In Australia, Islamic Finance aims to offer a halal financing solution to Australian Muslims and non-Muslims who wish in the context of Islamic sharia to acquire for example real estate in Australia.
In Australia, Muslims being a minority and full‐fledged Islamic banks are not established yet, the country expects to approve soon Islamic financial products, including halal mortgage
Some few Australian Islamic lenders have started already business with the vision to address the financial, banking and investment needs of the Australian Muslim community by offering Islamic finance products.
Australian Islamic mortgage being a niche some of the Islamic financial institutions have facilitated a total of over $1 Billion in Islamic home finance and manages close to $50 million in investments.
AUSTRALIA'S ISLAMIC MORTGAGE LENDERS