Islamic Bank Australia logo

1300 ISLAMIC (1300 475 264)

Values Based Organisations

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.

Our team is committed to bringing these to life in everything we do –how we make decisions, how we work together, how we acquire and service customers, and also who we hire. Ethical banking products and inclusive workplaces are created by people whose deeply held personal values align, where the commitment to doing the right thing is mutual. 
 
As we move through our restricted banking licence period, we will continue to grow our team.
 
If you think our values align with yours and are interested in joining our team, we would love to hear from you.

Breaking news and tips to help you

Uncategorized
Dean Gillespie

Starting a bank is hard

One of the questions that we get asked the most at Islamic Bank Australia is “when will you publicly launch?”. It’s a very valid question

Read More »
Uncategorized
Dean Gillespie

Choice in Banking

In life, choice is important – this includes choice in banking also especially when banking is not only about finances but also about what believe

Read More »
Uncategorized
Dean Gillespie

Digital Banking Technology

Digital First experiences in banking brings together the innovation and capabilities of the latest technologies.  Islamic Bank Australia is leading the way with its Shariah

Read More »

We're not open for business yet. We're a "Restricted ADI" which allows us to build our systems and test our products before we launch to the general public. You can join our waiting list below!

Join our waiting list and we'll let you know the moment we're ready.

By clicking below, you agree to the terms of our Privacy Policy. We’ll keep you updated, but you can unsubscribe anytime.

ABOUT   CONTACT   CAREERS   FAQ

Important regulatory notice

We hold a restricted ADI authorisation granted by the Australian Prudential Regulation Authority (APRA). This authorisation allows us to offer banking services, but is subject to certain restrictions such as a cap on the amount of deposits that we can hold in total. The purpose of the “restricted” status is that we can test our systems and processes before launching as a fully unrestricted bank.

We do not currently meet the full prudential framework and/or requirements, and you should consider this before depositing funds with us. After the completion of our “restricted” phase, we plan to obtain APRA’s approval so that we can publicly launch.

Acknowledgement of Country

We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank.  Our corporate head office is in Darug Country. We pay our respects to Elders past, present and emerging.   

Important regulatory notice

We hold a restricted ADI authorisation granted by the Australian Prudential Regulation Authority (APRA). This authorisation allows us to offer banking services, but is subject to certain restrictions such as a cap on the amount of deposits that we can hold in total. The purpose of the “restricted” status is that we can test our systems and processes before launching as a fully unrestricted bank.

We do not currently meet the full prudential framework and/or requirements, and you should consider this before depositing funds with us. After the completion of our “restricted” phase, we plan to obtain APRA’s approval so that we can publicly launch.

Acknowledgement of Country

We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank. Our corporate head office is in Darug Country.  We pay our respects to Elders past, present and emerging.   

Copyright © Islamic Bank Australia (a division of IBA Group Pty Ltd ABN 37 609 971 280). Our AFSL and ACL is currently being processed by ASIC.

Information on this website does not take your personal circumstances, needs or objectives into account. Please consider its appropriateness for you.   We are not yet open for business.  We are a Restricted ADI and do not yet meet the full prudential framework, and you should consider this before banking with us once we are open for business.  Fees and charges may apply, as well as terms and conditions which you should review. Information on this website is subject to change. In order to open a credit product in future, you will need to meet our credit criteria and be approved.  Please review the product disclosure documentation provided at the time of opening your account for detailed information.  Target Market Determinations for products are available upon request.