Hejaz, Australia's leading
Islamic financial services provider, has secured a €100 million funding
facility from a UAE-based private wealth group. This strategic funding
milestone will enable Hejaz to expand its Sharia-compliant financing solutions,
catering to the growing demand across property, auto, SME, commercial, and
development finance in the Australian market.
This facility
marks a significant leap forward for Islamic finance in Australia,
ensuring that the country's expanding Muslim communities have greater access to
financial solutions that align with their values. As the first of its kind at
this scale, this investment underscores international confidence
in Australia's Islamic finance sector and positions Hejaz as the
leading gateway for global Sharia-compliant capital into the region.
"The
demand for Sharia-compliant financial products in Australia has
surged, driven by a growing population seeking alternatives to conventional
finance," said Hakan Ozyon, CEO of Hejaz. "This funding facility
allows us to meet this demand at scale, supporting home buyers, business
owners, and developers while ensuring access to responsible finance
solutions."
The ripple
effect of this capital injection will be felt across multiple sectors,
particularly in real estate and SME lending, where access to Sharia-compliant
funding has historically been limited. Hejaz's expanded capacity to deploy this
capital will not only benefit the Muslim community but also contribute to
broader economic activity, job creation, and infrastructure development
across Australia.
This
partnership with global investors highlights the increasing recognition
of Australia as an emerging hub for Islamic financial services and
reinforces Hejaz's leadership in this growing sector.