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Showing 1 - 10 of 13 results for "Sharia"

Preqin offers ESG benchmark for alternatives

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
... climate funds, and compliance with Sustainable Finance Disclosure Regulation (SFDR), Sustainable Development Goals (SDG), and Sharia Law. The yardstick allows investors to assess funds and fund managers as part of their sustainability strategy; it also ...

Sustainable, ethical super products fail performance test

RACHEL ALEMBAKIS, JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023  |  NEWS
Several sustainable, ethical and faith-based superannuation products have failed this year's superannuation performance test. Australian Retirement Trust's QSuper Socially Responsible option, three of Crescent Wealth's four investment options ...

Hejaz invests in Islamic Bank Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 MAY 2023  |  NEWS
Hejaz Group has bought a $10 million stake in Islamic Bank Australia, a move that will see Hejaz abandon its plan to obtain its own retail banking license. Hejaz, an Australian Islamic financial services provider, is funding the investment into Islamic ...

Hejaz Financial Services funds certified responsible invesments

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 NOV 2022  |  NEWS
The Responsible Investment Association Australasia (RIAA) has certified four funds from Hejaz Financial Services. The Responsible Investment Certification Program applies strict criteria for certifying responsible, ethical and impact investment products ...

Vanguard, Hejaz, abrdn launch sustainable products

RACHEL ALEMBAKIS  |  THURSDAY, 20 OCT 2022  |  NEWS
A number of ESG and sustainable products have launched in Australia, including two Sharia-compliant ETFs and a positive impact fund. Vanguard Australia has launched a positive impact global equities fund that aims to outperform the broad global equities ...

Strong flow of new ESG funds brought to market: Equity Trustees

RACHEL ALEMBAKIS  |  THURSDAY, 26 MAY 2022  |  NEWS
... environment, social and governance (ESG) theme, with 4% having sustainable development goals, 3% ultra-ethical code of governance (Sharia compliant) and 1% themed carbon neutral. Equity Trustees defines an ESG fund as being one that are actively pursuing ...

Hejaz Income Fund AUM up more than 50%

RACHEL ALEMBAKIS  |  TUESDAY, 12 APR 2022  |  NEWS
... delivered an annualised net return of 5.36% and targets a return of 5-7%, net of fees and before tax. The fund invests in Sharia-compliant secured private financing, asset-backed investments, property, and corporate financing, Dhedhy noted. "The fund ...

Hejaz Financial Services predicts $100m growth in 2022

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
... the process of submitting an application to APRA as a restricted ADI. If successful, Hejaz would be the first Australian Sharia-compliant deposit taking bank. Hejaz Financial Services currently provide lending services for homes and investment properties ...

Hejaz Financial Services make senior banking appointments

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 DEC 2021  |  NEWS
... financial services including deposit-taking accounts, debit card arrangements other arrangements. Hejaz is working with Sharia scholars on how the products will comply with faith-based standards, Ozyon said. "We enjoy a good relationship with APRA, who ...

Islamic fund to expand into banking

RACHEL ALEMBAKIS  |  THURSDAY, 16 SEP 2021  |  NEWS
... application to APRA as a restricted ADI, said CEO Hakan Ozyon. If successful, Ozyon said they would be the first Australian Sharia-compliant deposit taking bank. "Our indication from APRA thus far has been positive," Ozyon said. "They don't see any ...
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