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

UK retail investors more influenced by domestic policy than geopolitical events

UK retail investors more influenced by domestic policy than geopolitical events

Winterflood Q1 report finds

clock 05 May 2026 • 2 min read
Darius McDermott: Defence in a fragmented world

Darius McDermott: Defence in a fragmented world

'It is clear that the world has changed and government spending is being redeployed'

Darius McDermott
clock 01 May 2026 • 4 min read
Canaccord Wealth launches crypto exposure offering to high-net-worth clients

Canaccord Wealth launches crypto exposure offering to high-net-worth clients

For risk profile 7+ portfolios

clock 29 April 2026 • 1 min read