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

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

What the Flux · Flux

July 7, 20225m 55s

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Show Notes

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

 

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

 

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

 

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