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An Australian Dream - an ISKAN Facility The ratio of home ownership in Australia is amongst the highest in the world, with more than 71% of Australian families occupying their own homes. This ratio is likely to be maintained or increased, and like all Australians, Australian Muslims are eager to derive the security, stability and financial independence provided by home ownership. The Murabaha Facilitation Programme has been developed to assist with that objective. Why is the Murabaha Facilitation Programme different? The Murabaha Facilitation Programme has been developed under the guidance of the Shariah Committee to provide the Islamic community with a "Halal" model to finance home acquisition that satisfies the Shariah guidance & complies with Australian legislation, including the Consumer Credit Code. The Murabaha Facilitation Programme provides residential property finance for self-employed & salaried people with a minimum 10% deposit. A Murabaha property facility is for 25 years, starts at $50,000, has a limit of $500,000 & is repaid by monthly direct debit Murabaha payments to Perpetual Trustee Company Limited. Please
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THE
MURABAHA FACILITATION PROGRAM
