- Foundations of Islamic Finance series
Edited by Mervyn K. Lewis, Mohamed Ariff and Shamsher Mohamad
Chapter 15: Islamic finance in Australia
Once ‘Islamic finance in Australia’ could have been covered in a very short paper. Other than informal examples operating from local mosques, there would be little if anything to discuss. The position now may not appear much different, but there is some progress and its potential has certainly awakened both the government and finance industry. This chapter reports on the current position. It starts by noting the small but growing importance of Islam within Australia. It then identifies our few local specialist Islamic finance providers, mentions some modest Islamic efforts by our commercial banks and explains some promising developments in the fund management industry. Consideration is then given to the potential prudential regulation, commercial and other laws and taxation issues facing Islamic finance before concluding with some comments on the potential for Islamic finance in Australia.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.