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What is the key difference between Islamic finance and traditional Australian finance?

The key difference is that Islamic finance is structured in accordance with Shariah laws and Muslims are restricted by their faith from paying and receiving interest.

An Islamic “Loan” is better described as a Financing Facility. It is a Financing arrangement which is based on the principles of Sharia (Islamic Laws). An Islamic Financing Facility is formed when funds, which have been sourced from compliant sources of funding, are provided to a client, using an Islamic Financing Facility Contract. This contract comprises Islamic Financing principles and aligns with Australian Credit regulations. Our products are independently certified by Islamic authorities as being Sharia compliant and are audited for Sharia compliant on a semi-annual basis.