More Sharia compliant products are becoming available in the UK

special interest

At present, there is little choice of Sharia compliant products for UK investors, but this market is set to grow, with further offerings due for launch in the coming months.

Investors seeking investment and savings products compatible with Islamic law are given little choice. But with many Sharia products producing better returns than conventional offerings, non-Muslim investors are showing interest and providers are taking note. Currently, UK investors have access to Sharia compliant bank accounts and mortgages. The Islamic Bank of Britain (IBB), the UK's first and only Islamic bank, which launched in September 2004, also offers a personal finance facility - the equivalent to a loan. And in September the Children's Mutual will launch the first Sharia complian...