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Australia: Ripoll tips Islamic finance growth

Posted on 17 April 2013

Islamic finance is a ‘rapidly expanding market’ and introducing Islamic finance products could open the financial services sector to new growth, the Australian federal government has said. The introduction of Islamic finance products into the domestic market presents an opportunity for growth in the financial services sector, according to Bernie Ripoll, parliamentary secretary to the treasurer and parliamentary secretary for small business.
“We see Islamic finance as a way of opening our capital and credit markets, enhancing competition and innovation, fostering social inclusion, and promoting greater engagement and integration in the Asia Pacific,” Mr Ripoll said…………………………………….Full Article: Source

 
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