Free Trial

Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

Australia opens to Islamic finance

12 February 2010

Australia’s Westpac is set to unveil a commodities-based Islamic finance product.

Read more: [Westpac Islamic finance product] [Australia Shariah-compliant investment]

Westpac is to unveil an interbank placement product suitable for Islamic institutions.

The Australian Trade Commission, Austrade, is unveiling a booklet entitled...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010