In contrast to countries such as Malaysia, Singapore and the United Kingdom, Australia has reacted belatedly to the phenomenon that is Islamic Finance. Nevertheless, there is no evidence that the delay is the result of a deeper consideration of the issues. The terms of reference provided to the...

The increase in the revenues of Arab nations arising from the surge in world oil prices, together with the withdrawal of Arab investment from the United States, presents an opportunity for Australia to increase its share of Arab investment. But Islamic investors are expected to invest only in...

The global expansion of Islamic finance, finance activity consistent with the principles of Islamic law (Shariah), now witnesses Islamic financing operations conducted by most major banks around the World. Many nations have taken the view that there are opportunities thus arising from Islamic...