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Australia: Fanning Islamic finance flames

Posted on 04 November 2010

From Businessspectator.com.au: Senator Cory Bernardi’s party room rant that Islamic, or Sharia, finance is “wholly incompatible with Western values” shouldn’t just be embarrassing for the Liberal Party, already battling with enough sitting members with hazy knowledge of finance, but is embarrassing for the nation as a whole and, particularly, its financial services industry.
In and amongst the context of the Singapore Exchange’s proposed takeover for the ASX, falling productivity compared to other OECD nations and an economy becoming more and more dependent on primary industry, it’s no wonder that Sydney and Melbourne are falling behind on global finance centre rankings and international students are changing their study destinations……………………………………….Full Article: Source

 
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