Hejaz Financial Services

What Hejaz Financial Services does

Hejaz Financial Services is an Australian Sharia-compliant financial services provider headquartered in Melbourne, founded in 2007, operating with 51-100 employees. The legal entity is Hejaz Capital Pty Ltd (ABN 44 161 857 478), trading as Hejaz Financial Services as a Corporate Authorised Representative of Hejaz Financial Advisers Pty Ltd (AFSL 517686); Hejaz Asset Management Pty Ltd acts as Promoter of the Islamic Super & Pension product and Investment Manager for underlying funds. The company targets the Australian Muslim community, offering an integrated ecosystem spanning home financing (Gold, Flexible, Essential, and SMSF tiers using Ijarah and Musharakah structures), auto financing via Murabaha (up to A$150,000 over 3-7 years), Hejaz Islamic Super & Pension with three risk-profile options, and 11+ Sharia-compliant ETFs and managed funds listed on the ASX (including ISLM, HJHI, SKUK). All offerings carry independent Sharia certification from Minarah Consulting and AAOIFI-aligned screening; the Halal Money mobile app extends self-serve access from a A$100 minimum investment.

Revenue mechanics are diversified across transaction-based lending margins and fees on home/auto finance, recurring management fees on super and pension AUM, and management/ETF fees across the listed and unlisted investment funds. Distribution blends direct online applications, consultation-led sales from the Melbourne office, the Halal Money app on iOS and Android, and community referral channels. The company raised approximately A$109.45 million in a funding round on April 9, 2025, providing material growth capital. The Islamic Super & Pension product is currently under review with new member signups temporarily paused while existing members continue to be served. No revenue, headcount, or ARR figures are publicly disclosed.

Name

Hejaz Financial Services

Legal name

Hejaz Capital Pty Ltd

Website

https://hejazfs.com.au

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Hejaz Financial Services is an Australian Sharia-compliant financial services provider offering home financing, auto financing, Islamic superannuation and pension, and a suite of ASX-listed ETFs and managed funds to the Australian Muslim community under AFSL 517686 and AAOIFI-aligned Sharia certification.

Ownership category

akta.pro rank

Product category

Islamic Financial Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910), Trust, Fiduciary, and Custody Activities (523991)

SIC

Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Private Banking & Wealth (FSABAGAD), Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Islamic home financing
• Sharia-compliant investing
• Halal investment funds
• Islamic superannuation
• Auto finance solutions

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others, Infrastructure

Revenue model

1. Home Financing: Revenue generated from Sharia-compliant home financing products including Gold Home Finance, Flexible Home Finance, Essential Home Finance, and SMSF Home Finance. Products structured as alternatives to conventional mortgages with transparent fee structures.
2. Auto Financing: Sharia-compliant vehicle financing with finance amounts up to $150,000, terms of 3-7 years, using Murabaha (cost + profit) structure. Revenue generated through arrangement fees and profit margins.
3. Superannuation & Pension Management: Management of Islamic superannuation and pension funds including Hejaz Islamic Super & Pension. Three investment options: Growth (75% growth/25% defensive), Balanced (60%/40%), and Conservative (35%/65%). Revenue from fund management fees.
4. Investment Funds: Management of multiple Sharia-compliant ETFs and managed funds including Hejaz Equities Fund Active ETF (ASX:ISLM), Hejaz High Income Active ETF (ASX:HJHI), Hejaz Sukuk Active ETF (ASX:SKUK), and various retail/wholesale managed funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Hejaz Financial Services provides Sharia-compliant financial products to Australian Muslims, including home financing (Gold, Flexible, Essential, SMSF tiers) using Ijarah and Musharakah structures, auto financing via Murabaha up to $150,000, Islamic superannuation with three investment options, account-based Islamic pensions, and more than ten halal ETFs and managed funds. The company operates as a Corporate Authorised Representative of Hejaz Financial Advisers Pty Ltd (AFSL 517686) and serves customers online, by phone, in person at its Melbourne office, and via the Halal Money mobile app.

Product overview

Hejaz Financial Services is an Islamic finance company offering Sharia-compliant financial products across multiple categories. The product portfolio includes four home financing options (Gold, Flexible, Essential, and SMSF Home Finance) using Ijara and Musharakah models, auto financing up to $150,000 via Murabaha structure, Islamic superannuation with three risk-based investment options (Growth, Balanced, Conservative), and an account-based Islamic Pension. The investment arm includes eleven Sharia-compliant ETFs and managed funds listed on ASX (Equities, High Income, Sukuk, Property, Global Ethical, Income, Enhanced Income, Private Credit, Private Equity, and Social Impact Funds), plus the Halal Money mobile app for retail investors. All products are governed by Sharia principles with oversight from Minarah Consulting as the external Sharia Supervisory Board.

Differentiator

Problem solved

Functional benefit

Brands

• Halal Money: Mobile application for halal investing from $100, available on iOS and Android.
• Hejaz Islamic Super & Pension
• Gold Home Finance
• Flexible Home Finance
• Essential Home Finance
• SMSF Home Finance
• Auto Finance
• Hayat Protection

Products and services

• Gold Home Finance Sharia-compliant home financing product for Australian Muslims, structured on Ijarah (lease-to-own) principles to avoid interest (Riba). Max finance amount $2,000,000 with a 5% deposit and unlimited additional repayments.
• Flexible Home Finance Sharia-compliant home financing for premium borrowers and investors, structured on Ijarah principles. Max finance amount $25,000,000 with a 20% deposit and unlimited additional repayments.
• Essential Home Finance Sharia-compliant home financing structured on Ijarah principles. Max finance amount $3,000,000 with a 20% deposit and unlimited additional repayments.
• SMSF Home Finance Halal property financing for self-managed super funds (SMSFs) using Musharakah (joint venture) structure where investor and financier share ownership according to pre-agreed ratios. Finance size up to $2,500,000, residential max LVR 85-90%, commercial max LVR 80%.
• Auto Financing Sharia-compliant auto finance for Australian consumers (PAYG and self-employed), using the Murabaha (Cost + Profit) model where Hejaz purchases the vehicle and sells it to the customer at an agreed markup. Finance amount up to $150,000, terms of 3-7 years, available for new, demo, and used cars, with balloon payment option and unlimited additional repayments.
• Hejaz Islamic Super Sharia-compliant superannuation fund with three investment options (Growth, Balanced, Conservative) screened against AAOIFI standards and avoiding haram industries such as weapons, tobacco, gambling, and alcohol.
• Hejaz Islamic Pension Sharia-compliant account-based pension providing flexible retirement income stream. Customers choose investment amount, payment frequency and amount, and preferred investment option, with ad-hoc withdrawal flexibility.
• Hejaz Equities Fund Active ETF ASX-listed Sharia-compliant equities ETF (Ticker: ISLM) providing diversified exposure to halal-screened companies. Inception date 17 October 2022.
• Hejaz High Income Active ETF ASX-listed Sharia-compliant high income ETF (Ticker: HJHI). Inception date 30 April 2024.
• Hejaz Sukuk Active ETF ASX-listed Sharia-compliant sukuk (Islamic bond) ETF (Ticker: SKUK). Inception date 2 November 2023.
• Hejaz Equities Fund (Managed Fund) Retail managed fund providing Sharia-compliant equities exposure (Ticker: HEF). Inception date 12 January 2022.
• Hejaz Property Fund (Managed Fund) Sharia-compliant property investment managed fund (Ticker: HPF, Closed). Inception date 12 January 2022.
• Hejaz Global Ethical Fund Sharia-compliant global ethical investments fund (Ticker: HGEF). Inception date 15 July 2017.
• Hejaz Income Fund Sharia-compliant income generation fund (Ticker: HIF). Inception date 28 February 2022.
• Hejaz Enhanced Income Fund Enhanced Sharia-compliant income fund (Ticker: HEIF). Inception date 25 March 2021.
• Hejaz Private Credit Fund Sharia-compliant private credit fund (Ticker: HPCF). Inception date 22 April 2024.
• Hejaz Private Equity Fund Sharia-compliant private equity fund (Ticker: HPEF). Inception date 30 April 2024.
• Hejaz Social Impact Fund Sharia-compliant social impact investment fund (Ticker: HSIF). Inception date 17 September 2018.
• Hayat Protection Sharia-aligned insurance coverage offered by Hejaz, with protection areas including Family Protection, Illness Recovery, Critical Care, and Loss of Income.
• Halal Money App Mobile application (iOS and Android) enabling retail investors to manage halal investments starting from $100. Available on Google Play and the Apple App Store.

Quantifiable outcome

• No specific quantifiable outcomes disclosed in available source materials

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Minarah ConsultingcoreStrategic or Co-development PartnerMinarah Consulting serves as the external Sharia Supervisory Board for Hejaz Financial Services. Their expert team is responsible for independently certifying the Sharia compliance of all Hejaz offerings and conducting comprehensive Sharia audits. This rigorous oversight ensures that operations consistently meet the highest standards of Islamic finance, providing credibility and trust to Muslim customers.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crescent Wealth: Australian Islamic wealth management and superannuation provider offering Sharia-compliant investment funds and pensions. Closely comparable to Hejaz's super/pension/managed-fund stack and competes head-on for Australian Muslim retail and SMSF investors.
• Muslim Community Cooperative Australia (MCCA): Australian member-owned cooperative offering Islamic superannuation and investment products aligned with Sharia principles. Directly comparable to Hejaz Islamic Super & Pension and serves the same Australian Muslim retail/SMSF base.

Emerging players

• Islamic Bank Australia: Australian startup building a fully Sharia-compliant retail bank with savings, financing, and investment products. Comparable to Hejaz on target market and product category, but at an earlier stage of licensing and product rollout.
• Amana Bank: Sri Lanka/Malaysia-based Islamic bank offering retail and SME Sharia-compliant products. Comparable to Hejaz on SME and consumer Islamic finance plus ethical fund offerings, but in Southeast Asian markets rather than Australia.

Broad incumbents

• National Australia Bank (NAB): Major Australian bank offering selected Sharia-compliant home finance products. Overlaps with Hejaz's home finance franchise but does not match its breadth across super, ETFs, and auto, and serves Islamic finance as a niche within a universal bank.
• Abu Dhabi Islamic Bank (ADIB): Large UAE-based Islamic bank offering retail, corporate, and investment banking products. Comparable to Hejaz on Sharia-governed product breadth (home finance, auto, cards, investment funds) but at materially larger scale and geographic footprint.
• HSBC Amanah: Global Islamic banking window of HSBC offering Sharia-compliant financing, cards, and investments across multiple markets. Comparable to Hejaz on home/auto finance and investment products but as a niche within a global universal bank.
• Standard Chartered Saadiq: Islamic banking arm of Standard Chartered offering Sharia-compliant consumer and wholesale finance, including home and auto financing. Comparable to Hejaz on Murabaha/Ijarah product structures and cross-market Sharia governance.

Regional players

• Al Rayan Bank: UK-based Sharia-compliant retail bank offering home finance, savings, and investments. Comparable to Hejaz on product breadth and Sharia governance, but operates in the UK rather than Australia.
• Gatehouse Bank: UK Sharia-compliant bank offering property finance, savings, and investment products including Sharia-screened funds. Comparable to Hejaz on property-finance specialization and AAOIFI-aligned screening, with UK rather than Australian customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Hejazfs

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hejaz Financial Services