www.abc.net.au - ELEANOR HALL: The Federal Government has been told the answer to overcoming the lack of infrastructure investment in Australia could be Islamic finance.
It's a system of banking which uses joint ventures, profit sharing and leasing to get around the Islamic prohibition on charging interest.
The head of Australia's first Islamic finance company says a potential investment boom is being stymied by barriers to Islamic finance in Australia. (source)
Showing posts with label government. Show all posts
Showing posts with label government. Show all posts
Thursday, April 19, 2012
Wednesday, August 18, 2010
SUKUK - ISLAMIC HAJ FUND - Indonesia sells 2.9 trln rph sukuk to Haj Fund
JAKARTA, Aug 9 (Reuters) - Indonesia's finance ministry has sold 2.855 trillion rupiah of government sukuk to the state-managed Islamic Haj Fund through a private placement on Monday, and will use the proceeds to fund the budget deficit.
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