How we invest
“The challenge in Islamic investments is that once you apply the sharia screening, 50,000 globally listed companies that are available to invest in, become 5,000. And that is a challenge only us Islamic portfolio managers can understand and manage.”
– Hakan Ozyon, Senior Portfolio Manager
What is halal investing?
A halal investment fund is one that is structured in accordance to Islamic principles.Our Shari'ah Board conducts the following screenings:
Income earned from non-Islamic dealings must be below 5% of total revenue.
A company’s debt must not exceed 30% of its market cap.
Account receivables should be less than 49% of total assets.
The below business activities are not permissible under the Sharia.
Built by experts, approved by scholars
At Hejaz Financial Services, we employ a 3-tier Sharia governance process to ensure the Sharia compliance of our services. We begin by subscribing to the leading Sharia Standards stipulated by AAOIFI. Thereafter, we engage the services of IdealRatings to filter the investment universe so that we are left with only Sharia Compliant investments to populate our clients’ portfolios. Lastly, we have appointed a renowned global Sharia Board, GIFS, to oversee our Sharia governance process and to Audit us periodically to ensure that the highest standards of Sharia compliance are upheld.
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an Islamic international autonomous non-for-profit corporate body that prepares accounting, auditing, governance, ethics and Sharia standards for Islamic financial institutions and the industry.
IdealRatings, Inc. is a world-class provider of financial research and data. With its extensive experience in fund management and research, IdealRatings has developed a number of solutions to cater to the different needs of asset managers across the globe.
Global Islamic Financial Services Firm propriety limited (GIFS) is a South Africa-based company specialised in providing Sharia Advisory services, supervision, Sharia auditing and human capital development. Their advisory board comprises of experienced scholars and financial experts.
How Super is made Halal
Learn the difference between a standard super fund and how we make it Halal.
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