Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
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Comments on this article
Comments PolicyIt doesn't seem that there are any Islamic economies more powerful than ours, so perhaps there socialist style Sharia finance is not as good as you make out. Perhaps we should also adopt Sharia into our legal system? (See Fanning Islamic finance flames, November 4).
Bullseye! Well said. (See Fanning Islamic finance flames, November 4.)
Cory Bernardi's attack on anything Islamic is predictable. The subsequent silence from both opposition and government politicians should also have been expected. Democracy can be a wonderful ideal but the downside is that it allows Crusader Cory and his ilk to make statements that are highly embarrassing and appear to have the tacit support of the Australian government.
I used to think "Western values" was when you worked hard, saved your money and were rewarded with interest. But my savings have been undermined by government created inflation then tax on interest and bank shareholder franked dividends.
I'm one westerner who will look at Sharia finance as a real banking alternative (See Fanning Islamic finance flames, November 4).