Sun, May 19, 2013
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Islamic finance takes root in Australia

Posted on 27 July 2009

From Thenational.ae: The pioneers of Islamic finance in Australia have predicted that strong demand for their services can help prevent further global economic meltdowns.

Sharia-compliant banking is a multibillion-dollar worldwide industry, and while commonplace in Indonesia and Malaysia, it remains on the fringes of Australia’s financial sector. Its proponents believe that an ethical system that eschews the payment of interest in adherence to Islamic principles can help conventional banks steer a more stable and less greedy course…………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
May 2013
M T W T F S S
« Apr    
 12345
6789101112
13141516171819
20212223242526
2728293031