Showing posts with label POLITICS. Show all posts
Showing posts with label POLITICS. Show all posts

Friday, November 5, 2010

Australian Senator Seeks to Block Shariah-Compliant Finance Tax Law Reforms

Australian Senator Seeks to Block Shariah-Compliant Finance Tax Law Reforms 

An Australian lawmaker has urged fellow members of parliament to block legislation that would allow financial products that met the Islamic banking principle prohibiting the payment and collection of interest.

Liberal Party Senator Cory Bernardi (pictured) said on Tuesday that sharia-compliant financial services are incompatible with the Australian and way of life as he called on his Senate colleagues to check on any further expansion of the financial products.
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