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Islamic banking to increase in Australia
Malaysia Sun
Sunday 21st February, 2010
The Australian government has expressed an interest in creating a finance hub for the nearly one billion Muslims in Asia-Pacific region.
Government ministers are known to want to expand Islamic banking to help Australia become a dominant player in regional financing.
Banking systems that comply with Islamic beliefs are becoming a worldwide industry, with banks in the Asia Pacific region already common in Indonesia and Malaysia.
With Australia wanting to bolster the Islamic market, a report has been released that details how Australia can position itself to become a financial services hub, particularly for Islamic finance.
Islamic finance differs from conventional Western banking by focusing on profit-sharing.
Wealth is generated through trade and investment in assets, such as property or commodities.
Liquor and gambling investments are banned and charging interest is forbidden.
The report says Australia's 365,000 Muslims are likely to use Islamic banking services.
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Comments on this story
| By ` ~galljdaj+, 02-21-10, 12:41 PM |
Australia to build Islamic banking institutionsAustralian rich want to stripmine a lil off the top! |
| By Anonymous, 02-21-10, 01:28 PM |
| Plezzzzz say NO THANKS.
When you deposit the money into Australia’s banking system, you are prolonging and extending the life of a dying monetary system of the anglo-american jewish banking oligarchs. They are going to use this money to fund the US military’s bombing of nations around the world.
Plzzz say NO. |
| By Anonymous, 02-21-10, 09:31 PM |
Australian Government also spends on charityFunny how the complainers forget the 5 Billion dollars given to the Indonesian Government to help repair Ache after the natural disaster there! A Muslim country too! Australia and all western countries are in Haiti and anywhere we can help.. What are the rich muslims countries doing? paying for wars in somalia, africa, afgahanistan, Israel and more.. Plzz take your precious money and KEEP IT. |
| By Anonymous, 02-22-10, 02:51 PM |
Western countries are better than arab muslims countriesright, at least western countries help disasters while arab and muslims countries creates war any where, including waging war to america that cused the war in afghanistan and iraq for the aftermath |
| By Anonymous, 02-22-10, 04:22 PM |
| Yes, Australian government spends on charity. Everybody please stand up and show appreciation to the WEST because we are BETTER.
Of course, there were/are natural disasters but you can blame the man named Nikola Tesla for his ingenuity.
But what do you call it when someone created the UNNATURAL DISASTERS in these countries and called them NATURAL (earthquake, typhoons, hurricanes, etcetera) using high-energy beam weapon called HAARP based in Gakona, Alaska (actually the microwave towers used for mobile phones worldwide have their roles as well but I have no time to elaborate because I need a vacation you know) and then come in to say: YES, WE LOVE YOU WE CARE FOR YOU. HERE IS THE MONEY. SEE, WE CARE FOR YOU. SO NOW WHAT WILL YOU DO TO RESPOND TO OUR KINDNESS? HOW ABOUT SELL OUT YOUR COUNTRY TO US? WE WANT YOUR OIL. WE WANT YOUR NATURAL GAS. WE WANT YOUR NATURAL RESOURCES. WE WANT YOUR BANANAS (DOLE) AS WELL. DON’T SAY NO. IF YOU DO, WE WILL DELIVER YOU MORE EARTHQUAKES AND MORE TYPHOONS AND THEN WE WILL COME AGAIN TO SHOW YOU WE ARE VERY NICE PEOPLE BY OFFERING YOU MORE OF OUR FREE FIAT MONEY. OH, IT DOES NOT MATTER YOU BUNCH OF SUCKERS, MORONS. YOU JUST DON’T GET IT! WE ARE SCREWING YOU AND YOU DON’T KNOW AND YOU THANKED US. WELL, THAT IS GREAT!
What is the meaning of WESTERN COUNTRIES? Western countries mean countries where the governments are OWNED by the Jewish banking oligarchs PRECISELY THE MASONS. The MASONS OWNED THE COUNTRIES OF EUROPE, US, UK, AUSTRALIA, NEW ZEALAND AND EVEN SOME COUNTRIES IN SOUTH AMERICA through intimidation and criminal activities.
Oh, yes I know. You are going to call me a NUT. It is predictable so I will not be offended. |
| By DaveB, 02-22-10, 05:52 PM |
| Islamic banking = Sharia banking. If you don’t know what Sharia is, then I strongly suggest that you educate yourself, for all our sakes. |
| By abdel dimapunong, 03-14-10, 05:11 PM |
the australian embassy in Philippines extends financial aids.the Australian Embassy in Philippines extends financial aid called direct assistance. thanks to Australian Government. |
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