NAB set to join rush for Islamic cash

The legacy of  KRudd buddy Ahmed Fahur.

Sharia Finance, Sharia Law

CAROLINE HENSHAW /THE AUSTRALIAN

GROWING appetite for Islamic finance is spurring both large and small Australian financials to boost their offering of sharia-compliant fixed-income assets, the head of the country’s first Islamic wealth manager said.

National Australia Bank is considering selling up to $US500 million ($482m) in Islamic bonds in what would be the country’s first issuance of sharia-compliant debt securities.

When was the last time you heard one of our politicians say those who want to live under sharia should bugger off? 

2 thoughts on “NAB set to join rush for Islamic cash”

  1. Some years ago the head of the NAB was a Muslim. Don’t know if he still is. O’Farrell in NSW has borrowed heavily from sharia compliant banks in the gulf states.

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