Hejaz Financial Services Hejaz Home Financing (Gold / Essential / Flexible)
Islamic Home Financing in New South Wales
Australia's largest Islamic home financing lineup, from Hejaz Financial Services (Hejaz Capital Pty Ltd, corporate authorised representative under AFSL 517686): three published tiers - Gold (up to $2,000,000, 5% deposit), Essential (up to $3,000,000, 20% deposit) and Flexible (up to $25,000,000, 20% deposit, including construction finance) - all Ijarah-based with shared beneficial ownership and unlimited additional repayments. Eligibility criteria and Target Market Determinations are published per tier; profit rates are not - pricing requires an application or appointment.
Hejaz is the scale player in Australian Islamic home finance, and it shows: three clearly-tiered products, published deposit requirements and maximums ($2M/$3M/$25M), fixed and variable variants evidenced by separate TMDs, and unusually complete eligibility documentation. Sharia governance is the strongest we found in the Australian market on paper - a named three-scholar board plus Minarah Consulting as external auditor-certifier. The frustrating gap is pricing: unlike Australian competitors that publish indicative profit rates, Hejaz publishes none, so comparison shopping means booking an appointment. Contract mechanics also stay behind the application wall. If you want a large, professionally governed Islamic financier and can tolerate opaque pricing during research, Hejaz belongs on your shortlist; push for the rate sheet and the Shariah certificate early in the process.
Pros
- Three published tiers with clear maximums and deposits - Gold allows just 5% deposit (up to $2M), Flexible reaches $25M including a construction variant
- Unlimited additional repayments published across all tiers
- Named three-scholar Sharia Board plus external certification by Minarah Consulting - stronger dual-layer governance than most AU competitors
- Non-bank Islamic funding claim addresses funding-source purity, a differentiator versus bank-funded Islamic windows
- Detailed eligibility criteria published (PAYG and self-employed documentation, employment minimums), plus TMDs for every tier
Cons
- No profit rates or comparison rates published anywhere on the site - pricing requires an application or appointment
- Ijarah contract mechanics (rent benchmarking, ownership-transfer schedule) are not publicly documented
- No product-specific Shariah certificate linked on the home financing page (unlike auto finance's dated certificate)
- 5% deposit option is limited to the Gold tier; other tiers require 20% down
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Product Details
Structure
Ijarah
Features
Gold: up to $2,000,000 at 5% deposit (fixed & variable TMDs), Essential: up to $3,000,000 at 20% deposit, Flexible: up to $25,000,000 at 20% deposit, incl. construction finance, Unlimited additional repayments on all tiers, Ijarah structure with shared beneficial ownership, Deposit Builder program via Hejaz Income Fund for savers, Non-bank Sharia-compliant funding sources (claimed)
Max Amount
$25,000,000 (Flexible tier)
Down Payment
5% (Gold) / 20% (Essential, Flexible)
Hejaz Financial Services in New South Wales
Hejaz Financial Services's Ijarah structure offers New South Wales buyers a halal path to homeownership: instead of an interest-bearing loan, the contract is built on shared ownership or leasing of the property itself. Before paying any application fee, confirm with Hejaz Financial Services that it finances property in your part of New South Wales, and ask how the structure is treated under New South Wales duty rules, since lease-based and co-ownership contracts can move title differently from a standard mortgage. Hejaz Financial Services operates across Australia, so New South Wales residents have full access to this product.
Shariah Compliance & Oversight
Hejaz publishes a named three-scholar Sharia Board (Dr Faizal Ahmed Al Manjoo, Dr Samir Alamad, Bilal Omarjee) and names Minarah Consulting as external Sharia Supervisory Board that 'independently certifies the Sharia compliance of all Hejaz offerings' with comprehensive Sharia audits. The Sharia page describes dual-layer, 3-tier governance.
2026-08-05
Why It's Halal
Hejaz structures its home finance on Ijarah - its Sharia page states products are 'based only on Sharia compliant underlying principles including Ijarah finance', and contrasts its model with a conventional loan: 'Home buyer and financier agrees to share beneficial ownership of the property', a shared-ownership lease arrangement rather than an interest-bearing debt. The company also emphasises 'Non Bank Funding' - it says its funding sources themselves comply with Islamic principles, addressing the common objection that Islamic windows are funded by riba-based warehouses. Oversight is dual-layer: a named in-house Sharia Board (Dr Faizal Ahmed Al Manjoo, Dr Samir Alamad, Bilal Omarjee) plus Minarah Consulting as an external Sharia Supervisory Board conducting audits and certification across Hejaz offerings. What is missing is contract-level transparency: Hejaz does not publish the Ijarah contract mechanics (how rent is benchmarked, how ownership transfers), and no product-specific home-finance Shariah certificate is linked from the home financing page the way the auto product's dated Minarah certificate is. Buyers get a genuinely structured Islamic product with real governance, but should ask for the contract documents and the applicable Shariah certification before signing.
Regional Availability
Hejaz Financial Services serves all of Australia
✓ Available nationwide including New South Wales
Get a Quote: Hejaz Financial Services
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NationwideHalal Home Finance Estimate - New South Wales
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Monthly
$2,023
Total Cost
$728,142
Total Profit
$408,142
Estimate only. Actual terms vary by provider.
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.