Crescent Wealth is Australia’s only Islamic super fund and has over 10,000 members and more than AUD$ 299 million (€188 million) in assets. Crescent Wealth actively avoids all investments in nuclear weapon producing companies. The fund recognizes the Treaty on the Prohibition of Nuclear Weapons and seeks to contribute to an action plan that contributes to the eradication of nuclear weapons. 

In their 2021 Annual Report, Crescent Wealth dedicated significant space to the International Campaign to Abolish Nuclear Weapons and encouraged members to talk to their friends and family and reject nuclear weapons completely. Managing Director Talal Yassine said in the annual report “The Treaty on the Prohibition of Nuclear Weapons (TPNW) makes these weapons illegal from 22 January 2021, as well as immoral, so getting out of the industry that produces them is more important than ever,” he says. “Even though Australia hasn’t yet joined the treaty, financial institutions should move ahead with a zero tolerance policy for nuclear arms producers, in line with international law and the increasing norms of ‘avoiding harm’ and responsible investment.”