Own your home without riba
Shariah-compliant (in line with Islamic law) property finance with no riba (interest): Ijaar home finance for homes, investment and commercial property, and Al-Mustaqbal SMSF finance for commercial property through your fund. Reviewed by an independent Shariah adviser and arranged through accredited brokers across Australia.
Already have a broker? Ask them about Riyadh Financial Services.
What would you like to do?
A lease that ends in ownership
Ijaar (from the Arabic word for lease) finance uses Ijarah Muntahia Bittamleek, a lease that ends in ownership. The financier earns rent on its share of the property, not interest on money lent.
Talk to a broker
Your accredited broker explains your options and applies for you.
Approval
The financier assesses your application and the property.
Settlement
You're the registered owner. The financier holds a mortgage and a share.
Rent and principal
Each principal payment makes the financier's share smaller.
It's fully yours
After the final payment, the mortgage is discharged.
Watch: how Islamic home finance works
A short video on riba, Ijarah, who owns what, and Al-Mustaqbal SMSF. Captions available.
Read the full guide →How is it different from a home loan?
| Conventional home loan | Ijaar home finance | |
|---|---|---|
| How the return is earned | Interest on money lent | Rent on the financier's share of the property |
| What it's tied to | A debt | A real asset: the property itself |
| Who's on the title | You | You, from settlement |
| What your payments do | Pay interest and reduce the debt | Pay rent and buy out the financier's share |
| Shariah review | Not applicable | Reviewed by an independent Shariah adviser |
We work through accredited brokers
Brokers across Australia are accredited with Riyadh Financial Services and can explain how our finance works for your situation.
Talk to a broker
Tell them your goals. They'll confirm the documents you need.
Your broker applies
They prepare your application and send it for assessment.
Approval and settlement
If approved, the financier issues contracts and your solicitor arranges settlement.
Finance that shares your values
Shariah-reviewed
Structures reviewed by an independent Shariah adviser.
Riba-free
A return from rent on a real asset, not interest.
Broker network
Accredited brokers across Australia.
Online and mobile
Internet Banking and the mobile app.
Visa debit card
Available on selected Ijaar home finance.
Cash Management Account
Surplus money can reduce your rental on selected Ijaar finance, or the dividend payable on Al-Mustaqbal SMSF.
Reviewed by an independent Shariah adviser
Our product structures are reviewed by an independent Shariah adviser before they're offered and again when a product changes. Ask us for a copy of the current certificate. You're always welcome to seek your own scholar's view.
Plain-English answers
Questions people ask us
How do I apply for finance?+
We work through accredited brokers. Here's how to apply:
- Talk to your broker, or contact us and we can refer you to an accredited broker. Call +61 2 7202 7900 or use our contact form.
- Your broker explains your options, confirms the documents you need and submits your application.
- If your application meets the financier's criteria, you'll receive an approval, and your solicitor or conveyancer arranges settlement.
Who owns the property?+
You're the registered owner on the title from settlement. The financier holds a registered mortgage and a beneficial interest until the final payment.
What is Ijarah Muntahia Bittamleek?+
A lease that ends in ownership. The financier earns rent on its share of the property, and your payments buy out that share over time.
What is Diminishing Musharakah?+
Diminishing Musharakah (musharakah mutanaqisah) is a partnership that reduces over time, as your SMSF buys out the financier's share. It's used for Al-Mustaqbal SMSF finance for commercial property.
Ready to talk to a broker?
Talk to your broker, or contact us and we can refer you to an accredited broker. Call +61 2 7202 7900 or use our contact form.
Offer Shariah-compliant finance
Become accredited to offer Ijaar and Al-Mustaqbal SMSF finance to your clients.