Islamic Home Loan in Australia – Your Dream Home Comes True
Halal Home Loan Australia
In today’s world, finding a home loan that aligns with your financial needs and ethical beliefs can be challenging. If you’re searching for a home loan solution that aligns with your Islamic faith, Meezan Wealth can help! We fulfil your dream of becoming a homeowner while conforming to Sharia principles. Thanks to our custom Islamic home loan in Australia, becoming a homeowner is now a viable option and a reality that matches your value system.
To live in your dream home with complete peace of mind, Meezan Property Finance is your perfect solution. With us you pay rent, not interest, when you purchase or refinance a property while the home title is in your name.
Connect with us now to know more about our Islamic home loans in Australia. Our loans offer a Sharia-compliant pathway to homeownership, allowing you to achieve your dreams while adhering to your beliefs and values.
What can we finance?
Established Home
Construction
Refinance
Home & Land
Additional Features
- Finance rates are competitive to the banks
- LVR-90%
- Online access
- Debt consolidation
- Fixed or Variable rates
- Comply with Sharia law
- Salary Credit account
- Repay weekly, Fortnightly or monthly
- Comply with Australian Law
- NO waiting periods
- Redraw Facility
- Additional repayments*
- Finance up to $2,000,000
- NO ongoing fees
Frequently Asked Questions
What are Islamic Home Loans?
Islamic home loans refer to a form of financing that follows Sharia guidelines. In practice, Islamic financial programs avoid the exchange of interest. Instead, they follow any of the three fundamental financing structures, including Murabaha, Ijara, and Musharaka.
Meezan Wealth offers Islamic home loans in Australia using the Ijarah (lease-to-own) method. In this method, a property is leased to a client for a stream of rental and purchase payments, which ends with a transfer of ownership to the lessee.
How do you ensure your activities are compliant with Sharia principles?
We enforce Sharia compliance by rigorously following the tenets of Islamic finance. We work with a dedicated Sharia advisory board comprised of Islamic scholars. These experts are well-trained in the standards and practices of Islamic home finance in Australia. They evaluate our company’s financial operations meticulously to see if they are Halal-compliant.
We exclude investments involving unethical business practices, such as selling alcohol, pork, gambling, or weapons. We assure you of a fair and ethical path to home ownership.
Are variable rates Halal? If so, how?
Yes, variable rates can be Halal. For an Islamic home loan in Melbourne to be Sharia-compliant, the variable rates must not involve any form of interest or Riba and must be the actual costs or profits connected to the asset.
The rates must also be transparent, and there should be risk-sharing between the lender and the borrower. Those products are created within the spectrum of Shariah law, so they are always just and ethical, meaning they can be halal.
Are there any specific eligibility criteria for Islamic home loans in Australia?
Yes, an Islamic home loan in Australia has specific eligibility criteria. The criteria most frequently include the applicant’s ability to repay the loan, credit history, employment, and the property’s adherence to Islamic principles.
Like conventional loans, the applicant should provide proof of income, pass credit checks, and possibly undergo additional financial assessments. The key distinction here is that Islamic home loans work by Islamic law.
Top Features of our Product
-
Both Variable and Fixed rates available
-
Online access to finance account
-
Unlimited additional repayments
-
Offset account facility
-
Online access to Offset Account
-
Pay off the loan at any time
-
Redraw facility available
-
Bpay and Net transfer to external accounts
Additional Features of Halal Home Loans in Australia
Competitive Finance Rates:
Unlike many traditional banks, we strive to offer competitive rates on property finance. Our attractive financing rates will enable you to get the maximum value from your Halal home investment.
LVR – 90%:
Achieving your dream house has never been easier with a 90 percent Loan-to-Value Ratio. Whether buying for the first time or upgrading your lifestyle, Meezan Wealth enables you to seize your dream house even quicker.
Convenient Access:
Be in control of your finances with our easy-to-use online platform. You can keep track of your account, make payments, and access documents from the comfort of your home whenever you choose to do so.
Debt Consolidation:
We can help you consolidate all your debts into one simple payment. No more stressing about multiple debts. All it takes is one simple payment!
Fixed or Variable Rates:
We offer both fixed and variable rates on our Sharia home loans in Australia. Talk to our advisors to find out which one is best for you.
Adheres to Sharia and Australian Law:
Meezan Wealth’s Islamic home finance complies with Sharia law and the Australian Financial Regulatory System. So, you can rest assured that your Islamic home loan aligns with ethical standards.
Ijarah Method of Islamic Home Loan in Melbourne:
Meezan Wealth offers the Ijarah method, a Sharia-compliant lease-to-own agreement that allows you to acquire home ownership over time. With Halal home financing in Australia, you can own your dream home without compromising your faith.
Salary Credit Account for Payment:
Automate repayments from your salary account to simplify your finances. To enable this facility, opt for a salary credit account.
Convenient Repayment Schedule:
Depending on your budget and convenience, you may repay weekly, fortnightly, or monthly. Talk to our advisors to find out what’s best for you.
Redraw facility:
You can access any additional repayments made and benefit from the redraw facility, which gives you complete peace of mind regarding your finances.
Finance up to $2,000,000:
Finance properties of up to $2,000,000 and buy your ideal home hassle-free.
No Ongoing Fees:
Say goodbye to unexpected fees once and for all with total honesty and commitment from our company.
Why choose
Meezan Finance?
When you choose Meezan Wealth for your Islamic home loan, you’re not just getting a financial solution; you’re partnering with an institution that shares your values. Here’s why Meezan stands out:
-
Tailored Rates
A rental rate tailored for you – giving you the best deal for your situation.
-
Special Discounts
Enjoy special discounts on both your home loan and Refinance.
-
Top Class Digital Technology
Meezan finance gives you the flexibility to access, track and manage your home loan online.
-
Flexible loan features
Tailor your home loan to suit your needs
and be ready for whatever life brings; with features like offset and salary credit accounts, redraw, additional repayments and more.
-
Dedicated Home Lending Specialists
Make confident decisions with specialists who partner with you at every step of your home-buying journey and for the life of your loan. Book an appointment at a time and place that suits you.
-
Sharia Compliance
Our home loans are meticulously designed to adhere to Islamic principles, ensuring that every aspect of the transaction is ethical and unbiased.
-
Personalised Solutions
We understand that each individual’s financial situation is unique. That’s why we offer customised solutions tailored to your specific needs and circumstances.
-
Expert Guidance
Our team of experienced professionals is dedicated to guiding you through the home buying process, offering personalised advice and support every step of the way.
-
Strong Community Connection
As a leading provider of Islamic financial services in Australia, we are committed to supporting the Muslim community and contributing to its growth and prosperity.
-
Complaint Non-bank source of funding
Our non-bank funding offers flexibility, speed, and privacy.
-
Secure property ownership
We ensure secure ownership through legal compliance, clear titles, and documentation.
-
Competitive rental rates
Our competitive rental rates, tenant management, and property maintenance maximise your rental income.
-
Local and internationally Sharia-certified
Our Sharia-certified investments provide ethical and socially responsible returns, both locally and globally.
PRODUCT DESCRIPTION AND KEY ATTRIBUTES
Product Features |
Prime Sharia Owner Occupied |
Prime Sharia Investment |
Prime Sharia Construction Owner Occupied |
Prime Sharia Construction Investment |
|---|---|---|---|---|
| Rent Type | Variable | Variable | Variable | Variable |
| Payment Options | Principal and Rent or Rent only for an agreed period | Principal and Rent or Rent only for an agreed period | Principal and Rent; or Rent only during construction phase (max 12 months) | Principal and Rent; or Rent only during construction phase (max 12 months) |
| Redraw | Variable | Variable | Variable | Variable |
| Minimum Finance Size | $ 150,000 | $ 150,000 | $ 150,000 | $ 150,000 |
| Maximum Finance Size (subject to LVR and postcode policiy) | $2,500,000 | $2,500,000 | $1,500,000 | $1,500,000 |
| Minimum LVR (subject to postcode eligibility criteria) | 90% | 90% | 90% | 90% |
| Additional payments without penalty | Yes | Yes | Yes | Yes |
| Offset facility | Yes | Yes | Yes | Yes |
| Visa debit card | Yes | Yes | Yes | Yes |
How Does Ijarah Work?
Our Ijarah structure allows the title to the property to be held in the client’s name. Each repayment comprises two components; a rental charge (Ijarah) for you to live in the house and a principal payment to acquire our share of equity in the property.
As you acquire more equity in the property, the rental component decreases, and the equity component increases until the property is purchased outright or you sell/refinance.
The Benefits of Ijarah:
- Ownership Acquisition: Over time, you become the full owner of the property, rather than simply paying rent.
- Sharia Compliance: The Ijarah method adheres to Islamic principles, avoiding interest-based transactions.
- Flexibility: You can customise your repayment schedule to suit your financial situation.
- Transparency: The terms of the Ijarah agreement are clear and understandable.
How Does Ijarah Differ from Traditional Home Loans?
Unlike traditional home loans, where you borrow money from a lender and pay interest, Ijarah is a lease-to-own arrangement. This means you are not technically borrowing money and paying interest (Riba). The rental payments you make contribute to the purchase price of the property.
Sharia Certified
Our Sharia Standards Comply
with Global Islamic Standards
Apply for a Home Finance
Once you’ve found the perfect property or
if you want to refinance.
Ready to Apply?
Purchasing a home for your family is certainly very exciting and we make the process easier for you. Obtaining Meezan Islamic finance is easier than ever before.
We take responsibility for the finance process so you can focus on finding your dream home. Our dedicated and experienced finance manager tailors your Islamic home finance and guides you in this journey, provide necessary advice, support, and solutions.
Wish to Learn More?
Contact us today to schedule a consultation and explore how our Ijarah home loans can help you achieve your dream of owning a home while adhering to Sharia principles.
Check your Eligibility
- 20% Equity
- Active Employment
Apply Online
- Book a meeting with us
- Call us on 1300 141 145
- Request a callback
- Email us
Why Choose
Meezan Wealth
Served 5,000+ Muslim clients with 13-year Industry experience
Offering Sharia’h complaint financial products
Fastest Finance Processing &
No Waiting Period
One-Stop-Shop in
Islamic Financial services
Superior client service
In house Financial Adviser & Investment Portfolio
Manager
Highly Qualified
Bachelor in Business
(Accounting and Finance)
Diploma in Financial Services
(RG146)
Advanced diploma in Financial Planning
Diploma of Finance and Mortgage Management
Certificate IV in
Finance and mortgage broking
Certification in
Self-Managed super fund Investments and Structures
Certificate in
Listed products adviser (ASX) and listed securities
Cert Iv in
Real estate Agent and Sales Person
What Our Clients Say
“We would like to express our thanks for the work you have done for us over the past years. The expertise and attention to detail with which you have handled our financial affairs could not be faulted. Particularly reassuring to us is our feeling of certainty in the absolute integrity of your dealings with us. Your continual advice on financial planning issues has saved us significant amounts of money. May you prosper, along with your clients.”
Dr Mutasim Sadiq
“Meezan finance provided us an outstanding service throughout the whole application process. The staffs were very responsive to our needs, answered our telephone calls and emails promptly, followed up with sellers, solicitors and arranged property settlement for us. We are happy that through Meezan Finance we have achieved the best Islamic loan for our family’s needs. We have no hesitation in recommending Meezan wealth to anyone.”
Usman Saleem
Senior Technical Manager (IBM)
“Passion, knowledge and a genuine interest in achieving the best for clients is what makes a truly professional Financial Adviser. Rokibul always had this and more. His dedication to clients, business excellence and education sets him apart and I would highly recommend him to anyone wanting to achieve better financial outcomes.”
Sameer Syed
IT Developer (Inenco Group)
“I am absolutely delighted with your service. It is really refreshing to work with a financial adviser who is truly interested in their client’s needs, circumstances and preferences. What really impressed me was the way you took the time to get a feeling for where I was at, your depth of knowledge, lateral thinking and your common-sense approach. Your professional, ethical and caring demeanour elicits my trust and respect and I gladly recommend your services whenever possible.”
Amer Islam
IT Consultant
Get in Touch
Our qualified team are ready to assist you with your questions.
Talk to Us
Bankstown:
Suite-104, 8 French Avenue, Bankstown, NSW 2200
Email Us
