Our Property Fund is Australia’s leading Shariah compliant property investment option for Muslims looking to grow their wealth through ethically aligned, competitive investment options in the property sector.
This sub-fund was formed on 26 July 2016 and wound up on 23 Mar 2018 with the net proceeds (representing the interests of the investors plus residual returns realised from development) distributed to investors on 23 March 2018. The sub-fund realised a total return on investor funds of 18.83%, equating to a stron 11.36% per annum.
Closed to investment
Before taking advantage of this investment opportunity, please download and read the documents below to equip yourself with the knowledge you need to make considered decisions.
If you have a question, you may find the answer below. Otherwise, feel free to contact us if you have a query and our team will be happy to assist you.
The MCCA Property Fund (“MCCAPF”) is a Managed Investment Scheme, registered with the Australian Securities and Investment Commission.
The Fund operates sub schemes, where each sub scheme can invest in a single residential, commercial, or industrial direct property for the purposes of development/construction and sale for profit (i.e., a development sub scheme) or for the purpose of leasing for rental income and later sale for capital gain (i.e., a rental sub scheme).
The net profit of the scheme is distributed to investors (for development sub schemes, on sale of the completed property, and for rental sub schemes, on periodic collections of rents).
You must obtain and read the current Product Disclosure Statement (PDS) issued for the Fund and the Property Description Statement for the sub scheme you are applying for before investing.
There are risks with this investment, as outlined in the PDS (please refer to section 5).
It would vary from sub scheme to sub scheme, but typically the minimum investment would be $50,000 (or other amount as the Manager (MCCA Asset Management Limited) may determine from time-to-time).
The estimated investment term varies from sub scheme to sub scheme and would be indicated in the Property Description Statement on the sub scheme you are applying for.
Many factors affect the realised investment term of a MCCAPF sub scheme (particularly, a development sub scheme) – please refer to the PDS (Section 5) and the Property Description Statement relevant to the sub scheme you are applying for.
There is a Cooling-off right for retail investors (as defined in the Corporations Act), who may redeem their cash investment in the Fund but only within 14-days of investing in the Fund.
Investors may not redeem once they allocate part of their investment in the Fund towards a Sub-scheme, since at that time the Manager usually will have made binding legal commitments to buy the underlying property.
No. You typically receive return of your investment monies only when the property is sold at the end of the investment term.
Therefore, the Fund is not a liquid investment and as such only suits those investors who do not need access to their investment monies on short term notice.
No. There is no fee to open an investment.
By law, persons who are not Australian citizens or residents are allowed to invest in Australian registered managed investment schemes. Such persons will need to provide suitable identification and complete all the other requirements outlined in the PDS for the Fund.
Please refer to a suitably qualified taxation accountant to advise you on the tax consequences of investing in the Income Fund.
You have the right not to disclose your TFN, but we will be required by law to withhold tax from your profit at the highest income tax bracket.
Please refer to a suitably qualified advisor to guide you on the tax consequences of investing in the Fund and withholding your TFN.
The Fund provides you an opportunity to buy into a high value property at investment amounts well below the purchase price of the property.
The Fund also allows you more simply to diversify your investment exposure across multiple properties by investing in one or more sub schemes.
Investing in the Fund also allows you to earn recurring real property income and/or capital gains (if any) from sale of real property within a sub scheme.
The Fund is suitable for different types of investors, including individuals, joint applicants, partnerships, companies, trusts, societies, and superannuation funds including self-managed superannuation funds seeking to invest in real property held within a managed investment scheme, and who wish to select the type of property in which they invest.
The MCCA Property Fund has a track-record of success and an exciting future ahead as Australia’s property market continues to appreciate. For an investment option that shows promising signs of sustained growth, consider it as part of your investment portfolio.