MCCA's Income Fund delivered a 5.11 per cent return for the 2012 fiscal year and grew to exceed $20 million in funds.
Furthermore, MCCA's Shariah based home loan settlements increased month by month over the 2011/2012 year across its Sydney and Melbourne branches.
MCCA chairman Akhtar Kalam said the company's strength was in providing a non-bank alternative for Australian Muslims seeking financial services.
"The results reflected the demand by the Muslim community for competitive options that comply with their religious beliefs and need for innovative financial services products and facilities" Mr Kalam said.
"Islamic finance prohibits gambling, alcohol, weapons, narcotics and other immoral activities supported by religious groups and ethical investors. This can only be positive for Australia's economy."
The demand for Shariah compliant products in the finance sector is estimated at $0.5b over the next five years, but Mr Kalam says the current regulatory framework was hindering efforts to deliver these services.
With this latest success, Mr Kalam confirmed MCCA's commitment to developing services to meet the evolving financial needs to the Muslim community.
