Hejaz Financial Services Halal Money App

The Hejaz Group's fintech arm: an app combining a Visa debit spending account (issued by Hay Limited, AFSL 515459) with halal ETF investing from $100 at a flat A$10 brokerage per trade, plus Apple Pay/Google Pay, PayID and BPAY. Trades settle through Openmarkets Nominees; the underlying ETFs carry ANIC certification with semi-annual Shariah audits. Available in Australia and the UK. Halal Money is not an authorised deposit-taking institution and account balances have no Financial Claims Scheme protection - a structural trade-off users should understand before parking cash in it.

Halal Money is the most accessible halal investing product in Australia: download the app, start with $100, pay a flat $10 a trade for ASX-listed, ANIC-certified halal ETFs, and run day-to-day spending on a Visa debit card in the same place. As 'Australia's first and only Islamic fintech app', it has no direct local competitor. The trade-offs are real, though. The cash account is issued by Hay Limited, a conventional payments firm, and isn't FCS-protected - a structural difference from keeping money at a bank that Hejaz discloses plainly but many users will miss. The Shariah story is strong for the ETF leg and undocumented for the spending leg, and $10 per trade is proportionally expensive on small trades ($10 on a $100 order is 10%). Best used as a regular-investing vehicle with meaningful trade sizes rather than a $100-at-a-time dabbling tool.