back Back

4 Sharia-based investment platforms for ethical investing in the UK

By Gloria Methri

July 09, 2024

  • Digital Investing Platform
  • Ethical investment
  • FinTech
Share

Sharia, Shariah-Compliant Investment, Islamic Finance, Halal Investment, FinTech, Digital Investment, Ethical Investment, UK, Middle EastShariah-compliant investments are based on Islamic law, or Sharia, which is a moral code of Islam. Such investments are crucial for Muslim investors as they align financial activities with Islamic ethical and moral principles, avoiding interest (riba), excessive uncertainty (gharar), and investments in prohibited industries such as alcohol, gambling, and pork.

In the UK, the Islamic finance market is growing significantly, reflecting a rising demand for halal financial products. According to the UK Islamic Finance Council, the country’s Islamic finance sector is valued at over $5 billion, with an increasing number of FinTech startups catering to this niche.

Islamic FinTechs and halal investment platforms are offering diverse ethical investment opportunities, providing options such as Sharia-compliant real estate, equity funds, and SME financing.

Here are four Shariah-compliant investment platforms offering ethical investing opportunities in the UK:

IslamicFinanceGuru is a platform that provides investment advice, financial education, and access to Sharia-compliant investment opportunities. It offers a curated list of halal investment funds, crowdfunding opportunities, and startup investments. Its target audience consists of Muslim investors seeking guidance and access to compliant investment opportunities.

Simply Ethical is a provider of Sharia-compliant and Socially Responsible investments and pension solutions for individuals. Established in 2009, it is directly authorised and regulated by the Financial Conduct Authority. Simply Ethical offers a range of Sharia-compliant investment solutions, including ISAs, pensions, and investment portfolios, to its private, corporate and intermediary clients. It provides personalized advice and manages investments according to ethical and Islamic principles.

Wahed Invest is a halal investment platform offering ethical and Sharia-compliant investment opportunities. It provides a diverse range of portfolios that avoid interest-based investments and companies involved in prohibited activities. Wahed Invest’s investments are designed to align with Islam’s ethics and social welfare beliefs and don’t involve alcohol, gambling, tobacco, or charging excess profit from interest.

Yielders is a property investment platform that provides Sharia-compliant investment opportunities in the UK real estate market. It allows investors to invest in pre-funded properties and earn rental income in a halal way. With its ethical investment model, there is no mortgage, interest, debt or hidden fees, which enables customers to grow their wealth without compromising on values.

Also read: Islamic Banking Systems and Suppliers Report Q4 2022

Previous Article

July 09, 2024

Discover launches Balance+ to streamline card transactions

Read More
Next Article

July 09, 2024

Outpayce from Amadeus builds B2B digital wallet on Mambu

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Digital Investing Platform

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Over 72% Financial Institutions to invest heavily in ESG Technology

Read More

Today

4 B2B SaaS platforms transforming business operations in the UK

Read More

July 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024