2 articles tagged “Apra”
813,000 Muslims, four decades of Islamic finance, zero Islamic banks. The capital problem, the regulatory reality and the one attempt that got within reach, explained without excuses.
A restricted licence granted in July 2022, $20 million raised, a BSB and SWIFT code built, and a voluntary handback in March 2024. The full account of Australia's nearest miss, and what survives it.