Amanah Islamic Finance

What Amanah Islamic Finance does

Amanah Islamic Finance is a privately held Australian mortgage manager founded in 2014 that specializes in Shariah-compliant home, commercial, and asset finance for the Australian Muslim community and ethically minded borrowers. The company operates under Australian Credit Licence 461889 and structures all products using an Ijarah (Islamic leasing) model built on Wakala and Wa'ad contractual frameworks, in which the financier purchases the asset and the customer makes rental payments comprising principal and profit margin, with an undertaking allowing purchase at settlement. Its product portfolio spans home purchase, refinance, construction, investment property, SMSF finance (up to 80% LVR and $2M), commercial and development finance ($10M-$50M deals), commercial vehicle and equipment finance, and Islamic financial planning via the wholly-owned subsidiary Amanah Superannuation and Investment Pty Ltd.

The business model is a mortgage manager with a direct-to-consumer, sales-led go-to-market supported by national referrer channels generating 100+ loan enquiries per month. Distribution is delivered through dedicated finance specialists in each Australian state (VIC, NSW, QLD, SA, WA) plus phone, online portal, and physical offices in Melbourne/Brunswick and Melbourne/Coburg. Revenue is generated from rental/profit-margin payments on residential and commercial finance books, origination economics on new transactions, and professional services fees from the superannuation and financial planning arm. The company monetizes via recurring payment streams on its financed book rather than transactional fees alone.

A dual-layer Shariah compliance system underpins the offering: monthly internal audits are conducted by Imam Uzair Akbar (President of the Islamic Council of Queensland) with external Shariah oversight provided by Amanie, a global Shariah advisory firm. Amanah was the first institution in Australia to receive an Islamic finance endorsement from the Board of Imams Victoria in 2017, has been named Best Australian Islamic Finance Institution by IFN in 2018, 2020, 2022, and 2024, and in 2025 became the first Australian Islamic finance institution to win the global IFN Best Real Estate Financier award. The company is co-led by Asad Ansari and Waqar Mirza JP and operates with a small team of finance specialists and authorized credit representatives; ownership is founder-controlled with no disclosed external institutional investors.

Name

Amanah Islamic Finance

Legal name

Amanah Islamic Finance Australia Pty Ltd

Website

https://amanah.com.au

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Amanah Islamic Finance is a privately held Australian mortgage manager, founded in 2014, that provides Shariah-compliant home, commercial, SMSF, and equipment finance using an Ijarah rental-to-own model, serving Australian Muslim consumers, SMSFs, and small-to-mid businesses across all five mainland states.

Ownership category

akta.pro rank

Product category

Islamic Retail Banking

NAICS

Sales Financing (52222), Commercial Banking (522110), Finance and Insurance (52)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Shariah-compliant home finance
• Islamic mortgage solutions
• Commercial Islamic finance
• SMSF property finance
• Ijarah rental financing

Headquarters

HQ city

Brunswick

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Residential Home Finance: Shariah-compliant home financing for residential properties including owner-occupier, investment, construction, and land finance. Revenue generated through rental payments comprising principal amount and profit margin.
2. SMSF Property Finance: Self-Managed Super Fund property financing for residential investment and commercial property. Limited recourse financing up to 80% LVR.
3. Commercial Finance: Shariah-compliant commercial finance for businesses including commercial/development finance, retail/office premises, corporate facilities, warehouse/factories, and mixed-use developments.
4. Vehicle & Equipment Finance: Rental-based equipment and vehicle finance using Islamic principles. Revenue from rental payments over agreed terms.
5. Islamic Financial Planning: Superannuation and investment advice services following Islamic principles through Amanah Superannuation and Investment Pty Ltd.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Amanah Islamic Finance provides Shariah-compliant home financing and commercial finance solutions to Australian customers, structured on the Ijarah (Islamic leasing) model with Wakala and Wa'ad contractual frameworks. The company offers residential home finance (owner-occupier, investment, construction, refinance), SMSF property finance, commercial and development finance, and vehicle and equipment finance, all interest-free and ethically structured per Islamic principles.

Product overview

Amanah Islamic Finance offers a comprehensive suite of Shariah-compliant financial products centered on an Ijarah (leasing) financing model. The core portfolio includes Home Purchase Finance, Refinance, Construction Finance, Investment Property Finance, Owner Occupier Finance, and SMSF Finance for residential needs, complemented by Commercial / Development Finance, Commercial Vehicle & Equipment Finance, and SMSF Commercial Property Finance for business clients. Additional services include Superannuation & Financial Planning and Islamic Financial Planning. All products are structured as interest-free alternatives to conventional mortgages, with a dual-layer Shariah compliance system involving internal audits by Australian-based imams and external oversight by the Amanie Shariah board. The company also offers flexible features including variable and fixed rates, offset accounts, redraw facilities, and various finance term options.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchase Finance
• Refinance
• Construction Finance
• Investment Property Finance
• Owner Occupier Finance
• SMSF Finance
• Commercial / Development Finance
• Commercial Vehicle & Equipment Finance
• Superannuation & Financial Planning

Quantifiable outcome

• $500M+ in Shariah-compliant home finance provided across Australia since 2014
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Board of Imams Victoria (BOIV)coreStrategic or Co-development Partner · 29 June 2017First ever Islamic finance endorsement issued to Amanah by the Board of Imams Victoria. This endorsement represents over 12 months of work assisting BOIV in their thorough deliberation and review of Amanah's home finance products. BOIV is the state members of ANIC (Australian National Imams Council).
• Amanie (Shariah Advisory)coreStrategic or Co-development Partner · 1 January 2015Amanie is a world-renowned Shariah advisory firm that serves on the boards of major Islamic banks globally. They developed Amanah's products and serve as the external Shariah board conducting regular audits of Amanah's affairs.
• PGW Financial Services Pty LtdcoreStrategic or Co-development PartnerAmanah Superannuation and Investment Pty Ltd is an Authorised Representative of PGW Financial Services Pty Ltd (AFSL 384 713, ABN 15 123 835 441) providing superannuation and financial planning services.
• Leading Australian Mortgage ManagercoreStrategic or Co-development PartnerJoint venture with one of Australia's leading independent mortgage managers with over 100 years of combined experience in both bank and non-bank lending. Partner provides operational support and processing infrastructure.
• Imam Uzair AkbarcoreStrategic or Co-development PartnerPresident of Islamic Council of Queensland who heads internal Shariah compliance and conducts monthly audits of all Amanah's Shariah-compliant contracts and processes. Supervises annual external Shariah audits.
• Justice (ret) Mufti Muhammad Taqi UsmaniminorStrategic or Co-development PartnerEminent Islamic scholar whose authoritative views on Islamic finance (published in his text on Islamic jurisprudence) inform Amanah's Ijarah financing model and compliance framework.
• Synergy Home LoansminorStrategic or Co-development PartnerAmanah Islamic Finance partnered with leading financial institutions for best practice processes and to ensure customers' home financing is managed by significant and reputable Australian financial service providers.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Westpac: One of Australia's 'Big Four' banks, having partnered to offer Islamic home finance products to Muslim Australian customers. Comparable as a mainstream lender competing for the same property-finance demand pool, though Islamic finance is a niche offering.
• National Australia Bank (NAB): Major Australian bank that has historically offered Shariah-compliant home finance through specialist partners. Overlaps in target market but Islamic finance is a peripheral line within a much broader retail and commercial portfolio.
• RESIMAC: Australian non-bank residential and commercial lender and mortgage manager. Comparable in operating structure (Australian mortgage manager distributing via broker/referrer channels) though not Shariah-focused.
• Bank Australia: Customer-owned Australian bank with explicit ethical-investment mandate and limited Shariah-aligned product offerings. Comparable as an Australian ethical-finance competitor targeting values-driven consumers, though without dedicated Islamic home finance.
• Liberty Financial: Australian non-bank lender and mortgage manager operating a JV-style origination and servicing platform. Comparable operating model (independent mortgage manager with partner-funded balance sheet) rather than product overlap.

Emerging players

• Islamic Bank Australia: Recently launched fully Shariah-compliant Australian retail bank pursuing an IAD (Islamic Authorised Deposit-taking Institution) licence. Targets the same Australian Muslim home-finance customer and poses an emerging direct competitive threat as it scales its lending book.

Direct peers

• Hejaz Financial Services: Australian specialist in Islamic superannuation, investment, and wealth management operating under similar Shariah governance. Comparable target customer (Australian Muslims) and product overlap in financial planning and SMSF-adjacent services.
• Gatehouse Bank: UK-based Shariah-compliant challenger bank offering Shariah home finance and property investment products. Comparable as an internationally certified Islamic home financier competing in the same IFN award categories.
• Guidance Residential: US-based Shariah-compliant home financier (~$5B+ cumulative originations) using Diminishing Musharaka structures. Direct international peer in Shariah home finance, named alongside Amanah in the 2025 IFN Best Real Estate Financier award context.
• MCCA (Members' Capital Community Australia): Australian member-owned cooperative offering Shariah-compliant home and personal finance using similar Ijarah-based structures. Most direct domestic competitor, serving the same Muslim Australian customer base with comparable product mix and Shariah oversight.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amanah Islamic Finance