Hejaz Financial Services Review - Halal Finance Products
Reviewed quarterly and updated for major content changes.
Hejaz Financial Services offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
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HalalWallet 2026 Review
Hejaz Financial Services - At a Glance
12
Products Reviewed
All
States (Nationwide)
5
Categories
Our Verdict
Hejaz is the closest thing Australia has to a full-stack Islamic financial institution - the only provider where a Muslim household can finance a home and car, invest from $100 to $100,000+, and (normally) hold super, all under one Shariah governance framework with named scholars, an external supervisory board, and third-party ANIC certification of its ETFs. Its documentation habits are genuinely top-tier for the market: ARSNs, TMDs, fee tables, signed and dated Shariah certificates. The honest counterweights: financing prices are never published (you must apply to learn your rate), the super product is currently closed to new members, ETF management fees hide in PDS documents while unlisted equivalents charge 1.30-1.89%, and its own pages publish two conflicting ABN/AFSL pairs for Hejaz Asset Management. Scale and governance make Hejaz the default first call for halal finance in Australia; disciplined consumers should still force the pricing conversation early and read every PDS.
Pros & Cons
What We Like
- Only full-suite Islamic finance provider in Australia - financing, super, funds, ETFs and an app under one governance framework
- Named scholars plus external supervision (Minarah Consulting) plus third-party ETF certification (ANIC, semi-annual audits) - layered, evidenced Shariah oversight
- Australia's only halal ETFs, with independent RE (Equity Trustees) and downloadable certificates
- Concrete published product terms: tier maximums, deposits, term ranges, super fee tables, fund fees and minimums
- Named contract structures per product: Ijarah (home), Musharakah (SMSF), Murabaha (auto) - rare specificity
- Real scale and institutional backing: EUR100M UAE funding facility, 5,000+ accredited brokers, UCITS expansion
What Could Be Better
- No profit rates or comparison rates published for home, SMSF or auto finance - pricing requires application/appointment
- Islamic Super & Pension paused to new members as of August 2026
- ETF management fees not on the website (PDS-only); unlisted fund fees run a premium 1.30%-1.89%
- Conflicting ABN/AFSL details for Hejaz Asset Management published on different pages (550009 vs 550060)
- Hayat Protection marketed with no PDS, pricing, structure or Shariah documentation public
- Ecosystem concentration: funds hold other Hejaz funds and the private credit fund finances Hejaz's own lending book
Who Is hejaz Best For?
Home buyers
Wants a large, professionally governed Islamic financier with low-deposit options (5% on Gold tier)
Halal investors
The only ASX-listed certified halal ETF range - core equities (ISLM), sukuk (SKUK), property (HJZP), income (HJHI) and innovation (HHIF)
Car buyers
Named Murabaha contract with a signed, dated third-party Shariah certificate - the best-documented halal car finance in Australia
First-time investors
App-based halal investing from $100 with a flat $10 brokerage and a Visa debit card
SMSF trustees
Musharakah SMSF property finance up to $2.5M with published LVR caps
Detailed Analysis
Hejaz began in Melbourne - 'making real change since 2014' per its about page, with founder and Group CEO Hakan Ozyon tracing the origin to the difficulty Australian Muslims had finding any Islamic financial products. A decade later it is the sector's dominant player: 10,000+ active members and a self-described $4 billion portfolio (the Australian Financial Review profiled it in December 2024 as 'the $3b Aussie wealth manager you've never heard of'), 5,000+ accredited brokers distributing its financing, a EUR100 million funding facility from a UAE private wealth group, and an expanding footprint spanning a UK version of its Halal Money app, pre-inception UCITS ETFs for the London Stock Exchange, and regulated entities cited in Australia, the UK and Bahrain. The group operates through Hejaz Capital Pty Ltd (trading as Hejaz Financial Services, a corporate authorised representative of Hejaz Financial Advisers Pty Ltd, AFSL 517686), Hejaz Asset Management Pty Ltd as fund manager and super promoter, and Hejaz Islamic Credit Solutions Pty Ltd behind Halal Money.
What genuinely distinguishes Hejaz in the Australian market is layered, evidenced Shariah governance. The about page names its three Sharia Board scholars - Dr Faizal Ahmed Al Manjoo, Dr Samir Alamad and Bilal Omarjee. The auto finance page names Minarah Consulting as 'the external Sharia Supervisory Board for Hejaz', responsible for independently certifying all Hejaz offerings and conducting comprehensive audits, and links a signed certificate dated 28 March 2026. The ETF page adds a third layer: 'Certified by ANIC's Shariah Board' - the Australian National Imams Council - with an independent Shariah board auditing 'on a semi-annual basis', certificate downloadable. Super and fund pages cite AAOIFI screening standards with a published methodology document and excluded-industries list. No other Australian retail provider publishes this many verifiable governance artifacts.
The product economics are less transparent than the governance. Across home finance (Gold: up to $2M at 5% deposit; Essential: $3M at 20%; Flexible: $25M at 20%, with fixed, variable and construction variants evidenced by TMDs), SMSF Musharakah finance (up to $2.5M, 85-90% residential LVR) and Murabaha auto finance (3-7 years, up to $150,000, balloon option), Hejaz publishes every material term except the price. No profit rate or comparison rate appears anywhere on the site - a striking gap given competitors publish indicative rates, and one that forces consumers into an application funnel to comparison-shop. The investment side is better: unlisted funds publish fees (1.30%-1.89%) and minimums ($5,000-$100,000), though the ASX ETFs defer their management fees to PDS documents even while publishing performance to two decimal places.
The superannuation story needs careful telling. Hejaz Islamic Super & Pension - three AAOIFI-screened options (Growth 75/25, Balanced 60/40, Conservative 35/65) promoted by Hejaz Asset Management inside AMG Super, with Acclaim/SS&C administration, Deloitte audit and AIA group insurance - publishes complete fee tables (1.00-1.15% investment fees plus $65 p.a. and ~0.49% administration, dated 21 February 2025) and has a performance inception of 8 August 2023. But as of this verification both the super and pension pages carry a notice that Hejaz is 'taking a short pause on accepting new members' while it reviews the offering. Existing members are unaffected; new savers can only register interest. Any recommendation of Hejaz super is therefore conditional on membership reopening, and the fee load (roughly 1.5-1.7% all-in on modest balances) deserves a clear-eyed comparison against mainstream defaults even for values-driven savers.
Two structural observations round out the picture. First, the ecosystem is self-referential by design: the Income and Global Ethical funds hold other Hejaz vehicles, the Private Credit Fund provides exposure to Hejaz's own financing book, and the Deposit Builder program routes home-deposit savings into the Hejaz Income Fund. That vertical integration is how Islamic finance scales without banks, but it concentrates counterparty exposure on one group. Second, disclosure hygiene has gaps that scale should have fixed: the funds page and ETF page publish different ABN/AFSL pairs for Hejaz Asset Management (69 633 818 821/AFSL 550060 versus 69 613 618 821/AFSL 550009), Hayat Protection is marketed with no public PDS or Shariah documentation at all, and the site's own performance table omits two of the five ETFs. None of these undermine the core proposition; all of them are things a $3-4 billion manager should clean up.
How It Works
Hejaz names a specific Islamic contract for each financing product - unusual and commendable in the Australian market. Home finance is Ijarah-based: per the Sharia page, products rest 'only on Sharia compliant underlying principles including Ijarah finance', with the buyer and financier agreeing 'to share beneficial ownership of the property' - a shared-ownership lease where the customer pays for use of the financier's share rather than interest on a debt, with 'Non Bank Funding' claimed so the money itself isn't sourced from riba-based warehouses. SMSF property finance is Musharakah (joint venture): investor and financier 'share the ownership of the investment based on a pre-agreed ratio', avoiding the interest-bearing limited-recourse loans conventional SMSFs use. Auto finance is Murabaha (cost-plus sale): Hejaz acquires the vehicle and resells it at a disclosed markup paid over 3-7 years, so profit is fixed at contract rather than accruing as interest. On the investment side, the ETFs, funds and super are screened portfolios rather than contract-based products: AAOIFI standards govern sector exclusions (alcohol, gambling, conventional finance, weapons, tobacco, non-halal food, impermissible entertainment) and financial-ratio screens, with ongoing divestment of non-compliant holdings; SKUK holds sukuk - asset-based certificates whose returns derive from ownership claims rather than lending. What Hejaz does not publish: the Ijarah rent-benchmarking and ownership-transfer mechanics, Musharakah profit-sharing ratios, balloon-payment treatment under Murabaha, and purification/zakat reporting for the funds - questions to raise directly before signing.
Home financing
Choose a tier - Gold (up to $2M, 5% deposit), Essential ($3M, 20%) or Flexible ($25M, 20%, incl. construction) - get conditional pre-approval (valid ~6 months), then complete an Ijarah-based shared-ownership contract with unlimited additional repayments. Rates are quoted in-application; none are published.
Auto financing
Apply online for Murabaha cost-plus finance on new, demo or used cars: 3-7 year terms, up to $150,000, balloon option, PAYG or self-employed. Grey imports, kit cars, motorcycles and scooters are excluded.
SMSF property finance
Your SMSF and Hejaz co-own the property under a Musharakah with pre-agreed ratios - up to $2.5M, max LVR 85-90% residential or 80% commercial - instead of a conventional interest-bearing LRBA.
Investing via ETFs or funds
Buy the five ASX halal ETFs (ISLM, HJZP, SKUK, HHIF, HJHI) through any broker, or from $100 via the Halal Money app at flat $10 brokerage; larger investors can access unlisted funds from $5,000 (retail) to $100,000 (wholesale) with published fees of 1.30-1.89%.
Superannuation & pension
Normally: roll your super into Hejaz Islamic Super (Growth/Balanced/Conservative, AAOIFI-screened, inside AMG Super) or draw an account-based pension. Currently paused to new members - you can only register interest until the product review completes.
Halal Money app
Open a spending account with Visa debit (issued by Hay Limited - note: no Financial Claims Scheme protection), then spend, save and trade halal ETFs from one app, in Australia or the UK.
Shariah Compliance Review
Oversight Level
Review details on provider's website
Named three-scholar Sharia Board published on the about page: Dr Faizal Ahmed Al Manjoo, Dr Samir Alamad, Bilal Omarjee
Minarah Consulting named as external Sharia Supervisory Board, 'independently certifying the Sharia compliance of all Hejaz offerings and conducting comprehensive Sharia audits'; signed auto-finance certificate dated 28.03.2026 downloadable
ETFs 'Certified by ANIC's Shariah Board' (Australian National Imams Council) with independent semi-annual Shariah audits; certificate PDF downloadable from the halal-etfs page
AAOIFI screening standards cited across super and all fund pages, with a downloadable screening methodology and a published excluded-industries list (weapons, riba-based finance, tobacco, gambling, non-compliant entertainment, alcohol/pork)
'Dual-layer Sharia governance' / 3-tier process described: Sharia principles, investment screening, and a global Shariah board that audits periodically
Sharia certificate covering 'Super and Investments' downloadable from the Sharia-compliance page; Letter of Compliance published for the super fund
Independent responsible entity for all five ETFs: Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975); ARSNs published for every fund
Gaps: no scholar CVs, no purification/zakat reporting, no Hayat-specific Shariah documentation, no fatwa texts published
Shariah compliance should always be verified directly with Hejaz Financial Services. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Against Australia's other Islamic finance providers, Hejaz competes on breadth and governance rather than price transparency. MCCA and ICFAL are community-rooted home-finance specialists - MCCA the longest-running (since 1989), ICFAL a member-based co-operative - but neither offers ETFs, super at Hejaz's scale, or an investing app. Salaam (formerly First Guardian-linked Salaam super/investments) competes directly on Islamic super and investments. Ijarah Finance is a dedicated Sharia-compliant home and asset finance broker-lender publishing its own structures. Hejaz's edge: named scholars plus external and third-party certification layers, listed products with an independent RE, and one-stop breadth from a $100 app investment to $25M home finance. Its disadvantages: undisclosed financing rates where some competitors are more forthcoming, premium fund fees, and a super product currently closed to new members - a window in which competitors' super offerings are the only join-today halal options.
vs. MCCA
Australia's oldest Islamic home financier (est. 1989) with deep community trust and a co-operative heritage; choose MCCA for home-finance focus and history, Hejaz for product breadth, ETFs and app-based investing.
vs. ICFAL
Member-based Islamic co-operative offering home finance with a mutual ethos and published community governance; smaller and slower-moving than Hejaz but appealing to buyers who prefer a co-op over a commercial group.
vs. Salaam
Competes with Hejaz on Islamic superannuation and investments; worth comparing fee-for-fee, especially while Hejaz super is paused to new members.
vs. Ijarah Finance
Specialist Sharia-compliant home and asset finance provider named after the Ijarah structure it uses; a focused financing alternative when you want to compare contract terms and pricing against Hejaz's tiers.
Bottom Line
Hejaz is Australia's halal-finance heavyweight and, for most Muslim consumers, the right starting point: no one else offers certified ETFs, financing with named Islamic contracts, an investing app and (normally) super under one roof, with governance receipts - named scholars, external supervision, ANIC certification, AAOIFI methodology - that no local competitor matches. It earns its market position. But start, don't stop, there: demand the unpublished profit rate in writing before committing to financing, read the PDS for every ETF fee, remember the super fund is closed to new members as of August 2026, and treat Hayat Protection as undocumented until Hejaz produces a PDS and Shariah certificate. Scale bought Hejaz credibility; only disclosure discipline on pricing will make it beyond reproach.
Products from Hejaz Financial Services
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.
Hejaz Financial Services
Hejaz High Innovation Active ETF (ASX: HHIF)
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.
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Hejaz Financial Services
Hejaz Managed & Wholesale Funds
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).
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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.
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Hejaz Financial Services
Hejaz Islamic Super & Pension
Sharia-compliant super and account-based pension promoted by Hejaz Asset Management within AMG Super, with three AAOIFI-screened options - Growth (75/25), Balanced (60/40) and Conservative (35/65) - and performance inception 8 August 2023. Published fees (as of 21 Feb 2025): 1.00-1.15% p.a. investment fees plus 0.02-0.05% transaction costs, $65 p.a. per account and an estimated 0.49% p.a. admin. Administration runs through Acclaim/SS&C with Deloitte as auditor and AIA Australia as group insurer. Currently paused to new members during a product review - prospective members can only register interest (re-verified 2026-08-05).
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Hejaz Financial Services
Hejaz Equities Fund Active ETF (ASX: ISLM)
Australia's first halal ETF: an actively managed, AAOIFI-screened global equities portfolio (ARSN 653 786 273), ASX-listed since 17 October 2022 with Equity Trustees as responsible entity and Hejaz Asset Management as manager. Returned 16.34% over the year to 31 May 2026 and 11.56% p.a. since inception, holding names like Taiwan Semiconductor, BYD and AMD. Management fees and costs run 1.89% p.a. of NAV per the PDS, with estimated transaction costs of 0.31% p.a. and no performance fees. Accessible from $100 via the Halal Money app or one unit through any ASX broker.
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Hejaz Financial Services
Hejaz Home Financing (Gold / Essential / Flexible)
Australia's largest Islamic home financing lineup, from Hejaz Financial Services (Hejaz Capital Pty Ltd, corporate authorised representative under AFSL 517686): three published tiers - Gold (up to $2,000,000, 5% deposit), Essential (up to $3,000,000, 20% deposit) and Flexible (up to $25,000,000, 20% deposit, including construction finance) - all Ijarah-based with shared beneficial ownership and unlimited additional repayments. Eligibility criteria and Target Market Determinations are published per tier; profit rates are not - pricing requires an application or appointment.
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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.
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Hejaz Financial Services
Hejaz SMSF Property Finance
Sharia-compliant SMSF property finance from Hejaz structured as Musharakah (joint venture): the fund and financier share ownership of the investment on a pre-agreed ratio, avoiding an interest-bearing limited-recourse loan. Published limits: finance up to $2,500,000, maximum LVR 85-90% residential and 80% commercial. Positioned for property ownership, tax management and diversification inside an SMSF, with Hejaz's group-level dual-layer Sharia governance (named three-scholar board plus Minarah Consulting external certification) behind it. No pricing or profit-share ratios are published.
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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.
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Hejaz Financial Services
Hejaz Islamic Auto Finance
Murabaha (cost-plus) car finance from Australia's largest Islamic finance group: new, demo and used vehicles over 3-7 year terms up to $150,000, with a balloon payment option, unlimited additional repayments, and both PAYG and self-employed applicants accepted. Grey imports, kit cars, motorcycles and scooters are excluded. The product carries a signed, downloadable Shariah compliance certificate from Minarah Consulting (dated 28.03.2026), but no profit rate is published despite the 'Competitive Rates' banner - pricing emerges only in application.
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Hejaz Financial Services
Hayat Protection
Hejaz's Islamic-branded personal protection offering, promoted from its super pages under the line 'Islam encourages the proactive protection of oneself, family, and assets.' Four cover areas are articulated - family protection, illness recovery, critical care and loss of income - but there is no dedicated product page, no PDS, no premium schedule and no named underwriter for Hayat itself; the only insurance entity named in the Hejaz super stack is AIA Australia as AMG Super's group insurer. Enquiry runs through Hejaz's contact/appointment funnel only (checked 2026-08-05).
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Hejaz Financial Services
Hejaz Sukuk Active ETF (ASX: SKUK)
Australia's only ASX-listed sukuk fund (ARSN 666 691 943, listed 2 November 2023): AAOIFI-screened sovereign and corporate sukuk - Saudi Arabia 4.511% 2033, Indonesia 4.4% 2027, First Abu Dhabi Bank 4.581% 2028 - providing the halal fixed-income sleeve for ASX-bound portfolios. Management fees and costs are 1.33% p.a. of NAV per the PDS. Returned -3.91% over the year to 31 May 2026 (2.63% p.a. since inception), a reminder that sukuk carry real duration and currency risk. Accessible from $100 via the Halal Money app or one unit through any ASX broker.
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Where Available
Based on listings we track, Hejaz Financial Services operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Hejaz Financial Services.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Quick Answer
Hejaz Financial Services offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Home Financing, Insurance, Investing, Retirement, Vehicle Financing options.
Key Takeaways
- Hejaz Financial Services offers Shariah-compliant financial products that avoid interest and prohibited industries.
- Products are available in 1 state: Nationwide.
- Product categories include Home Financing, Insurance, Investing, Retirement, Vehicle Financing.
- Always verify compliance directly with Hejaz Financial Services and consult qualified Islamic finance advisors when needed.
- Compare Hejaz Financial Services's products with other providers to find the best fit for your needs.
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
- HalalWallet Methodology
- Editorial Policy
- Disclosures
- Hejaz Financial Services - About (leadership & Sharia Board)
- Hejaz - Home Financing tiers
- Hejaz - Sharia Compliance (Our Sharia)
- Hejaz - Auto Financing (Murabaha, Minarah Consulting)
- Hejaz - SMSF Property Finance (Musharakah)
- Hejaz - Islamic Superannuation
- Hejaz - Super Fees and Costs (21 Feb 2025)
- Hejaz - Halal ETFs (ANIC certification, ARSNs, Equity Trustees)
- Hejaz - Investment Funds (fees, performance table)
- Hejaz - Important Documents (TMDs, certificates, AMG Super)
- Halal Money - Australia
- Signed Shariah Compliance Certificate for Car Finance (28.03.2026)
- ANIC Islamic Finance Advisory - Shariah Certificate (ETFs)
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Hejaz Financial Services offer?
Hejaz Financial Services offers 12 products across 5 categories. Hejaz Financial Services is best for [object Object],[object Object],[object Object],[object Object],[object Object]. Review the products listed above or contact Hejaz Financial Services directly for current offerings.
How does Hejaz Financial Services ensure Shariah compliance?
Named three-scholar Sharia Board published on the about page: Dr Faizal Ahmed Al Manjoo, Dr Samir Alamad, Bilal Omarjee Minarah Consulting named as external Sharia Supervisory Board, 'independently certifying the Sharia compliance of all Hejaz offerings and conducting comprehensive Sharia audits'; signed auto-finance certificate dated 28.03.2026 downloadable ETFs 'Certified by ANIC's Shariah Board' (Australian National Imams Council) with independent semi-annual Shariah audits; certificate PDF downloadable from the halal-etfs page AAOIFI screening standards cited across super and all fund pages, with a downloadable screening methodology and a published excluded-industries list (weapons, riba-based finance, tobacco, gambling, non-compliant entertainment, alcohol/pork) 'Dual-layer Sharia governance' / 3-tier process described: Sharia principles, investment screening, and a global Shariah board that audits periodically Sharia certificate covering 'Super and Investments' downloadable from the Sharia-compliance page; Letter of Compliance published for the super fund Independent responsible entity for all five ETFs: Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975); ARSNs published for every fund Gaps: no scholar CVs, no purification/zakat reporting, no Hayat-specific Shariah documentation, no fatwa texts published
How does Hejaz Financial Services work?
Home financing: Choose a tier - Gold (up to $2M, 5% deposit), Essential ($3M, 20%) or Flexible ($25M, 20%, incl. construction) - get conditional pre-approval (valid ~6 months), then complete an Ijarah-based shared-ownership contract with unlimited additional repayments. Rates are quoted in-application; none are published. Auto financing: Apply online for Murabaha cost-plus finance on new, demo or used cars: 3-7 year terms, up to $150,000, balloon option, PAYG or self-employed. Grey imports, kit cars, motorcycles and scooters are excluded. SMSF property finance: Your SMSF and Hejaz co-own the property under a Musharakah with pre-agreed ratios - up to $2.5M, max LVR 85-90% residential or 80% commercial - instead of a conventional interest-bearing LRBA. Investing via ETFs or funds: Buy the five ASX halal ETFs (ISLM, HJZP, SKUK, HHIF, HJHI) through any broker, or from $100 via the Halal Money app at flat $10 brokerage; larger investors can access unlisted funds from $5,000 (retail) to $100,000 (wholesale) with published fees of 1.30-1.89%. Superannuation & pension: Normally: roll your super into Hejaz Islamic Super (Growth/Balanced/Conservative, AAOIFI-screened, inside AMG Super) or draw an account-based pension. Currently paused to new members - you can only register interest until the product review completes. Halal Money app: Open a spending account with Visa debit (issued by Hay Limited - note: no Financial Claims Scheme protection), then spend, save and trade halal ETFs from one app, in Australia or the UK.
Is Hejaz Financial Services available in my state?
Hejaz Financial Services operates nationwide, though specific products may have regional limitations. Always verify current availability directly with Hejaz Financial Services.
What are alternatives to Hejaz Financial Services?
Against Australia's other Islamic finance providers, Hejaz competes on breadth and governance rather than price transparency. MCCA and ICFAL are community-rooted home-finance specialists - MCCA the longest-running (since 1989), ICFAL a member-based co-operative - but neither offers ETFs, super at Hejaz's scale, or an investing app. Salaam (formerly First Guardian-linked Salaam super/investments) competes directly on Islamic super and investments. Ijarah Finance is a dedicated Sharia-compliant home and asset finance broker-lender publishing its own structures. Hejaz's edge: named scholars plus external and third-party certification layers, listed products with an independent RE, and one-stop breadth from a $100 app investment to $25M home finance. Its disadvantages: undisclosed financing rates where some competitors are more forthcoming, premium fund fees, and a super product currently closed to new members - a window in which competitors' super offerings are the only join-today halal options. MCCA: Australia's oldest Islamic home financier (est. 1989) with deep community trust and a co-operative heritage; choose MCCA for home-finance focus and history, Hejaz for product breadth, ETFs and app-based investing. ICFAL: Member-based Islamic co-operative offering home finance with a mutual ethos and published community governance; smaller and slower-moving than Hejaz but appealing to buyers who prefer a co-op over a commercial group. Salaam: Competes with Hejaz on Islamic superannuation and investments; worth comparing fee-for-fee, especially while Hejaz super is paused to new members. Ijarah Finance: Specialist Sharia-compliant home and asset finance provider named after the Ijarah structure it uses; a focused financing alternative when you want to compare contract terms and pricing against Hejaz's tiers.
Are Hejaz Financial Services's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Hejaz Financial Services?
Contact information for Hejaz Financial Services should be available through their website or the product listings above. Use the action links provided with each product to visit Hejaz Financial Services's website or contact them directly for more information.
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