Posts Tagged ‘sharia banking’

It depends which side of the table you are on...

I was wanting very much to write something about the proposed changes to Australian tax law in regard to Islamic banks but I know I am not going to find the time the time this week.

Suffice to say that I heard an interview on our Local ABC with someone who was dead against it because ‘it is not part of our way of life.  It does not reflect Australia values’.  Mind you, I wanted to get the transcript so I could quote this bloke accurately but I couldn’t find it. They said it was available, unfortunately not though.

Anyway, he was on about the fact that an Islamic Bank did not charge interest and this was one of the things he said was ‘not reflective of Australian values’.   (more…)