NAB set to join rush for Islamic cash

The legacy of  KRudd buddy Ahmed Fahur.

Sharia Finance, Sharia Law


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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