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Crescent Wealth Annual Audit for Shariah & Financial Compliance

AAOFI is the leading standards for Islamic Investments. Each year, we are independently audited to verify that our investments and our business operate to the strict standard set by this independent Islamic standards body. Dar Al Shariah are global experts in Islamic Finance. Originally set up in 2007 by the world’s first Islamic Bank, Dubai…

The Power of Story-telling

One of the oldest techniques human beings have used to teach one another is through story-telling. From the day Prophet Muhammad (PBUH) received the revelations from Allah (swt) to the present day, all Muslim societies have been shaped by orality in the form of tales, fables, myths, legends, and narratives. When verbal stories are combined…

Stock Highlight: 3M Co

Founded in 1902, the 3M Company has become a household name with a wide array of consumer goods ranging from bandages and ‘Post-it’ notes to all sorts of tapes and adhesives. Beyond consumer goods, 3M is also a global leader in designing and making personal protective and medical equipment. The company operates with a simple…

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…

Stock Highlight: WHSmith PLC

Founded in 1792, WHSmith began as family-run newsagents before becoming the world’s first retail chain. Today, the company has more than 600 High Street stores as well as travel stores and a growing presence overseas in Europe, the Middle East, India, Southeast Asia, China and Australia. As a household name, WHSmith is committed to making…

Economic Outlook Uncertain – Crescent Wealth’s Response

Crescent Wealth’s leadership is committed to open and transparent communication. As Australia’s only Islamic superannuation fund, our conservative investment principles and ultra-ethical investment enable us to provide a unique perspective as we collectively navigate COVID-19. Our members are interested and uncertain about what the global economic impact means for their investments, employment and superannuation. Early…

Laylatul Qadr: Islam’s Night of Nights

A transformative night of contemplation engaged in by billions is almost upon us this year Muslims around the world have been observing Ramadan for the last 25 or so days: a month of fasting, abstinence from sin and food, and a time of increase in contemplation, worship and communal commitment to God. Within this month,…

Zakat: Is it payable on your Islamic Super?

Zakat: Introducing Islam’s 3rd Pillar. Is it payable on your Islamic Super? Islam powerfully and beautifully positions giving charity as an act of worship. Zakat is Islam’s third pillar and a cornerstone of a Muslim’s commitment to our religion. Zakat is 2.5% of the Zakat-able wealth of an individual, provided one meets a requisite level…

Crescent Wealth Economic Outlook – Don’t Waste A Crisis

Crescent Wealth Board Director, Economist and former Politician & Liberal leader Dr John Hewson (AM) 14 May 2020 The Australian economy is in the most challenging times since the Great Depression. We are in for a long period of recessionary activity, with unemployment initially doubling, at least. This was not caused by a global financial…

Stock Highlight: Hankook Tyre and Technology Co Ltd

Whether you drive a SUV, a coupe, a truck or a bus, they all have one thing in common – tyres! Hankook Tyre and Technology Co (Hankook) supplies tyres to their large customer base of car, light and heavy vehicle and motorcycle manufactures and distributors globally. Every day, people around the world rely on an…

10 Children Activities for Ramadan while #Stayingathome

This Ramadan is different. The global coronavirus pandemic has resulted in a new social isolation lifestyle which will carry into Ramadan 2020. The disruption to our routines and those of our children is something many are still getting to grips with. So what can we do to keep our children entertained during Ramadan? Many parents,…

How Aussie Muslim families are spending this Ramadan with the social restrictions in place

Like many things this year, the holy month of Ramadan will be observed under more unusual circumstances. With social distancing restrictions in place across Australia, Muslim families will be relying on connecting virtually with each other. “It will be very strange not being able to go to the Mosque this Ramadan. I have started to…

Crescent Wealth Super Investment Market Update – Covid-19 update

How quickly things can change Since the depths of the market declines in mid-March, when liquidity in equity and credit markets around the world caused panic in markets, we have seen a dramatic rebound.  How quickly things can change. The stabilisation and turnaround of markets was led by a massive co-ordinated stimulus program globally and…

Celebrating Togetherness, Unity and One Community

These are indeed testing times, but there is always hope. In Australia, we have seen the incredible ability for us to work together with the shared goal of protecting our health so that we can adequately support each and every Australian. Around the world, we see the disparity in societies when we compare those that…

Australia’s first sukuk mandate adds diversification to a Shariah-compliant responsible investment super fund

Responsible Finance & Investment Foundation speaks to our Chief Investment Officer about our innovative approach to diversify our investments, adding a dedicated Sukuk mandate to our investment asset class for our Superannuation members. In today’s world, it’s not enough to just think about risks and returns when it comes to choosing where to invest. There…

Stock Highlight – Stockland Group

Dig a little deeper into the history Stockland Group and you’ll realise they are not your typical property group. On the contrary, rather than pouring all their energy into earning profits for their board, Stockland Group is first and foremost a provider for the community. They manage a diversified property group that supports the lives…