If you want to see what good documentation looks like in Australian Islamic car finance, load the Hejaz auto finance page: the contract structure is named (Cost + Profit Financing, Murabaha), the terms are concrete, and a signed Shariah compliance certificate from Minarah Consulting, dated 28 March 2026, is downloadable on the spot. In a market where compliance claims usually float free of evidence, that is the standard the rest should meet. This review covers what the product offers, what it hides, and who should quote it first. Verified August 5, 2026.
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The product
Hejaz Financial Services, Australia's largest Islamic finance group, finances new, demo and used vehicles under Murabaha: Hejaz acquires the car and resells it to you at a disclosed cost-plus-profit price paid in instalments, a trade transaction rather than an interest-bearing loan, so the profit is fixed at contract and does not compound. Published terms: finance up to $150,000 over 3-7 years, a balloon payment option, unlimited additional repayments without penalty, and both PAYG and self-employed applicants accepted, with Target Market Determinations published for personal and business use plus a credit guide. Exclusions are clearly listed: grey imports, kit cars, motorcycles and scooters. That parameter set covers the practical mainstream of Australian car buying, salaried or self-employed, new or used, at price points up to genuinely expensive vehicles.
The governance file
This is where Hejaz's product leads the market. The page names Minarah Consulting as the external Sharia Supervisory Board for Hejaz, responsible for independently certifying compliance and conducting comprehensive Shariah audits, and links a signed Shariah Compliance Certificate for Car Finance dated 28 March 2026: current, product-specific and downloadable. Behind that sits the group's named internal Shariah board (Al Manjoo, Alamad, Omarjee). Compare the competition: Baraqah publishes no scholar or certificate at all; the broker tier claims certified funders without naming them; only Ijarah Finance's September 2025 FSAC certificate (on a business-only product) and Insaaf's named four-mufti team compete on paper. For a buyer whose first requirement is verifiable religious evidence on a consumer product, Hejaz's car finance is the reference point.
What it will not tell you
The rate. The page carries a Competitive Rates banner and publishes no profit rate whatsoever; pricing emerges only in application. That is the norm in this market, but Hejaz has less excuse than most, because its own funded product brokered through Safa Pacific publishes rates from 8.14% p.a. along with score cut-offs and vehicle-age rules. In other words, a visible Hejaz price exists in the market, just not on Hejaz's own page. Use that: quote both channels and compare. The second gap is the balloon option. A Murabaha sale price is fixed upfront by definition, and how a balloon interacts with that fixed price is a genuine Shariah-mechanics question the site does not answer. If you want the clean version of the structure, decline the balloon; if you want the balloon, ask Hejaz to explain its treatment and put the answer next to the certificate.
How it compares with the field
Against the consumer competition, Hejaz's position is strong on paper and untested on price. Baraqah beats it on access (0% deposit options, Centrelink incomes, rideshare drivers, bad credit case by case) and on cost transparency, publishing a worked example where Hejaz publishes a banner; Hejaz beats Baraqah decisively on governance evidence, since Baraqah names no scholar at all. ICFAL offers members co-op-funded Murabaha with just a $100 lifetime membership and no establishment or monthly fees, but its calculator caps terms at five years against Hejaz's seven, and its markup is as unpublished as everyone's. Insaaf's small-ticket product cannot follow Hejaz past $40,000. And Sharia Finance's brokered Murabaha matches the range ($10,000 to $100,000) with private-sale coverage Hejaz's page does not advertise, but with unnamed funders behind it. The clean shortlist for a mainstream salaried buyer remains Hejaz direct plus the Safa Pacific channel, with one of the above as a price check.
Application notes
Practical details worth knowing before you engage. Both PAYG and self-employed applicants are accepted, with Target Market Determinations published for personal and business use plus a credit guide, disclosure hygiene most of this market skips. The finance covers new, demo and used cars up to $150,000 over 3 to 7 years. If you take the balloon option, understand that it concentrates cost at the end of the term and that the site does not explain its Shariah mechanics; if you skip it, your obligation is a plain fixed schedule with unlimited penalty-free extra repayments, the structure at its cleanest. And since the certificate is the product's headline asset, actually download and file it with your contract set; it is dated 28 March 2026 and product-specific, which is exactly what you want to be able to show anyone who asks.
Verdict
Hejaz's auto finance is the best-documented Islamic car finance product in Australia: named structure, signed and dated external certificate, concrete published terms, wide eligibility. Two quotes discipline it properly: the Safa Pacific channel (same funder, visible terms from 8.14% p.a., but vehicle age capped at 8 years and a 130% LVR ceiling worth refusing) and one competitor, Baraqah for access cases or ICFAL for co-op members. Get the Hejaz profit rate in writing early; the paperwork is exemplary, and the price should have to compete like everyone else's. Full market context is in our complete car financing guide; compare structures in Murabaha vs Ijarah or browse the car financing hub.
Frequently asked questions
What structure does Hejaz car finance use?
Murabaha, named on the page as Cost + Profit Financing: Hejaz buys the vehicle and resells it to you at a fixed disclosed price paid in instalments over 3-7 years, up to $150,000. The profit is set at contract and never compounds.
Is Hejaz car finance certified?
Yes, with the market's best evidence: a signed Shariah compliance certificate for car finance from Minarah Consulting, dated 28 March 2026, downloadable from the product page, alongside the group's named internal Shariah board.
What rate does Hejaz charge on car finance?
Unpublished; the Competitive Rates banner resolves only in application. The same funder's product brokered via Safa Pacific publishes rates from 8.14% p.a., which is the best available public benchmark for your quote.
What vehicles are excluded?
Grey imports, kit cars, motorcycles and scooters. New, demo and used cars are in scope with no published age cap on the direct product. PAYG and self-employed applicants are both accepted.
Compare providers in your state
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
Should I use Hejaz direct or the Safa Pacific channel?
Quote both; the funder is the same (the brokered product's insurance clause names Hejaz Islamic Credit Solutions). The Safa Pacific channel shows its terms upfront (from 8.14% p.a., Equifax above 500, vehicles to 8 years) but caps at $100,000 and permits a 130% LVR we advise against using; Hejaz direct reaches $150,000 with no published age cap and the stronger certificate trail. Take whichever written quote prices your file better.