As Australia’s first Islamic Bank, we are proud that our products will bring financial inclusion to thousands of Muslim Australians, as well as provide an ethical choice in banking for all Australians. As consumers, we are increasingly demanding ethical products in all aspects of our lives, including in the banking products we choose.
It’s often easy in the corporate world to forget that consumers are more than potential sales to be acquired, but people with their own sets of values and ethics. We not only want ethical products, but ethical employers where we feel we don’t have to compromise on the things that are important to us in order to earn a living. Even better, we want to work for employers where we can make a difference and be ourselves.
The findings of the Banking Royal Commission showed banks can go wrong when doing what is right comes second to personal and organisation gain. While every organisation has financial imperatives, organisations like Islamic Bank Australia that build a risk-aware culture that is founded on ethical values operate under the principle that ethical behaviour is fundamental to success.
We have set four values to guide us as we bring to market Australia’s first Islamic bank and ethical banking choices.