Standard Life links to Islamic fund

The fund, the first in the UK to meet the requirements of Islamic law, monitors the Dow Jones Islamic Market Titans Index and therefore does not invest in firms whose primary activities include alcohol, tobacco, pork-related products, weapons and defence, entertainment or conventional financial services. Iain McLeod, marketing manager for savings & investment at Standard Life says: “As the UK population becomes more diverse it is important to recognise different needs and this new fund will open new savings opportunities for over 1.8 million Muslims in the UK alone.” If you have any co...