Investing in property through an Islamic home loan is a valuable means to secure an asset that could bring substantial returns. This guide aims to walk you through the process of investing in a property through Ijarah finance, a Sharia-compliant financing option. The Foundation: Financial Planning Prior to diving into a property investment, establish a […]

As mortgage brokers specialising in the Sydney property market, understanding the intricacies of Sydney house prices is pivotal for both our practice and our clients. Recent data suggests that Sydney house prices are set for a robust 10% growth this year, despite a surge in listings. Sydney House Prices: Diminishing Fears of Market Instability Early […]

Islamic Home Loans with Ijarah: Understanding Rules Governing Lease Rentals In the realm of Islamic finance, one financial instrument has gained prominence in facilitating homeownership: the Ijarah lease contract. As interest-based transactions are prohibited in Islam, Islamic financial institutions have developed Shari'ah-compliant tools for lending and leasing, such as the Islamic Home Loans with Ijarah […]

Introduction Have you ever wondered about the Islamic home financing option while shopping for your dream house? Especially in Australia, where we observe an increasing trend in the acceptance of Islamic finance products, it's essential to understand this model. The aim of this article is to help you comprehend what Islamic home finance is and […]

Choosing a new home is no small feat, especially when considering the multitude of factors that influence your decision. For Muslim parents in Melbourne, a significant consideration should be the proximity to one of the city's highly-regarded Islamic schools. This choice isn't solely about convenience; it aligns perfectly with several key principles of the Islamic […]

If you're over the age of 30 and seeking an ethical, financially secure solution for your next car purchase, then the world of Halal car finance in Australia might be just the ticket for you. In particular, you might find a financing method called Murabahah, a common practice in Islamic finance, to be your ideal […]

Islamic financial institution like Afiyah Finance is the best option for Muslims depending on individual circumstances and personal beliefs. Islamic financial services, which adhere to Shariah principles, are designed to be compliant with Islamic law and avoid interest-based transactions. They often involve profit-sharing or rental arrangements instead.  Muslims find these services to be a more […]

Gharar, also known as excessive uncertainty, is a concept in Islamic finance that refers to the presence of excessive ambiguity or uncertainty in a contractual agreement. It is considered undesirable because it can lead to unfairness, exploitation and disputes. In this blog, we explain everything you need to know about Gharar. What is Gharar? In […]

In Islam, Riba refers to the prohibition of interest or usury. The term Riba, derived from the Arabic word 'riba', means an increase or excess. It is considered unlawful and prohibited in Islamic finance and economic systems because it involves charging or paying interest on loans or debt.  Riba is based on the principle that […]

Islamic finance contracts are agreements and contractual arrangements designed to comply with the principles and guidelines of Shariah law, the Islamic legal framework. These contracts are used in Islamic finance to facilitate transactions and financial activities that adhere to Islamic principles, which include the prohibition of interest (riba) and the promotion of ethical and socially […]