Abstract

http://ssrn.com/abstract=2026700
 


 



Accommodating Islamic Banking and Finance in Australia


Salim Farrar


University of Sydney - Faculty of Law

March 20, 2012

University of New South Wales Law Journal, Vol. 34, No. 1, pp. 413-442, 2011
Sydney Law School Research Paper No. 12/15

Abstract:     
Islamic banking and finance is still at the embryonic stage in Australia. There have been uncertainties as to how and to what extent the systems of governance at State and Federal levels should adapt in light of the difficulties faced by both local Islamic finance service providers and potential Islamic investors from overseas looking to invest their petrodollars in Australia. This paper takes a contextual and critical look at the current regulatory framework with special focus on taxation and prudential standards, and explores the need and possibilities for reform.

Number of Pages in PDF File: 31

Keywords: Islamic banking, finance, regulatory framework, taxation, prudential standards ‘level playing field’

JEL Classification: K10, K22, K30, K34

Accepted Paper Series


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Date posted: March 24, 2012  

Suggested Citation

Farrar, Salim, Accommodating Islamic Banking and Finance in Australia (March 20, 2012). University of New South Wales Law Journal, Vol. 34, No. 1, pp. 413-442, 2011; Sydney Law School Research Paper No. 12/15. Available at SSRN: http://ssrn.com/abstract=2026700

Contact Information

Salim Farrar (Contact Author)
University of Sydney - Faculty of Law ( email )
Faculty of Law Building, F10
The University of Sydney
Sydney, NSW 2006
Australia
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