Hejaz Financial Services Hejaz Property Fund Active ETF (ASX: HJZP)

Sharia-compliant listed-property ETF (ARSN 653 783 085, ASX: HJZP) holding AAOIFI-screened Australian and global REITs - Bunnings Warehouse Property Trust, Prologis, Vicinity Centres - under ANIC Shariah Board certification with Equity Trustees as responsible entity. Targets total returns tracking the MSCI World REITs Index (hedged to AUD) over rolling 5-7 years. Management fees and costs are 1.50% p.a. of NAV plus 0.15% estimated transaction costs per the PDS. Accessible from $100 via the Halal Money app or one unit through any ASX broker.

HJZP fills a real portfolio gap: Australians hold heavy direct-property exposure, but Muslims wanting diversified, liquid, halal real-estate income have had nothing on the ASX until this fund. The certification is identical to the flagship ISLM - ANIC Shariah Board, AAOIFI screening, semi-annual audits, Equity Trustees as independent RE - which is the right architecture. The portfolio reads like a sensible industrial-and-retail REIT book. What's missing is on-site accountability: Hejaz's own performance table skips HJZP (only the unlisted twin appears), and the fee lives in the PDS rather than on the page - where it turns out to be 1.50% p.a. plus 0.15% transaction costs, so this isn't cheap property beta. Suitable as an income-and-diversification satellite around ISLM for investors who accept active fees for certified halal REIT exposure; check the PDS distribution history before buying.