Home / yahya (page 3)

yahya

Islamic Bank Australia receives restricted license

On July 5, Islamic Bank Australia received its Restricted Authorized Deposit-taking Institution (Restricted ADI) license from the Australian Prudential Regulation Authority (APRA). The Restricted ADI which is a precursor to a completely developed ADI license only accepts up to AUS$2million ($1.35 million) in deposits. This license period can continue up …

Read More »