Hejaz Financial Services Hejaz Managed & Wholesale Funds
Islamic Investing in South Australia
Hejaz's unlisted fund shelf: eight AAOIFI-screened vehicles spanning equities (HEF, 1.89%, $10,000 min), property (1.50%, $5,000 min), global ethical (HGEF, running since July 2017), income (HIF, quarterly distributions), enhanced income (HEIF, 1.30%, $100,000 min, 9% p.a. target with 30-month lock-in), private credit (HPCF, $50,000 min, 10-13% p.a. target), private equity (HPEF, 1.85%, $100,000 min, CPI+10% benchmark) and social impact (HSIF, 1.50%, $50,000 min). Published fees run 1.30%-1.89% p.a. with minimums from $5,000 to $100,000; monthly performance table published (as of 31 May 2026 at crawl).
The Hejaz fund range is the deepest halal investment menu in Australia - eight vehicles from a $5,000-minimum property fund to $100,000-minimum private credit and private equity funds, all AAOIFI-screened with published fees, fact sheets and performance. Disclosure quality is above average: exact fees, minimums, target returns, lock-ins and fund sizes are on the page. Two things deserve scrutiny. Fees are premium (1.30-1.89% plus spreads), which is partly the cost of niche Sharia management but still a real hurdle against low-cost alternatives. And the range is self-referential: several funds hold other Hejaz funds, and the private credit fund finances Hejaz's own lending book - attractive yield with an obvious concentration and related-party dimension investors should understand. For diversified halal exposure with professional oversight, this is Australia's main game; size positions accordingly.
Pros
- Published management fees and minimums for every fund - better fee transparency than the ETF pages
- Breadth unmatched in Australian Islamic investing: equities, property, income, private credit, private equity, social impact
- AAOIFI screening cited on every fund; monthly fact sheets and PDS/TMD documents published
- Longest track record in the lineup: Global Ethical Fund since July 2017
Cons
- Management fees of 1.30%-1.89% are high relative to comparable conventional funds
- Significant cross-holding of Hejaz vehicles within funds (e.g., Income and Global Ethical funds hold Hejaz private funds) - conglomerate concentration risk
- Wholesale funds require $50,000-$100,000 minimums, and the Enhanced Income Fund has a 30-month lock-in
- Target returns (9%, 10-13% p.a.) are targets, not guarantees, on relatively young funds
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Product Details
Min Investment
$5,000-$100,000 depending on fund
Fee
1.30%-1.89% p.a. depending on fund
Hejaz Financial Services in South Australia
Hejaz Financial Services's Hejaz Managed & Wholesale Funds is accessible to investors in South Australia, structured as Screened portfolio (AAOIFI): Islamic funds and ASX-quoted products in Australia are national digital products, so region matters less than fees and governance. Minimum investment: $5,000-$100,000 depending on fund. Hejaz Financial Services operates across Australia, so South Australia residents have full access to this product.
Shariah Compliance & Oversight
All fund pages cite AAOIFI as the Sharia ethical standard; group Sharia certificate for 'Super and Investments' downloadable; named group Sharia Board plus Minarah Consulting external SSB.
2026-08-05
Why It's Halal
Hejaz's unlisted fund range applies the same AAOIFI-based screening as its ETFs - every fund's published key facts list 'Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI)' as the Sharia ethical standard, and a Sharia certificate covering super and investments is downloadable from the Sharia-compliance page. Governance is the group's 3-tier framework with a named three-scholar board and external supervision by Minarah Consulting. The range spans retail and wholesale: Hejaz Equities Managed Fund (HEF, 1.89% fee, $10,000 minimum, MSCI World Islamic Index benchmark), Property Managed Fund (1.50%, $5,000 minimum), Global Ethical Fund (running since July 2017, the group's oldest vehicle), Income Fund (quarterly distributions, used by the Deposit Builder program), Enhanced Income Fund (1.30%, $100,000 minimum, 9% p.a. target, 30-month lock-in), Private Credit Fund ($50,000 minimum, 10-13% p.a. target, exposure to Hejaz's own Sharia-compliant financing book), Private Equity Fund (1.85%, $100,000 minimum, CPI+10% benchmark) and Social Impact Fund (1.50%, $50,000 minimum). Fee and minimum disclosure on-page is genuinely good. Investors should note the interconnection: several funds (Income, Global Ethical) hold other Hejaz vehicles and the private credit book funds Hejaz's own financing - real, but concentrated, Islamic-economy exposure.
Regional Availability
Hejaz Financial Services serves all of Australia
✓ Available nationwide including South Australia
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NationwideHalal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.