Malaysia’s First Australian Shariah Compliant Property Fund Launched

Sydney Harbour

Sydney Harbour

Australia’s Islamic investment company, Crescent Wealth, and KAF Investment Funds, a Malaysian investment manager, have launched the KAF Australia Islamic Property Fund. Why did they choose Australia? 

The KAF Australia Islamic Property Fund (KAIPF) is Malaysia’s first fund to give non-institutional investors direct access to Australian commercial property. This feeder fund invests into Australia’s leading Islamic property fund, the Crescent Diversified Property Fund (CDPF).

Since its launch in February 2013, the CDPF has delivered an average return of almost 18 percent per year, a total since inception return of 70.3 percent, as at 30 June 2016.

Highly Developed Market

Major global investors, both private and sovereign, are increasingly entering Australia, due to the quality returns and attractive yields offered by its mature property market.

«We believe this new and exciting initiative builds a gateway for Malaysian investors in Australia and reaffirms strong ties between Australia and Malaysia. The Australian commercial property market provides investors access to a highly developed and deep property market with global investment grade assets recently valued at $526 billion across offices, retail, hospitals, and such,» said Talal Yassine, Managing Director of Crescent Wealth.

Crescent Wealth established a new office late last year in Kuala Lumpur as the firm continues building out its networks across South East Asia and the Middle East.

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