Australian firm secures $110 million funding from UAE group
Funding will enable Hejaz to expand its Sharia-compliant financing solutions, and development finance sectors in the Australian market
MELBOURNE, Australia (MNTV) — Hejaz, Australia’s leading Islamic financial services provider, has secured a 100 million euro ($110 million) funding facility from a UAE-based private wealth group, reports Manila Times.
This strategic funding will enable Hejaz to expand its Sharia-compliant financing solutions, catering to the growing demand across property, auto, and development finance sectors 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.
“The demand for Sharia-compliant financial products in Australia has surged, driven by a growing population seeking alternatives to conventional finance,” says 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.”
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