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Islamic home finance calculator

Estimate your regular payments on Ijaar finance using a rental rate, compare refinancing your home or commercial property to Ijaar finance, or estimate Al-Mustaqbal SMSF payments using a dividend rate. Enter your own amounts; we don't fill in a rate for you.

Last updated 15 November 2026 · Reviewed by Riyadh Financial Services Compliance

The amount the financier contributes towards the property.

% a year

Ask your broker for a current rental rate. We don't fill one in for you.

years

years

Rental Only payments cover the rental and don't reduce the amount financed. It's available for a limited period; your broker can confirm what applies.

How often you pay

Enter the amount financed, a rate and a term to see an estimate.

How it works: with Ijaar home finance (Ijarah Muntahia Bittamleek, a lease that ends in ownership), you pay rental for the use of the financier's share of the property. With Principal and Rental payments, part of each payment also reduces the amount financed, so the rental gets smaller over time. When the final payment is made, the financier's ownership share passes to you, so you own the property outright.

This estimator is general information only. It isn't a quote, an offer of finance or credit advice, and it doesn't consider your objectives, financial situation or needs. It assumes the rate you enter stays the same for the whole term and that payments are made at the end of each period, and it leaves out fees and charges. Results are rounded to the nearest dollar. Actual payments depend on the financier, the product and your circumstances. Fees, charges and credit criteria apply. Riyadh Financial Services, Authorised Credit Representative 547213 of Kuone Pty Ltd, Australian Credit Licence 504193.

Keep reading:How Islamic home finance works · Is Islamic home finance more expensive? · Refinancing to Islamic home finance · Buying costs checklist · First home buyers · Al-Mustaqbal SMSF finance

FAQs

Frequently asked questions

Is this an Islamic home loan calculator?+

People often search for an Islamic home loan or halal mortgage calculator. This estimator does that job for our Ijaar home finance: it works out payments from a rental rate, because the financier earns rent on its share of a real asset, not a return on money lent.

Why does the estimate look like a home loan repayment?+

Payments spread over a term are worked out with the same kind of maths, so the numbers can look alike. What differs is the contract: with Ijaar home finance you pay rental for the use of the financier's share and buy that share over time, and at the end the financier's ownership share passes to you, so you own the property outright.

What's the difference between a rental rate and a dividend rate?+

Ijaar finance uses a rental rate: rent for the use of the financier's share of the property. Al-Mustaqbal SMSF uses a dividend rate: your fund pays a dividend on the financier's remaining contribution under Diminishing Musharakah, a partnership that reduces over time.

Can I refinance to Ijaar finance?+

Yes, for a home or a commercial property, subject to the financier's criteria. Your broker can compare your current finance with Ijaar finance, including the costs of switching. Al-Mustaqbal SMSF finance is for commercial property purchases only, so it isn't available to refinance.

Does the estimate include fees?+

No. It leaves out fees and charges and, for SMSFs, the ongoing costs of running your fund. In the refinance comparison you can add your switching costs. Your broker can explain the full costs before you apply.

Where do I get a rental rate or dividend rate?+

From your accredited broker, who can tell you what's currently available for your situation. If you don't have a broker, call us or use our contact form and we can put you in touch with one.

Next steps

Want to talk it through?

An accredited broker can explain how our Ijaar home finance could work for your situation and help you apply.

Talk to your broker, or contact us and we can refer you to an accredited broker. Call +61 2 7202 7900 or chat with us at riyadhfs.com.au/contact-us.

Talk to us →

Reviewed by Riyadh Financial Services Compliance · Last updated 15 November 2026

General information only. It isn't financial, tax, legal or religious advice and doesn't consider your objectives, financial situation or needs. Fees, charges and credit criteria apply.