One of the WSJ’s blogs (Deal Journal Australia) for November 20 called Islamic finance in Australia a ‘mirage’ on the basis that the Big Four banks are not presenting retail Islamic finance products to the Australian Muslim population (estimated to be around 350,000 people).
The article doesn't present the main point , which is that Australia has a vast amount to offer the world in terms of a wide palette of investment banking activities – fund management, Sukuk issuance, and Shari’ah compliant PPPs.