Hejaz offers and Income Fund investment which pays a quarterly income distribution, is that Halal? Seems like a term deposit with interest…

At Hejaz, our income funds are structured to align with Sharia compliance, utilizing Islamic mortgage financing and financing for Sharia compliant businesses. As these businesses repay their finance facilities with Hejaz, a portion of the rental (Ijara) is shared as a return with investors. It's important to note that the projected returns are not guaranteed, and as with any investment, there is an element of risk involved. Our investments are different from conventional bonds and bank term deposits, which offer a guaranteed rate of return, which is not permissible under Islamic principles. We strive to offer our clients investment opportunities that are not only profitable but also align with their values and beliefs.