Islamic superannuation fund Crescent Wealth has expanded its investment toolkit with the addition of Shariah-compliant currency hedging.

The fund signed a hedging contract with Malaysian bank CIMB in April to implement currency hedging, which gives the fund more flexibility in managing its risk.

“Since April, we were able to offer our members Shariah-compliant currency hedging, which is a first in Australia,” Jason Hazell, Chief Investment Officer of Crescent Wealth, says in an interview with [i3] Insights.

“It would have been perfect if we got the hedging in place when the Australian dollar was still at 55 cents, but we managed to get some low 60 numbers in our hedging contract, which is great.”

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Managing Director

Talal currently serves as a Non-Executive Director on the Whitlam Institute and Western Sydney University Foundation Council Board. He also serves as Chairman of First Quay Capital and Chairman of the Australian Arab Dialogue. Talal has also served on the Australia Post, Board of Sydney Ports, Macquarie University and the Western Sydney Area Health Service and the Chairman of the Department of Foreign Affairs and Trade; Council of Australia Arab Relations. In an executive capacity, Talal spent 10 years at PwC as a director and strategist, and at investment firm Babcock & Brown in the Corporate Finance Group and later in the Technical Real Estate Division. Later Talal held leadership positions in Better Place Australia, Platinum Hearing and Star Transport Australia.

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