News

Australia and New Zealand: Emerging horizons in Islamic finance

The Islamic finance landscape in Australia is evolving, while New Zealand looks to make strides in the sector's development. With initiatives aimed at expanding Shariah compliant offerings, both countries are positioning themselves as key players in the global Islamic finance market. RADHIKA DAS provides an overview of the Islamic banking and finance industry in the two Australasian nations. Regulatory environment The Australian Prudential Regulation Authority (APRA) oversees the financial services industry in Australia.