Australia's first Islamic bank | $400M for green commodities | Spooky: Oil price drops

Published: July 7, 2022, 7 p.m.

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Islamic Bank Australia has become Australia\\u2019s first Sharia-law-compliant bank after the banking regulators granted the company a restricted banking licence.

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Xpansiv - a half-Aussie global environmental commodities exchange - just received $400 million USD from one of the largest private equity firms in the world.

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Oil prices have dropped below US$100 a barrel for the first time in nearly two months - as investors get a \\u2018lil spooked about the possibility of a recession.

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