Hejaz Financial Services, an Islamic financial services group with its head office in Melbourne, offers Sharia-compliant home finance. Hejaz does not charge interest; instead it uses an Islamic lease-to-own structure. This page is a factual profile to help borrowers understand who Hejaz is and where its home finance may fit. However, it is not an assessment or a recommendation.
Hejaz Home Finance at a Glance
| Item | Detail |
|---|---|
| Provider type | Non-bank Islamic finance provider; the home finance entity describes itself as a lender and mortgage manager |
| Owned by | Hejaz Group, founded by Hakan Ozyon, who remains its chief executive |
| Founded or established | Melbourne, in the early to mid 2010s (see notes on the exact year) |
| Headquarters | Melbourne, Victoria |
| Regulated by | ASIC Australian Credit Licence 480542 (Hejaz Islamic Credit Solutions Pty Ltd); not an APRA-regulated bank |
| Listed on the ASX | No |
| Home finance for | Home buyers seeking Sharia-compliant finance |
Ownership and History of Hejaz
Hakan Ozyon, who saw how hard it was for Muslims in Australia to find financial products that align with their faith, founded Hejaz Financial Services in Melbourne. The group offers Islamic superannuation, investments and finance, and Mortgage Professional Australia has reported on its ambition to become Australia’s first Islamic bank. However, Hejaz is not currently an authorised deposit-taking institution.
Hejaz provides home finance through Hejaz Islamic Credit Solutions Pty Ltd, which holds Australian Credit Licence 480542 and appears on ASIC’s credit licensee register in Melbourne. Hejaz describes this entity as a lender and mortgage manager. The group’s appointed Sharia advisers also assess its products against Islamic finance principles.
Hejaz brought its Islamic home finance to the broker channel around 2021 and has since joined aggregator lender panels, including a partnership with LMG announced in April 2024 and reported by Mortgage Professional Australia.
How Hejaz Home Finance Works
Conventional home loans charge interest. Hejaz instead uses an Ijarah, or lease-to-own, arrangement. Under this structure the financier acquires a share in the property and leases it to the customer. Each payment has two parts: one buys more of the financier’s share, and the other is a rental payment for the share the customer does not yet own. Over time the customer’s ownership grows until the property is fully theirs. Hejaz refers to profit or rent rather than interest, and it describes the structure on its own home financing page.
Where Hejaz Home Finance May Suit
- Muslim home buyers seeking a Sharia-compliant option. In particular, Hejaz structures finance to avoid interest and speculative arrangements, with oversight from its Sharia advisers.
- Buyers who want a choice of product tiers. Hejaz offers its home finance in several tiers, which it names Gold, Flexible and Essential, so it can match the structure to the buyer’s circumstances.
- Borrowers who want to use a broker. Hejaz distributes through accredited mortgage brokers and aggregator panels, so a broker can lodge and manage the application.
Home Finance Types Hejaz Offers
- Home finance for buying a home, structured as an Ijarah lease-to-own arrangement
- Tiered home finance products, which Hejaz names Gold, Flexible and Essential
Getting a Hejaz Home Finance Product Through Ingram Financial
Of course, every lender has its own policies, processes and quirks, and they change often. Rather than working through them on your own, let Ingram Financial help you navigate the maze and compare Hejaz with the other lenders on our panel.
Shannon Ingram, our principal broker, compares Hejaz home finance with the rest of the panel based on your goals, income and deposit. We work with clients across the Sutherland Shire and also, by phone and video, across Australia. Ingram Financial holds accreditation with Hejaz, so we can discuss Hejaz home finance alongside conventional lenders. In the meantime, to see current Hejaz products, use the lender filter in our comparison tool. Then contact us to talk through the options.
Hejaz Financial Services FAQs: Islamic Home Finance Explained
No. Hejaz is an Islamic financial services group, and its home finance entity holds an Australian Credit Licence regulated by ASIC. However, APRA does not regulate it as an authorised deposit-taking institution.
Hejaz Financial Services belongs to the privately held Hejaz Group, which chief executive Hakan Ozyon founded in Melbourne.
No. Hejaz uses an Ijarah, or lease-to-own, structure in which the customer buys the financier’s share of the property over time while paying rent on the part they do not yet own. Hejaz describes payments in terms of profit or rent rather than interest.
Yes. Hejaz distributes through accredited brokers, and Ingram Financial also holds accreditation with Hejaz.
Hejaz says its appointed Sharia advisers assess its products against Islamic finance principles. Ask Hejaz for its current certification details before you proceed.
Ingram Financial has no ownership ties to Hejaz. Hejaz is simply one of the lenders on our panel. We checked the lender information on this page in September 2026. However, it may change, and the lender sets product availability, policies and eligibility criteria.
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Lending criteria, fees and charges apply. Consider whether it is appropriate for you and speak to us for advice specific to your situation.