In an exclusive interview in the February 2017 edition of Islamic Business & Finance, HRH Prince Khaled bin Alwaleed bin Talal announces the launch of Crestmount Capital (Crestmount), dedicated exclusively to the Islamic finance sector. In tandem with the founding of Crestmount, he also addresses the details of Crestmount Fund I, the company’s first fully Shari’ah compliant real estate investment fund (REIF).
Crestmount Fund I, with plans to immediately deploy the raised amount into five separate Australian Shari’ah-compliant projects at a local market value of $100 million (AUD), privately circulated the opening investment opportunity under the guidance of Amanie Advisors. The projects targeted for the capital, at varying stages of progress, are residential developments conceptualised and developed by the largest Shari’ah-compliant developer in Australia, PietyTHP Developments.
Read the full article in Islamic Business & Finance | Read the interview online
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