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Hejaz Financial Services

How we invest

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“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:

Tainted Income

Income earned from non-Islamic dealings must be below 5% of total revenue.

Debt/Market Cap

A company’s debt must not exceed 30% of its market cap.

Liquidity

Account receivables should be less than 49% of total assets.

Business Activity

The below business activities are not permissible under the Sharia.

    Conventional
    Banks
    Alcohol
    Media
    Interest
    Military
    Pig products
    Islamic
    Property
    Healthcare
    Utilities
    Technology
    Telecommunications
    Infrastructure

    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.

    Download our Sharia Certificate
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    Our principles

    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.

    certfied-IR
    Our investment screening

    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.

    GIFS Cert
    Our global sharia board

    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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    Hejaz Financial Services
    1300 043 529
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    Products & Services

    Islamic Super
    Global Ethical Fund
    Ethical Income Fund
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    Licencing

    ABN: 44 161 857 478 ACN: 161 857 478 Authorised Rep of InterPrac Financial Planning Pty Ltd (AFSL 246638). Australian Credit Licence 480542. Tax agent number 25214708.

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