Sharia-compliant financing options remain elusive for those who need them

Chief Operating Officer, Muzzammil Dhedhy, was interviewed this week by NestEgg to discuss the finding of our recent survey on the financial behaviour and attitudes of Australian Muslims.

Here, he argues that traditional banks are not providing services that accommodate the beliefs of Australian Muslims. According to our recent survey, as much as 36% of Australian Muslims opt to hold onto savings in cash due to the lack of Sharia-compliant products and services.

Australia’s 1.2 million Muslims are “typically well-educated and great at saving, but many of them are avoiding essential financial product like savings accounts and insurance because of a lack of Sharia-compliant options. However, Hejaz Financial Services is changing the future with sharia-compliant loans and takaful insurance solutions.

Read the article to learn the results of Hejaz Financial Services latest research into the financial habits and attitudes of Australian Muslims.

Learn more about our range of premier Islamic financial services: https://www.hejazfs.com.au/