DomaCom partners with Crescent Group to deliver pioneering Shariah-compliant financing solution

• DomaCom and Crescent Group have entered into an exclusive Heads of Agreement to deliver a pioneering Islamic home finance product 
• The product will leverage DomaCom’s innovative fractional model that will allow Australia’s 700,000+ Muslim population to purchase a property using Shariah-compliant financing
• Crescent Group’s plan is to source institutional Islamic funding and structure its products in accordance with the highest levels of Islamic Finance compliance
• This will be an innovative, authentic and market leading product given the data shows that the market is underserviced by current financial institutions and represents a significant economic opportunity over the medium term.

Fractional investment platform provider DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘the Company’) is pleased to announce that it has entered into an exclusive Heads of Agreement with leading Australian Islamic financial group Crescent Group to deliver a much needed and underserviced housing solution to Australia’s 700,000-strong Muslim population. Attached is a recent report and presentation from DinarStandard- the world authority on the Halal economy – highlighting the opportunity in Australia.