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Some Muslims think the idea of building wealth is something to feel guilty about. There’s a sense of hesitation and discomfort when discussing the topic, as though pursuing financial growth may conflict with Islam. Some may even go so far as to feel that protecting their wealth for retirement or investing for the future may […]
Is It Morally Wrong For Muslims To Grow Their Wealth? Read More »
Any Muslim in Australia who aspires to financial independence must at some point acknowledge that Western loans are incompatible with their faith. You want to buy a house or a car, only to be told by your imam that applying for a loan through a regular bank is immoral and in contravention to Sharia law.
Unpacking the Key Differecnes Between Halal and Conventional Loans Read More »
Are you tired of financing that always seems to be fleecing you for everything you’re worth? Like many people who are fed up with the traditional financing system, you might have a desire to avoid interest-based debt. Maybe you’re drawn to something that is more values-driven. If you feel this way, you’re not alone. Many
Can Non-Muslims Make Use of Islamic Finance in Australia? Read More »
Buying a home is one of life’s biggest milestones, but for many Muslims in Australia, it can be tricky finding a path to home ownership that aligns with Islamic principles. Most conventional loans involve riba (interest), which is strictly prohibited in Islam. Thankfully, Islamic house finance is available as an alternative that allows you to
Three Kinds of Halal Home Finance Options to Consider Read More »
Are you stressed about your retirement and want to start planning, but you’re afraid of contravening Sharia law? Thankfully, it’s possible to contribute to your superannuation without fearing that you will be in conflict with the principles and morals of your faith. Halal superannuation in Australia allows you to invest in your future in a
6 Things You Didn’t Know About Halal Superannuation Read More »
Imagine having an auto finance solution that allows you to buy the vehicle you need for your business without engaging in riba. With Ijarah Finance, this does not have to be a pipe dream. Halal auto financing is a reality that you can take advantage of, allowing you to purchase vehicles in a Sharia-compliant manner.
Can You Afford Halal Auto Finance? Read This First Read More »
Thanks to Ijarah Finance’s halal car finance in Australia, Muslim business owners can access the vehicles they need for work opportunities. However, there is one critical exception—cars destined for ride-sharing services. Drivers wanting to purchase cars for services such as Uber, Ola, DiDi, and GoCatch are not eligible for finance. Our brief guide explores why.
Why Does Ijarah Finance Not Finance Ride-Sharing Cars? Read More »
When you acquire a vehicle through Ijarah Finance under an Ijarah Thuma Albai agreement, you will still need to pay goods and services tax (GST). While this might seem like an additional burden, you should know that paying GST reinforces this finance model as truly halal. Let’s explore why GST is necessary in this form
Why Do You Need To Pay GST On Your Halal Car Finance? Read More »
Given that a novated lease is such a popular option for acquiring vehicles in the Western world, it is only natural that if you’re a Muslim, you might be wondering: Is a novated lease halal in Australia? In short, no. Standard novated leases are not generally permissible under Islamic law because, in most cases, they
Is A Traditional Novated Lease Halal? Let’s Find Out Read More »
Sharia law is very strict about financing, as it needs to be demonstrably ethical and avoid engaging in things like charging interest (riba) or dealing in excessive uncertainty (gharar) and speculation (maysir). At Ijarah Finance, we have structured our financial products to meet these requirements and ensure that devout Muslims can access financing without contravening
What Makes Ijarah Thuma Al Bai Financing Sharia-Compliant? Read More »
