5 articles tagged “Mcca”
Beyond the ASX, Australia has a quiet shelf of unlisted halal funds: a registered Islamic mortgage fund paying monthly since 2009, managed portfolios from $5,000, wholesale funds to $100,000 minimums, and a co-operative running since 1998.
MCCA has originated $3.6 billion in Shariah-compliant mortgages since 1989 and carries the strongest named scholar bench in the market. Its product is competitive; its pricing and some paperwork are not where they should be.
No Australian bank offers a halal savings account, so your money needs a ladder, not a product. The five real options, their published returns, and what each one costs you in protection.
A Shariah-certified mortgage fund paying monthly distributions since 2009, returning 4.28% in FY2025, from $1,000. The mechanics, the fatwa, the risks and who it actually suits.
From a Melbourne co-operative pooling savings in 1989 to ASX-listed halal ETFs and a bank that almost was: the four eras of Australian Islamic finance, with the dead ventures remembered too.