“We can be at that game,” he told ABC Television on Friday, adding that Australia was home to more than 300,000 Muslims.
Mr Crean is launching a study outlining opportunities for the financial services sector to tap into Islamic investment and banking markets.
Islamic law does not allow for a financial instrument to pay interest.
Mr Crean said that might require products that offered an exchange or profit-share arrangement.
The government wanted to create an environment in which Australia was more innovative.
“The big opportunity is in Islamic finance because there is a whole
population out there that is based on Islamic law.”
source : sbs