Islamic Finance for Property Investment in Australia: 10 Essential Tips Investing in Australian property using Islamic finance provides a Sharia-compliant path to building wealth. At Afiyah Finance, we offer financing solutions that avoid interest (riba), using models like Ijarah (leasing) and Musharakah (partnership). Here are 10 practical tips to ensure your property investment success. 1. […]

When considering Islamic finance options, it’s essential to understand the specific terms and conditions that govern halal loans, as these financial products are structured to comply with Sharia law while also adhering to all relevant Australian legal regulations. A thorough understanding of these key elements is crucial for ensuring that your financial arrangements are both […]

SMSF Islamic Loan in Australia: An Overview In Australia, Self-Managed Super Funds (SMSFs) offer a unique opportunity for individuals to take control of their superannuation investments, particularly in property. Afiyah provides an SMSF product that introduces an innovative Sharia-compliant solution for property investment, aligning with both Islamic finance principles and Australian superannuation laws. This comprehensive […]

The National Consumer Credit Protection Act 2009 (NCCP Act) establishes a framework for regulating consumer credit and ensuring responsible and transparent practices among credit providers. When it comes to Islamic finance, one common product is Ijara Muntahia-bi-tamleek (leasing), which must align with both Sharia law and the NCCP Act. Key Considerations for Ijara Muntahia-bi-tamleek (Leasing) […]

Superannuation is a pivotal element of retirement planning in Australia, designed to provide financial security for retirees. This compulsory scheme mandates that employers contribute a portion of their employees' earnings into superannuation accounts, fostering a culture of savings and investment that benefits individuals and the broader economy. Despite its strengths, the superannuation system faces several […]

Purchasing a home is one of the most significant decisions we make in our lives, involving not only financial considerations but also deep emotional and cognitive involvements. Drawing from the behavioural insights in Daniel Kahneman's Thinking, Fast and Slow, and deeply rooted Islamic teachings, this blog post offers a personalised exploration of how to navigate […]

Purchasing a home is more than just a financial transaction; it's an emotional journey filled with highs and lows. From the excitement of finding the perfect property to the disappointment of losing out on a bid, each step tests our patience, resilience, and faith. In Islam, this journey is seen as an opportunity for personal […]

In March 2024, Islamic Bank Australia made a significant decision that reverberated through the financial industry by choosing to relinquish its restricted banking licence to APRA. This move underscored the intricate challenges of raising sufficient capital within the current economic climate. Islamic Bank Australia: A Vision Interrupted In a surprising turn of events that has […]

In the heart of Australia, a financial revolution is quietly unfolding, offering a beacon of hope and inclusivity for those seeking to align their financial decisions with their ethical and religious values. Islamic finance in Australia is not just a niche market; it's a growing sector that presents a viable, interest-free alternative to conventional banking, […]

Introduction Islamic finance, a unique financial system that operates in compliance with the principles of Sharia, or Islamic law, has significantly marked its presence in the global finance arena. This article aims to explore how Sharia principles intricately guide Islamic financial practices, differentiating them from their conventional counterparts and highlighting their relevance in today's economic […]