Over 25 years of sustained returns

Become a member and help the community whilst moving you one step closer to your financing goals.

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House your dreams by financing Islamically

Find out the halal way to own your own house and call it home.

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House your dreams by financing Islamically

Preparing for your child's future

Secure the future of your children by opening a child membership to share in ICFALs dividends.

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How can we help?

Memberships

General Member Fund Hajj Member Fund Children Member Fund Institutional Member Fund

Finance

Home Finance Car Finance Hardship Finance Finance Calculators

Find out why around 5000+ members choose ICFAL

Putting Shariah compliance first

Thoroughly screened products with strict adherence to Islamic principles.

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100% member owned, no external sources

ICFAL finances all the products using its members’ funds only.

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25+ years of experience in Islamic finance

Pioneering Australian Islamic Finance with extensive experience since 1998.

Our Story

Hear From Our Members

"Imtiaz Ahmed, a member with ICFAL since 2007"

Imtiaz Ahmed

With you every step of the way

Become a member of ICFAL

Be part of a 5000+ member strong community that finances projects and ambitions through Islamic contracts. And in return get attractive dividends on your investments.

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Prepare for your child's future

Prepare for the future of your children by starting a child membership for them. Child memberships are also entitled to any dividend distributions from the co-operative.

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Plan for your Hajj

Fund your trip to Makka by starting a Hajj membership. Your membership will be entitled to any profit distributions declared by the co-operative to help you on your Hajj trip sooner - In sha Allah.

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Institutional Memberships

ICFAL invites memberships from community group, businesses and other organisations to join a membership fund of over $50+ million that provides shariah compliant finance and dividend distributions to members.

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Buy Your Dream House

Get the house you dreamt of with halal financing from ICFAL. Invest your hard-earned money the halal way to own the house and call it home.

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Buy New Car

Own your new car with ICFAL by your side. Our car financing product gives you the chance to get your dream car to drive with your loved ones.

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Latest From ICFAL

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ICFAL at Australian National University Islamic Finance Symposium

1 min read

News

ICFAL at Australian National University Islamic Finance Symposium

ICFAL presented some changes to how Ijaarah finance contracts work in Australia. ICFAL proposed to make the Ijaarah home finance model more like rental laws than credit laws. Here are the two main changes we suggested.

ICFAL awarded best Islamic Finance Co-operative

1 min read

News

ICFAL awarded best Islamic Finance Co-operative

ICFAL was honored with the Best Islamic Finance Cooperative award by Islamic Finance News (IFN) on its 25th-year anniversary.

1 min read

News

End of year Office Closure Announcement

As 2023 comes to a close, the ICFAL team is taking a short break to recharge and celebrate. Our office will be closed from 23rd December 2023 to 3rd January 2024.

1 min read

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ICFAL's Commitment to Higher Education

In this quarter, we have taken a significant step by submitting a proposal to make the Higher Education Contribution Scheme (HECS) system Shariah-compliant.

1 min read

News

Muslim Youth Career Expo

We recently had the privilege of participating in the Muslim Youth Association (MYA) career expo, where we engaged in insightful discussions with high school students, university attendees, and industry mentors about the blessings of Islamic finance.

ICFAL Joins the Business Council for Cooperatives and Mutuals (BCCM)

0 min read

News

ICFAL Joins the Business Council for Cooperatives and Mutuals (BCCM)

With the guidance of Allah (SWT), we are delighted to announce that ICFAL is now a proud member of the Business Council for Cooperatives and Mutuals (BCCM), Australia's leading advocate for co-operatives and mutuals.

Welcoming Farhad - ICFAL's New Financial Controller:

1 min read

News

Welcoming Farhad - ICFAL's New Financial Controller:

In the month of March, we embraced Farhad as our new Financial Controller. With a career spanning over 14 years, Farhad brings forth a wealth of experience to ICFAL.