Speak with our team today. We'll walk you through the Bai' Mu'ajjal contract, answer your questions, and help you find the right repayment structure for your situation.
Our Homebuyers and Motor Vehicle TMD is available free of charge. Read it before applying to ensure this product is right for you.
Speak with our team today. We'll walk you through the Bai' Mu'ajjal contract, answer your questions, and help you find the right repayment structure for your situation.
Our Homebuyers and Motor Vehicle TMD is available free of charge. Read it before applying to ensure this product is right for you.
Must be an Australian citizen or Permanent Resident who meets our finance eligibility criteria.
Seeking to acquire a new or used car under a Shariah-compliant form of contract for private, domestic, consumer purposes only.
Must be at least 18 years of age. A driver's licence report will be required as part of the credit assessment.
Must have a verified income source — salaried or otherwise — sufficient to service the fixed monthly instalments over the contract term.
Must provide sufficient security in accordance with Baytulmaal's eligibility criteria, including PPSR registration over the vehicle.
A credit-worthy guarantor is required who can independently satisfy Baytulmaal's credit assessment and support your contract obligations. Applicants without an eligible guarantor fall outside the target market unless approved by the Director of the Responsible Entity.
The Bai' Mu'ajjal structure is a deferred sale, not a loan. There is no interest element — ever.
Baytulmaal Finances Limited holds both an Australian Financial Services Licence (AFSL) and an Australian Credit Licence No. 355094.
Your monthly instalments are set at the start and never change — no rate rises, no variable surprises.
The total cost and profit margin are disclosed upfront in your contract, with no hidden charges or fees.
We invest in the Australian Muslim community by making Shariah-Compliant financing accessible and practical.
Our product is both Shariah Compliant and fully compliant with Australian law — regulated, responsible and recognised.
Quran - Al-Baqarah 2:275
Speak with our team to discuss your needs, budget and the vehicle you have in mind. We'll explain the Bai' Mu'ajjal contract in plain language.
A PDS and TMD are available at www.baytulmaal.com.au and should be read before proceeding. Read them carefully- no decision should be rushed.
Provide all necessary supporting documents by uploading them as part of your application, ensuring your information is verified and complete.
Complete your application online or via our assisted channel. Our credit team will assess your income, serviceability and security.
On approval , the Bai' Mu'ajjal contract and related documents will be sent to you for review. Baytulmaal arranges acquisition of the motor vehicle and you sign the Bai' Mu'ajjal contracts. Your fixed monthly instalments begin as set out in your contract.
The vehicle is yours. Make your fixed monthly payments through the agreed term — and enjoy the peace of mind that comes with halal ownership.
