In an acknowledgment of Islamic Cooperative Finance Australia Ltd’s (ICFAL) journey, the cooperative has been honoured with the ‘Best Islamic Finance Cooperative’ award by Islamic Finance News (IFN), a globally recognised Islamic finance news outlet.

This recognition is particularly significant as ICFAL celebrates surpassing larger institutions in Muslim-majority countries.

IFN, a prominent global authority in the field, took note of ICFAL’s financial practices and contributions to the cooperative finance sector, culminating in this recognition.

It’s a humbling experience for the cooperative to be acknowledged on its 25th-year anniversary, and sincere gratitude is extended for the unwavering support and trust bestowed upon ICFAL from the community.

Mr Parvez Shah, Chairman of ICFAL, expressed his heartfelt appreciation, stating, “Receiving the Best Islamic Finance Cooperative award from Islamic Finance News on our 25th anniversary is a poignant moment. It reflects the genuine connections we’ve built through organic growth and our steadfast commitment to education and community relationships.”

ICFAL’s journey has been one of continuous learning, growth, and community building. The cooperative attributes its success to the strong, loyal and growing member base of over 5,000 individuals, who have been the heartbeat of ICFAL.

Their trust has enabled the cooperative to adopt a educational and community-driven approach, fostering lasting partnerships and connections.

As ICFAL reflects on 25 years, the award serves not only as a recognition of achievements but as a reminder of the responsibility the cooperative carries.

It inspires ICFAL to continue adhering to Islamic financial principles and deepening its commitment to ethical finance and community welfare.

The cooperative gratefully accepts this award on behalf of all its members, firmly believing that the Best Islamic Finance Cooperative award from Islamic Finance News is a shared accomplishment.

ICFAL recognises the support of Allah and acknowledges the collective efforts of its members, staff, and community partners.

As ICFAL receives this honour, the cooperative eagerly looks forward to continuing its journey with humility, gratitude, and an unwavering commitment to serving the community.