www.reuters.com - (Reuters) - Australian fund manager Crescent
Wealth plans to launch the country's first Islamic pension fund
by December and allocate between 15 to 30 percent of it in
property, its managing director said.
Talal Yassine said Crescent Wealth hopes to build the fund
to between A$4 billion ($4.03 billion) and A$6 billion in five
years.
Crescent Wealth, which was established last year, currently
has less than A$5 million under management and advice but
Yassine expects strong growth for his fund due to a lack of
available Shariah-compliant financial products in Australia. (source)
Showing posts with label pension fund. Show all posts
Showing posts with label pension fund. Show all posts
Friday, June 29, 2012
Friday, June 15, 2012
INDONESIA - BANKING - Muamalat: Pension Fund of Funds under management reached Rp329, 95 billion
www.bisnis.com - JAKARTA: The total investment fund Pension Fund Indonesia Tbk, PT Bank Muamalat reach Rp329, 95 billion in 2011, grew 23.62% from Rp266, 89 billion a year earlier.
Based on the financial report published today (12/6), DPLK Muamalat allocate the majority of investment funds on deposit portfolio amounting to Rp279, 10 billion (84.58%). The remaining portfolio of mutual funds of Rp20, 48 billion (6.2%), shares of Rp20 billion (6.06%), sukuk Rp7, 36 billion (2.23%), and deposits on call Rp3 billion (0.9%).
Pension fund investments recorded a net income Rp23, 14miliar, grew 11.03% from Rp20, 84 billion. (source)
Based on the financial report published today (12/6), DPLK Muamalat allocate the majority of investment funds on deposit portfolio amounting to Rp279, 10 billion (84.58%). The remaining portfolio of mutual funds of Rp20, 48 billion (6.2%), shares of Rp20 billion (6.06%), sukuk Rp7, 36 billion (2.23%), and deposits on call Rp3 billion (0.9%).
Pension fund investments recorded a net income Rp23, 14miliar, grew 11.03% from Rp20, 84 billion. (source)
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