Islamic Finance has promised to be the ‘next big thing’ for over two decades. But despite growing in leaps and bounds in many countries it still represents only a small segment of any market and has only just arrived in Australia.
Mr Talal Yassine OAM, ANU Honorary Professorial Fellow and Managing Director of Islamic finance company Crescent Wealth presents this seminar at ANU Crawford School of Public Policy. Crescent Wealth is a funds management company that invests in socially responsible assets based on Islamic investment principles. But what does Islamic finance actually mean? Can it be used as an antidote to some of the worst excesses of ‘unfettered free market capitalism’? What does its application mean for politicians, policymakers and Australia in the region?
Mr Yassine discusses the opportunities, strengths and the challenges of using the Islamic finance principles to conduct business, and how to potentially build an Australia and Asia Islamic finance hub. He looks at how Australia and Asia could follow in the footsteps of the west coast of the United States by becoming the ‘home grown’ centre of the world’s best performing Islamic fund manager or the United Kingdom by being the home to more than 30 Islamic Banks.
Talal Yassine is an experienced lawyer, banker and non-executive director. He currently serves on the Board of Australia Post, Sydney Ports, the Whitlam Institute and as Deputy Chairman of the Gulf Australia Business Council. He has also served on the Board of Macquarie University, as the Deputy Chairman of a government regulator, and as Chairman for Platinum Sound Pty Ltd. On Australia Day 2010, Mr Yassine was awarded a Medal of the Order of Australia (OAM) for his service to business and to the community through a range of education, health and multicultural organisations.
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