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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...

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PayNuts Unveils Expanded Integrated Solutions and Refreshed Brand to Support Australian SMEs

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BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

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VistaPrint Research Reveals Australian Small Businesses Face a Succession Cliff

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Corporate volunteering grows up: how companies are shifting to meaningful, community-led impact

As workplaces settle into the new year and look for ways to strengthen culture, capability and connection, experts say corporate volunteering is e...

The Rise of Mobile-First Venues

Global Hospitality Platform, Tabit, Reveals Five Ways to Maximise Benefits of Mobile-First Systems  As Australian hospitality venues grapple with...