Founded as a fully Sharia-compliant firm, and adhering to all established Sharia-compliant criteria and standards, Crestmount Capital applies internationally accepted best practices together with a corporate schema comprised of the following essential Operational Pillars: transparency, ethics, relationship management, and independent expert oversight.
Crestmount Capital has engaged several external globally recognized entities to ensure the successful implementation and execution of financial best practices, together with meticulous and stringent corporate structure and development.
King & Spalding
King & Spalding, an international law firm with more than 130 years of experience, boasts a broad array of clients including half of the Fortune Global 100. With 900 lawyers in 19 offices in the United States, Europe, the Middle East and Asia, King & Spalding is one of only 52 law firms that have been on the BTI Client Service A-Team for 12 consecutive years—representing only 8% of the law firms serving the Fortune 1000 companies. The firm has handled matters in over 160 countries on six continents. Given King & Spalding’s breadth of experience in the Islamic finance space, the firm has been appointed as Crestmount Fund I’s Legal Counsel.
King & Wood Mallesons
King & Wood Mallesons (KWM), a multinational law firm headquartered in Hong Kong, is the first and only global law firm based in Asia and as of March 2015 was the largest law firm headquartered outside of the United States or European Union. It is the 6th largest firm in the world by number of lawyers and one of the top 30 by revenue as of 2015. KWM has been appointed as Crestmount Fund I’s Australian Legal Advisor to further hone the fund structure, ensuring compatibility and cohesion with local legal framework.
KPMG, a global network of independent member firms offering audit, tax and advisory services, is one of the ‘Big Four’ auditors worldwide. Headquartered in Amsterdam, the Netherlands, KPMG employs 189,000 people and KPMG member firms can be found in 152 countries. KPMG has been appointed as Crestmount Fund I Auditor and Tax Advisor.
Amanie Advisors, founded in 2005, is a leading advisory firm specializing in Islamic finance solutions covering a range of services including Shariah advisory and consultancy, and training and R&D for institutional and corporate clientele focusing on Islamic financial services. Amanie provides end-to-end Shariah solutions through its offices around the globe and is led by renowned global Shariah scholar, Datuk Dr. Mohd Daud Bakar, and teamed by an active and established panel of consultants covering every aspect related to the Islamic banking and finance industries.
Crestmount Capital has engaged the services of KPMG, globally renowned as one of the “Big Four” auditing and tax firms to ensure accurate and independent documentation and reporting. Together with auditing and tax expertise, legal expertise was engaged across two fronts: overall corporate structure and fund-specific structure. King & Spalding, the appointed legal liaisons for Crestmount Capital, boast years of experience in the Islamic finance field and were engaged to perfect the company’s overall structure and operations. Pursuant to the deployment of capital of Crestmount Fund I, extra measures were undertaken to ensure Australian market compatibility with King & Wood Mallesons as legal guidance.
As a Sharia-compliant financial firm, Islamic principles of economic and financial fairness, together with full disclosure, are embedded in every level of the company’s operations. Crestmount Capital’s engagement of independent auditing and legal entities, all operational across international markets, is part of the overall objective of ethical operations.
Crestmount Capital prides itself on maintaining strong stakeholder relationships, and governs stakeholder interactions with transparency, ethics, and in-depth and frequent communiques. Crestmount Capital financial instruments are structured with investor confidence and advantageous returns and timelines as priority points in the company’s value proposition.
The Sharia Supervisory Board (SSB) of Crestmount Capital includes the foremost experts in the fields of Islamic economics and Islamic finance from the world’s most advanced and mature Sharia markets. The SSB, Islamic scholars who are respectively from Malaysia, the Kingdom of Saudi Arabia, Kuwait, and Qatar, are responsible for monitoring and approving Crestmount Capital’s Sharia-compliant status and ongoing operations.