Australian wealth manager offers Islamic banking products, estimates market size US $1.4 trillion

9 November 2011 | 1 minute read

Reflecting the rise in popularity of Islamic or Shariah-compliant wealth management, Crescent Wealth Australia’s first Islamic wealth manager is optimistic about Australia’s potential for becoming a regional Islamic banking hub. Crescent, which launched the first Islamic  Australian fund last month , estimates the size of the global Islamic financial services market to be A$1.4 trillion (US$1.44 trillion). 62% of the…

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