Afiyah Review - Halal Finance Products

Afiyah (Afiyah Capital Pty Ltd, ACN 694 519 438 | ABN 17 694 519 438) is a Melbourne-based Islamic finance brokerage operating as an authorised Australian Credit Representative (CRN 577318), with an office in Truganina in Melbourne's outer west and a stated Australia-wide service footprint. It is a broker in the strict sense: it provides credit assistance, recommends products, and manages applications, while an external lender or financier issues and holds the actual finance contract. Its named leadership - Aamir Shaik (Director of Operations), Mohammed Arafat (Director of Growth), Thofeyal Ahmed (Head of Lending Operations), and Peter Juan (Head of Client Services) - fronts a firm that claims to have guided 250+ families and is actively hiring brokers.

What separates Afiyah from every other Australian broker we crawled is its Shariah governance page. Rather than asserting compliance, it documents a framework: every Islamic finance product recommended must first pass review and certification through ADL Advisory, an independent Shariah advisory firm founded by Dr Mufti Yousuf Sultan - a Registered Shariah Adviser with the Securities Commission Malaysia and Labuan FSA, and an AAOIFI Master Trainer and Working Groups member. The review is document-level: sale contracts, Ijarah rental documents, supplementary agreements, fee treatment, arrears and default mechanics (with supplementary agreements limiting certain charges to actual verifiable costs), and the client-facing explanation process. ADL's engagement includes ongoing monitoring, Shariah meetings, and audit support rather than a one-off stamp, and a certificate summary is downloadable.

Just as notable is what Afiyah refuses to claim. The governance page repeatedly stresses that certification applies only to a defined scope - 'Where a product is issued by a lender, licence holder or finance provider, the certification is based on the relevant product documentation' - and warns against reading it as a blanket endorsement across all products, lenders, or structures. That scope-honesty is the correct posture for a broker, and it is rare. The flip side is opacity where consumers most want light: no wholesale funder is named anywhere on the site, the ACL under which its credit representative number operates is not identified, and no product carries published pricing. The six solution lines (Ijarah home finance, refinance, investment property, SMSF property finance via Murabaha or Ijarah, staged development finance, and equity release) are all real practice pages with sober copy - the refinance page in particular maps discharge costs, equity, and serviceability rather than promising an easy exit from riba.

For consumers, the calculus is straightforward. If you want a guidance layer whose recommendations arrive pre-certified by a named scholar's firm - and you are comfortable learning the funder's identity during the process rather than before - Afiyah is arguably the most rigorous broker-side option in Australia today. If you would rather deal directly with a named originator whose own board publishes its rulings, a direct provider like Hejaz or MCCA removes the intermediary layer entirely. Either way, Afiyah's own advice applies: ask for the certificate, understand the scope, and know who holds your contract before you sign.