Is Islamic finance important to the Australian economy?

On the 31st July 2015, and according to fi gures published by the World Federation of Exchanges, the size of the Australian domestic equity market capitalization (companies admitt ed to listing only) was US$1.23 trillion, which is 1.96% of the global domestic equity market capitalization of US$62.8 trillion. On the other hand, the global Islamic fi nance industry assets in 28 diff erent jurisdictions were estimated to be worth US$1.85 trillion or 2.95% of the global domestic market capitalization