Income Fund

Australia’s first Shariah compliant registered retail mortgage fund

The MCCA Income Fund is Australia’s leading investment option for Muslims looking to grow their wealth through Shariah compliant and strong investment options.

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Proud track record

First offered in 2009 and has continually paid returns on a monthly basis since.

Independent Shariah certification

A Shariah compliant income investment product certified by MCCA’s independent Shariah Advisors.

Asset class spread

Investments are spread over many property types, providing diversification for your investment portfolio.


The fund is a regulated retail managed investment scheme and operates under an Australian Financial Services License.

Independently audited

Performance and compliance is independently audited every 6 months by an established (Big 4) audit firm.

Competitive returns

The Fund return is benchmarked to the Bloomberg AusBond Bill Index. While past performance is not an indicator of future performance, the Fund has consistently outperformed this benchmark.

Once you have read the relevant Product Disclosure Statement (PDS), please contact us for further details or apply by clicking below.

Apply now → 

Click here to access the PDS.

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 2023 2022 2021 2020 2019 2018
Funds Under Management
Fund Return %
Benchmark Return %
Benchmark Outperformance %
  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

Student Saving Program

Have you considered saving for your child’s education and future?

$95* weekly can help you raise

$62,204 within 10 years
  • Minimum Balance: $1000 Investment
  • No Entry Fees
  • Profits Distributed Monthly
  • No Exit Withdrawal Fees
  • Over 30 Years of experience as Australia's first registered shariah compliant investment fund
  • Online Access to All your Investment Products

$95* weekly can help you raise $62,204 within 10 years

  • Minimum Balance: $1000 Investment
  • No Entry Fees
  • Profits Distributed Monthly
  • No Exit Withdrawal Fees
  • Over 30 Years of experience as Australia's first registered shariah compliant investment fund
  • Online Access to All your Investment Products
MCCA Income Fund is a registered managed investment scheme (ARSN 138726931) issued and managed by MCCA Asset Management Limited. A Product Disclosure Statement (PDS) is available and required for this investment. A copy of the PDS can be obtained from the Manager. This investment is not a bank term deposit and has risks that may affect your return. Contact your financial advisor for advice on whether this investment meets your personal financial objectives.

*Assumes 4% pa return
Returns are not guaranteed and past returns are not indicative of future returns

The Income Fund in a nutshell

The MCCA Income Fund provides finance facilities based on Shariah finance principles and Australian finance and investment law. 

In keeping with Shariah finance principles, the Fund does not invest in activities that are deemed unethical, such as alcohol, gaming, pornography and arms. The assets of the fund comprise only of registered first mortgages and cash, with investments predominantly in residential mortgages in major Australian capital cities.

A leading investment option that has returned positive results to investors, it is characterised by the following features:

  • Low-medium risk: The MCCA Income Fund is designed to provide investors with a regular income. The Fund invests in Australian capital city residential and commercial properties. Fund monies are secured by first ranking mortgages.
  • How it works:  The Fund raises money from Investors which are pooled, and then Shariah compliant finance contracts secured by registered mortgage are provided to clients from the pool. Income net of fees and costs is distributed back to investors.
  • Minimum investment: The minimum investment in the Fund is $1000 or 1000 Units, or such other amounts as the Manager (MCCA Asset Management Limited) may determine from time-to-time.
  • Minimum investment term: 6 months. Withdrawing within the first 6 months may incur a fee (please download and read the PDS in full to learn more).

Income Fund key features: 

  • 6 month minimum investment term*
  • No entry fees
  • No exit or withdrawal fees*
  • Minimum investment of $1,000
  • Savings & reinvestment plans available
  • Income distribution takes place monthly
  • Fund registered with regulator
  • Competitive investment returns compared to bank term deposits
  • Low to medium investment risk profile.

* Conditions apply. For full product details, download our Product Disclosure Statement (PDS) for more information.

The Fund is suitable for:  Individuals, joint applicants, partnerships, companies, and superannuation funds seeking to earn recurring income earned within a pooled managed Investment scheme.
I chose to invest in the MCCA Income Fund and it is a decision I am proud of. What this Fund offers is the opportunity for someone with funds for short term or long term investments because it allows someone to obtain a halal return on funds which they may not be able to obtain from conventional means
Ramzi Elsayed
Doncaster, VIC
When I retired, I received a sum of money which I wanted to invest in an Islamic way. I take comfort that the MCCA Income Fund has been around since 2009 and of course the MCCA group has a proud history in helping Australian Muslim families with their finance and investment needs. I am looking for a managed fund with a track record. The MCCA Income Fund has given me that.
Elsayed S. Kandil​
Smithfield, NSW

Frequently Asked Questions

If you have a question, you may find the answer below. Otherwise, feel free to contact us if you have a query and our team will be happy to assist you.

The MCCA Income Fund is a “Managed Investment Scheme” registered with the Australian Securities and Investment Commission. 

The scheme can invest in residential and commercial mortgage facilities. The net profit of the scheme is distributed to investors every month

You must obtain and read the current Product Disclosure Statement (PDS) issued for the Income Fund before investing. There are risks with this investment as there are with most, as outlined in the PDS (please refer to section 5).

1000 Units is the minimum investment at AUD$ 1.00 per Unit (AUD$ 1,000.00). The maximum Units that can be invested under the Constitution are 10% of the total issued Units in the Fund.

No. The rate of return from the Income Fund is the same regardless of whether you invest AUD$1,000 or AUD$1,000,000.

The minimum term to invest in the Income Fund is 6 months.

After 6 months have passed, investors may redeem the Units (with 30 days’ notice).

Under the Fund’s Constitution, MCCA Asset Management Limited (MCCAAM) is under no obligation to process requests for return of your funds prior to the expiry of the agreed term of the Investment Option chosen by you. 

However, MCCAAM may, at its discretion and subject to the availability of new investors to take your place or other available funds, consider withdrawal requests in special circumstances. There may be a fee charged for early withdrawal – please refer to Section 4 titled ‘Fees’ in the PDS.

No. There is no fee to open an investment.

By law, persons who are not Australian citizens or residents are allowed to invest in Australian registered managed investment schemes. Such persons will need to provide suitable identification and complete all the other requirements outlined in the PDS for the Income Fund.

Please refer to a suitably qualified taxation accountant to advise you on the tax consequences of investing in the Income Fund.

You have the right not to disclose your TFN but we will be required by law to withhold tax from your profit at the highest income tax bracket.

Please refer to a suitably qualified advisor to guide you on the tax consequences of investing in the Income Fund and withholding your TFN.

Following your initial application with the Fund, you will be given a unique Unit-Holder Number and can make additional investments electronically using the internet, telephone, or Bpay. 

Please call on 1300 724 734 for more details on how to do so.

Distribution is credited to your account on the last day of the month. At the end of the month, we calculate the net profit of the fund that can be distributed to investors.

Each investor then receives profit based on the daily weighted average balance of their investment in the fund.

There is no cooling-off period.

Since its inception in 2009, the Income Fund has provided over $15 million o help fund the development of 50 mosques and community centres all over Australia. 

At present, the Income Fund is the only source of Shariah compliant finance for community development projects. 

Your investment in the Income Fund thus has a direct impact on the betterment of the community.

Investors wanting to withdraw funds from their account are required to complete a Redemption Form and attach a copy of their certified identification. This form can be found 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 →

Withdrawal Form

Since 1989, MCCA has helped over 10,000 in Australia own their own home. If you are looking for a competitive, Shariah compliant property finance option, MCCA is the leading choice for you.

Access here

NZ Investor Disclosure

Our disclosure to investors from New Zealand, as per New Zealand finance and investment regulations

Access here →

Application Form

To invest in the Fund as an individual or with other individuals in a joint fashion, complete this Application Form and return it to us. 

Access here →

Application Form
(Companies, Trusts, Super Funds)

To invest in the Fund as a business, trust or super fund, complete this Application Form and return it to us. 

Access here →


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 →

Choose the Islamic Fund that has a strong track record

The MCCA Income Fund has a strong track record of delivering results 

Income Fund Application

It’s easy to apply for the MCCA Income Fund. This first stage should take less than 2 minutes. Once you have completed and sent this form, a dedicated Investor Relations Officer will contact you by phone within 1 business day to finalise the next stages of your application.

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.