Compare 5 Shariah-compliant products from 4 providers available in Western Australia. Every listing includes Shariah oversight details, ratings, and direct provider links.
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).
Best for: Muslim Australians wanting AAOIFI-screened super with full fee disclosure - once new membership reopens
Structure
Screened portfolio (AAOIFI)
Best For
Muslim Australians wanting AAOIFI-screened super with full fee disclosure - once new membership reopens
A Shariah-compliant home for SMSF money: the super fund joins ICFAL as an institutional member and earns quarterly dividends from member-funded Islamic real-estate financing. The product page's feature table shows a 3.25% five-year average (as at 30 June 2023), $2,000 minimum, 0.60% fees and a medium risk label, while the co-op's refreshed sitewide table puts the Superannuation (SMSF) portfolio at 4.4% p.a. over five and ten years and 2.8% over one year, net of fees and tax (crawled 2026-08-05). Asset mix: 60% rental property, 10% investment property, 30% community projects.
Best for: SMSF trustees adding halal income exposure
Sharia-screened superannuation and pension delivered as advised managed portfolios inside 'Super Simplifier' - an APRA-regulated fund on the DASH platform issued by Equity Trustees Superannuation Limited (AFSL 229757). Published fees: 0.71% MDA management + 0.35% super admin + 0.03% expense recovery, with nil establishment, contribution, withdrawal or exit fees, plus optional death/TPD/trauma/income-protection cover and account-based or transition-to-retirement pension conversion.
Best for: Australian Muslims who prefer an advised super arrangement with transparent platform fees, optional insurance and a built-in pension pathway, over a set-and-forget fund product
Structure
Wealth Management
Best For
Australian Muslims who prefer an advised super arrangement with transparent platform fees, optional insurance and a built-in pension pathway, over a set-and-forget fund product
Australia's pioneer Islamic superannuation, operating as a division of the Russell Investments Master Trust (trustee: Total Risk Management, AFSL 238790; USI TRM0001AU) and sponsored by Salaam Wealth Funds Management (AFSL 365260, formerly Crescent Wealth). Members choose from three pre-mixed Shariah-compliant options - Defensive, Balanced and Growth - screened to AAOIFI standards and audited annually by Dar Al Sharia.
Best for: Australian Muslims who want the longest-established Islamic super option with institutional trusteeship and audited AAOIFI screening, and who accept above-index fees as the price of faith alignment
Structure
Screened portfolio (AAOIFI)
Best For
Australian Muslims who want the longest-established Islamic super option with institutional trusteeship and audited AAOIFI screening, and who accept above-index fees as the price of faith alignment
The Russell Investments Master Trust's account-based pension product carrying three Salaam Shariah-compliant investment options - one of the only ways in Australia to draw a retirement income stream (account-based pension or transition-to-retirement) while staying invested in Islamically screened portfolios.
Best for: Salaam Super members approaching or in retirement who want an account-based pension or TTR strategy without leaving Shariah-compliant investments
Structure
Screened portfolio (AAOIFI)
Best For
Salaam Super members approaching or in retirement who want an account-based pension or TTR strategy without leaving Shariah-compliant investments
A super decision compounds for decades, which makes the boring line items decisive.
1
The Full Fee Stack
Add administration fees, investment fees and costs, and transaction costs from the PDS. Published examples: Salaam Super at 0.21% plus $60 per year administration; Hejaz Growth at 1.00% plus 0.05% investment costs; Meezan Wealth Super Simplifier at 0.71% MDA plus 0.35% admin. Small percentage differences are large dollar differences at retirement.
2
Screening Quality
Check the investment option's screening standard and holdings disclosure, not just the word Islamic in the name. AAOIFI-aligned screening with published methodology is the Australian norm among dedicated providers.
3
Insurance Inside Super
Default super often includes life and TPD cover. Before switching funds, check what cover you would lose and whether the new fund offers replacement; going uncovered by accident is a real cost of careless switching.
4
SMSF Only at Scale
SMSFs give full control (including Shariah-structured property finance) but carry trustee duties, accounting and audit costs that only make sense at larger balances. Get advice on the breakeven for your situation.
Shariah Oversight in Western Australia
How providers available in Western Australia handle Shariah compliance verification
2 providers
Formal Shariah Board
Independent panel of scholars that reviews and approves products
2 providers
Third-Party Certified
Compliance verified by an external Shariah certification body
Frequently Asked Questions
Common questions about islamic retirement & super in Western Australia
Is my superannuation halal?
Probably not by default. Compulsory employer contributions flow into your fund's default option unless you choose otherwise, and default MySuper options invest across the whole market, including banks, insurers and other non-compliant assets, without Islamic screening. Fixing this means switching to a Shariah-compliant super option or fund, which is a form-filling exercise rather than a financial sacrifice.
What Islamic super options are available in Western Australia?
Superannuation is national, so all 5 options we list from 4 providers are open to Western Australia residents: dedicated Islamic super products (Hejaz Islamic Super and Pension, Salaam Super), Shariah investment options inside platforms, and SMSF investment routes (ICFAL, Meezan Wealth).
What fees do Islamic super funds charge?
Published examples from our dataset: Salaam Super charges administration fees of 0.21% of balance plus $60 per year across options; Hejaz Islamic Super's Growth option lists investment fees and costs of 1.00% p.a. plus 0.05% transaction costs; Meezan Wealth's Super Simplifier lists an MDA fee of 0.71% plus 0.35% administration plus expense recovery; ICFAL's SMSF investment lists 0.60% with a $2,000 minimum. Compare the full fee stack in each PDS, since admin and investment fees add up differently at different balances.
Can I manage Islamic super through an SMSF?
Yes. A self-managed super fund gives you direct control over investments, letting you hold screened shares, Islamic funds or property (including Shariah-structured SMSF property finance). The trade-off is trustee responsibility and running costs, which only make sense at larger balances. ICFAL and Meezan Wealth both offer SMSF-oriented Islamic investment products.
Does switching super funds cost me?
Switching itself is usually free or low-cost, but check two things before moving: any insurance cover attached to your current fund (life and TPD cover inside super may lapse on exit and can be hard to replace), and any exit or buy-sell spreads. The long-run driver is fees and investment quality, not the switch itself.
Do Islamic finance providers serve Perth?
Yes. Meezan Wealth explicitly names Perth among its service cities, and the rest of the national shelf (MCCA, Hejaz, ICFAL, the broker networks, Islamic super and the ASX-listed ETFs) is equally available in WA through online applications. No provider in our dataset is WA-based.
What should WA property buyers check with Islamic financiers?
Two things: that the provider finances WA property at all (most national providers do, but confirm before paying fees), and how the structure is treated under WA transfer duty, since lease-based and co-ownership structures can interact with duty differently from a standard mortgage.
How to Choose the Right Option in Western Australia
A step-by-step guide to evaluating islamic retirement & super providers
1
Verify Shariah governance
Australia has no national Shariah governance framework, so check what the provider actually publishes: a named Shariah board, third-party certification (for example Amanie Advisors or Minarah Consulting), or a named scholar. Published fatwas and audit reports are the strongest signals.
2
Compare financing structures
Understand whether the product uses Diminishing Musharakah, Murabaha, Ijarah, Mudarabah, or Wakalah. Each has different risk, ownership, and cost implications, especially for early settlement.
3
Check state and city coverage
Most Australian Islamic finance providers operate online nationwide, but some concentrate their teams in Sydney or Melbourne. Confirm the provider serves your state and can handle your state's settlement process before applying.
4
Evaluate total cost
Look past the headline figure. For financing, ask for the full pricing schedule, establishment fees, valuation costs, and any insurance requirements. Many AU providers publish no rates at all, so get a written quote before committing.
5
Read the fine print on rates
Where rates are published, check how and when they reprice and what benchmark they follow. Ask for the fee schedule and repricing terms in writing, and compare the total cost against a conventional equivalent so you know the premium you are paying.
6
Consult a qualified advisor
For major decisions, ask the provider's compliance team for their Shariah documentation and, where the sums are large, engage an independent Islamic finance advisor who understands your situation.
Halal Finance Score
Is your super Shariah-compliant? Find out with your Halal Finance Score.
Halal Finance in Western Australia: Market Overview
Perth's Muslim community is served almost entirely by the national online market: 68 of 75 products in our dataset are available Australia-wide, and Meezan Wealth explicitly names Perth among the cities it serves alongside Sydney and Melbourne. WA buyers can compare home and SMSF property finance from MCCA, Hejaz, ICFAL, Riyadh FS and the broker networks, Murabaha car finance, the ASX-listed Islamic ETF suite, Islamic super options, and online will services. For time-sensitive dealings note the time difference with east-coast providers, and for property finance ask each provider to walk through how its structure is treated under WA transfer duty; the structures move title differently and state treatment belongs in your cost comparison.
Also Available in Western Australia
Explore other halal financial products for Western Australia residents
Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-03-06•Disclosure: No provider pays for placement or ranking on this page. Editorial policy and full disclosures.
Reviewed monthly and updated when regional availability, provider coverage, or product details change.
How We Review Retirement in Western Australia
We prioritize data accuracy, transparency, and Shariah-related disclosures. Product availability and details are sourced from provider materials and our structured product dataset. We do not fabricate statistics, reviews, or financial projections.
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.
