ICFAL has developed a unique model which takes into account the real market value of rental and growth (instead of converting financial market interest (or Riba) into so-called rental/profit). Diminishing Mushrakah is considered to be the most desired modes of Islamic financing. It is used mostly when one party who wants to own an asset cannot afford to pay the full price and takes the assistance of financing from another party which ends up with the complete ownership of the asset by the first party who purchase the share of the other party over a period of time whilst at the same time complying with Islamic guidelines.

When used in property financing however, Diminishing Musharakah can be viewed as a form of shared ownership with a leasing sale-back arrangement, which makes it different from an interest-based mortgage. Diminishing Musharakah arrangements allow equity participation and sharing of profits on a pro-rata basis, they also provide a method through which the co-operative keeps on reducing its equity in an asset against periodical payments, ultimately transferring ownership of the asset to the client. The product documentation and structure was approved by Pakistan’s Meezan Bank Limited in 2017

As part of our compliance to the relevant Australian regulatory and Shariah standards, we provide you with important information to help you decide whether entering into a finance agreement with ICFAL is right for you. 

Fine Prints:

  • APR percentages: Rate of return from 5.00% *
  • Transaction Fees: Nil (One-off fee of $100 for lifetime membership)
  • Interest rates: No interest Islamic products.

Special Offer

How does ICFAL comply with Australian Law?

ICFAL home financing products have been externally reviewed by a leading compliance authority and are consistent with Australian laws under the National Consumer Credit Protection Act (2009) and Responsible Lending Obligations under the act. Furthermore, ICFAL is registered under ASIC and was granted an Australian Credit License (465922)

*Comparison rate based on a $150,000 loan over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.


Do not miss out on this limited time offer of a 100% FREE, no-obligation 30-Minute Information Session that will help effectively manage your finances, provide the most cost-effective ways to build your dreams, and earn you fast, Halal income/revenue.