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
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

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

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
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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