Anyone residing in Australia, whether an individual or a business, can apply for Halal Mortgages, Islamic Finance, Sharia Mortgages, and Islamic Car Finance. Our products are designed to be inclusive and accessible to those who seek Sharia-compliant financial solutions.

Typically, there is no waiting list to apply for Halal Mortgages or other Islamic financial products. We strive to process applications efficiently and promptly. However, during high demand periods, there may be a slight delay.

For Halal Mortgages, the required deposit is usually around 20% of the property's purchase price. This deposit ensures that both parties share the risk equitably, aligning with the principles of Sharia Mortgages.

The underlying method for our contracts is Ijarah Muntahiya Bil Tamleek, where the property is leased with an agreement that ownership will transfer to the lessee at the end of the lease period.

Yes, Ijarah Muntahiya Bil Tamleek is compliant with Shari’ah. This method is widely accepted and used in Islamic finance, ensuring all transactions remain within the bounds of Islamic law.

You will typically sign two agreements: a lease agreement (Ijarah) and a promise to transfer ownership at the end of the lease term. These agreements ensure that the terms are clear and Sharia-compliant.

Applicants need to provide:

• Proof of income (pay slips, tax returns)
• Identification documents (passport, driver's license)
• Details of the property or asset to be financed
• Any other documents relevant to the specific type of Islamic finance being applied for (e.g., car details for Islamic Car Finance)

Yes, our Ijarah contracts are certified by a qualified Shari’ah board to ensure full compliance with Islamic principles. This certification process is rigorous and ensures that our financial products meet the highest standards of Sharia compliance.

We use a Singaporean Shari’ah board due to their expertise and recognition in Islamic finance. They provide an external, unbiased certification that our products are fully compliant with Sharia law. For more information, you can visit AAOIFI.

We make money through profit-sharing and rental agreements rather than charging interest. In Halal Mortgages and Islamic Car Finance, for example, our profit comes from the agreed-upon profit rate or rental payments.

Our funders include Sharia-compliant financial institutions and ethical investors committed to supporting Islamic finance principles.

No, we do not pay interest to our funders. All our financing agreements are structured to comply with Sharia principles, avoiding riba (interest) completely.

Yes, to ensure full Sharia compliance, our funders must adhere to Islamic finance principles.

Funders may adjust their rates based on market conditions, but any changes must remain within the bounds of Sharia compliance and must be transparently communicated to all parties involved.

No, as long as the changes comply with Sharia principles and are transparently communicated, they remain compliant. Adjustments are typically related to profit rates rather than interest.

The index percentage is a benchmark used to calculate the profit or rental rates in Sharia-compliant financing. It ensures that rates are fair and market-related, yet compliant with Islamic principles.

Our profit comes from the rental payments or profit-sharing arrangements rather than interest. These methods are Sharia-compliant and ensure ethical earnings.

• Rental-Based Finance: Payments are made as rent rather than interest, with the ownership of the property transferring at the end of the lease.
• Interest-Based Finance: Payments include interest charges, which are prohibited in Islam.

Monthly payment installments begin after the lease agreement is signed and the property or asset is handed over to the lessee.

Yes, you can make extra voluntary repayments. This flexibility allows you to reduce your overall financial commitment and potentially own the property or asset sooner.

Penalties for late repayments or defaulting are handled in a way that complies with Sharia principles. Any charges imposed are not interest-based and are used for charitable purposes.

Yes, if you experience hardship, you can sell the property. The terms of the sale and the distribution of proceeds will be handled in accordance with Sharia principles.

Yes, you can sell the property before the finance period has ended. Any outstanding balance will need to be settled as per the agreement terms.

In a profit-sharing model, we may take a share of the profit or loss from the sale, ensuring the risk is shared equitably.

Yes, you can rent out the property, but this must be disclosed and agreed upon in the initial agreement to ensure compliance with Sharia principles.

The lessee is typically responsible for routine maintenance, while significant repairs and structural issues may be covered by the lessor, depending on the terms of the lease agreement.

Upon making the final payment, ownership of the property is transferred to you, completing the Ijarah agreement.

The property will be registered in your name once the final payment is made and ownership is transferred.

The rental rate can be either fixed or variable, depending on the agreement. Both types are structured to comply with Sharia principles.

Yes, you can apply even if you have a bad credit history. We assess each application on a case-by-case basis, considering your current financial situation and ability to make payments.