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Showing 1 - 10 of 31 results for "Islamic finance"

Islamic finance industry association established

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
The Islamic Finance and Investments Association (IFIA) will work to further Australia's nascent Islamic banking, finance and investments sector and Shariah compliant standards. Launched today, the IFIA is led by chief executive Chaaban Omran, the former ...

Private wealth group splashes $182m on Hejaz

KARREN VERGARA  |  FRIDAY, 11 APR 2025
... and development loans. Hejaz chief executive Hakan Ozyon said the facility marks a significant leap forward for Islamic finance in Australia, ensuring that the country's expanding Muslim communities have greater access to financial solutions that align ...

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
... follows the company attaining a Shariah-compliant certificate from Amanie Advisors, a Shariah advisory firm. The Islamic finance industry is set to boom in the next few years, with S&P Global Ratings forecasting a high single-digit growth in total assets ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... steadily increasing value. However, borrowing money to buy property and paying interest was forbidden (riba) under Islamic finance (Sharia) principles. With the Islamic SMSF structure, Meezan Finance provides funding which followed Islamic Musharaka ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
Islamic Finance provider Hejaz has launched Australia's first Sukuk active exchange-traded fund (ETF), offering retail investors a Shariah-compliant fixed income solution. The Hejaz Sukuk Active ETF (Managed Fund) opened on the ASX today, comprising ...

Islamic Finance & Investments Association launches

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... that will be the voice and leadership of Islamic banking, finance, and investments in Australia has launched. The Islamic Finance & Investments Association (IFIA) is founded by directors Dean Gillespie, chief executive of Islamic Bank Australia, Wally ...

Hejaz receives RIAA fund certifications

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
... the high benchmark set for certification for four of its funds," RIAA chief executive Simon O'Connor said. The Islamic finance provider said regardless of faith, retail investors increasingly want to see themselves in their investments. It also added ...

Hejaz launches Sharia-compliant ETFs

CHLOE WALKER  |  MONDAY, 17 OCT 2022
... Muzzammil Dhedhy said: "While Islamic ETF products are widely available overseas, this will be the first time Islamic Finance products are listed on the ASX." By making it simple for retail investors to access our award-winning funds, we are taking an ...

Hejaz Financial Services, GBST provide online calculators

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
... website, delivering a responsive design ability for simple use on mobile phones, and branding consistent with the Islamic Finance firm's requirements. A statement said its interactive products are used by more than 100 financial services organisations ...

Hejaz Financial Services partners with outsource Financial

CHLOE WALKER  |  FRIDAY, 11 MAR 2022
... Muzzammil Dhedhy said. "However, the evidence shows that many still lack access to, or are completely unaware of, Islamic finance products. "Our partnership with outsource Financial, one of Australia's fastest growing and most innovative broker networks ...
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