How can I check whether an Islamic fund or adviser is legitimate and licensed?

Q: How can I check whether an Islamic fund or adviser is legitimate and licensed?

Five checks, all free, all on official registers. ASIC Professional Registers - confirm the AFSL, or that the person is an authorised representative of a named licensee ASIC's Financial Advisers Register - for an individual adviser, including their authorisations and history ASIC investor alert list - companies you should not deal with AFCA membership - if they are not a member, you have no external dispute pathway The disclosure documents - a legitimate retail product has a PDS and a TMD, and will give them to you before you invest Registration is not an endorsement. It confirms the entity is authorised to operate - nothing about whether the product suits you or will perform.

Five checks, all free, all on official registers.

ASIC Professional Registers - confirm the AFSL, or that the person is an authorised representative of a named licensee
ASIC's Financial Advisers Register - for an individual adviser, including their authorisations and history
ASIC investor alert list - companies you should not deal with
AFCA membership - if they are not a member, you have no external dispute pathway
The disclosure documents - a legitimate retail product has a PDS and a TMD, and will give them to you before you invest

Registration is not an endorsement. It confirms the entity is authorised to operate - nothing about whether the product suits you or will perform.

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Factual and educational information only. Nothing on this page is financial product advice, a recommendation, or a Shariah ruling. Consider your circumstances and the product's disclosure documents, and seek licensed advice and qualified scholarly guidance before acting.