Amanah Welcomes Major Government Announcement on Islamic Finance

Amanah is very pleased to have played a major role in a key Government announcement on Islamic finance. On 3rd May 2016, as part of its Federal Budget, the Government announced its intention to give equal tax treatment to a number of Islamic finance arrangements. This announcement dates back to the work of the Board of Taxation’s review of Islamic finance in 2010. One of Amanah’s co-founders, Asad Ansari, was appointed to the key expert panel of that review, and the recent budget announcement seeks to implement many of the recommendations that were handed down in that review : BOT-Report-Tax-Treatment-Islamic-Finance.pdf

The founders of Amanah have had a long standing history to the development of the Australian Islamic finance industry and are committed to its continued growth.