Islamic finance in Australia: the potential problems and prospects

• Main Authors: Faruq Ahmad, Abu Umar, Osmani, Noor Mohammad, Karim, Mohd Fazlul
• Format: Conference or Workshop Item
• Language: English
• Published: 2010
• Subjects: B Philosophy (General); HJ Public Finance
• Online Access: http://irep.iium.edu.my/16472/1/p12.pdf; http://irep.iium.edu.my/16472/; http://www.ukm.my/hadhari/sites/default/files/prosiding/p12.pdf

Islamic finance began in the 1960s, accelerated rapidly during the 1970s and has grown significantly in the 1990s as a result of banking deregulation in the 1980s. Although Islamic finance emerged in Australia in 1990s in response to the growing demand of 350,000 of its Muslim population throu...