How We Keep Your Super Halal

 

Your super is an amanah - a trust. At Salaam, we honour that trust by ensuring every part of your super is structured, overseen and managed in line with Islamic principles. This page explains how Shariah compliance works in practice so you can see, step by step, how your halal super is protected.

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“What we say about Shariah-compliant investing is matched by what we do internally.”

FARAZ NOMANI, COMMUNITY MEMBER& SALAAM RELATIONSHIP MANAGER 

Our Shariah Framework

Shariah compliance is not an add-on. It is built into Salaam Super from the ground up. 

We follow the AAOIFI global Islamic standard, ensuring every investment aligns with Islamic principles and avoids prohibited industries or financial practices. Salaam sets the values, governance and framework that guide all investment decisions and oversight. 

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What We Avoid

We never invest in industries or activities that conflict with Islamic principles. That includes interest-based banking, conventional insurance, gambling, alcohol, tobacco, pornography, weapons, pork products and entertainment businesses involved in impermissible activities. We also exclude companies with excessive debt or significant impure income. 

If a company is connected to any of these, it is excluded from our universe of investments. 

Financial Screening

Even halal industries must meet strict financial purity criteria. Each potential investment is screened for acceptable levels of debt, interest-bearing income and liquidity, and for the proportion of revenue that comes from permissible versus non-permissible sources. 

This ensures that investments are halal in both business activity and financial structure.

Independent Shariah Oversight 

Our Shariah advisors, Dar-Al-Shariah Dar Al Sharia, are a leading global group of Islamic finance scholars. They independently review and certify our investments, provide rulings and guidance, and audit our processes to ensure they remain in line with Islamic standards. 

Their role includes reviewing investment selections, certifying compliance with AAOIFI standards, overseeing screens and filters, assessing changes to business activities and guiding purification processes where needed. 

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Continuous Monitoring

Shariah compliance is monitored continuously, not just once a year. This includes ongoing portfolio monitoring, quarterly re-screens, alerts when company activities change and annual audits. If a company no longer meets our Shariah criteria, it is removed from the portfolio in line with Shariah guidelines. Your investments are checked and re-checked to ensure they remain aligned with your values.

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Purification

If a small amount of impure income arises — for example, unavoidable bank interest — it is identified and removed from the investment return and donated to charity. This means members do not benefit from non-permissible income. The purification process is overseen by our Shariah advisors and documented as part of our compliance framework.

continuous monitoring

Continuous Monitoring

Shariah compliance is monitored continuously, not just once a year. 

This includes ongoing portfolio monitoring, quarterly re-screens, alerts when company activities change and annual audits. If a company no longer meets our Shariah criteria, it is removed from the portfolio in line with Shariah guidelines. 

Your investments are checked and re-checked to ensure they remain aligned with your values.

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Purification

If a small amount of impure income arises — for example, unavoidable bank interest — it is identified and removed from the investment return and donated to charity. This means members do not benefit from non-permissible income. 

The purification process is overseen by our Shariah advisors and documented as part of our compliance framework. 

 

How Salaam and Russell Work Together

Salaam sets the Islamic principles, framework and governance that define how your super is managed.  PikPng.com_investments-png_4496913 provides technical investment tools and operational support. 

Shariah decisions, exclusions and screens are set by Salaam and its Shariah advisors. Russell Investments operates within that framework and does not control Shariah outcomes. This means your super remains halal and values-led, while still benefiting from global investment capability and infrastructure. 

Our Accreditation and Standards

Your halal super is supported by recognised Islamic and responsible investment standards. 

Dar-Al-Shariah

Dar Al Sharia 

Our independent Shariah advisors who audit, review and certify investments, ensuring ongoing compliance with Islamic principles.

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AAOIFI 

The global Shariah standard that guides our screening, financial filters and governance structures.  Salaam is a member of AAOIFI.

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RFI Foundation

Alignment with responsible finance principles that support equitableinclusive and sustainable investing. Salaam is a member of RFI.

Dar Al Sharia

Our independent Shariah advisors who audit, review and certify investments, ensuring ongoing compliance with Islamic principles. 

AAOIFI

The global Shariah standard that guides our screening, financial filters and governance structures.  Salaam is a member of AAOIFI.

RFI Foundation

Alignment with responsible finance principles that support equitableinclusive and sustainable investing. Salaam is a member of RFI.

Want to Talk It Through?

If you would like to understand more about how your halal super is screened, overseen or audited, our team is here to help.