ABOUT US

Primary Objectives:

• ICFA Limited is a registered Australian Co-operative.
• Provides methods of investment & finance opportunities for its members in line with Islamic principles (Halal): Equity Profit & Loss sharing concept, which is fair, simple and straightforward.
• Facilitates earning Halal income.
• Facilitates ownership of property (home, vehicle & other approved tangible assets).
• Facilitates performing social & religious obligations for Muslim members i.e., Zakat & Hajj
• Establishes feasible joint venture or partnership deals with members & similar organisation.

Office & Fund Management:

Your fund is being managed by well-qualified experienced personnel and relevant professionals according to the approved guidelines of the Co-operative and Shariah Board.

Administration of Investment :

You buy shares or investment units after you become a member of ICFA limited at any time. You can withdraw $1000 equivalent of the share per month at any time. A greater amount needs one-month notice to ICFA Ltd.

Administration of Finance:

• An applicant needs to be a member (hold annually a minimum 5 shares valued at $100 per share; wait for 6 months and can contribute 20% equity of total purchase price of the property) before applying for finance for a nominated property.
• When you need finance for buying vehicle, house, consumer’s durables or other properties, you enter in a Co-ownership or Partnership agreement with ICFA Limited.
• The Co-ownership is determined according to the proportional contribution to the agreed value of the asset.
• You will be the full owner of the asset through options as:
• Pay an agreed monthly installment to the ICFA until 100% of the total agreed value is paid.
• Pay an agreed monthly rental and installment of the purchased cost of the asset under the Shared Equity Rental Scheme.

To invest, you need to become a member by simply filling an application form and mail it to our address with a cheque payable to ICFA with the payment of $100 membership fee and a number of shares purchased (5 shares minimum i.e. $500).

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