Please find below, a list of Sharī‘ah-compliant solution providers, as an accompaniment to the Halāl Money Guide. We will periodically update this page as and when we become aware of new solution providers:
(1) Independent Financial Advisers
(2) Credit Cards
Pre-paid credit cards are closest to Sharī‘ah principles. See examples of these cards here.
(3) Child Trust Funds (CTFs) / Junior ISAs
(4) Bank Accounts
HSBC Amanah (personal)
Lloyds TSB (corporate)
(5) Personal Loans
We are currently not aware of any Sharī‘ah-compliant providers for personal loans. However, we are currently lobbying the government to help the SLC introduce Sharī‘ah-compliant student loans from September 2012. Click here for details.
(6) Alternative Mortgage Providers
(7) Investment & Pension Funds
NEST (low cost scheme set up by the government)
Non-geared conventional property funds may also be deemed permissible depending on the nature of properties owned.
Please note the content above is provided for information purposes only. 1st Ethical do not offer any financial advice, nor receive any commissions for referrals off this page. Should you require financial advice, please consult a professional adviser.