Islamic Bank Australia logo

1300 ISLAMIC (1300 475 264)

Australia’s first
Islamic bank is here

We’re now officially a bank and building
our systems.  We’re not open yet.

Australia’s first Islamic bank is here

We’re now officially a bank and building
our systems. We’re not open yet.

We're not open for business yet. We're a "Restricted ADI" which allows us to build our systems and test our products before 5 July 2024. We then plan to obtain APRA approval to launch publicly.

Join our waiting list and we'll let you know the moment we're ready.

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Digital. Ethical. Halal.

Australia’s first and only
Islamic Bank

All our banking products are endorsed by
prominent Shariah scholars.
We bring you choice – a choice to choose
Halal for your banking needs.
Our products are signed off as Shariah-compliant
by our Shariah Committee, and are priced competitively.

21st century digital
banking at your fingertips

Wherever you are, and whatever technology
you use, your banking is only a click away.
You’ll be able to open your Everyday Account
just by downloading our app – quick and simple.  We’ve worked hard at putting together
an amazing mobile banking experience that will make banking a breeze.

Ethics are at the core
of our banking services

If you believe a bank can be a force for good,
then you’re in the right place.  Our team
are building a bank where ethics is at the
core of everything we do. We’re proud Aussies,
and we want to make Australia even better.
We’ll only bank socially and
environmentally
friendly industries when we launch.

Australia's first and only
Islamic Bank

All our banking products are endorsed by
prominent Shariah scholars.
We bring you choice – a choice to choose
Halal for all your banking needs. Our
products are signed off as Shariah-compliant
by our Shariah Committee, 
and are priced competitively.

21st century digital
banking at your fingertips

Wherever you are, and whatever technology
you use, your banking is only a click away.
You’ll be able to open your Everyday Account
just by downloading our app – quick and simple.
We’ve worked hard at putting together
an amazing mobile banking experience
that will make banking a breeze.

Ethics are at the core
of our banking services

If you believe a bank can be a force for good,
then you’re in the right place.  Our team
are building a bank where ethics is at the
core of everything we do. We’re proud Aussies,
and we want to make Australia even better.
We’ll only bank socially and 
environmentally
friendly industries when we launch.

An incredible 
digital experience is coming soon.

Open your account instantly through the app anywhere across Australia.  Pay with your Visa Debit card on your phone or watch. Transfer funds between banks in real-time using the New Payments Platform (NPP).

Our digital team is putting together a cutting edge mobile banking experience that makes banking the Halal way easy.

And if you need help, chat to a real person live.

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An incredible digital experience is coming soon.

Open your account instantly through the app anywhere across Australia.  Pay with your Visa Debit card on your phone or watch. Transfer funds between banks in real-time using the New Payments Platform (NPP).

Our digital team is putting together a cutting edge mobile banking experience that makes banking the Halal way easy.

And if you need help, chat to a real person live.

Previous
Next

How does Islamic banking actually work?

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Ethical banking is
in our DNA; we
make ethical
decisions in
whatever we do.

We’re a member of the United Nations Global Compact, and we live by their ten principles for a better world.

Ethical banking is in our DNA; we make ethical decisions in whatever we do.

We’re a member of the United Nations Global Compact, and we live by their ten principles for a better world.

We're already helping to create a better world...
...and we absolutely refuse to bank a range of industries
We're already creating a better world...
...and we absolutely refuse to bank a range of industries
Soon, you'll have a choice.

Australia’s first halal bank is coming.

Everyday accounts

An Everyday Account with an amazing digital banking app.  Go shopping, transfer funds and pay bills in a flash. Use our Visa Debit card to withdraw cash at ATMs across Australia and the world wherever Visa cards are accepted.  Just like the big banks, the first $250,000 deposited with us will be protected by the Australian government’s Financial Claims Scheme (FCS).  Coming soon!

Term deposits

Earn profit-share – not interest – with Australia’s first-ever halal bank savings accounts.  Choose a term that suits you – be it 30 days, 60 days, or even twelve months. We will put your funds to work hard for you, and share profits back with you. As an Islamic bank with ethical banking at its core, we will only invest your funds in socially and environmentally conscious activities.  Coming soon!

Home finance

Ijarah-based home finance across Australia, with similar costs to other Aussie banks.  Whether you are buying or refinancing to live in or as an investment, we’ll soon be offering amazing Shariah-compliant home finance plans across Australia.  When we’re ready, you’ll be able to arrange an appointment with one of our home finance consultants via video or face-to-face.  Watch this space!

Everyday accounts

An Everyday Account with an amazing digital banking app.  Go shopping, transfer funds and pay bills in a flash. Use our Visa Debit card to withdraw cash at ATMs across Australia and the world wherever Visa cards are accepted.  Just like the big banks, the first $250,000 deposited with us will be protected by the Australian government’s Financial Claims Scheme (FCS).  Coming soon!

Term deposits

Earn profit-share – not interest – with Australia’s first-ever halal bank savings accounts.  Choose a term that suits you – be it 30 days, 60 days, or even twelve months. We will put your funds to work hard for you, and share profits back with you. As an Islamic bank with ethical banking at its core, we will only invest your funds in socially and environmentally conscious activities.  Coming soon!

Home finance

Ijarah-based home finance across Australia, with similar costs to other Aussie banks.  Whether you are buying or refinancing to live in or as an investment, we’ll soon be offering amazing Shariah-compliant home finance plans across Australia.  When we’re ready, you’ll be able to arrange an appointment with one of our home finance consultants via video or face-to-face.  Watch this space!

We're not yet open for business. The products above are a guide only.
Our customer
waiting list is growing every day!

Be one of the first customers to join Australia’s halal digital bank!

Australia

10041 on the list

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Important regulatory notice

We hold a restricted ADI authorisation granted by the Australian Prudential Regulation Authority (APRA). This authorisation allows us to offer banking services, but is subject to certain restrictions such as a cap on the amount of deposits that we can hold in total. The purpose of the “restricted” status is that we can test our systems and processes before launching as a fully unrestricted bank.

We do not currently meet the full prudential framework and/or requirements, and you should consider this before depositing funds with us. After the completion of our “restricted” phase, we plan to obtain APRA’s approval so that we can publicly launch.

Acknowledgement of Country

We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank.  Our corporate head office is in Darug Country. We pay our respects to Elders past, present and emerging.   

Important regulatory notice

We hold a restricted ADI authorisation granted by the Australian Prudential Regulation Authority (APRA). This authorisation allows us to offer banking services, but is subject to certain restrictions such as a cap on the amount of deposits that we can hold in total. The purpose of the “restricted” status is that we can test our systems and processes before launching as a fully unrestricted bank.

We do not currently meet the full prudential framework and/or requirements, and you should consider this before depositing funds with us. After the completion of our “restricted” phase, we plan to obtain APRA’s approval so that we can publicly launch.

Acknowledgement of Country

We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank. Our corporate head office is in Darug Country.  We pay our respects to Elders past, present and emerging.   

Copyright © Islamic Bank Australia Pty Ltd. ABN 37 609 971 280. AFSL and ACL 534355. AFCA member 76324.

Information on this website does not take your personal circumstances, needs or objectives into account. Please consider its appropriateness for you.   We are not yet open for business.  We are a Restricted ADI and do not yet meet the full prudential framework, and you should consider this before banking with us once we are open for business.  Fees and charges may apply, as well as terms and conditions which you should review. Information on this website is subject to change. In order to open a credit product in future, you will need to meet our credit criteria and be approved.  Please review the product disclosure documentation provided at the time of opening your account for detailed information.