Hejaz made history by launching Australia's first-ever Halal ETFs on the ASX. Here is a guide on how to buy Islamic ETFs.
You can buy our Halal ETFs from Australia's first and only halal fintech app!
Once your account is approved, transfer funds and you are ready to start investing and trading in Islamic ETFs.
Available for download in the Apple App Store or Google Play Store.
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.
Our ETFs are also available in major trading apps such as CommSec, NABTrade, Stake, and Spaceship. Just search for our ETFs' ticker codes and trade immediately.
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’, ‘SKUK’, ‘HJHI’ or ‘HHIF’ for Islamic 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’, ‘SKUK’, ‘HJHI’ or ‘HHIF’, 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.
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.
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.
It’s difficult to tell if an investment will perform poorly. But there are warning signs that you can look out for.
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