Crescent Wealth Super

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Crescent Wealth is a provider of superannuation and investment solutions which fall in line with Islamic finance principles.

Types of Crescent Wealth superannuation accounts

Crescent Wealth offers two retirement-related products to choose from:

Personal super available for individual employees
Corporate super arranged by an employer for their employees to use

It offers members a choice of ‘conservative’, ‘balanced’ and ‘growth’ investment options.

According to Crescent Wealth, members who have a personal super account have access to features that include:

A wide range of managed pre-mixed, sector, and direct investment options
Flexible contribution and benefit options
Competitive fees and charges
Free lost super search and consolidation
Insurance in super available for death cover (life insurance), total and permanent disability (TPD) cover, and income protection cover
Financial advice available from a qualified professional
Online account access

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Eligibility to join Crescent Wealth superannuation

To sign up for a superannuation account with Crescent Wealth, you must be able to satisfy the following criteria:

You must be an Australian resident
You must be over 18 years of age

How to join Crescent Wealth superannuation

If you satisfy the above eligibility criteria, then you can apply to join the Crescent Wealth super fund through its website.

Consider comparing super funds on the Canstar website and check our choosing a super fund checklist before signing up for a particular superannuation account:

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Crescent Wealth Super FAQs

Yes, Crescent Wealth has a dedicated online portal for its super fund members. You can view your account balance online, access statements for your account and download super fund information.

Crescent Wealth says it “invests in industries that are compliant to Islamic values, faith and principles”. For example, it doesn’t invest in industries relating to alcohol, gambling or pork products.

It offers a variety of investment options including pre-mixed, sector, and direct investment options.

When choosing an investment option, it is important to take into your account investment timeframes and goals, and your personal risk tolerance for market fluctuations.

At the time of writing, Crescent Wealth charges a flat weekly administration fee of $1.90, a second proportional administration fee of 0.565% p.a., and an annual indirect cost ratio that ranges from of 0.83% p.a. to 1.39%p.a. depending on the investment option.

Consider comparing these fees to the average super fund fees on our database, as the fees you’re charged can have a significant impact on your super balance by the time you retire.

Yes, Crescent Wealth offers a consolidation service for members who have super in other funds.

It’s important to also check with your old super funds for information regarding costs such as exit fees and any insurance cover you may lose if you switch super funds. If you have any questions or concerns about the rollover process, contact Crescent Wealth.

When reviewing your annual super statement, the items to pay close attention to can include:

Personal details are up-to-date
Nominated beneficiaries are up-to-date
Tax File Number (TFN) is recorded
Super contributions from employer and/or your voluntary contributions are correct
Investment asset class choices are appropriate for your life stage
Amount paid in fees for the year is not too high
Insurance in super is still adequate coverage for your needs
Super is consolidated, after checking whether there is insurance or any other benefits attached to the account you may lose and you’re comfortable to do so
The big picture – are you happy with your super fund overall?

Crescent Wealth is an Islamic super and investment fund that focuses on what it refers to as ‘socially responsible investing’. This means Crescent Wealth does not invest its members money in industries like gambling, tobacco, alcohol, weaponry, or interest-earning organisations. It began operations in 2011 and in 2015 claimed to have $100 million in funds under management.