Islamic Co-Operative Finance Australia Limited
55 Phillip Street, Parramatta New South Wales 2150
About Islamic Co-Operative Finance Australia Limited
Welcome to Islamic Co-Operative Finance Australia Limited (ICFAL), located at 55 Phillip Street, Parramatta. As an establishment dedicated to providing finance solutions in accordance with Islamic principles, we offer thoroughly screened products that adhere strictly to these principles.
Since 1998, ICFAL has been pioneering Australian Islamic Finance, accumulating extensive experience in the industry. We are proud to serve a community of over 4000 members who come together to finance various projects and ambitions through Islamic contracts. In return, our members receive attractive dividends on their investments.
At ICFAL, we understand the importance of securing the future of your children. That's why we offer the opportunity to set aside a fund for them, allowing you to earn returns on the amount as you continue to increase the fund towards a future they truly deserve.
Planning a trip to Makkah? Choose ICFAL to finance your journey and earn Shariah compliant returns, helping you reach your targeted amount faster at your desired pace.
If you're considering switching your Self Managed Super, ICFAL is the perfect choice. Join a fund of over $50 million that provides Shariah compliant returns on its investments.
Dreaming of owning your own home? ICFAL offers halal financing options, allowing you to invest your hard-earned money the halal way and make your dream of owning a house a reality.
Looking to purchase a new car? ICFAL is here to support you every step of the way. Our car financing product gives you the opportunity to own your dream car and enjoy driving with your loved ones.
We were honored to have Furqan Jabbar, a renowned writer of amazing content for kids, visit our office. This highlights our commitment to providing resources and experiences that cater to the needs of our diverse community.
Please note that if you are considering applying for house finance with us, there is a 6-month waiting period. This ensures that we can provide you with the best possible service.
At ICFAL, we are dedicated to promoting Islamic finance knowledge in the community through education. We believe that by spreading awareness and understanding, we can contribute to a more financially literate society.
We are delighted to share that we have successfully completed our Shariah audit from the Meezan Bank team in March 2023. This reaffirms our commitment to upholding Islamic principles in all our operations.
We are also excited to announce that Hasib has joined our team as the latest Islamic finance intern at ICFAL. His expertise and passion for Islamic finance will contribute to our mission of providing exceptional service to our members.
As we celebrate our 25th anniversary, we are thrilled to unveil our brand new visual identity. This identity captures and expresses our values, products, and promise to build a better community.
Interested in investing your Super in halal and ethical investments? ICFAL offers various options to suit your needs and beliefs.
Have questions about Children Education Funds? We have all the answers you need. Our knowledgeable team is always available to provide guidance and assistance.
To help you manage your finances effectively, we provide calculators that allow you to do the math and make informed decisions.
Remember, if you ever need help, we're always here to answer your questions and provide the support you need.
Join ICFAL today and be part of a community that understands and respects Islamic principles while achieving your financial goals.
Photos of Islamic Co-Operative Finance Australia Limited
12/55 Phillip St, Parramatta NSW 2150, Australia
Opening hours of Islamic Co-Operative Finance Australia Limited
Monday:
09:00 - 17:00
Tuesday:
09:00 - 17:00
Wednesday:
09:00 - 17:00
Thursday:
09:00 - 17:00
Friday:
09:00 - 17:00
Saturday:
Closed
Sunday:
Closed
Reviews of Islamic Co-Operative Finance Australia Limited
"If you are looking to upgrade or purchase a new car, I highly recommend you consider using Islamic Co-Operative Finance Australia (ICFAL). The whole process from my first contact with them, through to approval and two weeks later picking up the car, was nothing but extremely professional, efficient and courteous. I not only have the relief of knowing my car purchase is Halal and Mubarak InshaAllah, the payment rates and terms are also very market competitive. I can not recommend them highly enough."
"Brother Ahmed was really helpful and acted promptly as I had a specific time frame to finalise all the paperwork. I didn’t know how murabaha financing works and he explained it well. Would recommend consulting brother Ahmed if you’re enquiring about financing anything!"
"I am a member of ICFAL for more than 15 years now. I always use them for car finance when I need it, but mostly for a halal place to save my money without delving into interest. I never have a problem when I need to withdraw my money. The customer and support staff are always ready to help and always very nice. 10 out of 10 for me."
"Excellent customer support and clear and smooth process. They truly try to follow an equity based Islamic model of mortgage while the models from other Islamic finance players in Australia seem to closely resemble the conventional interest based mortgage in my humble opinion."
"Very satisfied with ICFAL's customer service, both in-person and over the phone. Highly recommend them to Australian Muslims for Riba-free living. Hoping they receive ample funding to expand and serve more customers in future."
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