All of ICFAL's processes are screened by our Internal Shariah Board. The Shariah Board adheres to a zero-tolerance policy for prohibited elements that makes us a 100% Shariah Compliant.
We are one of Australia’s few, and only Islamic finance organisations, that is community-owned and operated. This means all our members have a voice in the management of the organisation and will directly share in any profit and loss of the organisation.
No single person or small group of individuals own ICFAL. The profits and losses are owned and shared by the members.
Your Super has to be a Self Managed Super Fund (SMSF) which then becomes an Institutional Member of ICFAL. If you are yet to change your fund to an SMSF, your tax agent, accountant, or financial planner can help you set it up.
Having control over your retirement fund gives you the chance to invest your hard-earned money in Shariah-Compliant investments while building your retirement fund.
Superfund is the compulsory retirement fund mandated by the Australian Government for its citizens. Self Managed Super Fund (SMSF) allows you to take control and invest the fund into your chosen investments to earn ethical and halal returns.
You can apply online through our online form. Make sure you meet our basic eligibility criteria before applying.
The application process
1. Apply online
The online application may take a few minutes to complete where you’ll mention:
- Basic Details
- Contact Information
- Upload required documents
2. Deposit your fund
After your application is reviewed and approved, we will ask you to transfer your investment to ICFAL’s account.
3. Grow your investment
Enjoy halal returns on your investments and grow your fund.
See all related FAQs
For eligibility, you will need to ensure you:
- Are an Australian Citizen or Permanent Resident of Australia
- Are aged 18 or over
- Have a Self Managed Superfund (SMSF)