CPA Australia – Accommodating Islamic finance critical to Australia’s economic future


Australian tax laws should be amended to attract Islamic finance and other forms of alternative finance to benefit the economy, says CPA Australia. In a submission to the Board of Taxation, CPA Australia says Islamic Finance will ultimately boost the Australian economy and help establish Australia as a financial services hub in the Asia-Pacific region. … Continue reading CPA Australia – Accommodating Islamic finance critical to Australia’s economic future

Banking on the ummah – Malaysia leads the charge in Islamic finance


OF MALAYSIA’S claims to fame, leadership in financial services is not an obvious one. Yet in some ways the country is the world’s most important Islamic-finance centre. Just over a fifth of the country’s banking system, by assets, is sharia-compliant; the average for Muslim countries is more like 12%, and often a lot less. Malaysia … Continue reading Banking on the ummah – Malaysia leads the charge in Islamic finance

Malaysia hailed as most vital Islamic-finance hub


KUALA LUMPUR: Malaysia is the world's most important Islamic-finance centre, although the richer Gulf states and Saudi Arabia have bigger Islamic banks and Indonesia the largest Muslim population, influential financial news magazine The Economist says. Malaysia also dominates the global market for sukuk, or Islamic bonds, the magazine said in an article headlined Banking on … Continue reading Malaysia hailed as most vital Islamic-finance hub

Islam and Development


By Sheikh 'Atiyya Saqr Islam is a religion that calls upon all its adherents to adopt modern ideas and technologies that can improve life, as long as they are within the limits set out by Islam. Development, that is, change into a better form, is an innate inclination toward material and moral perfection. First of … Continue reading Islam and Development

An Islamic Approach to Business Ethics


What is Ethics? Ethics may be defined as the set of moral principles that distinguish what is right from what is wrong. Ethics has a twofold objective: it evaluates human practices by calling upon moral standards; also it may give prescriptive advice on how to act morally in a given situation. Ethics, therefore, aims to … Continue reading An Islamic Approach to Business Ethics