Date: March 2020
Speakers: 20 Speakers
ABOUT THE FORUM
Australia’s economic expansion over the last two decades and its lucrative real estate sector have attracted strong interest from Shariah investors from Southeast Asia and the Middle East. Malaysia’s Lembaga Tabung Haji is one of the biggest Islamic investors in the country with an increasing number of institutional investors from the GCC also eyeing a slice of the Australian property pie.
IFN is excited to be back in Australia once again with the country being home to a growing number of Shariah compliant investment funds that are predicted to grow to US$2 billion by 2020. Australia’s largest banks are also taking steps to design Shariah-friendly products to cater to this growing market.
Last Visit to Sydney
Following up on a hugely successful return in 2018, IFN is excited to be back in Australia once again as interest Down Under swells and Shariah investment flows increase.
The country may still be lacking in dedicated Islamic finance laws; however, its stability, as proven by its unbroken record of continued economic expansion over the last 27 years and lucrative real estate sector, has attracted strong interest from Shariah investors from Southeast Asia and the Middle East. Malaysia’s Lembaga Tabung Haji is one of the biggest Islamic investors into the country but more institutional investors from the likes of the UAE and Saudi Arabia are also eyeing a slice of the Australian property pie.
The Shariah rush into the Australian property market may be relatively recent; however, the buildup for Islamic investments has long been in the making on the domestic front. Housing the largest funds under management in the world after the US and Luxembourg, Australia is home to a growing number of Shariah compliant investment funds; experts forecast the Islamic investment fund industry to grow up to US$22 billion by 2020. Shariah compliant mortgages continue to gain positive traction so much so that Australia’s largest banks are also designing Muslim-friendly products to cater to this burgeoning market.
In the backdrop of rising local and international demand for Islamic financial products and proactive measures by market participants – both domestic and foreign – to meet this demand, IFN is proud to be returning to Australia to host regulators, senior industry players and key stakeholders to explore and engage in construction discourse on Australia’s Islamic finance sector.
The vast majority of speakers were very informative and professional.
A good event, well organized.
An excellent event. We had a positive experience at the 5th IFN Australia Forum with good participation.