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Business and finances newsBusiness and finances news. Australia sees nascent growth in islamic finance despite tax concerns. Still, interest is strong. TH Properties Sdn Bhd, a unit of Malaysia's pilgrims fund Tabung Haji, completed a A$220 million Sydney development in November helped by A$96 million in financing from Maybank Islamic Bank. It also has more Australian projects in the pipeline with a gross development value of A$800 million, including a A$500 million residential project in Sydney.
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