alburaq launches UK 'Halaal' savings plan

clock

alburaq, has launched a capital-protected savings plan for British customers, designed to allow exposure to the stock market in harmony with ethical Islamic principals.

The Islamic provider says the capital-protected savings plan is a ‘Halaal’ alternative to a guaranteed equity bond. Customers can deposit £500 to £1m, with their investment linked to the stock market via 20 shares selected from the Dow Jones Islamic Index. The initial deposit is protected and savers will receive 100% of capital gained through the plan. The investment is also in accordance with Shari’ah. Keith Leach, head of alburaq says: “Our research has shown that, whilst the Muslim community highly values property as a means of wealth generation, there is also a desire for alter...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read
Why investors need to think about emerging markets a little differently

Why investors need to think about emerging markets a little differently

'Emerging markets are starting to look eerily similar to developed'

James Flintoft
clock 29 October 2025 • 3 min read