Crescent Wealth Partners with Islamic Fund Manager Saturna Capital

Crescent Wealth, Australia’s first Islamic wealth manager, announced on Thursday that it has entered into an agreement with Saturna Sdn Bhd (a wholly-owned subsidiary of U.S.-based Saturna Capital) to act as the portfolio manager to the Crescent International Equity Fund to be launched later this year.

Saturna’s strong fund performance in the U.S. underscored the potential of what can be achieved in the Australian market, said Managing Director of Crescent Wealth Talal Yassine.

“Our collaboration with Saturna Capital deepens our expertise in global Islamic finance and will give Australian investors the confidence to invest in our Crescent International Equity Fund,” Yassine said.

“Saturna has had tremendous success adhering to the principles of Islamic-based investing,” he said, “favouring companies with low debt-to-equity ratios and avoiding those with high price-to-earnings ratios.”

Saturna Capital, founded in 1989, manages funds and private accounts with total assets of more than $3.8 billion, including U.S.-based Amana Income and Amana Growth Funds, the world’s largest Islamic equity funds open to the public. Saturna has been recognized as a premier Islamic fund manager with multiple US and international awards. Saturna Sdn. Bhd. is licensed as an Islamic fund manager in Malaysia under the Malaysian International Islamic Finance Centre scheme.

Read more at
http://au.ibtimes.com/articles/303133/20120222/australia-crescent-wealth-partners-top-based-islamic.htm/

au.ibtimes

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