1st Edition

A Comparative Study of Islamic Finance in Australia and the UK

By Imran Lum Copyright 2022
296 Pages
by Routledge

296 Pages
by Routledge

296 Pages
by Routledge

This book provides valuable insights into the practical challenges faced by the nascent Islamic finance industry and compares the Australian experience to developments in the UK. It contributes to a greater understanding of how Muslims living as a minority in Australia and the UK negotiate Islamic doctrine in secular societies by focusing on one aspect of this negotiation, namely the prohibition... Read more

1. Introduction 2. Research methodology 3. Religious leaders’ interpretation of ribā and attitudes towards home loans, savings accounts and credit cards 4. Muslim professionals and university students’ interpretation of ribā and attitudes towards home loans, savings accounts and credit cards 5. Islamic banking and finance in Australia and the UK 6. Challenges of structuring Islamic finance products in Australia: a case study on ṣukūk bonds 7. Islamic banking and finance and identity 8. Islamic banking and finance and religiosity 9. Conclusion 10. Bibliography

Biography

Imran Lum is a Director of Islamic Finance at a major Australian bank and has worked on Islamic finance product development for over 10 years. He was appointed by the Foreign Minister to the Board of the Australia-ASEAN Council, Department of Foreign Affairs and Trade. Imran was ranked in the top 500 who make the Islamic Economy by ISLAMICA 500 for three years (2017–2019), and he was the 2019 Corporate Winner for the 40 Under 40 Most Influential Asian-Australians. Imran has a PhD in Islamic Studies from the University of Melbourne.