Hejaz Financial Services Hejaz Equities Fund Active ETF (ASX: ISLM)

Australia's first halal ETF: an actively managed, AAOIFI-screened global equities portfolio (ARSN 653 786 273), ASX-listed since 17 October 2022 with Equity Trustees as responsible entity and Hejaz Asset Management as manager. Returned 16.34% over the year to 31 May 2026 and 11.56% p.a. since inception, holding names like Taiwan Semiconductor, BYD and AMD. Management fees and costs run 1.89% p.a. of NAV per the PDS, with estimated transaction costs of 0.31% p.a. and no performance fees. Accessible from $100 via the Halal Money app or one unit through any ASX broker.

ISLM is the flagship of Australian halal investing - the country's first Islamic ETF and the core equity building block for Muslim portfolios locked to the ASX. The Shariah evidence is among the best documented globally: AAOIFI screening, ANIC Shariah Board certification, semi-annual independent audits, and a downloadable certificate, all inside a registered scheme with Equity Trustees as independent RE. Performance since the October 2022 inception has been genuinely strong (11.56% p.a. to May 2026, 16.34% over the last year), though that window coincides with a global bull market. The catch is cost: the PDS discloses management fees and costs of 1.89% p.a. plus 0.31% estimated transaction costs - premium active pricing Hejaz keeps off the product page. For Australians wanting certified halal global equities on the ASX, ISLM is the default choice - just go in knowing you're paying many times passive-index fees for it.