From Radioaustralia.net.au: Australia will overhaul sections of its taxation laws to ensure they don’t hamper the growth of Islamic banking, finance, and insurance products. Islam prohibits the act of making money from money, but even foreign exchange can traded in accordance with Sharia law, and Islamic finance is sometimes seen as based on a more sound set of fundamental principles than Western practices.
Last year it was estimated the global value of Islamic financial assets was more than 800 billion US dollars- and that could double by 2012………………………………….Full Article: Source