SalaamGateway: Long-standing challenges beset Australia’s modest Islamic finance sector
14 Jul 2024 salaamgateway.com
On surface level, Australia offers several opportunities for the growth of its Islamic finance sector. The country has a young Muslim population which continues to propel the demand for Shariah-compliant products. It has developed a well-regulated and thriving financial sector, too, and can potentially capitalize on its Islamic finance space to prompt foreign direct investment (FDI) inflows as well as beckon prominent Islamic financial institutions to set up shop.