FAQ

There is no waiting list for Islamic Finance applications.

Yes, We Offer Refinancing. Contact Us Or Reach out to one of our financial consultants.

• 10% for Residential Property
• 10% for joint Land & Construction
• 20% for Low Doc Residential
• 25% for Rural Property
• 25% for Commercial Property
• 25% for Commercial Property Low Doc
• 50% for Vacant Land Only

Islamic Finance operates on a lease-to-own basis, known as Ijarah Muntahiya Bil Tamleek, facilitating the acquisition of assets while adhering to Sharia principles.

Islamic Finance offers a 'lease-to-own' model, approved by Islamic scholars, ensuring compliance with Sharia principles.

You will sign one contract between you and the financier, incorporating the Ijarah Muntahiya Bil Tamleek components.

Your consultant will guide you on the necessary documents based on your circumstances.

Yes, Islamic Finance contracts are certified as Sharia-compliant by Financial Shariah Advisory and Consultancy (FSAC), an independent firm specializing in Islamic financial contract certification.

Our board members possess expertise in Sharia finance and conventional finance, ensuring comprehensive understanding and compliance with both systems.

Islamic Finance operates on Rental-Based Finance Contracts, tailored to provide non-interest-based solutions for property and asset purchases.

Funders include various Australian financial institutions, including banks, non-bank lenders, and private equity firms.

Funders do not need to be Islamic entities, but contracts must comply with Sharia principles

Rate changes are at the discretion of funders and are influenced by economic factors, with full disclosure provided to customers.

Rate changes are common across all transactions, provided they are disclosed transparently, enabling informed decisions.

The Index Percentage, or Rental Rate, is the margin used by funders in calculating payments for Rental-Based Finance Contracts.

Halal Loans generates profit through rental payments, avoiding interest-based transactions.

Rental-based contracts involve paying rent for asset use, while interest-based contracts involve money-on-money transactions.

Typically, the first payment is due one month after settlement, with variations depending on the contract.

Extra repayments may be possible, subject to contract terms and asset type.

Penalties may apply for defaults, covering administrative costs and legal procedures.

Yes, the property can be sold, subject to settling the funder's interests.

Yes, provided the funder's interests are settled.

The financier discharges the property to the client for a nominal fee.

Yes, with the contract stipulating custodianship on behalf of the funder until full payment.

Rental Rates can be fixed or variable, based on customer choice and contract availability.