Islamic Bank Australia logo

1300 ISLAMIC (1300 475 264)

Bank with us every day. An incredible everyday account with an amazing digital experience.

Wadiah-based transaction accounts – coming soon.

Bank with us every day. An incredible everyday account with an amazing digital experience.

Wadiah-based transaction accounts – coming soon.

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.

An incredible Shariah-compliant Everyday Account
for your day-to-day banking needs - coming soon

Pay on your phone or watch. Go shopping. Withdraw cash at ATMs in Australia and around the world.  All with a world-class mobile banking experience.

No monthly account keeping fees

Enjoy awesome banking with Islamic Bank Australia and pay absolutely no monthly account keeping fees.

Access your account anywhere using Visa Debit card

Use your Debit Visa anywhere around the world where Visa is accepted. Tap and pay with ease.

Deposit and withdraw cash

Deposit and withdraw from ATMs across Australia.

Shariah-compliant

Our Everyday Account uses the Islamic principle of Wadiah (safe-keeping your funds with a financial institution) and is signed off by prominent Islamic scholars.

Regulated by APRA

We are regulated by the Australian Prudential Regulation Authority just like the big banks, and the first $250,000 deposited will be protected by the Australian government's Financial Claims Scheme (FCS).

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An incredible Shariah-compliant Everyday Account
for your day-to-day banking needs - coming soon

Pay on your phone or watch. Go shopping. Withdraw cash at ATMs in Australia and around the world.  All with a world-class mobile banking experience.

No monthly account keeping fees

Enjoy awesome banking with Islamic Bank Australia and pay absolutely no monthly account keeping fees.

Access your account anywhere using Visa Debit card

Use your Debit Visa anywhere around the world where Visa is accepted. Tap and pay with ease.

Deposit and withdraw cash

Deposit and withdraw from ATMs across Australia.

Shariah-compliant

Our Everyday Account uses the Islamic principle of Wadiah (safe-keeping your funds with a financial institution) and is signed off by prominent Islamic scholars.

Regulated by APRA

We are regulated by the Australian Prudential Regulation Authority just like the big banks, and the first $250,000 deposited will be protected by the Australian government's Financial Claims Scheme (FCS).

Previous
Next
Open your accounts online anytime

You will be able to join us as a customer in minutes by downloading our mobile app. Simply provide your passport or driver's licence to meet our identification requirements.

An amazing experience designed from scratch

We're building an Islamic bank with all the latest technology. An incredible, simple digital banking experience like no other is coming soon.

Transfer funds and pay bills in a flash

Quick tap to transfer funds to your friends and family. Pay bills to regular suppliers quickly and easily.

Chat/speak to a real person through our app

Need help? You'll be able to chat to us live in the app, or call 1300 ISLAMIC to get assistance. We're here to help you anyway we can.

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

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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 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.