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The Board has completed its review of the taxation treatment of Islamic Finance and provided its report to the Assistant Treasurer.
On Friday NAB will officially launch sharia-compliant loans of over $5 million for commercial property and construction, the first of the Big Four banks to do so.
“The other challenge with the conventional bank is it’s not clear where the funding is coming from.
This avoids the use of interest or an interest rate which is impermissible in Islamic banking and finance.
Our car financing product gives you the chance to get your dream car to drive with your loved ones.
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