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Souk in the city: a market for Islamic finance


Australia's stable government and legal framework would prove attractive to any investor seeking a platform to launch investment into the Asia-Pacific region. Further, Australia, with its vast mineral resources and regular need for infrastructure financing, also presents investment opportunities for Islamic finance. In this regard, this article seeks to explore whether Australia as a financial services hub could function effectively for Islamic financial products and what Australia will need to do to lead the market in the region as a global financial services hub. In addition, this article also looks at the Australian tax treatment of common Islamic financial products under the existing law.

Author profile:

Tasha Chua
Tasha is an Executive Director in the Transaction Tax Group of Ernst & Young’s taxation practice. Prior to re-joining Ernst & Young in 2006, Tasha was a Senior Associate in the Taxation Group of a large Sydney law firm. Tasha has over 8 years of experience in providing income tax, capital gains tax, and international taxation advice and tax compliance services to a variety of large domestic and multinational corporations with particular expertise in relation to private equity, funds management and the international tax aspects of cross border transactions. Current at 18 July 2011 Click here to expand/collapse more articles by Tasha CHUA.
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