We're different
and this how we invest
As you prepare for your future retirement, your super should be invested and grown in alignment with your faith and values. Unfortunately, most super funds continually allocate your super towards Islamically impermissible investments such as Interest and gambling.
At Hejaz, we adopt a truly unique style of investment management, ensuring that impermissible investments are excluded from the outset, to deliver retirement savings that are pure, permissible, and prolific. This has always been The Hejaz Way.
We Select
Islamically approved investments creating a better world
We Exclude
Investments with interest and harmful impacts on people or the planet
Our investment strategy
We have developed an investment strategy that reflects the reasons people join Hejaz.
In addition to investing for your financial benefit, our goal is to create systemic positive change through investment, harnessing the power of your Super to build a future free of interest and non-Islamic activities.
Divestment
We apply a process of negative screening (divestment) to protect you from exposure to unsustainable activities. Our screening process removes harmful investments that pose risks to your super and your future, from our investment universe and directs the flow of capital elsewhere.
Reinvestment
We use reinvestment as a mechanism to create great, high-impact investment portfolios by redirecting divested money into more sustainable and Islamically approved investments. We seek to identify investments that avoid or reduce harm and comply with Islamic principles.
Key points to our investment approach
Designed to help our investors achieve their financial and investment goals
Use all the tools at our disposal to protect the future of our members.
Invest in companies that achieve financial outperformance for our members without the need for interest.
Protect members against one of the main issues in all superfunds. Interest.
Reduce long-term risk by investing in assets with superior ethical and Islamic mutual considerations.
Everything we invest in produces ZERO Interest
Unfortunately, most superannuation funds invest on average 34% of your super in interest-bearing investments, while the remaining investments are conducted without any regard for Islamic investment principles. This includes Ethical superfunds.
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.
AAOIFI Screening Methodology
Revenue Ratio
Impermissible Revenue
Total Revenue
< 5%
Interest Ratio
Interest bearing securities and assets
Trailing 36-months average market capitalization
< 30%
Debt Ratio
Interest bearing debt
Trailing 36-months average market capitalization
< 30%
Our Processes at Hejaz
All Hejaz investments pass our screens before being considered. This rules-based approach means that regardless of the investment option you choose, your super or investment has some level of positive impact while also protecting you from certain risks and interest.
We invest as widely as possible in different assets, sectors and regions, without compromising our main investment screens. This provides our members with the opportunity to earn superior returns that can come from companies that comply with Islamic standards.
We proactively invest in:
Clean energy and technology
Sustainable agriculture
Circular economy
Employment
Community services
Health care
We don't invest in:
Armaments and Weaponry
Banks
Interest
Pig products
Alcohol
Tobacco production
Nuclear
Media
Gambling
Animal cruelty