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MCCA's Home Deposit Savings Program

Reach your deposit goals sooner with the MCCA Income Fund

Saving for a home deposit? How MCCA can help!

At MCCA, we’re all too aware how challenging it can be to save up for a home deposit or getting your finance approved for whatever reason.

In the present environment, attaining finance to purchase a property is an achievement in itself. 

We’re here to help our community work towards their savings goals so that their home deposit – and their home ownership dream – can become a reality

MCCA’s Home Deposit Savings Program is powered by the MCCA Income Fund: The first registered investment scheme offered and tailored to the Australian Muslim Community.  

By channelling your savings into the MCCA Income Fund’s Home Deposit Savings Program, you can get one step closer to your home deposit goals by potentially increasing your wealth.

By investing part of your earnings into the Income Fund, you can build a steady proof of funds that becomes your home deposit. Are you interested in this opportunity? 

Reliable

With a 35+ year track record, we provide a compelling Islamic finance option for the Muslims of Australia.

Shariah Compliant

Driven by our Islamic values and ethos, our Shariah advisors ensure all our products are Shariah compliant.

Competitive

Our terms are competitive with the best finance options available on the open market.

Customer-centered

We put our customers first in all we do, and are always available to serve their needs.

MCCA is a leading Islamic finance provider borne from the need to address the financial, banking and investment needs of the Australian Muslim community through Shariah-compliant finance and investment products.

Since our inception, we have committed ourselves to Integrity, Excellence, Innovation, Faith and People. 

We are also an avid supporter of the Muslim community’s broader social and communal needs, sponsoring mosques, schools, community events and much more to help build a thriving, holistic community that sees strong institutions built that support our diverse needs.

* (1) Assumes 4.5% return (p.a.) over investment term (2) Returns are not guaranteed; past performance is not indicative of future performance.

Our Vision

To be the leading provider of Islamic finance and investment products in Australia.

Our Core Purpose

Giving Businesses and Families the opportunity to achieve their financial goals, in accordance to Islamic principles.

The MCCA Income Fund:
Powering Our Community’s Future

The Home Deposit Savings Program is powered by our Income Fund, Australia’s first Shariah compliant registered retail mortgage fund.

A track record of strong results

Since its inception in 2009, the MCCA Income Fund has over-achieved its performance benchmark (Bloomberg AusBond Bank Bill Index). Our growth and performance over the last 3 financial years.

The MCCA Income Fund was established in 2009 as part of a long-term vision of facilitating the introduction of a variety of investment options that adhere to Islamic finance principles. 

Fund Performance Summary

Year End 30 June 2024 2023 2022 2021 2020
Funds Under Management
93,631,000
84,800,000
84,200,000
63,300,000
65,500,000
Fund Return %
4.47
2.39
2.70
2.86
3.74
Benchmark Return %
4.28
0.09
0.05
0.84
1.95
Benchmark Outperformance %
0.19
2.30
2.65
2.02
1.79
  1. Past performance is not indicative of future performance
  2. There is a Product Disclosure Statement (PDS) available for this investment. A copy of the PDS can be downloaded from this web site.
  3. The fund is not a term deposit and there are investment risks with this investment. Refer to the PDS.
  4. You should refer to your advisor for how this investment affects your personal financial objectives.

*Bloomberg Ausbond Bank Bill Index *Balance receivable to value ratio (BRVR) is the Shariah version of Loan to value Ratio (LVR).

For full details please click here

Forms & Documents

To download the MCCA Income Fund PDS and application forms, please click on the relevant document below: 

Product Disclosure Statement

All you need to know about the Income Fund in order to make the right decision for your investment choices. 

Access here →

TMD

Read the MCCA Income Fund TMD here. This is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers.

Access here →

Ready to begin saving towards your home deposit?

If you’re keen to find out more, fill out the form below. One of our team members will be in touch with you as soon as possible!

Melbourne Head Office
(all States except NSW &  ACT)
169 Sydney Road
Coburg, VIC 3058

1300 724 734

Sydney Office
(NSW and ACT only)
125 Haldon Street
Lakemba, NSW 2195

1300 724 734

Opening Hours
Mon-Thurs:
9:30AM – 5:00PM

Friday: 9:30AM – 12:00PM,
1:30PM-5:00PM

Finance Application

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.