27.07.2009 - Islamic finance takes root in Australia
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