My Cash

MCCA is one of the only financial institutions in Australia that refers all of its products through a screening process that establishes the product’s ethical and moral standing. MCCA provides investors that peace of mind that assures them that their funds are invested in a way that benefits society as a whole and does not compromise any religious or moral grounds. Cash invested is also regulated by the Australian Securities and Investments Commission (ASIC) that puts strict guidelines to safeguard the assets of investors. Cash is invested into our MCCA Income Fund that subsequently provides finance according to Islamic Finance principles. Investments are predominantly made in residential first mortgages across Australia and priority is usually given to community initiatives such as schools, centres and community complexes. Since its inception in 2009, the MCCA Income Fund has over-achieved all forecasts and KPIs set. Our growth and performance can be viewed below.

Year

Return (p.a.)

Total Investments    ($million)

Partial year 2009/10 2.11% $6.85
2010/11 5.31% $10.20
2011/12  5.11% $18.45
2012/13 4.70% $25.33