John Hewson wants to channel up to $5 billion in Islamically compliant home loans from local investors as well as from countries such as Malaysia, Brunei and Indonesia over the next five years to Australian Muslims, whose outright home ownership is half that of the wider population.
The economist and former Liberal Party leader chairs specialist lender Crescent Finance, which is targeting both foreign institutions and local investors to back funds that will lend to Australian Muslims.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
