NAB and Shari’a finance.
An examination of the discriminatory practices of the National Australia Bank (NAB)
Introduction
A report on ABC’s Lateline program has brought to the fore something which I have been talking about recently: Islamic finance coming to Australia. According to Ali Moore, Islamic banking is one of the fastest growing sectors in finance, fueled by petro-dollars and with Australia being near the hub of Islamic banking for the Asia-Pacific – Malaysia, there seems to be growing pressure on Australian financial institutions to cash in on the “halal dollar”.
