Does ICFA invest any fund with MCCA?

• ICFAL endeavors to invest most of its funds in Islamically acceptable business portfolios. However, any unused funds at any given point of time in a financial year are normally kept with an interest free Commonwealth Bank account and/or a similar financial organization such as MCCA.
• ICFAL may redeem investment units from MCCA conveniently prior to re-investing in ICFAL’s own main investment portfolios. This arrangement allows funds kept in other similar organizations to earn Halal income through investing in lawful businesses instead of keeping money idle in a traditional bank.