Sharia compliance
This page details our process for carefully investing your superannuation in an ethical manner.
Built by experts, approved by scholars
Over 50 years of collective sharia compliance experience
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.
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.
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.
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.
Our sharia certifications
The Islamic financial services sector is the most audited and regulated Halal industry, even more so than Halal food, hence, we have taken our Sharia Compliance to new heights by teaming up with a Global Islamic Finance auditing and advisory firm, Global Islamic Financial Services Firm (GIFS) to help ensure all our products and services exceed the sharia compliance standards.
