4 FinTechs aiding Sharia-compliant investments in the UK

By Gloria Methri

With the global Islamic finance market projected to reach $4.94 trillion by 2025, the demand for Sharia-compliant financial products is on the rise. The UK, home to a significant Muslim population and a well-established financial ecosystem, has become a hub for Islamic finance. FinTech companies are at the forefront of this growth, offering innovative and ethical investment solutions that adhere to Sharia principles.

These FinTechs are making Sharia-compliant investments more accessible for those who want to grow their wealth in accordance with Islamic principles. As the demand for halal investment options continues to rise, these platforms are set to play a significant role in shaping the future of ethical finance in the UK.

• Islamicly

Islamicly is a unique app-based platform that enables users to track and invest in Sharia-compliant stocks globally. The platform provides real-time Shariah compliance updates, ensuring investors can make informed decisions that align with Islamic principles. It offers comprehensive insights into the Sharia-compliance of thousands of stocks, helping users build and manage a fully halal investment portfolio.

• Kestrl

Kestrl is a UK-based personal finance app that specializes in Sharia-compliant financial management. The platform helps users manage their finances, set savings goals, and invest in ethical and halal products. Kestrl combines financial planning with investment options, offering a holistic approach to Sharia-compliant wealth management. It offers tailored investment solutions that are both Sharia-compliant and aligned with users’ financial goals, integrating automated savings, halal investing, and ethical finance education.

• Qardus

Qardus is a UK-based Islamic business financing platform that helps SMEs access Sharia-compliant funding. While its primary focus is on business financing, Qardus also facilitates ethical investments by connecting investors with businesses that meet Islamic finance criteria. Investors can participate in profit-sharing agreements and asset-backed financing, ensuring their investments are both ethical and profitable.

• Simply Ethical

Simply Ethical is a UK-based financial services firm offering Sharia-compliant investment solutions. The platform provides a wide range of ethical investment opportunities, including stocks, ISAs, pensions, and property investments, all aligned with Islamic principles. It also offers personalized financial planning and wealth management services, ensuring clients can grow their wealth in a way that aligns with their values.