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Souk in the city: a market for Islamic finance

Published on 01 Mar 11 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

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 a Senior Tax Manager with Ernst & Young.
Current at November 2008 Current at 10 November 2008 Click here to expand/collapse more articles by Tasha CHUA.
 

 

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