How Are You Protected Under Australian Law
Amanah understands that purchasing a home is one of the most significant and long term financial decisions a person can make. Shariah compliance is one of the most important considerations for us in developing our products. In addition, it is also very important to us to ensure that our products are consistent with Australia’s regulatory and commercial framework.
Amanah’s home financing products are consistent with Australian laws which are aimed at protecting Australian consumers in similar home financing arrangements and which impose obligations of fairness and honesty on all finance providers.
Amanah’s home financing product has been reviewed by one of Australia’s leading authorities on consumer credit laws to ensure that our home financing products are compliant with the National Consumer Credit Protection Act 2009 (Cth) and the National Credit Code (Cth). This means that consumers of Amanah’s Shariah compliant products enjoy the same level of protection that Australia’s regulatory framework affords to other Australians.
In delivering this Shariah compliant home financing product Amanah has partnered with some of Australia’s leading financial institutions to ensure that our customers can have peace of mind that their home financing is being managed and serviced by significant and reputable Australian financial service providers, and that we have “best practice” processes in place to assure Shariah compliance.