Salaam is the rebranded Crescent group, relaunched in April 2024, best known for Islamic superannuation. Its home finance arm, Salaam Finance Pty Ltd, entered the market with something rare: certification you can actually download. This review covers the product as published, verified August 5, 2026, including the conspicuous absence at its centre.
Ready to compare halal options?
What the product is
Salaam Home Finance is Shariah-compliant residential finance for two purposes: buying a home and refinancing one. It is explicitly not an investment product; Salaam describes it as a financing arrangement created solely to help you buy a place to live. The structure is Ijarah: you enter a compliant agreement, your repayments increase your share of the property over time, and you work toward full ownership. Title mechanics follow the Australian pattern: the client's name is registered on the title from the start, on the Shariah understanding that during the agreement period the client holds the property as agent of Salaam Finance. The product is open to non-Muslims, and a six-month introductory offer was live at our review, terms unpublished.
The rate philosophy, which is genuinely distinctive
Most variable-rate products in Australia, Islamic or not, move when the Reserve Bank moves. Salaam publishes a different mechanism: asked whether its ijarah rate moves in line with interest rate changes, its answer is no, it does not; financing arrangements are reviewed at fixed intervals, which may or may not result in a rate change at the review. On benchmarks, Salaam is equally straightforward, citing the accepted scholarly position that Islamic providers may draw reference from a well-known interest-rate benchmark for determining instalments, and stating that this process is not the same as charging interest under a loan. You may or may not find that reasoning persuasive (ICFAL rejects benchmarks entirely, as we cover in our structure guide), but Salaam argues its position openly instead of hoping nobody asks, which is the behaviour this market needs more of.
The certification: market-leading paper
Salaam's compliance documentation is the best in Australian home finance on published evidence. The scholars of Amanie Advisors' Shariah Supervisory Board have certified the product, its application, terms and conditions and relevant documents; the Amanie Fatwa 2024 PDF is downloadable from the site; and the product undergoes an annual Shariah audit. Amanie Advisors is a globally recognised Shariah advisory firm (its scholars also certify MCCA internationally). Individual Amanie scholars are not named on Salaam's own pages, a minor gap given the firm's board membership is public. The funding stack is also disclosed with unusual candour: the funder is Salaam Finance Master Income Fund Pty Ltd, the manager is Allied Financial Consulting (ACL 393845), the program manager is Salaam Finance Licensing (credit representative 549757), and money comes from investors paid a regular revenue based on owners' rental payments, or from wholesale markets.
One more disclosure worth respecting: insurance. Because takaful is not currently available in Australia, Salaam's Islamic agreement has the client purchase conventional insurance on the financier's behalf. That is a compromise every Australian provider makes; Salaam is one of the few that writes it down.
The absence: no numbers, anywhere
Here is everything Salaam does not publish: rental or profit rates, deposit minimums, LVR caps, term lengths, fee schedules, and state availability. The introductory offer is advertised without terms. For a product this well-certified, the commercial disclosure is startlingly thin, and it means Salaam cannot be compared, even approximately, without entering its enquiry funnel. Our advice is mechanical: shortlist it for the governance, then force the numbers into writing (rate, review mechanism, deposit, LVR, every fee, and the introductory offer's exact terms and expiry) and compare against same-week quotes from MCCA, Hejaz and Amanah.
Where Salaam fits in a shortlist
Think of the governance tier as a four-way choice. Salaam holds the best single document (the downloadable 2024 Amanie fatwa covering the product, terms and documents) and the most distinctive rate mechanism (fixed-interval reviews decoupled from Reserve Bank announcements). Amanah beats it on audit cadence with monthly independent reviews against Salaam's annual commitment. MCCA beats it on track record and published product parameters: Salaam publishes no deposit floor, no LVR cap and no term lengths, so you cannot even establish eligibility without enquiring, where MCCA's $50,000 to $2,000,000 at 90% LVR is on the page. Ijarah Finance beats it on published exits ($100 discharge, no-break-cost fixed product). The rational use of Salaam today: shortlist it if certification quality is your first filter, extract the full number set in writing, and make it beat a same-week MCCA or Amanah quote on total cost before committing to a young product.
Verdict
Salaam Home Finance pairs the market's best certification paper with its thinnest commercial disclosure. The structure is sound and honestly explained, the fatwa is downloadable, the audit commitment is annual, the funding stack is named, and the rate-review mechanism is genuinely differentiated. But the product is young, track record is short, and every number that would let you compare it is behind the funnel. Treat it as a top-tier governance story with an unknown price tag, and make the price tag known before you commit. Browse alternatives on the home financing hub or get matched.
Frequently asked questions
Who certifies Salaam Home Finance?
The Shariah Supervisory Board of Amanie Advisors, which certified the product, its terms and its documents, with the 2024 fatwa PDF downloadable from Salaam's site and an annual Shariah audit committed. This is the most complete published certification of any Australian home financier we track.
Does Salaam's rate follow the Reserve Bank?
Salaam says no: arrangements are reviewed at fixed intervals rather than moving with official rate changes, and a review may or may not change your rate. Benchmarks may be referenced when calculating instalments, per the standard scholarly allowance Salaam cites openly.
What deposit and rates does Salaam require?
Unpublished. No deposit minimums, LVR caps, rates, terms or fees appear anywhere on the crawled site as of August 5, 2026. Get every number in writing through its enquiry process before comparing.
Who actually funds the finance?
A disclosed stack: Salaam Finance Master Income Fund Pty Ltd as funder, Allied Financial Consulting (ACL 393845) as manager, and Salaam Finance Licensing (credit rep 549757) as program manager, with funds sourced from investors paid from rental revenues, or wholesale markets.
Can non-Muslims apply?
Yes. Salaam states plainly that you do not have to be Muslim to apply. The product's terms are the same either way.
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.
Is Salaam the same company as Crescent?
Salaam is the rebranded Crescent group, relaunched in April 2024, with Islamic superannuation as its best-known business. The home finance product is delivered through Salaam Finance Pty Ltd with the funding and licensing stack described above, and is positioned strictly as owner-occupier finance for buying or refinancing a home, not an investment product.