New dealer group taps into Muslim market
New dealer group taps into Muslim market
A specialist financial services group is launching Australia’s first advice network to cater to Islamic customers, with plans to grow the dealer group up to 200 authorised representatives.
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In a statement, Hejaz Financial Services said it was launching the Hejaz Financial Advisers Network to assist Muslim clients with growing their wealth in a Sharia-compliant way.
Traditional Islamic beliefs forbid the use of financial products that pay or receive interest, as well as a number of other ethical screens including alcohol and non-Halal food products.