Hejaz Financial Services Hejaz High Innovation Active ETF (ASX: HHIF)
Islamic Investing in Western Australia
Sharia-compliant innovation and technology ETF (ARSN 675 069 379, ASX: HHIF), listed April 2024 - the growth satellite of the Hejaz range, holding AAOIFI-screened global innovators like TSMC, BYD, Pop Mart and Murata against an MSCI ACWI IMI Innovation benchmark hedged into AUD. Management fees and costs are 1.55% p.a. of NAV per the PDS and December 2025 factsheet, with nil entry/exit and performance fees; fund size was about A$10.3M at 31 December 2025. Accessible from $100 via the Halal Money app or one unit through any ASX broker.
HHIF is the thematic growth option for halal investors on the ASX - a screened innovation portfolio reaching well beyond US mega-caps into Taiwanese semiconductors, Chinese EVs and consumer brands, Japanese components and European medtech, benchmarked to MSCI ACWI IMI Innovation hedged into AUD. The Shariah architecture is identical to its siblings (ANIC certification, AAOIFI screening, semi-annual audits, Equity Trustees RE), so the compliance question is well answered. The investment question is more open: the fund is young and small (about A$10M at end-2025), Hejaz's own site publishes no performance for it, the 1.55% fee sits in the PDS and factsheet rather than on the page, and its top holdings overlap meaningfully with ISLM - so an investor holding both owns less diversification than the two tickers suggest. Treat HHIF as a deliberate satellite bet on screened global innovation, sized modestly around a core holding. For that specific job, nothing else on the ASX does it halal.
Pros
- Only halal technology/innovation-focused ETF on the ASX
- Globally diversified innovation book (TSMC, BYD, Murata, Shin-Etsu) rather than pure US mega-cap tech
- Benchmarked to MSCI ACWI IMI Innovation hedged into AUD - currency-hedged thematic exposure is rare in halal products
- Full ANIC/AAOIFI certification stack with Equity Trustees as independent RE
Cons
- No performance data published in the site's own fund table - young fund, no meaningful track record
- Management fee of 1.55% p.a. (PDS) is steep for a small fund (about A$10M at end-2025) that hasn't yet proven itself
- Growth/innovation tilt means higher volatility; overlaps with ISLM holdings (TSMC, BYD, AMD appear in both)
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Product Details
Expense Ratio
1.55% management fees and costs (PDS/factsheet)
Min Investment
$100 (via Halal Money app); 1 unit via ASX brokers
Fee
1.55% p.a. of NAV (PDS)
Hejaz Financial Services in Western Australia
Hejaz Financial Services's Hejaz High Innovation Active ETF (ASX: HHIF) is accessible to investors in Western 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. The product reports an expense ratio of 1.55% management fees and costs (PDS/factsheet). Minimum investment: $100 (via Halal Money app); 1 unit via ASX brokers. Hejaz Financial Services operates across Australia, so Western Australia residents have full access to this product.
Shariah Compliance & Oversight
'Certified by ANIC's Shariah Board' with semi-annual independent Shariah audits; 'All investments are screened and monitored in accordance with AAOIFI Sharia standards' per the fund page. RE: Equity Trustees (AFSL 240975); manager: Hejaz Asset Management.
2026-08-05
Why It's Halal
HHIF (ARSN 675 069 379) is the growth-tilted member of the Hejaz ETF family, targeting 'companies driving innovation across technology and growth-oriented sectors' in Australia and internationally, with every holding 'screened and monitored in accordance with AAOIFI Sharia standards'. Technology is naturally fertile ground for Islamic screening - low debt, no core involvement in alcohol, gambling or conventional finance - and the published top holdings (Taiwan Semiconductor, BYD, Pop Mart, Incyte, Murata Manufacturing, Shin-Etsu Chemical) are consistent with a screened innovation book that is more global and less US-mega-cap-concentrated than typical tech funds. Certification mirrors the rest of the range: ANIC Shariah Board certificate (downloadable), semi-annual independent Shariah audits, group Sharia Board oversight, and Equity Trustees as independent responsible entity. Disclosure gaps are the range's usual ones plus one more: no management fee on the website, and no performance for HHIF in the site's own fund table (the fund is young - ARSN registered 2024), so investors currently buy the strategy, not a track record. Suitable as a satellite growth allocation for investors who already hold a diversified core such as ISLM.
Regional Availability
Hejaz Financial Services serves all of Australia
✓ Available nationwide including Western 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.