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1300 ISLAMIC (1300 475 264)

Zaffar Sathar

Chief Financial Officer

Zaffar Sathar joined us in August 2021 and brings wealth of Islamic finance experience.  Previously, he was the Director Financial Control at Islamic Development Bank, a multilateral financial institution rated AAA by all the three leading rating agencies.  Zaffar spent 18 years with the Islamic Development Bank, a strategic pillar of which is the promotion of Islamic finance globally. 

Zaffar obtained his finance & accounting experience from several global professional firms, Ernst & Young Sri Lanka, KPMG Jamaica, Accenture and Deloitte Consulting in Sydney, Australia.

His 30 plus years of experience spans Islamic finance, financial accounting & reporting, budgeting, capital markets, asset liability management and risk management. 

Zaffar holds professional memberships with the CPA Australia, CIMA UK and the Institute of Chartered Accountants in Sri Lanka.  He holds a BCom from University of Southern Queensland (Australia).

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.   

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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.