Business News

Australia will soon have its first Islamic bank. What does this mean, and what are the challenges?

Written by Md Safiullah (Safi), Senior Lecturer in Finance, RMIT University

Islamic banks have become an integral part of the financial system in many Muslim-majority countries, as well as in nations with sizeable Muslim minorities such as the United Kingdom, South Africa, Sri Lanka and Thailand.

Australia is poised to join them. From mid-2024, Islamic Bank Australia is set to offer Australia’s 813,000 Muslims a...

Higher than expected inflation report dashes hopes for further RBA rate cuts
Inflation jumped 1.3% in the September quarter, above economists’ and the Reserve Bank’s own expectations. That i…
When you click on an ad in sales season, retailers get to harvest your data
Earlier this year, the consumer watchdog fined three retailers, Michael Hill, MyHouse and Hairhouse Online, almost A$20,000 e…
This was the best way to invest $1,000 … back in 2010
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Were you on Facebook 10 years ago? You may be able to claim part of this $50 million payout
Right now, more than 311,000 Australian Facebook users can apply for a slice of a A$50 million compensation fund from tech gi…
After OpenAI’s new ‘buy it in ChatGPT’ trial, how soon will AI be online shopping for us?
Buying and selling online with e-commerce is old news. We’re entering the age of A-commerce, where artificial intellige…
Sphere set to join Findi Group, accelerating climate action to new markets
Sphere for Good (“Sphere”), a leading innovator in integrating climate and loyalty actions into financial transactions, t…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Understanding the Importance of Property Valuation Services in Darwin
Introduction Darwin’s property market is known for its unique blend of residential, commercial, and rural investments. With constant changes in market demand, infrastructure development, and lifestyle shifts, understanding the real value…

As insurance gets harder to buy, NZ has 3 choices for disaster recovery – and we keep choosing the worst…
The number of climate change-related extreme weather events is on the rise, making it harder for many people to buy affordable home insurance.The industry has already signalled it is pulling…
Business success as Aussie kids skateboard brand, Ookkie, launches in UK and Europe
Australia’s leading kids skateboard company, Ookkie, has set the wheels in motion for global business success, expanding into two new overseas markets thanks to growing demand for its products from…
The Impact of A Quality Dental Clinic on Patients and Communities
The importance of a healthy and radiant smile cannot be overstated. A smile is the first impression we make, and it is crucial to ensure that it is positive and…

Driving smarter: how car subscription models are redefining mobility and financial flexibility

The world of mobility is changing fast, and car ownership is no longer the default. Across Australia, professionals and businesses alike are seeki...

The Future of Wealth Technology

“You shouldn’t need a large account balance to experience real-time investing. Technology should make that kind of access universal.” For decades...

Thryv wins national accolade at 2025 Australian Service Excellence Awards

Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, announced that Greg Nicolle, G...

pay.com.au unveils first-of-its-kind FX rewards feature, becoming the most flexible rewards solution for Aussie businesses

pay.com.au, the end-to-end payments and rewards platform, today announced the launch of International Payments, Australia’s first foreign exchange...

Yellow Canary partners with Celery to bring pre-payroll assurance technology to Australia

Wage underpayment headlines continue to put pressure on employers of all sizes, revealing how costly payroll mistakes can be for small and medium bu...

Brennan Bolsters Leadership to Accelerate Next Growth Chapter

In a move to further embed cybersecurity at the heart of its business strategy and deliver sovereign secure-by-design solutions for its customers, A...