Interest runs the financial world, but it’s banned under Islamic law. In this comic explainer, Mamiza Haq explains how Islamic finance works and the problems arising as the conventional and Islamic finance worlds collide.
- Senior Lecturer in Banking and Finance, The University of Queensland
Australia’s big four banks are managing risk well, this could be contributing to their strong performance.
Islamic banks are more risk averse than conventional banks in terms of capital and mobilising funds.
First home buyers looking to break into the housing market are turning to their parents, but it’s not a risk-free proposition for either party.
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