An introduction to Islamic Finance
Projected to reach around $2 trillion this year in asset value, the growth of Islamic finance and the versatility of its unique services has caught the attention of both Muslims and non-Muslim investors alike.
Projected to reach around $2 trillion this year in asset value, the growth of Islamic finance and the versatility of its unique services has caught the attention of both Muslims and non-Muslim investors alike.
From the trade routes expanding out to Africa and Asia of the past to the Western expansion of the present, Islamic finance has seen its fair share of global pioneers, users and investors – both Muslim and non-Muslim alike!
While the expansion of Islamic finance industry as we know today seems relatively recent, the core values of Islamic finance remains the same as it was revealed in the holy Qur’an thousands of years ago, just reformatted in the mid 20th Century to be more compatible with modern banking.
Ijarah Muntahia Bittamleek (lease to own) is a mode of finance which is adopted by Islamic Financial Institutions. It is a contract where the Islamic
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Acknowledgement of Country
We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank. Our corporate head office is in Darug Country. We pay our respects to Elders past, present and emerging.
MCCA Ltd | ABN 45129968172 | Australian Credit Licence 388808 | MCCA Asset Management Limited | ABN 18113728706 | AFSL 291356
We congratulate you for making the right choice and selecting the halal home loan alternative. Firstly, complete the home mortgage form below. Once you have completed and submitted this form, a dedicated MCCA sales executive will contact you within 1 business day to walk you through the next stage of your application.