Hejaz Financial Launches Two Sharia-Compliant ETFs

Share post:

Earlier this month, Hejaz Financial Services announced the launch of two new ETFs looking to be the first Australian funds that are Sharia-compliant. The funds are, the Hejaz Equities Fund (ISLM) and the Hejaz Property Fund (HJZP), and they’re available for trade on the ASX. Both funds are Sharia-compliant meaning they will not invest in companies in sectors of tobacco, gambling, adult entertainment, conventional banking, weapons, and pork. ISLM invests in developed markets seeking results similar to the MSCI World Islamic Index Benchmark and HJZP invests in global REITs and is benchmarked to the MSCI World REITs Index.

ETF Newz Says:

Both ETFs look to provide Muslims and ethically conscious investors access to more options.


Bitcoin Designate Nears $40K With Fed, ETF At Play

As the Federal Reserve adjusts monetary policies and the likelihood of a Bitcoin ETF approval increases, the price of Bitcoin is nearing the $40K mark. This financial milestone affirms the cryptocurrency's ongoing traction in global markets.

Bold Prediction: Bitcoin Set to Skyrocket to $100,000 by 2024

This scarcity is one of the key factors driving the value of Bitcoin. As the supply becomes more...

Goldman Sachs Launches First Funds Through ETF Accelerator

Goldman Sachs has unveiled the first exchange-traded funds (ETFs) launched through its ETF Accelerator platform, a digital initiative...

Record-Breaking Year for ETF Launches

2023 has been a standout year for the launch of new ETFs. The market is on track to...