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 alternat...

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

Watch Professional Adviser's Working Lunch on the Baillie Gifford Managed Fund- The benefits of diversification in an uncertain world

Catch up on the discussion

Professional Adviser
clock 30 June 2025 • 1 min read
Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

AIM has helped 4,000 businesses raise £135bn since launch

Eustace Santa Barbara
clock 19 June 2025 • 4 min read
AIM at 30: Why advisers should take a fresh look at the UK's junior market

AIM at 30: Why advisers should take a fresh look at the UK's junior market

'We see AIM as a jewel in the crown with long-term appeal for the right clients'

Oliver Brown
clock 17 June 2025 • 4 min read