Islamic Loans in Australia – Achieve Your Goals the Right Way
Islamic Mortgage Loan
At Meezan Wealth, we understand how significant it is to respect Islamic finance principles. Our core value is to empower Australian Muslims through Islamic loan and mortgage offerings that are not only Halal but also affordable and accessible. Whether you plan to settle in Sydney or roam through Melbourne’s lanes, we can make your dream a reality through our wide array of Islamic finance offerings.
What can we finance?
Established Home
Construction
Refinance
Home & Land
Sharia Loan – Our Commitment
Meezan Wealth believes your faith should never keep you from reaching your financial goals and well-being. It is unfair for Muslims living in Australia to struggle through the finance industry without access to Sharia-compliant products.
We identified this opportunity and tailored our products, including Islamic loans and mortgages, to be competitive and follow the teachings of Islam. So, if you are looking for an Islamic loan in Sydney, we have your back.
How to Apply for a Sharia Loan:
Navigating the path to owning the home of your dreams can be stressful, especially when you want to adhere to Islamic financial standards. Our Halal offering includes Sharia loans and Islamic mortgage offerings to satisfy your financial needs ethically. Here‘s how to apply:
- Fill in the application on our website and book an initial consultation. When necessary, submit the required documents and details for the assessment.
- Await approval for eligibility based on financial assessment and Islamic principles.
- Upon approval, you will sign a contract outlining the financing terms, including the applicable rates and the repayment schedule.
Finally, you will receive the funds in accordance with their intended purpose. Follow the repayment schedule you’ve agreed to, and talk to our experts if you have queries or concerns. Our Islamic finance specialists offer clients tailored advice and solutions to their unique needs.
Halal Mortgage in Australia – Financing Your Home Your Way
If you are searching for an Islamic mortgage in Australia, we have you covered! Meezan Wealth’s value offering combines modern industry patterns with an Islamic financial plan covering all bases. Choose between fixed and variable rates, set up your repayment schedule, and more.
What Makes Meezan’s Wealth Different?
Sharia Compliant: Every product we offer is designed according to Islamic Sharia laws, making it a purely Halal financial aid.
Transparent Process: Meezan prides itself on transparency for every Islamic and halal loan in Sydney and Melbourne. We disclose our detailed charges and rates.
Community-Driven Service: Our extensive experience serving the Australian Muslim community helps us understand your unique needs within the national context.
Nationwide Services: While we can help you with Islamic loans in Sydney or Melbourne, our holistic services span nationwide.
Start your Halal homeownership journey with us today! Our seasoned team is waiting on your call to guide you on the Islamic mortgage journey, making your experience as hassle-free as possible. Meezan Wealth is here to cater to your financial goals. Contact us today and start financing your home sustainably and ethically!
Frequently Asked Questions
Can non-Muslims apply for an Islamic mortgage in Australia?
Absolutely! Non-Muslims can apply for an Islamic mortgage in Australia. Islamic mortgages are formulated within Islamic finance, which prohibits interest collection.
Thus, it is available to anyone who wishes to buy a house following Sharia requirements. Applicants do not have to be Muslims. So, it gives people from any background an equal opportunity to finance without conventional lending methods with interest.
How are the profits or returns calculated on Islamic loans?
Unlike conventional loans, Islamic loans in Sydney abide by Sharia law and do not involve interest. Instead, profits or returns are generated using methods like Murabaha and Ijara.
With Murabaha, a home lender buys a property and sells it to a property buyer at a profit. And with Ijara, the lender leases the property to the buyer. Both methods imply that the profit margin is predetermined and aligns with Islamic law.
Can I refinance or consolidate Islamic loans in Australia?
Yes, you can! Meezan Wealth offers refinancing facilities with our Halal loans in Australia. Refinance or restructure your existing Islamic home loan with the help of our experts.
This allows you to consolidate multiple loans into one that complies with Sharia law. Moreover, our refinancing system follows Islamic financial principles. Contact us if you have questions.
What happens if a borrower defaults on an Islamic loan?
Islamic loans handle defaults compassionately and equitably. As we aim to comply with the Principles of Islamic Finance, we usually attempt to renegotiate the original terms and conditions, providing relief or extending payment on the loan. Repossession or lawsuits are generally the last options.
Late payments violate Sharia law and incur no additional interest charges (Riba). However, the borrower must pay a fee to cover administrative expenses associated with late payments.
Top Features of our Product
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Both Variable and Fixed rate available
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Online access to finance account
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Unlimited additional repayments
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Offset account facility
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Online access to Offset Account
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Pay off the loan at any time
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Redraw facility available
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Bpay and Net transfer to external accounts
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
Why choose
Meezan Finance?
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Tailored Rates
A rental rate tailored for you – giving you the best deal for your situation.
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Special Discounts
Enjoy special discounts on both your home loan and Refinance.
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Top Class Digital Technology
Meezan finance gives you the flexibility to access, track and manage your home loan online.
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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.
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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.
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Complaint Non-bank source of funding
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Sharia complaint Contract based on Ijarah method
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Secure property ownership
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Competitive rental rates
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Local and internationally Sharia certified
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 enables us to allow 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.
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 the responsibility of 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.
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
