Hejaz High Innovation Active ETF (ASX: HHIF)

For Australian Muslims looking to grow wealth without compromising faith, the Hejaz High Innovation Active ETF (ASX: HHIF) offers an opportunity. HHIF is an actively managed, innovation-focused ETF designed to provide halal-aligned exposure to global growth sectors such as technology, healthcare, and sustainable industries.

This guide will explain what HHIF is, how it works, and why it matters for Muslim investors pursuing Sharia-compliant investing through halal ETFs.

What Is HHIF?

The Hejaz High Innovation Active ETF (HHIF) is a listed fund on the Australian Securities Exchange (ASX) that invests in innovative, high-growth companies around the world.

Unlike buying shares in one company, HHIF allows investors to hold a diversified basket of innovation-driven firms through a single trade. This makes it a practical and efficient way to access global markets while remaining aligned with Islamic principles.

HHIF vs HJHI: The Difference

While HJHI (Hejaz Global Halal Income ETF) focuses on delivering consistent income through a diversified halal portfolio, HHIF is geared toward growth and innovation. Together, they provide complementary options for halal-conscious investors balancing stability and expansion.

For beginners wondering how ETFs fit into halal investing, we recommend reading Is Investing in Mutual Funds Halal? as it offers great foundational insight.

How the HHIF ETF Works

HHIF is actively managed, meaning fund managers continuously select and adjust holdings based on performance, potential, and market conditions, rather than tracking an index passively.

Key Features:

Listed on the ASX under the ticker HHIF, allowing easy purchase through brokers or Halal Money app.
Global diversification across sectors such as technology, biotechnology, renewable energy, and digital innovation.
Active oversight ensures investments stay aligned with both performance targets and halal criteria.
Liquidity and accessibility, giving investors the ability to trade units like shares.

Sharia & Halal Considerations for HHIF

A common question among Muslim investors is whether HHIF is Sharia-compliant.

Sharia Certification

HHIF is part of Hejaz’s halal ETF suite, developed in accordance with Islamic finance principles and audited by an independent Sharia Supervisory Board. The screening process eliminates exposure to haram activities such as:

Riba (interest-based income)
Alcohol and gambling industries
Tobacco and adult entertainment
Excessive speculation or uncertainty (gharar)

All investments within HHIF are asset-backed and structured in accordance with Islamic principles and real economic activity.

You can explore the broader halal ETF range, including HHIF, HJHI, and others, on the Hejaz Halal ETFs page.

How to Invest in HHIF

Investing in HHIF is simple and transparent. You can purchase HHIF units through:

Halal Money app: Search for HHIF in the Invest section.
ASX-registered brokers: Search for the ticker code HHIF.
Online trading platforms: Available on most major investment platforms.

Before investing, review the fund’s Product Disclosure Statement (PDS) for fee details and confirm its suitability to your goals.

If you’re considering faith-aligned retirement planning, you can learn more in our guide: Are Pensions Halal?

Fees, Risks, and Performance

Fees

As an actively managed ETF, HHIF charges a management fee to cover professional oversight, portfolio research, and compliance screening. Brokerage fees also apply when buying or selling on the ASX.

Risks

Every investment carries risk. For HHIF, key considerations include:

Market volatility: Growth sectors fluctuate more than traditional markets.
Active management risk: Returns depend on manager skill and decision-making.
Sector concentration: Innovation-heavy sectors can be cyclical or trend-driven.
Liquidity risk: As a relatively new ETF, liquidity may vary.

Performance

HHIF’s performance is tied to the strength of global innovation industries. While it aims for high growth, past performance is not a guarantee of future results. A qualified Hejaz adviser can help align HHIF within a diversified halal portfolio suited to your goals.

Who Might HHIF Suit?

HHIF may suit:

Muslim investors seeking halal access to innovation and growth sectors.
Professionals and long-term investors building faith-aligned portfolios with moderate to high risk tolerance.
Advisers construct diversified halal portfolios that incorporate both income (HJHI) and growth (HHIF) components.

It may not suit retirees or ultra-conservative investors seeking stable income with minimal volatility, for them, halal super or pension funds may be better aligned.

Why HHIF Matters for Muslim Investors

Halal investing isn’t just about avoiding prohibited sectors, it’s about building wealth, supporting innovation, and contributing to industries that benefit society.

HHIF empowers Muslims to participate in modern, technology-driven markets without sacrificing faith or integrity. Combined with Hejaz’s halal ETFs, Islamic superannuation, and Islamic pension options, it forms part of a holistic strategy for financial growth that honours Islamic principles.

Invest With Purpose and Faith

The High Innovation Active ETF (HHIF) gives Australian Muslims an opportunity to invest in the future, in line with their values. Actively managed and Sharia-screened, it bridges halal investing with innovation exposure, offering a way to grow wealth responsibly.

To learn more about HHIF and our other products, feel free to contact us. Our team specialises in halal ETFs, superannuation, and Islamic pension solutions designed to help you achieve your financial goals in line with your faith.

Frequently Asked Questions

Is HHIF a Sharia-Compliant ETF?

Yes. HHIF is part of the Hejaz Halal ETFs suite, developed under the guidance of qualified Islamic scholars. The fund undergoes screening and auditing to maintain compliance with Sharia principles and excludes interest-based, speculative, and non-permissible sectors.

How Do I Check HHIF’s Holdings?

You can find HHIF’s full holdings and sector allocations on its ASX listing page or directly via Hejaz’s official product documentation. Transparency is a key feature, each holding is screened for halal compliance, helping investors understand exactly where their money is going.

What Fees Does HHIF Charge?

Like all ETFs, HHIF has a management expense ratio (MER), which covers the costs of research, management, and Sharia auditing. Brokerage fees apply when buying or selling units. These costs are outlined clearly in the fund’s Product Disclosure Statement (PDS). The Hejaz team can explain how fees compare with other halal ETFs and where HHIF fits within your portfolio.

What Makes HHIF Different from Other ETFs on the ASX?

Unlike many conventional ETFs, HHIF combines active management with halal screening. It focuses on innovation sectors, areas often underrepresented in traditional halal portfolios, providing growth potential without exposure to prohibited industries.

Is HHIF a Good Long-Term Investment?

For investors seeking long-term growth and willing to accept moderate to higher risk, HHIF can be a valuable addition. Its focus on innovation positions it to benefit from future technological and economic shifts. When combined with income-oriented halal funds like HJHI or broader halal ETFs, HHIF helps build a balanced and future-ready portfolio.

Why Invest in HHIF Through Hejaz?

Hejaz is an established financial services provider in Australia. By investing through Hejaz, you benefit from tailored portfolio construction and ongoing Sharia supervision

Disclaimer:

This material has been prepared by Hejaz Financial Services as a Corporate Authorised Representative number 001286485 of Hejaz Financial Advisers Pty Ltd (ABN 49 634 683 613 AFSL 517686) and is provided for general information purposes only. It does not constitute financial advice and should not be relied upon as such. Please refer to the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any financial decision.