Hejaz Financial Services Hejaz High Income Active ETF (ASX: HJHI)

Halal dividend-income ETF (ARSN 675 069 066), ASX-listed 30 April 2024, holding Sharia-compliant large-caps with market capitalisation above $2 billion that pay significant dividends across Australian and global markets - names like Merck, PepsiCo, Newmont and Ericsson. The cheapest fund in the Hejaz ETF range at 1.10% p.a. management fees and costs plus 0.15% estimated transaction costs (per PDS). Returned 3.04% over the year to 31 May 2026 (5.24% p.a. since inception). Equity Trustees is responsible entity; accessible from $100 via Halal Money or one unit via any ASX broker.

HJHI answers a common request from Muslim investors - income without riba - with a screened global dividend portfolio: Merck, PepsiCo, Newmont, Ericsson and similar large-caps paying real dividends, filtered to AAOIFI standards under ANIC certification. Because Islamic screening excludes the banks and most REITs that dominate conventional income funds, this book looks refreshingly different, tilted to healthcare, staples and industrials. The certification and structure (Equity Trustees as RE, registered scheme) are as solid as the rest of the range, and at 1.10% p.a. plus 0.15% transaction costs it is the cheapest fund in the Hejaz ETF lineup. The consumer gap is that distribution yield - the number income buyers need most - still isn't published on the page, and total returns since the April 2024 listing have been modest at 5.24% p.a. If the PDS yield stacks up, HJHI is a sensible income sleeve alongside SKUK; it's certified, liquid and unique on the ASX, but do the yield homework first.