AUSTRALIA - FINANCE - The Australian News Opinion National Affairs Business Aus IT Higher Ed Media Sport Arts Life Magazines Careers Video Business News Opinion Companies Markets Wall Street Journal Economics Mining & Energy Wealth Aviation Financial Services Legal Property Top 50 Login Sign Up Search for: Stock Quotes: Markets Crescent unveils first sharia-compliant fund

www.theaustralian.com.au -MUSLIM Australians will be able to stash their cash with today's launch of Crescent Wealth's first Islamic cash management trust, which hopes to attract up to $100 million during the next few years.

Managing director Talal Yassine said he expected much of the money to come from Australian mosques. "Islamic Australians and institutions have had little choice so far but to put their cash reserves in non-compliant cash trusts," he said. (source)
Source: http://www.theaustralian.com.au/business/markets/crescent-unveils-first-sharia-compliant-fund/story-e6frg916-1226383931672  - June 5, 2012