Eid Al Adha Mubarak
The cost of Alcohol Investments
Can Super be Islamic?
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Eid Al Adha Mubarak
On behalf of the executive team and all of our employees, I am honoured to wish our Crescent Wealth Super members and community an Eid Al Adha Mubarak. As we experience yet another special Islamic occasion with the COVID restrictions and of course with Hajj sadly cancelled this year we are once again reminded of…
The cost of Alcohol Investments
Dry July is an annual event that encourages people to give up arguably the most common vice in the world – alcohol – for the entire month of July. In addition to the opportunity to fundraise for people affected by cancer, Dry July helps you understand the monetary and financial impact of your regular drinking…
Can Super be Islamic?
One of the key individual obligations Islam mandates on people is to ensure that their wealth is built through legitimate sources. One’s sources of income and wealth must be Halal (permissible), and haram (forbidden) sources of income/wealth are a serious taint on a person’s standing before Allah. Superannuation is an important source of wealth increase…
A Stock we don’t invest in…
Woolworths Limited (WOW.ASX) is a company that does not currently meet our shariah investment parameters given it carries on non-compliant business activities. However, based on recent company announcements and stated intention to demerge these activities over the next 12 months, it could start to qualify for consideration in the portfolio. Woolworths is an iconic household…
Meet Sheikh Alaa
Moving Forward & Reflecting on the Year We caught up with Sheikh Alaa Elzokm, a widely-respected leader in our community and a Crescent Wealth member to discuss how we as a community can continue to support each other as we move forward in a post-COVID world. CW: What’s been your journey to becoming a…
Crescent Wealth Islamic Super advocates for the future of Infrastructure Projects Investment
In our blog last month, we advocated for the Morrison Government to not waste a crisis and this month we spoke with the Australian Financial Review (AFR) about the opportunity the Government has to consider new ways of financing infrastructure projects. Australia is now in its first recession in 29 years, following the economic impact…
Tips for preparing your 2020 Tax Return
At tax time, it’s important to make sure you have included all of your eligible tax deductions in your tax return – they all add up and can make a big difference. This year, it is expected many people will claim Working from Home Expenses and Personal Protective Equipment expenses and the Australian Taxation Office…
Islamically Compliant Super Stock: Cleanaway Waste Management
This month we highlight Cleanaway Waste Management (CWY.ASX) as an Islamic super compliant investment. Cleanaway Waste Management operates across the entire waste management value chain of collections, recycling and resource recovery as well as treatment and disposal. Cleanaway also operates in most sectors of the Australian economy and segments of the market including residential (council…
Around the world this Eid al-Fitr 2020
While Eid 2020 isn’t full of streets filled with decorative festive lights and carnivals, it will still be filled with traditional sweets, puddings, biscuits and cakes that can be enjoyed within immediate loved ones. Australia: In a wonderful display of unity, Australia’s largest mosque – Sydney’s Lakemba Mosque broadcasted the Adhan, Islam’s call to prayer…
Eid Mubarak #WeAreOne
Australia’s political, business and religious leaders came together in celebration & support of our Australia’s Muslim community More than 35 political, business, community and religious leaders came together with messages of support for our Australia’s Muslim community for Eid-al-Fitr. Ramadan is the holiest month in the Islamic calendar and is a time when we focus…
