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Australia’s First Islamic Bank Has Been Licensed

Australia to open its first Islamic bank for business, a significant step forward for the country's 800,000 Muslim population
Islamic Bank Australia will offer a range of services to Muslim customers, including home financing, savings and daily accounts.
It will run a test run with a small number of clients before going public, with 8,000 people already on the waiting list.
Islamic Bank Australia has been granted a limited license by the Australian Prudential Regulation Authority


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