Hejaz Islamic Super Is Closing: What Members Need to Know

Hejaz Islamic Super & Pension is closing, meaning existing members will need to make some important decisions about where their superannuation goes next.

If you are currently a Hejaz Super member, there are several important deadlines approaching in September and October 2026.

For members who chose Hejaz because they wanted their super invested in accordance with Islamic principles, the closure may also raise another important question: what Sharia-compliant alternatives to Hejaz Super are available?

This article explains the key dates, what the closure means for existing members and some of the important things to consider before choosing another superannuation option.

Why Is Hejaz Islamic Super Closing?

Hejaz Islamic Super & Pension operates as a division of AMG Super, with Equity Trustees Superannuation Limited acting as trustee.

Equity Trustees announced its decision to withdraw from its Superannuation Trustee Services business following a strategic review.

For Hejaz Super members, this means the superannuation arrangement is being wound up and members will need to make alternative arrangements for their existing balance and future contributions.

Importantly, the closure of Hejaz Islamic Super & Pension should not be interpreted as meaning that every business within the broader Hejaz Group is closing.

Important Hejaz Super Closure Dates

There are several important dates existing Hejaz Super members should be aware of.

30 September 2026: Contributions cease

Hejaz is expected to stop accepting employer contributions, salary sacrifice contributions, personal contributions and incoming rollovers.

If your employer currently pays your super into Hejaz, you should consider arranging another superannuation account and providing your employer with the required details.

Around 10 October 2026: Initial transfer expected

An initial payment to a member's nominated new superannuation account is expected on or around 10 October 2026.

The amount initially transferred may depend on the investment option held by the member.

12 October 2026: Deadline to provide new super details

Members currently have until 12 October 2026 to provide Hejaz with details of their nominated new superannuation account.

If the required details are not provided by the deadline, current information indicates that the remaining benefit may instead be transferred to the Australian Taxation Office (ATO).

Around February 2027: Remaining balance expected to be transferred

Current information indicates that remaining balances are expected to be transferred to members' nominated superannuation accounts as the wind-up progresses, with final transfers expected around the end of February 2027.

Members should continue checking communications from Hejaz and the trustee because dates and arrangements may change.

What Should I Do If I Have Hejaz Super?

If you are an existing member, there are several things worth considering before the upcoming deadlines.

Consider where your future super contributions will go

You will need another superannuation account to receive future employer and personal contributions.

Update your employer

Once your new superannuation account is established, you may need to provide your employer with the new fund details so future contributions are directed correctly.

Provide your new super details to Hejaz

Hejaz will require the appropriate receiving fund details to transfer your existing benefit.

Members should follow the instructions provided by Hejaz and check their member portal for information specific to their account.

Review your investment strategy

Changing super funds can change how your retirement savings are invested.

Consider the investment strategy, asset allocation, diversification, risk and whether the new arrangement remains appropriate for your objectives.

Review your insurance

Changing superannuation arrangements can also affect insurance associated with your existing super account.

Before making changes, consider your existing cover and whether replacement arrangements may be required.

What Are the Alternatives to Hejaz Super?

With Hejaz Super closing down, existing members may be wondering what other superannuation options are available.

There is not necessarily one direct Hejaz Super alternative that will be appropriate for every member.

Different superannuation funds and investment structures can provide different investment options, fees, insurance arrangements and features.

For Muslim Australians who want their retirement savings to remain invested according to Islamic principles, another important consideration is whether an alternative provides access to Sharia-compliant investments.

When comparing alternatives to Hejaz Super, you may want to consider:

• Sharia compliance and investment screening

• Sharia governance

• Investment options

• Diversification

• Investment risk

• Fees and costs

• Insurance options

• Historical investment performance

• Administration and features

• Retirement and pension options

An option being described as Islamic or Sharia-compliant does not automatically mean it will be appropriate for every investor.

Are There Other Sharia-Compliant Super Options in Australia?

There are other ways for Australians to obtain exposure to Sharia-compliant investments through superannuation.

However, the available options can differ significantly in their investment approach, diversification, costs, Sharia screening methodology and other features.

Rather than simply asking "what is replacing Hejaz Super?", members may benefit from considering which alternative superannuation arrangement suits their circumstances while also meeting their requirements for Sharia-compliant investing.

Should I Simply Move to Another Islamic Super Fund?

Not necessarily.

Maintaining Sharia-compliant investments may be an important requirement for you, but it is still only one part of choosing an appropriate superannuation arrangement.

Two Sharia-compliant super options can have different:

• Investment strategies

• Asset allocations

• Fees

• Levels of diversification

• Insurance arrangements

• Features

• Risk levels

The closure of Hejaz may therefore provide an opportunity to review your broader superannuation strategy rather than automatically transferring to the first available Islamic alternative.

What Happens to My Insurance When Hejaz Super Closes?

Insurance is an important consideration when changing super funds.

Depending on your existing arrangements, you may have insurance associated with your Hejaz Super account.

Before changing your superannuation arrangements, consider:

• Life insurance

• Total and Permanent Disability insurance

• Income protection, where applicable

• Your existing sum insured

• Premiums

• Exclusions or loadings

• Whether replacement insurance is available

Do not assume that insurance available through another super fund will automatically provide the same cover.

For some people, obtaining equivalent replacement insurance may also be more difficult if their health, occupation or circumstances have changed.

What Happens If I Don't Choose Another Super Fund?

Members should pay particular attention to the 12 October 2026 deadline.

Current closure information indicates that if Hejaz does not receive the required details for your new superannuation account by the applicable deadline, your remaining benefit may be transferred to the Australian Taxation Office (ATO).

Your superannuation is not simply lost if it is transferred to the ATO.

However, if maintaining a Sharia-compliant investment strategy is important to you, allowing your super to be transferred to the ATO may not align with your intended investment approach.

Looking for an Alternative to Hejaz Super?

Straight Path Financial Planning can help members affected by the Hejaz Islamic Super closure understand and explore their available options.

For members who want to continue investing according to Islamic principles, we can help consider available Sharia-compliant superannuation and investment options alongside your broader financial circumstances.

This may include reviewing:

• Your existing superannuation

• Alternative Sharia-compliant options

• Investment strategy

• Risk profile

• Fees and costs

• Existing insurance

• Replacement insurance considerations

• Contributions

• Retirement objectives

The appropriate option will depend on your individual circumstances.

Affected by the Hejaz Super closure?

Read our dedicated guide covering the closure, important deadlines and alternative options.

Explore Hejaz Super Alternatives

Frequently Asked Questions

Is Hejaz Super closing down?

Yes. Hejaz Islamic Super & Pension is being wound up, meaning existing members will need to make alternative arrangements for their superannuation.

When does Hejaz Super stop accepting contributions?

Current information indicates that Hejaz will stop accepting contributions and incoming rollovers from 30 September 2026.

What is the 10 October 2026 Hejaz Super date?

An initial transfer to members' nominated new superannuation accounts is expected on or around 10 October 2026. The amount transferred initially may depend on the investment option held.

What is the 12 October 2026 Hejaz Super deadline?

12 October 2026 is currently the deadline for members to provide Hejaz with details of their nominated new superannuation account.

What happens if I don't move my Hejaz Super?

If the required details are not provided by the applicable deadline, current information indicates that the remaining benefit may be transferred to the ATO.

What are the alternatives to Hejaz Super?

Members can consider other superannuation funds and investment structures. For members seeking to maintain Islamic investment principles, this may include considering superannuation arrangements that provide access to Sharia-compliant investments.

Are there Sharia-compliant alternatives to Hejaz Super?

There are other ways to access Sharia-compliant investments through superannuation in Australia. Available options differ in their investment approach, fees, diversification, insurance and Sharia governance.

What is the best alternative to Hejaz Super?

There is no single alternative that will be appropriate for every Hejaz member. The appropriate option depends on your financial circumstances, objectives, investment preferences, risk profile, insurance requirements and other considerations.

Can I rollover my Hejaz Super to another super fund?

Affected members can nominate an eligible superannuation account to receive their benefit as part of the closure process. Consider the investment, insurance, fees and other consequences before choosing the receiving fund.

Can a financial adviser help me find an alternative to Hejaz Super?

Yes. Financial advice can help you compare alternative superannuation arrangements based on your circumstances. Straight Path Financial Planning can also help clients seeking to maintain Sharia-compliant investment preferences explore available superannuation and investment options.

Important Information

This information is general in nature and does not take into account your objectives, financial situation or needs. Before making a financial decision, consider whether the information is appropriate for your circumstances and consider obtaining personal financial advice.

Information regarding the Hejaz Islamic Super & Pension closure is based on information available at the time of publication and may change. Members should refer to official communications from Hejaz and the trustee for information relating to their account.