Superannuation · Australia
Salaam Superannuation
Australia's largest Islamic super fund offering, formerly known as Crescent Wealth. Rebranded as Salaam on 1 June 2024. Certified by Dar Al Shariah.
Key Facts
Overview
Salaam Superannuation, formerly known as Crescent Wealth, is an APRA-regulated Islamic super fund that rebranded in June 2024 and joined the Russell Investments Master Trust. It is Shariah-certified by Dar Al Shariah and is a member of the Islamic Finance Industry Association (IFIA). Salaam markets itself as Australia's largest Islamic super fund option by assets and holds a formal Shariah certification rather than a loose screening policy.
Services Provided
Salaam provides fully Shariah-screened superannuation products including a Growth option targeting CPI + 2% p.a. net over rolling five-year periods. Investment screening excludes alcohol, gambling, weapons, tobacco, interest-based finance, and pork-related industries, and positions toward healthcare, infrastructure, renewables, and natural resources. Insurance within super is available.
Salaam comes across as the most formally structured Islamic super product in Australia, with meaningful Shariah certification credentials and APRA regulation. The rebranding from Crescent Wealth followed a period during which some prior investment options were flagged by APRA's performance test, though Salaam has noted publicly that the standard APRA test does not account for restrictions inherent in Shariah-compliant investing. A full performance track record under the Salaam brand is still being established. Users who want an APRA-regulated, Shariah-certified super product with a formal governance structure should give this serious consideration, while understanding that the long-term performance story is still developing.
Who They Suit
May suit users who want a formally Shariah-certified, APRA-regulated Islamic super product from an institution that treats halal super as its primary product — not a side offering.
Things to Verify
Before proceeding with this provider, confirm the following directly:
- Current fund performance data against the stated CPI + 2% target
- Latest PDS for complete fee disclosure
- Insurance options and whether existing cover transfers on joining
- Shariah certification and screening methodology documentation
- How the fund performed through the APRA performance test process
Information on this page is general in nature and based on publicly available material and provider-supplied information. Always verify fees, eligibility, product structure, licensing status, and Shariah governance directly with the provider before making a decision.