You can open an account with no initial contribution. As you start out, you can still enjoy the full range of member benefits Australian Islamic Super has to offer. You can then make automatic additional contributions over time.
Your investment holdings will be available online, through a dedicated client portal. You will be able to view your current portfolio, recent reports, investment valuations, and other account related details via a secure login.
You will also receive an Annual Statement through the post and via your online portal.
Your super will be invested in a manner consistent with the principles of ethical investing. Australian Islamic Super’s investment strategy prohibits exposure to sectors of the market deemed unethical, and favours investments that have a net positive
benefit to the community.
All of Australian Islamic Super’s investment options are invested in accordance with the principles of Islam, as certified by an independent Shariah Advisory Board, and also employs a rigorous internal screen as an added layer of protection.
Australian Islamic Super investment team has decades of experience managing ethical portfolios, and a strong history of adding value for clients. We apply an all-weather investment process, designed to adapt to any phase of the investment cycle.
If you change your mind after you apply to open an account and you have not exercised any right or power in relation to this product, you can cancel your account within 14 days from the end of the 5th day after the account is opened or you receive confirmation of the account’s establishment (whichever is earlier).This is called your “cooling off” right. Upon exercising this right your investment amount will be refunded after making allowance for any investment fluctuations, fees, costs and taxes, as permitted by law. In some cases, (such as cancellation of a pension account) the investment amount can only be refunded by being retained within an accumulation account in the Plan or by transfer to another superannuation fund (that is, by “cooling off” you will not necessarily be able to receive the investment amount in cash because the law sometimes requires that the investment amount is retained in the superannuation system until you satisfy a condition of release). You may not be able to exercise your “cooling off” rights if you have taken a payment (such as a pension payment) or exercised certain other rights in relation to your account.