Islamic Bank Australia logo

1300 ISLAMIC (1300 475 264)

Our promise is to bring you ethically designed products, delivered through cutting-edge 21st century digital technology.

We believe that banking can be better – and it all starts with a bank founded on rock solid ethics.

Who is Islamic Bank Australia?

Islamic Bank Australia was originally founded by thirteen passionate Muslims who wanted to bring Islamic banking to Australia for the first time.  With more than 3% of the Australian population of the Islamic faith, Shariah-compliant banking in Australia is long overdue.

Our shareholders are these thirteen investors as well as Abreco Group, a UAE-based company who have been working to bring the dream to reality.

Our business is led by Dean Gillespie as CEO, and our Chair is Anthony Wamsteker.  Both are incredibly experienced bankers who have operated at the most senior levels of Australian banking.  They are supported by a strong executive and board team, and globally recognised Shariah scholars.

Our company name is Islamic Bank Australia.  We’re based in Parramatta in Sydney, but we have staff and directors in WA, Victoria and Queensland too.

 

We’re not open for business yet.  We’re working hard to launch as soon as possible

We're not open for business yet. We're a "Restricted ADI" which allows us to build our systems and test our products before 5 July 2024. We then plan to obtain APRA approval to launch publicly.

Our Mission

To transform Australian banking with a​ digital-first, socially responsible bank that​
brings choice and inclusion to Australian Muslims.​

Our Board

Our Executives

Corporate information about us

We are registered in the Commonwealth of Australia by the Australian Securities and Investments Commission as Islamic Bank Australia.  You can find the online version of the register at http://www.abr.business.gov.au.  Our ABN 37 609 971 280.

Our principal place of business is at Level 14, 32 Smith Street, Darug Country, Parramatta NSW 2150, Australia.

You can contact us:

(a) by post, using the postal address given above;

(b) on this website using our contact form;

(c) by telephone, at 1300 ISLAMIC (1300 475 264); or

(d) by email, using help@islamicbank.au.

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.

Somewhere else?  Enter your postcode to see local prayer times:

Fajr

Dhuhr

Asr

Maghrib

Isha'a

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 ABN 37 609 971 280, AFSL and ACL 534355. AFCA member 76324.

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.