ICFAL

ICFAL ICFAL is a 100% member-funded and owned organisation. So there is no question on the source of the fund - it's coming from the members of ICFAL.

We have grown to 5,000+ members and have been around in Australia for over 25+ years. ICFAL (Islamic Co-Operative Finance Australia Ltd.) is a cooperative that aims to provide financing solutions according to Islamic principles. Content on this page:
> Does not consider your personal circumstances, needs, objectives or financial situation.
> The factual information is not intended to imply any re

commendation or opinion about a financial product.
> The factual information is not personal advice or general advice.
> The information does not constitute financial advice or taxation advice, and the general nature of the content might not be applicable to you or your situation. Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this page, our website or on the videos, while also considering its appropriateness in relation to your personal situation."

ICFAL offers a genuine Shariah Compliant option for your Super. Backed by real assets, screened by a dedicated Shariah B...
26/07/2026

ICFAL offers a genuine Shariah Compliant option for your Super. Backed by real assets, screened by a dedicated Shariah Board, and built around your values.

Join now at: icfal.com.au/investments/super-fund/apply-online

Earlier this month, the ICFAL team had the privilege of attending the Muslim Wealth Summit Sydney 2026, held on 6–7 June...
30/06/2026

Earlier this month, the ICFAL team had the privilege of attending the Muslim Wealth Summit Sydney 2026, held on 6–7 June at Novotel Sydney Olympic Park and Bryan Brown Theatre.

Representing ICFAL, our Director, Nashat Qadan, together with Mohammed Mahboob Murshid, joined Muslim professionals, entrepreneurs, financial advisers, and community leaders for meaningful discussions on ethical wealth creation, Islamic finance, and building stronger communities.

It was also a pleasure catching up with Ismail Davids, Chief Executive Officer of National Zakat Foundation Australia.

We thank the organisers, speakers, and all those who contributed to such an inspiring event. We look forward to continuing these conversations and supporting initiatives that empower our community, Insha'Allah.

From the outside the conventional and Islamic financial system may at times look similar.And its important to remind mem...
29/06/2026

From the outside the conventional and Islamic financial system may at times look similar.

And its important to remind members that Islamic Finance didn’t re-invent the wheel, it perfected it.

We remind members that Islamic finance is a set of guiding principles and rules that allows for to invest and finance into activities that may generate economic benefits. All within the guidelines of course!


Throughout this month, the ICFAL team had the privilege of visiting several masajid and centres across Sydney as part of...
29/06/2026

Throughout this month, the ICFAL team had the privilege of visiting several masajid and centres across Sydney as part of our ongoing community outreach initiative.

From reconnecting with familiar faces to meeting new members of our community, each visit was an opportunity to listen, learn, and have meaningful conversations and how we can better support Australian Muslims in achieving their financial goals while staying true to their values.

We're grateful for the warm welcome we received at every stop.

At ICFAL, we believe that building strong financial futures begins with building strong relationships. We're committed to continuing these conversations and remaining an active part of the communities we serve.

At the heart of ICFAL is a simple idea: members helping members.When you join as a member, you are not just doing it fo...
28/06/2026

At the heart of ICFAL is a simple idea: members helping members.

When you join as a member, you are not just doing it for yourself. It is also helping another member and their family move closer to owning a home.

A system built on mutual benefit, fairness, and shared progress.

Join as a member today: https://www.icfal.com.au/investments/general-investment-fund/apply-online

Murabaha is a Shariah-compliant financing ICFAL uses for car financing.Here's a quick overview of the contract:🚗 You ch...
25/06/2026

Murabaha is a Shariah-compliant financing ICFAL uses for car financing.

Here's a quick overview of the contract:
🚗 You choose the vehicle.
🤝 ICFAL purchases the vehicle on your behalf.
📋 The purchase cost and profit margin are disclosed upfront.
💰 You purchase the vehicle from ICFAL at an agreed price and repay it over time.

The key difference? The profit is earned through the sale of an asset, not by charging interest on money.

Learn more: http://icfal.com.au/finance/car-finance

Diminishing Musharakah is the Shariah-compliant partnership model ICFAL uses for home financing.Here's a quick overview ...
24/06/2026

Diminishing Musharakah is the Shariah-compliant partnership model ICFAL uses for home financing.

Here's a quick overview of the contract:

🏠 You and ICFAL purchase the property together.
🤝 Both parties contribute towards the property's ownership.
📈 Over time, you gradually buy ICFAL's share through agreed payments.
🏡 As your share increases, ICFAL's ownership decreases.
✅ At the end of the financing term, you become the sole owner of the property.

Unlike conventional financing, Diminishing Musharakah is based on partnership and shared ownership, making it a financing structure that aligns with Islamic principles.

Learn more: https://www.icfal.com.au/finance/home-finance

Address

Suite 12, 55 Phillip Street
Paramatta, SA
2150

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+611300042325

Website

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