Ijarah Finance is proud to offer Muslims in Australia a way to finance their businesses without engaging in riba. Our interest-free financing arrangements are fully Shariah-compliant and are therefore a safe and ethical way to grow your business.
In this blog, we’ll take a brief look at our different Islamic commercial finance products on offer, such as our commercial property finance and vehicle finance options.
Commercial Property Finance
Purchasing a commercial property is straightforward and ethical when done through Ijarah Finance. Whether you are employed and receive regular pay or you are self-employed as an individual, partnership, company, or part of a discretionary trust, you can benefit from our commercial property finance products.
You may use this finance to purchase a new commercial property, refinance an existing property loan in an ethical, Shariah-compliant manner, or access the equity in a commercial property you already own.
You can also structure your financial arrangement in various ways, whether under your personal name, in the name of a partnership, a company, or a trust.
We aim to support the needs of small businesses, which is why we offer both full documentation options—where all financial details are provided—and low documentation options, with simpler requirements for those applicants who may not have complete financial records.
This financial product is based on the Shariah-compliant Ijarah financial principle, structured as a rental agreement with an option to buy rather than borrowing money with interest.
Vehicle and Asset Finance
If your business needs to purchase key assets or vehicles but lacks the necessary funds, our vehicle and asset financing option is ideal.
With an Australian Business Number (ABN) and Goods and Services Tax (GST) registration, you can utilise our rent-to-own Ijarah financing arrangement to acquire essential vehicles and equipment for your business.
This may include cars, trucks, vans, cranes, earth-moving equipment, farming machinery, office equipment, medical equipment and much more.
The beauty of this arrangement is that you don’t have to borrow any money. Rather, you simply lease the equipment from us with an option to buy at the end of the lease term.
If you’re a business owner or self-employed Muslim who needs Islamic commercial finance to grow, contact Ijarah Finance today.