Shariah compliant financial activities in Australia remain concentrated in limited sectors. The two most commonly accessed products are Islamic Superannuation (Pension) funds and residential home loans. However, there is significant attention given to the property sector and infrastructure financing which is a considerable progress in the region.
The accelerating rate of technological change combined with shifting customer preferences is having dramatic implications for the ways in which financial services are structured, delivered and consumed. Islamic finance should leverage on the fintech opportunities to boost growth