ICFAL formed in 1998 by a group of highly motivated volunteers is a leading Islamic Finance provider operating in NSW, ACT, Western Australia, Queensland, Victoria and South Australia providing Shariah-compliant finance for housing, vehicle and community infrastructure. ICFAL has its offices in Parramatta, Western Sydney and now employs five staff members in order to operate as a professional finance organization complying with Islamic financial guidelines within the stringent Australian regulations and laws pertaining to financial institutions. The idea of ICFAL was catalyzed when one of the foremost authority on Islamic finance Mufti Muhammad Taqi Usmani visited Australia during the late nineties and exhorted the Muslim community to initial Shariah-compliant financial institutions in order to avoid usury/interest. This ICFAL was formed in 1998. ICFAL offers a line of products, which include ordinary account, Children’s Investment Fund, Superannuation fund account, Hajj fund account, Jakat fund account as well as financial products like home finance, car finance and Qard hasan (Hardship finance).