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Australia eyes Islamic finance growth

Posted on 16 February 2010

From Voanews.com: The Australian government plans to attract Islamic banks after publishing its first report on this booming area of finance. The government wants Australia to become a finance hub for almost one billion Muslims in the Asia-Pacific region.

Banking systems that comply with Islamic beliefs are a multibillion-dollar worldwide industry. While such banks are common in Indonesia and Malaysia, they remain on the fringe of Australia’s finance sector………………………………….Full Article: Source

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