Islamic Banking in Australia: Challenges and Opportunities

Mirza, Malik & Halabi, Abdel (2003) Islamic Banking in Australia: Challenges and Opportunities. Journal of Muslim Minority Affairs, 23(2), pp. 347-359.

PDF (73kB)

View at publisher


Muslims are one of the many minorities in Australia. In this paper we report on Muslim community's reasons for discomfort with the use of the Western financial system and describe the alternative to it that has come to be known as "Islamic banking". One of the major differences between the Western and the Islamic financial systems is the use of interest (riba) which is the very foundation of the Western financial system but prohibited under the Islamic rulings governing permissible financial transactions. In this paper we will describe the activities and operations of the Islamic financial institutions and discuss why riba-free banking is likely to flourish in Australia in the future.

Impact and interest:

Search Google Scholar™

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

4,713 since deposited on 27 Sep 2006
271 in the past twelve months

Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 5055
Item Type: Journal Article
Refereed: Yes
Keywords: Muslim Minorities, Islamic Banking, Riba, Banking in Australia
DOI: 10.1080/1360200032000140017
ISSN: 1469-9591
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2003 Taylor & Francis
Copyright Statement: First published in Journal of Muslim Minority Affairs 23(2):pp. 347-359.
Deposited On: 27 Sep 2006 00:00
Last Modified: 05 Jan 2011 13:27

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page