Discover Ijara Muntahia-bi-tamleek

Discover the power of Ijara Muntahia-bi-tamleek and how it can help you achieve your dreams of homeownership in Australia. Learn about the benefits, process, and eligibility requirements of Ijara Muntahia-bi-tamleek, empowering you to make an informed choice for your home purchase.

Key Things to Know

What is Ijara Muntahia-bi-tamleek?

"Ijara Muntahia-bi-tamleek" is a type of Islamic mortgage. It is a way to finance the purchase of a property using an Islamic loan. The tye adheres to the principles of Islamic Finance, which are derived from the Quran and Hadith.

How Does Ijara Muntahia-bi-tamleek Work?

Within this ecosystem, Ijara Muntahia-bi-tamleek works by the non-bank funder owning the property and then leasing it to the borrower. The borrower makes monthly payments to the non-bank funder.

Each payment is split into two parts: a rental component, and a portion dedicated to acquiring the funders stake in the property.


We collaborate with various institutions offering Sharia-compliant Ijara Muntahia-bi-tamleek. Our role is to guide you to the best solutions for home loan purchases or refinancing, construction financing, and investment financing.


Our partners utilise the Ijara Muntahia-bi-tamleek (Lease to Own) model, a contract form that aligns with Shariah principles. The financier acquires property on your behalf and subsequently leases it back to you. As the client, you make regular rental payments with the aim of eventually assuming legal ownership once all payments have been fulfilled. During the lease period, you enjoy full rights and usage of the property throughout the “ijara” or “rental” term.

The Benefits of Ijara Muntahia-bi-tamleek For Businesses and Individiuals

There are clear benefits of Ijara Muntahia-bi-tamleek for businesses and consumers. Foremost among them is that "Ijara Muntahia-bi-tamleek" lets them finance the purchase of a property without having to pay riba or interest. It is an Islamic alternative to conventional mortgages, which are based on illegal interest.   Ijara Muntahia-bi-tamleek is often used to finance the purchase of a home, but borrowers can also use it to fund other types of property, such as commercial real estate.   This makes it easier for faith-based investors to access halal financing that allows them to grow their real estate portfolio.

How to get the most out of Ijara Muntahia-bi-tamleek?

There are a few things to keep in mind when using Ijara Muntahia-bi-tamleek to buy a property:

  • Ijara Muntahia-bi-tamleek is a long-term investment. It is crucial to consider the long-term costs of the loan.

  • It is a way to finance the purchase of a property without taking on debt. Hence, it is essential to ensure that the property is affordable and that the monthly payments are manageable.

  • It is an Islamic alternative to conventional mortgages. So just like with traditional finance, it is vital to compare the terms of the loan before choosing a lender.

  • It is a way to buy property without having to pay interest, so it is key to shop around for the best loan deal.

Want to know if Ijara Muntahia-bi-tamleek is for you?

Don't let the traditional interest-based financial models stand in the way of your dreams. Choose Afiyah, choose a financial solution that respects your faith and empowers your aspirations. After all, why should finance stand in the way of the joy and freedom that comes with driving your own home?

Come join us on this journey towards ethical and faith-based home ownership. With Afiyah, your road to financial freedom is just around the corner.