Thinking about changing your home loan to a product more aligned to your values and beliefs? Refinancing with Crescent Finance means switching your current loan to one of our Shariah-compliant products, which could better align your values.

What does home refinance mean?

Refinancing your home loan means moving your current loan amount from one financial institution to another. Refinancing allows you to choose a completely different home finance product with different features and benefits.

You might choose a product that is Shariah-compliant, and more aligned with your beliefs. If you're thinking about refinancing with Crescent Finance, register your interest to begin the application process.

Home refinance checklist

A simple checklist to help make refinancing your home less confusing.

Need help with the difference between home finance and mortgages?

You’re not alone. That’s why we’ve put together an explainer of what home finance is and why it might be the right solution to align with your values and beliefs. 

Next steps

Crescent Finance Options

To illustrate this, let’s look at the two forms of home finance that Crescent Finance offers:


Crescent Growth Fund

This employs the Islamic concept of Musharakah, which is a form of co-ownership between the home buyer and the financial institution. Effectively, both parties agree to invest in a property and buy the home together. So, the home financing is structured as an investment in which both parties share profit and loss.  

Ownership under this Crescent Finance model is held by a special purpose vehicle – our partner Domacom’s platform allows for fractional ownership of property – with the home buyer listed as a “tenant in common” along with a professional trustee. The home buyer then buys out Crescent Finance’s stake in the property, while paying a fee to use the part of the property still owned by Domacom.


Crescent Income Fund

This employs the Islamic concept of Ijara, which is basically a lease-to-own arrangement. Crescent Finance purchases the property and the home buyer rents it.

A portion of each rental payment goes toward the tenant’s future ownership of the property. The home is registered in the buyer’s name when repayment is complete.