National Australia Bank this month helped fund a A$160 million(US$114 million) property purchase in Brisbane, its third Islamic financing transaction since August. Photo: EPANational Australia Bank this month helped fund a A$160 million(US$114 million) property purchase in Brisbane, its third Islamic financing transaction since August. Photo: EPA
National Australia Bank this month helped fund a A$160 million(US$114 million) property purchase in Brisbane, its third Islamic financing transaction since August. Photo: EPA
Property /  International

Australia sees nascent growth in Islamic finance despite tax concerns

National Australia Bank completes three deals while unit of Malaysian pilgrim fund also active in the country

Topic |   Jones Lang LaSalle's International Property
Reuters
Reuters

Updated: 2:54pm, 20 Jul, 2018

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National Australia Bank this month helped fund a A$160 million(US$114 million) property purchase in Brisbane, its third Islamic financing transaction since August. Photo: EPANational Australia Bank this month helped fund a A$160 million(US$114 million) property purchase in Brisbane, its third Islamic financing transaction since August. Photo: EPA
National Australia Bank this month helped fund a A$160 million(US$114 million) property purchase in Brisbane, its third Islamic financing transaction since August. Photo: EPA
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