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Is Hejaz Islamic Super Fund a registered Super fund?
Hejaz Islamic Super is a division of AMG Super, which is an Australian registered superannuation fund.
This means Hejaz operates under the regulatory framework of AMG Super, ensuring it meets the legal standards and compliance requirements set by Australian regulators like APRA (Australian Prudential Regulation Authority) and ASIC (Australian Securities and Investments Commission).
AMG Super provides the administrative and compliance foundation, while Hejaz Islamic Super focuses on offering superannuation options that are fully Sharia-compliant. This arrangement allows Hejaz Islamic Super to specialise in ethically driven, Sharia-compliant investments, while AMG Super oversees the regulatory aspects, giving clients both security and adherence to Islamic principles.