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. […]

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 the Australian financial landscape, the strategic use of property equity stands as a pivotal approach to wealth augmentation. At Afiyah Islamic Finance, we are attuned to the nuances and potential of this strategy within the framework of Islamic finance. This blog delves into the use of property equity for investment, enriched with the principles […]

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 […]

Dhul Hijjah is the 12th and final month of the Islamic lunar calendar. It is a significant month for Muslims worldwide, particularly because it is the month during which the annual Hajj pilgrimage takes place in Mecca, Saudi Arabia along with many other important religious observances. Dhul Hijjah is considered sacred and holds great religious […]

Wealth Management in Islam is a discipline within the realm of Islamic finance that focuses on managing and preserving wealth while adhering to the principles of Shariah.  It seeks to ensure financial well-being and growth while upholding ethical guidelines and avoiding activities that are considered unlawful or prohibited in Islam. Islamic wealth management has several […]

Ijarah financing is a concept commonly utilised in Islamic finance that provides an alternative method of financing assets. Derived from the Arabic word "ijarah," which means lease or rent, involves a leasing agreement between two parties: the lessor (financier) and the lessee (customer).  This arrangement allows individuals and businesses to access financing while adhering to […]