talal yassine - 2015 aicd conference - islamic finance
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Crescent WealthAustralia’s leading Islamic super and investment company
Crescent Wealth Institutions
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• Australia’s Islamic superannuation and investment company
• We partner with leading investment managers in Australia and abroad to
develop products for retail and institutional investors
• Offices in Sydney, Melbourne and Kuala Lumpur
• A$100 million in funds and assets under management, aiming for over $250 million in FUM & AUM by end of CY 2015.
“The world’s first private Islamic pension fund”
Five Pillars of Islamic Finance
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1. The ban on interest
2. The ban on uncertainty or speculation
3. The ban on financing certain economic sectors
4. The profit- and loss-sharing principle
5. The asset-backing principle
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Qualitative filters
Financial Services
(conventional/leverage)Weapons
Tobacco Pork
Alcohol Gambling
Adult Material Morally hazardous media
Quantitative filters
Gearing 30% of Assets
Cash& STI 30% of Assets
Receivables 70% of Assets
Tainted Income 5% of Income
Investment GuidelinesInternationally accepted Islamic standards
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2015 2022 2030
Billions
Global Muslim Population Growth
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5.4%OIC
3.6%ROW
3.9%BRIC
Rate of growth 2015 - 2019
GDP (current US$)
Source: Standard & Poor’s (S&P), Ernst & Young7
$1.8trillion
Total size of Islamic banking market in 2014*
Why does Islamic finance matter?
Growing rapidly in volume and geographical coverage…
Source: ABS 2012, Pew Research 20119
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The Australia Story
$TRILLION
0.5MILLION
80PERCENT
The size of Australia’s funds management market
Muslims in Australia Growth in Australian Muslim population to 2030
Source: ABS 2012, Pew Research 201110
Value of pensions held by Australian Muslims in
2020
$20Value of pensions held by Australian Muslims in
2013
BILLION
$35BILLION
Value of Australia Islamic super and investment market
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Up to 40% of the total assets of a ‘balanced’ superannuation fund can be invested in assets prohibited by Islamic investment principles1
Source: Association of Superannuation Funds of Australia and Crescent Wealth estimates.
Point of difference
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Malaysia case study: Islamic finance sector
10-12%(2020 forecast contribution)
Source: Islamic Banking and Finance Institute Malaysia (IBFIM) / Nominal GDP calculation
8.6%(2010 contribution to Nominal GDP)
76%
24%
ISLAMIC BANKING MARKET SHARE
Conventional Islamic
$148b
Crescent Wealth Institutions 13
Relationship building blocks
Progress strong, yet significant opportunities remain untapped…
Education
Malaysian students
in Australia
9th
Australia’s 10th most
important trade partner
3,600 Aussie companies
exporting to Malaysia
300,000
Islamic finance Security
AgricultureResources
The opportunity for you
� Large growth market (~20% p.a. growth)
� Market maturing in depth and sophistication
� The majors are jumping on board…
Questions
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