Islamic Commercial Finance
Looking for Islamic commercial finance? Sharia Finance can help.
What Is Islamic Commercial Finance
Islamic commercial finance is available in Australia and can be used for most business purposes. This type of finance is available to individuals, sole traders, partnerships, companies and trusts
What Can Be Financed?
Commercial finance is broad and can include many business-related purchases. A few examples include:
- Purchase of a commercial property
- Construction of a commercial property
- Plant and equipment
- Shop fit out and stock
- Specialized equipment e.g. Medical or mechanical
If you have a commercial scenario or a unique situation that you would like to discuss with us further, simply contact us to find out how we can help.
Are There Different Types Of Islamic Commercial Finance
There are multiple types of Islamic commercial finance in Australia and these are largely defined by the finance contracts. Below you will find a list of the most common forms of these contracts. Please note that not all are available in Australia
Ijarah Muntahia Bittamleek (Lease To Buy)
This is a form of rental agreement where a funder will finance a property and you will pay agreed rental instalments to the funder. These rental instalments can be either fixed or variable and will occur over an agreed rental period. In addition to paying rent for the portion of the property you do not own, you will also make additional payments to buy back the ownership from the funder. At the end of the lease period, you have the option to buy the property from the funder. The amount the funder sells the property for at the end of the agreement is typically a couple of hundred dollars as your have fulfilled your rental agreement
Ijarah wa-iqtina (Lease with gift)
This is a form of rental agreement where a funder will finance an asset and you will pay agreed rental instalments to the funder. These rental instalments can be either fixed or variable and will occur over an agreed lease period. The difference between Ijarah Muntahia Bittamleek and Ijarah wa-iqtina is that with the latter, at the time of purchase – the funder signs a separate agreement to ‘gift’ the asset at the end of the rental period rather than to sell it to the client.
Are You Eligible For Islamic Finance? Take Our Free Quiz Below!
It can be difficult to navigate Islamic commercial finance in Australia. At Sharia Finance, our team of Islamic specialists have significant experience helping our clients around Australia to successfully apply for Islamic Investment Finance.
Our team support you every step of the way including discussions about different Islamic funders and their contracts, negotiating with the funder on your behalf and managing the application all the way until the funds are paid.
If you would like to speak with us about your personal circumstances, simply give us a call or request a call using our online booking platform.
Take our free eligibility quiz below
Looking to buy or refinance? Take our short quiz to see if you are eligible to apply for Islamic finance
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