SERVICES

ICFAL Investment Portfolio

• Housing finance
• Vehicle finance
• Hajj fund
• Zakat fund
• Qard Hasan (Benevolent) fund
• Children Education fund
• Small business finance
• Finance for other household goods

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).

FUTURE SERVICES

• Islamic Insurance and Funeral Fund.