Islamic finance and banking have experienced significant growth in recent years, offering ethical and sustainable financial solutions to a diverse clientele. The global Islamic finance market reached US$4 trillion in assets in 2021 and is projected to grow to an estimated US$5.9 trillion by 2026. This growth highlights the importance of ensuring that the Australian taxation and legal framework is equipped to support the unique characteristics of Islamic finance and address the needs of its growing customer base. Stemming from high-level industry and policy discussions held during the ANU's first Workshop on the Study of Islamic and Middle Eastern Economies in December 2022, this Symposium aimed to address the challenges and opportunities surrounding the taxation and legal framework of Islamic finance products, which have been identified as a considerable obstacle towards the effective adoption of Islamic finance in Australia. The symposium engaged stakeholders from various sectors, including industry practitioners, federal government members, taxation experts, Islamic finance scholars and academics, and other business and policy stakeholders.