Islamic Bank Australia was originally founded by thirteen passionate Muslims who wanted to bring Islamic banking to Australia for the first time. With more than 3% of the Australian population of the Islamic faith, Shariah-compliant banking in Australia is long overdue. Our shareholders are these thirteen investors as well as Abreco Group, a UAE-based company who have been working to bring the dream to reality. We’re not open for business yet. We’re a “Restricted ADI” which allows us to build our systems and test our products before 5 July 2024. We then plan to obtain APRA approval to launch publicly.
We’re not open for business yet. We’re working hard to launch as soon as possible
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