Last updated 14 November 2026 · Reviewed by Riyadh Financial Services Compliance
At a glance
- On selected Ijaar home finance, business owners may be able to use company income.
- Our Ijaar home finance is available to individuals, companies and trusts, although some options are for individuals only.
- You'll need an established ABN and recent financials, and full doc and alt doc options are available: see Full doc vs alt doc Islamic home finance.
- Business premises can be financed on selected Ijaar finance, or through your SMSF with Al-Mustaqbal SMSF.
Can a business owner use company income to qualify for Islamic home finance in Australia?
On selected Ijaar home finance, business owners may be able to use their company's income. Whether it can be used, and how, depends on your business and your application, so your broker will assess your income and financial situation.
Every application is assessed against credit criteria, and approval isn't certain. Your broker will confirm the documents you need.
What will you need as a self-employed applicant?
- An established ABN for your business.
- Recent financials for the business.
- A way to show your income. Full doc is based on your business financials. Alt doc, often called low doc, lets you show your income in other ways, and it's available on selected Ijaar home finance. Alt doc isn't available for construction.
Our guide to full doc vs alt doc Islamic home finance explains the difference, and our self-employed Islamic home finance page covers who it suits.
Can you buy in the name of a company or trust?
Yes, in many cases. Our Ijaar home finance is available to individuals, companies and trusts. Some options are for individuals only, and your broker will confirm what's available for your situation.
How you own a property affects tax, liability and who signs, so talk to your accountant about the right structure before you buy.
Which option suits a business owner?
It depends on what you're buying and how you'll own it. This table is general information, not a recommendation: your broker can explain what may be available to you.
| Your goal | What may be available | Good to know |
|---|---|---|
| A home to live in | Ijaar home finance, with full doc or, on selected Ijaar home finance, alt doc | Company income may be usable on selected Ijaar home finance |
| An investment property | Ijaar home finance | Individuals, companies and trusts; some options are for individuals only |
| Building a new home | Construction finance on selected Ijaar home finance | For fixed-price building contracts; alt doc isn't available for construction |
| Business premises in your name, a company or a trust | Our Islamic commercial finance, on selected Ijaar finance | Commercial purchases are considered by exception |
| Business premises through your SMSF | Al-Mustaqbal SMSF finance | Commercial purchases only; a corporate trustee, and every member gives a personal guarantee |
For business premises, see our Islamic commercial finance for companies and trusts page.
Does the Shariah structure change for business owners?
No. The way you show your income doesn't change how Ijaar home finance works.
- The financier appoints you as its agent (wakeel, under a Wakalah agency agreement) to buy the property on its behalf.
- You're the registered owner on the title from settlement. The financier holds a registered mortgage and a beneficial interest (an ownership share).
- You pay rental for the use of the financier's share. With Principal and Rental, you also make payments that reduce the amount financed.
- When all payments are made, the financier's ownership share passes to you.
Al-Mustaqbal SMSF works differently: it uses Diminishing Musharakah, a partnership in which one partner gradually buys out the other's share, and the fund pays a dividend rate. Neither Riyadh Financial Services nor brokers give SMSF advice. Speak to a licensed financial planner or an accountant licensed to give SMSF advice.
What are the pros and cons for business owners?
Possible pros
- On selected Ijaar home finance, you may be able to use company income.
- Full doc and alt doc options, and a choice of borrower types.
- A structure based on rental on a real asset, not riba.
Possible cons
- Approval isn't certain: every application is assessed against credit criteria.
- Some options are for individuals only, and alt doc isn't available for construction.
- Fees and charges apply, so compare the total cost, not just the rate.
How do you apply as a business owner, step by step?
- Talk to a broker about what you want to buy. If you don't have a broker, contact us and we can refer you to an accredited broker.
- Ask your accountant about ownership structure and to prepare your recent financials.
- Your broker confirms the documents you need and lodges your application with the financier.
- If your application meets the financier's criteria, it may issue a conditional approval.
- The financier arranges a valuation and, if approved, issues your finance contracts.
- Your solicitor or conveyancer coordinates settlement.
How can Riyadh Financial Services help?
Riyadh Financial Services arranges Shariah-compliant property finance through accredited mortgage brokers. Accredited brokers must act in your best interests under Australian credit law (the best interests duty), and they work across Australia, in person or online.
- Ijaar home finance for a home to live in or an investment property, with full doc and, on selected Ijaar home finance, alt doc options.
- Islamic commercial finance on selected Ijaar finance for individuals, companies and trusts.
- Al-Mustaqbal SMSF finance for funds buying commercial property.
Our product structures are reviewed by our independent Shariah adviser. Ask us for the current Shariah certificate and what it covers. We explain how our structures work, but we don't give religious rulings, and you're always welcome to seek your own scholar's view.
Keep reading:Islamic home finance for self-employed borrowers · Full doc vs alt doc Islamic home finance · Islamic commercial finance for companies and trusts