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1300 ISLAMIC (1300 475 264)

Ramanathan Karuppiah

Director

Ramanathan is a director of Islamic Bank Australia and brings wealth of knowledge in the risk and financial crime space to the board. He is a fellow of Institute of Public Accountants of Australia, Fellow of Institute of Financial Accountants of United Kingdom and Fellow of International Compliance Association of United Kingdom.

Ramanathan is the CEO of Fly Wallet, one of Australia’s most exciting new payment businesses.

He is an experienced consultant and an Auditor in the Anti-Money Laundering and Counter Terrorism Financing space and has led engagements with a raft of financial services organisations. He is a certified Anti-Money Laundering Auditor (CAMS-Audit) from the Association of Certified Money Laundering Specialists of the USA. He is currently pursuing doctoral research on Anti-Money Laundering and Counter Terrorism Financing.

Brisbane-based, Ramanathan is excited to be involved in the Islamic Bank Australia story and is committed to ensuring that our business adheres to the highest standards of risk management and corporate governance. He has multi-lingual proficiency and can communicate in Tamil, English, Arabic, Urdu, Hindi, Telugu and Malayalam.

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.

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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.