Last updated 14 November 2026 · Reviewed by Riyadh Financial Services Compliance
At a glance
- RevenueSA charges stamp duty on land, and Land Services SA charges fees to register the transfer.
- South Australia's first home owner grant and its stamp duty relief for first home buyers are separate, and you apply for each one separately.
- A foreign ownership surcharge may apply when a buyer isn't an Australian citizen or permanent resident.
- First home? See Islamic home finance for first home buyers.
Can you get an Islamic home loan in Adelaide?
Yes. When people in Adelaide search for an "Islamic home loan", what we offer is Ijaar home finance: Ijarah, a lease that ends in ownership, with no interest. You can use it for a home to live in or an investment property in metropolitan or regional South Australia, subject to credit criteria.
What should you know when buying a home in South Australia?
- Two sets of government costs.RevenueSA charges stamp duty on land transfers, and Land Services SA charges fees to register the transfer. RevenueSA points buyers to calculators for both.
- Your conveyancer usually handles duty relief. RevenueSA says that in most cases the person managing your settlement, such as your conveyancer or solicitor, lodges the first home buyer stamp duty relief application for you.
- Foreign ownership surcharge. If a buyer isn't an Australian citizen or permanent resident, a foreign ownership surcharge may apply on top of stamp duty, in full or in part.
What help is there for first home buyers in South Australia?
RevenueSA runs two programs. The eligibility criteria are similar, but you apply for each separately, and if you don't qualify for the grant you may still qualify for the relief.
| Question | First home owner grant | First home buyer stamp duty relief |
|---|---|---|
| What it is | A payment towards your first home | Relief from stamp duty; it isn't a payment you receive |
| Which property | A newly built or substantially renovated home, an apartment bought off the plan, or a home you have built under a building contract | A new home, or vacant land to build your home on |
| Who lodges it | An approved agent, or you can apply to RevenueSA yourself | Usually your conveyancer or solicitor, or you can apply yourself |
| Living in it | The home must be your principal place of residence | A residence requirement applies |
Property value caps and other conditions may apply. If you're eligible, the First Home Owner Grant can be applied for as part of your finance application on selected Ijaar home finance.
How does Ijaar home finance work?
The financier appoints you as its agent (wakeel, under a Wakalah agency agreement) to buy the property on its behalf. The financier holds a registered mortgage and a beneficial interest (an ownership share), which passes to you when all payments are made. You pay rental for the use of the financier's share, with Principal and Rental, or Rental Only for a limited period. The rental rate can be variable, or fixed for a period on selected Ijaar home finance.
Who can apply in South Australia?
People 18 years and over who are Australian or New Zealand citizens or Australian permanent residents, as individuals, companies or trusts. Selected Ijaar home finance also accepts some temporary visa holders living in Australia, and some Australians, New Zealanders and Australian visa holders living overseas. We don't offer finance to non-residents.
How do you get Islamic home finance in Adelaide, step by step?
- Talk to a broker about your plans. If you don't have a broker, contact us and we can refer you to an accredited broker.
- Your broker lodges your application, and the financier assesses it against credit criteria.
- Your conveyancer checks the contract, applies for any stamp duty relief and coordinates settlement.
- At settlement, you become the registered owner on the title.
How can Riyadh Financial Services help in South Australia?
Riyadh Financial Services arranges Shariah-compliant property finance through accredited mortgage brokers, who must act in your best interests under Australian credit law (the best interests duty). Accredited brokers work across South Australia, in person or online. If you don't have a broker, contact us and we can refer you to an accredited broker.
- Ijaar home finance to buy, or to refinance, a home or an investment property.
- House and land with HomePay on selected Ijaar home finance: a rental deferral period that starts at land settlement. The deferred rental is calculated upfront and included in the finance amount, so you pay more over the life of the finance.
Our product structures are reviewed by our independent Shariah adviser. Ask us for the current Shariah certificate and what it covers.
Keep reading:Islamic house and land finance with HomePay · Construction finance progress payments · Ijaar home finance
Islamic home finance in other states:New South Wales · Victoria · Queensland · Western Australia · ACT · Tasmania · All state guides