How it all started
A history of
2007
Ideation
It began as a Dream!
Our Founder, Hakan Ozyon, envisioned a world in which Muslims managed their wealth in conformance with their Islamic values, attaining thereby prominence and distinction on a global scale.
Over the subsequent 7 years, he undertook the arduous journey towards licensing, building a team of finance professionals, obtaining the relevant qualifications, and acquiring the requisite experience to offer Islamic Financial Services in Australia.
2013
Establishment
Hejaz Capital Pty Ltd is legally registered as the Parent Entity of the Hejaz Group of Companies.
2014
Licensing
Hejaz Financial Services is established and licensed with an Australian Financial Services License (AFSL) to offer financial services. The first Hejaz branch is opened in Heidelberg (Bell Street), Victoria. A serviced office is opened in Melbourne CBD (Little Collins Street).
2015
Growth
The Hejaz client base begins to grow with over 100 clients being serviced by Mid-2015. The second Hejaz branch is established in Dandenong, Victoria.
Hejaz Institute Ltd is registered as a Not-for-Profit entity with ACNC. It offers Financial Counselling and Financial Literacy on a pro-bono basis across Victoria.
Hejaz Accounting is established to offer Accounting services to the growing Hejaz client base as well as the broader Australian Muslim population.
2016
National Brand
Continuing its aggressive and rapid growth strategy, Hejaz offers its first franchise to a Financial Planner in NSW. Offices are established in Liverpool, Bankstown, and Parramatta. The Hejaz brand begins to grow nationally.
The Hejaz Head Office in Melbourne is relocated to a larger site, located in Thomastown.
2017
World Class Product
Hejaz client base exceeds 1000 members Australia wide.
The Hejaz Group establishes a Funds Management Division, Eternal Capital Pty Ltd and launches Australia’s premier Islamic Investment Fund, Global Ethical Fund.
Hejaz appoints Global Islamic Financial Services Firm (GIFS) as its Global Shariah Board to create a more robust Shariah compliance process and governance of its products and services.
2018
The Best
The Hejaz client base exceeds 2000 members.
Hejaz launches its eagerly anticipated Home Finance product – Hejaz Islamic Home Finance.
Hejaz group launches its maiden Wholesale Fund – Hejaz Income Fund. Global Ethical Fund is awarded “Best Performing Islamic Balanced Fund in Australia”.
2019
The Best… Again
The Hejaz client base grows past 3000.
Due to the growth of the Hejaz Brand and the team, Hejaz Head Office is relocated to Melbourne CBD.
Hejaz Management orchestrates the buy-back of the NSW franchise.
Global Ethical Fund is awarded “Best Performing Islamic Balanced Fund in Australia” for the second year running.
2020
Exceeding Expectations
The Hejaz client base grows past 4000.
Hejaz Group grows further, despite COVID lockdowns and restrictions.
Hejaz Islamic Credit Solutions is established as the Islamic Mortgage Management entity within the Hejaz Group, holding an Australian Credit License (ACL).
Hejaz Group secures two Australian Financial Services Licenses (AFSL), one for Hejaz Funds Management and the other for Hejaz Financial Advisers, to improve and expand product lines and service offerings.
2021
Expansion – B2B
The Hejaz client base grows past 5000. Hejaz Group now employs over 40 staff.
Having established strong distribution channels through the direct-to-consumer market, Hejaz Group strategically enhances further distribution through Business-to-Business offerings and initiatives.
Financial Advisers
Hejaz extends their reach by taking on more advisers under their new HFA AFSL Dealer Group (Licensee) offering. This extends their offering to the broader Australian Muslim community, making Islamic finance more accessible.
Mortgage Brokers
In a first of its kind initiative, Hejaz’s Islamic Mortgage Finance is offered to Mortgage Brokers across the country, through Aggregators, enabling everyday mortgage brokers to present Shariah compliant financing solutions to their Muslim clients.
2022
Entering new territory
- Mortgage Brokers – Accrediting over 1,000 mortgage brokers to provide Islamic lending products to our community.
- ASX Listed ETF’s – In a first of its kind, Hejaz listed two Islamic compliant Exchange Traded Funds on the ASX.
- ISLM – A shariah compliant global equities fund
- HJZP – A shariah compliant global real estate investment trust fund
Lending volume – Exceeding $200m in new Islamic lending within a calendar year
Shariah Compliant Banking is coming to Hejaz!
We are in the process of applying to become the first, Australian, 100% digital Islamic bank. We’re not a bank yet, but we want to be, and we want you to be a part of it.
Check out our recent publications
Canstar
What are Islamic home loans and how do they work?
The Islamic faith carries a number of principles that influence how Muslims conduct their personal finances.
Salaam Gateway
Hejaz sees great potential in Australian Islamic financial services
Our Chief Operating Officer, Muzzammil Dhedhy, was interviewed this week…
Financial Review
Wealth firm eyes $250b Islamic finance market gap
Our mission has always been to help the Australian Muslims gain better access to wealth…