Islamic ETF Investing in Australia
Hejaz has made history by launching the Hejaz Equities Fund (ASX: ISLM) Hejaz Property Fund (ASX: HJZP) and Hejaz Sukuk Fund (ASX: SKUK) on the ASX. Here are the guides on how to buy an Islamic ETFs:
Step by step guide to buy your first Islamic ETFs
Step 1
Open an account with a broker that offers ETFs
The first step in buying ETFs is to open an account with a broker that offers them. There are a number of online brokers that offer ETFs, so it is important to compare their fees and features to find the best one for your needs. You will either need to deposit cash into your trading account or link a bank account instead.
Step 2
Determine which ETFs you want to buy
Once you have opened an account, you will need to log in and go into the trading section. Enter the ASX code or ‘ticker’ of the ETF you are interested in, either ‘ISLM’, ‘HJZP’ or ‘SKUK’ for Islamic ETFs.
Step 3
Place an order for the ETFs
Once you have decided which ETFs you want to buy, you will need to place an order with your broker. Online brokers purchase and sell ETFs on your behalf through your instructions via Commsec, Nabtrade, and Westpac Share Trading. In addition, you can also use a non-bank like CMC Markets or Superhero.
ETF prices fluctuate throughout the trading day like shares. When you buy an ETF such as ‘ISLM’ , ‘HJZP’ or ‘SKUK’, you can request to buy it either at a specific price known as a limit order or as soon as possible at the best available price, known as a market order.
Step 4
Wait for the trade to settle
Once your order has been placed, you will need to wait for the trade to settle. Your broker will notify you when the order has been completed.
Step 5
Monitor your investment
Congratulations! You are now investing in an Islamic ETFs.
After the trade has settled, you will need to monitor your investment performance and ensuring they are meeting your investment goals.
Interested in Islamic ETFs?
Islamic ETFs are a new and growing investment product that offers many benefits to investors due to their compliance with Shariah law.
The launch of Hejaz Equities Fund (ASX: ISLM) , Hejaz Property Fund (ASX: HJZP) and Hejaz Sukuk Fund (ASX: SKUK), made them the first Shariah-compliant ETFs on the ASX. The Hejaz ISLM and HJZP are both excellent investment options for those motivated by tapping into the growing global demand for Halal products and services.
Important Considerations
It’s difficult to tell if an investment will perform poorly. But there are warning signs that you can look out for.
Some considerations to keep in mind when you are investing in an ETF:
- Don’t panic – The stock market is volatile. It’s important not to panic when an investments price suddenly changes. Take the time to review your investment, why you bought it and if you think it will be worth keeping in the long run.
- Financial and Accounting problems – Watch for mistakes, delays and media controversy over financial accounts. Genuine errors happen, but repeated accounting issues can be a sign of more serious problems.
- Review your investment plan – It’s important to review your investments regularly. Your investments should be in line with your morals, financial goals, risk tolerance and investing time frame.
EQUITY TRUSTEES LIMITED (“EQUITY TRUSTEES”) ABN 46 004 031 298, AFSL 240975, IS THE RESPONSIBLE ENTITY FOR THE HEJAZ EQUITIES FUND (MANAGED FUND) ARSN 653 786 273 ASX: ISLM, AND HEJAZ PROPERTY FUND (MANAGED FUND) ARSN 653 783 085 ASX: HJZP . EQUITY TRUSTEES IS A SUBSIDIARY OF EQT HOLDINGS LIMITED ABN 22 607 797 615, A PUBLICLY LISTED COMPANY ON THE AUSTRALIAN SECURITIES EXCHANGE (ASX: EQT). THIS WEBPAGE HAS BEEN PREPARED BY HEJAZ ASSET MANAGEMENT PTY LTD ABN 69 613 618 821 AS AUTHORISED AFS REPRESENTATIVE OF HEJAZ FINANCIAL ADVISERS PTY LTD (ABN 49 634 683 613, AFSL 517686) AFS REPRESENTATIVE NUMBER 001285318, TO PROVIDE YOU WITH GENERAL INFORMATION ONLY. IN PREPARING THIS WEBPAGE, WE DID NOT TAKE INTO ACCOUNT THE INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR PARTICULAR NEEDS OF ANY PARTICULAR PERSON. IT IS NOT INTENDED TO TAKE THE PLACE OF PROFESSIONAL ADVICE AND YOU SHOULD NOT TAKE ACTION ON SPECIFIC ISSUES IN RELIANCE ON THIS INFORMATION. NEITHER HEJAZ ASSET MANAGEMENT PTY LTD ABN 69 613 618 821, EQUITY TRUSTEES NOR ANY RELATED PARTIES, THEIR EMPLOYEES OR DIRECTORS, PROVIDE AND WARRANTY OF ACCURACY OR RELIABILITY IN RELATION TO SUCH INFORMATION OR ACCEPTS ANY LIABILITY TO ANY PERSON WHO RELIES ON IT. PAST PERFORMANCE SHOULD NOT BE TAKEN AS AN INDICATOR OF FUTURE PERFORMANCE. YOU SHOULD OBTAIN A COPY OF THE PRODUCT DISCLOSURE STATEMENT BEFORE MAKING A DECISION ABOUT WHETHER TO INVEST IN THIS PRODUCT.
HEJAZ EQUITIES AND PROPERTY FUND’S TARGET MARKET DETERMINATION IS AVAILABLE HTTPS://WWW.EQT.COM.AU/CORPORATES-AND-FUND-MANAGERS/FUND-MANAGERS/INSTITUTIONAL-FUNDS/INSTITUTIONAL-FUND-MANAGER?F=758642C0-588E-4B35-A980-FF530D6DF548. A TARGET MARKET DETERMINATION DESCRIBES WHO THIS FINANCIAL PRODUCT IS LIKELY TO BE APPROPRIATE FOR (I.E. THE TARGET MARKET), AND ANY CONDITIONS AROUND HOW THE PRODUCT CAN BE DISTRIBUTED TO INVESTORS. IT ALSO DESCRIBES THE EVENTS OR CIRCUMSTANCES WHERE THE TARGET MARKET DETERMINATION FOR THIS FINANCIAL PRODUCT MAY NEED TO BE REVIEWED.