Australia's Crescent Wealth targets Malaysian investors

Crescent Wealth is targeting investments from Malaysia, which is home to the world's second-largest Islamic funds market with about US$5 billion under management.

The group is pioneering Australia's potential to become a global hub for Islamic investing and tap into the A$1.4 trillion global Islamic financial services market.

Crescent Wealth sees significant potential to partner with Malaysian institutions that are attracted to Australia's robust and burgeoning wealth management industry, which is Asia's largest with about A$1.8 trillion in funds under management, the company said.

"Crescent Wealth is pioneering the significant growth opportunity for our industry to become a leading hub for Islamic investing, particularly in our own region where 62 per cent of the world's Muslims reside," said Talal Yassine, Crescent Wealth Founder and Managing Director.

"We are also selling Australia to the world by pioneering access to one of the most significant emerging market opportunities in the global investment industry today," said Yassine. "There is enormous potential for Islamic funds, from the Australian community and from abroad, mirroring the significant growth that we have seen in similar overseas-based Islamic funds," he added.

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