Company Information

Get to know Islamic Bank Australia

Islamic Bank Australia (IBA) is Australia's first licensed Islamic bank, operating under the regulatory oversight of the Australian Prudential Regulation Authority (APRA). The bank was founded to meet the needs of Australia's Muslim community by providing financial products that are compliant with Islamic principles, primarily avoiding the use of interest (Riba). After receiving a Restricted Authorised Deposit-taking Institution (RADI) licence in 2022, IBA was granted a full, unrestricted ADI licence in 2024, allowing it to operate as a full-service bank. Its mission is to offer ethical, community-focused banking solutions, including everyday accounts, savings, and home financing (Ijarah), to all Australians seeking a values-based alternative.

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Financial Other Service

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Islamic Bank Australia

Australia

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.