benzinga: Meet the Mortgage Brokers Helping Muslim-Australians Achieve the Australian Dream
07 Dec 2021 benzinga.com
MELBOURNE, Australia, Dec. 7, 2021 /PRNewswire/ -- Access to Islamic finance is helping Muslim-Australians and Muslim migrants in Australia ethically achieve the Australian dream of owning property with a Halal home loan. Expert Sharia loans provider Hejaz Financial Services explains how Halal finance works and how Sharia-compliant financial services could be a huge part of the future of Australia's financial sector.
Hejaz Financial Services recently surveyed 400 Australian Muslims, finding that 46% have taken out a mortgage from a traditional finance provider 'reluctantly', knowing that traditional products don't comply with their faith. The research also found that 15% of those who used a traditional finance provider as their mortgage broker were not made aware of the fact that a typical mortgage could compromise their religious beliefs.