... 5.4% in 1991 to around 9.75% in 1995, a return which is much higher than fixed rate of return offered by interest-based banks. In an interview conducted in October 1994, Peter Moody of the Australian Taxation Office summed up the activities and purposes of MCCA as follows: 1- A place for the advancement of the principles of the Muslim faith, and the evolution of ... ...

• Word Count: 3690
• Approx Pages: 15
• Grade Level: Undergraduate