Our Story
20+ years of member service
How ICFAL started
Our story begins in 1998 with a group of motivated Muslims who started ICFAL to provide Muslims in Australia with Shariah Compliant financing.
This idea of a cooperative fund to avoid interest/usury was encouraged by Mufti Taqi Usmani, a pioneer in Islamic Finance, during his visit to Australia in the late '90s.
25 years and counting
Over the years ICFAL has provided various financing products. Alongside providing these essential Islamic Financial products, ICFAL participated in community building projects like building Masjids, Schools & Islamic Institutes.
Fast forward 25 years, now we over 5,000 members and a total of $55m in member funds that operates out of offices in Parramatta and Western Sydney. With professionalism and trust in our day-to-day operations, ICFAL continues to be one of the leaders in Australian Islamic Finance.
