Category: Market Insights

Lock down Islamic financing at low costs so you can finally have the home you always wanted.

March 22, 2024

Islamic Bank Australia: A Vision Interrupted

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 […]

September 27, 2023

NAB Islamic Finance Secures Islamic Bank of the Year 2023

National Australia Bank (NAB), guided by  Dr. Imran Lum, has been honoured with the Islamic Bank of the Year award at The Asset Triple A Islamic Finance Awards 2023. Though not primarily an Islamic bank, this recognition serves as an unequivocal endorsement of the strides NAB Islamic Finance has made in the sector, both within […]

June 26, 2023

Islamic Finance Contracts: Top Features and Elements

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 […]

June 23, 2023

The Objectives of Wealth Management in Islam

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 […]

May 26, 2023

What are the Benefits of Using an Islamic Home Loan Calculator?

An Islamic home loan calculator is a financial tool that is designed to help Muslims calculate the cost of a home loan. It allows borrowers to get an idea of what the rate of the monthly payments would be. This is estimated by the total cost of a loan based on the loan amount and […]

May 26, 2023

Unlocking Homeownership: Key Developments in the Australian Federal Budget 2023/24

Afiyah is here to provide you with an overview of the key developments in the Australian Federal Budget 2023/24 that are relevant to homebuyers and housing affordability. Let's explore the budget measures that aim to make homeownership more accessible and affordable: Expansion of Home Guarantee Schemes: The eligibility criteria for the First Home Guarantee and […]

March 27, 2023

Islamic Crowdfunding And Its Impact On Small Businesses

Islamic crowdfunding is a relatively new financing option that has gained popularity among Muslims around the world. This type of crowdfunding is based on Islamic finance principles and provides an alternative way for small businesses to raise funds for their projects.  The impact of Islamic crowdfunding on small businesses can be significant, as it offers […]

March 20, 2023

Islamic Fintech and Other Fintech Startups

The world is running rapidly with technology triggering the development of Islamic finance. So the banking sector is meant to run at the pace as it proceeds to progress and modify with time. Therefore the clients and the banks communicate through digital platforms. Telecommunication makes it easy for the customer to request financial options via […]

March 18, 2023

The Role of Islamic Finance in Promoting Social Justice and Economic Stability

Islamic finance has been in practice in some form or the other since the beginning of Islam. However, its practice in the modern financial world came to recognition in the 1980s. In recent years, Islamic finance has gained the interest of many worldwide and has made its way among the world's leading conventional finance methods. […]

March 10, 2023

How Islamic Tech Trends Could Impact Your Financial Situation? 

Islamic finance is a rapidly growing industry. As technology continues to evolve and disrupt traditional financial systems, it is important to understand the trends in Islamic tech that will affect your finances. Why Is It Important The integration of technology in this field is not only beneficial for the industry, but also for individuals and […]