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Reuters: Australia’s NAB seals maiden Islamic financing deal

National Australia Bank Ltd has closed its first onshore Islamic financing deal, a A$19.9 million ($14.2 million) arrangement to fund a real estate purchase by Sydney-based asset manager Crescent Wealth.

CPI Financial: Australia’s Crescent Wealth Surpasses $100 Million Benchmark

Crescent Wealth today announced it has exceeded $100 million in funds under management. The achievement of this key milestone follows 245 per cent growth in funds under management in FY15 and demonstrates robust market demand for ethical Islamic investment products.