Hejaz maintains a neutral stance and does not adhere to any specific school of thought (madhhab) when structuring our financial products.
Instead, Hejaz strictly follows the most stringent Sharia standards as set out by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
AAOIFI is a globally recognised body that establishes Sharia governance and financial standards, ensuring that Islamic financial products meet the highest level of compliance across different scholarly perspectives. Our commitment to these rigorous standards ensures that our products remain ethical, transparent, and aligned with the principles of Islamic finance.
For almost a decade, the Hejaz Group has received Sharia certification from an Internationally renowned Sharia Board, Global Islamic Financial Services (GIFS). GIFS are engaged to ensure that all of Hejaz’s products, agreements, and contracts, as well as operational business processes, are aligned with Sharia principles. The GIFS Board comprises of Islamic scholars, Muftis, Islamic Finance experts, and lawyers. Their expertise is sought in the formulation and creation of new products and then extends to ongoing review of Sharia compliance through a semi-annual Sharia audit to ensure that Sharia principles and practices are being upheld.