LIFESTYLE 20
AMUST
UMMAH 21 - 25
EDUCATION 26 - 27
BUSINESS 28 - 29
SOCIAL 30 - 31
AUSTRALASIAN MUSLIM TIMES
www.amust.com.au ISSUE # 177
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Multicultural News & Views
AUGUST 2020; DHUL HAJJ 1441
HOPE to engage seniors under isolation COMMUNITY PAGE 9
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PH: (02) 9158 3020
CEO at 22: How Khalef built an empire
FEATURE PAGES 16 - 17
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Digital Newspaper Available
EMAIL: INFO@AMUST.COM.AU
1 year since lockdown: Stand with Kashmir UMMAH PAGE 25
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EID MUBARAK
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from AMUST Enjoy Eid-Ul-Adha celebrations. Stay safe! EDUCATION PAGE 27
Australia’s first Islamic bank is coming very soon Zia Ahmad Australia’s first Islamic bank is moving closer to reality with the launch of a waiting list allowing customers to register their interest in joining when the bank is launched. The IBA project has been progressing for a number of years, but in 2020 has accelerated significantly with staff and a full board appointed. IBA has applied for a banking licence from APRA, and is hoping to be granted their first restricted licence around the end of this year. IBA will be aiming to launch in 2021. The bank will offer a range of personal and business accounts, including everyday bank accounts, savings and home finance – all 100% Shari’ah-compliant. By nature it will be an ethical bank. IBA will offer a full suite of Shari’ah-compliant banking products: • Everyday bank accounts with a debit card and digital banking. • Wakala Investment savings accounts,
such as investment term deposits offering profit-share returns.
• Home finance using the Murabahan Mutlaqah mode of Islamic finance (i.e.
cost plus profit, with a deferred payment facility). • Personal finance, such as car finance, home extensions and renovations. • Business accounts and finance (from 2022 onwards). Ethical banking IBA will not bank or deal with haram (prohibited) products, services and industries. Alcohol, pornography, gambling, arms dealings, tobacco and harm to the environment are examples of such prohibitions. Shari’ah compliance guarantee Under the IBA Constitution, all products and services must pass through Shari’ah approval first. To guard against risks, the Chair of the Shari’ah Audit Executives (SAE) serves as a permanent member of the IBA Board. IBA is not yet a bank. When they are granted their banking licence, IBA’s name will become “Islamic Bank Australia” to reflect their place in the community. Customers can join the waiting list by visiting ibagroup.com.au Continued on page 11.
Report blames AMUST International Hindutva leaders for Webinar reaches out February Delhi riots to a global audience Zia Ahmad
Zia Ahmad The Delhi Minorities Commission (DMC) held a press conference on Thursday 16 July after submission of four reports to the Chief Minister and Governor including the fact finding report on Delhi communal riots during 23-27 February 2020, blaming the BJP politicians of incitement to violence and their armed mobs of planned, organised and targeted attacks on CAA protestors, mosques and residences of the Muslim minority com-
munity in North East Delhi together with police complicity. The 130-page report is an exhaustive account of the origins and causes of the violence, damage to properties including religious places, as well as recommendations to form an independent judicial committee to oversee prompt registration of FIRs by Delhi Police, probe complicity, charge the instigators of the riots, order release of innocent people from police custody and ensure compensation for the victims of the riot. Continued on page 21
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AMUST marked its 7th year of publication by holding a highly successful International Webinar titled “One Voice for One Ummah” on Sunday 19 July 2020, addressed by a diverse global panel of speakers and attended by a worldwide audience, in order to reach out and collaborate with similar community media efforts as well as launch three new services namely AMUST International magazine, AMUST TV and AMUST Global network. The aim of the webinar was to link the community based Muslim Media initiatives to learn from each other, cooperate and strengthen each other’s efforts by credible communication and sharing of expertise, skills and rich experience.
The webinar showcased a diverse group of speakers, journalists and thinkers from a number of countries who presented their ideas in brief reflections and then took part in a live Q&A session tackling questions from an international audience. AMUST is a multicultural multimedia news platform, originally established in January 1991 and then restarted in July 2014, run by Seena Incorporated, a not for profit organisation from Sydney, Australia. Currently AMUST is a community based media platform largely catering for Australia & New Zealand region, but now aims to broaden its horizon further to include global issues and strengthen its world wide reach. Continued on page 11
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