HalalWallet (halalwallet.co.uk) compares Shariah-compliant investing options in the UK: Islamic UCITS ETFs on the LSE, global Islamic equity funds from HSBC and Schroders, managed halal portfolios and ISAs from Wahed and Simply Ethical, halal income funds from Cur8 Capital, and property crowdfunding from Yielders. Founded by Robert Mallon and Kyle Natter, and backed by Niya, a Silicon Valley venture studio, HalalWallet provides independent Halal Transparency Scores and side-by-side comparisons of fees, minimums, and Shariah governance so UK investors can build halal portfolios.
Halal Investing in the UK
Islamic UCITS ETFs, global equity funds, managed halal portfolios, and income funds compared on fees, minimums, and who actually oversees the Shariah screening.
Reviewed quarterly and updated when provider data, product availability, or pricing changes.
Top Picks
Top Halal Investing Providers
Every provider reviewed against published factsheets: fees, minimums, and the Shariah governance actually disclosed.
Ranked by Halal Money Index grade: disclosed Shariah governance, transparency, pricing disclosure and track record. Not sponsored.
iShares (BlackRock)
APhysically replicating Islamic index ETF (MSCI EM Islamic)
Best for: Halal investors correcting the extreme US concentration of every mainstream Islamic equity product with a single EM allocation.
Shariah Oversight
Simply Ethical
ASimplified-advice discretionary portfolios of Islamic funds and gold
Best for: Investors with GBP 1,000+ who want an actual regulated advice layer (not just execution) on a scholar-certified portfolio, plus annual zakah and purification calculations done for them.
Shariah Oversight
Not sure where to start?
Answer a few quick questions and get a personalized halal investing strategy with an example portfolio in about 30 seconds.
Choose Your Halal Investing Strategy
Click a strategy to filter providers below, or explore the full strategy guide.
Diversified ETFs
Low-cost halal ETFs for steady, long-term wealth building
Managed Portfolios
Let experts build and manage your halal portfolio for you
Stock Picking
Screen and select individual Shariah-compliant stocks yourself
Income / Sukuk
Prioritize steady halal income through sukuk and income funds
Gold & Real Assets
Hedge inflation with Shariah-compliant real assets
Retirement
Build a Shariah-compliant retirement portfolio (Sharia pensions & SIPPs)
How Halal Investing Works in the UK
Islamic index screening, FCA-regulated platforms, and the governance differences that separate providers
Islamic Index Screening
Halal equity funds screen against Islamic index methodologies such as MSCI Islamic and Dow Jones Islamic Market: the business must be halal, and financial ratios (interest-bearing debt, non-compliant income) must stay under published thresholds.
Tax Wrappers: ISAs and SIPPs
Most UK halal platforms offer Stocks & Shares ISAs (20,000 GBP annual allowance, gains and income tax-free) and SIPPs with tax relief on contributions. Wahed and Simply Ethical run halal ISAs; several funds are available through mainstream ISA platforms.
Islamic UCITS ETFs on the LSE
iShares runs three LSE-listed Islamic ETFs: MSCI World Islamic (ISWD, 0.30% TER), MSCI USA Islamic (ISUS, 0.30%), and MSCI EM Islamic (ISDE, 0.35%). All physically replicated, trading like stocks through any UK broker.
Shariah Governance Varies
HSBC's Islamic funds sit under the HSBC Global Shariah Supervisory Committee, iShares' ETFs use the MSCI Islamic index committee plus a fund-level board, and platforms like Wahed and Simply Ethical maintain their own Shariah advisors. We label each product's oversight.
Fund-Level Purification
Islamic funds and ETFs purify non-compliant income at the fund level under their Shariah advisors. Direct stock investors must calculate and donate the purification amount themselves.
Income and Property Options
Beyond equities: Cur8 Capital's income funds target 7.75% (GBP) and 9.5% (USD) per year from private credit-style halal deals, and Yielders offers FCA-regulated property crowdfunding from small minimums.
What a halal portfolio can look like
Example allocations to illustrate how Shariah-compliant investing works in practice. These are not financial advice - consult a qualified advisor for your personal situation.
Moderate risk: a blend of growth and income for most investors.
Core growth engine
International diversification
Stability & income
Inflation hedge
This is an illustrative example only and does not constitute investment advice. Actual allocations should be based on your financial goals, risk tolerance, and consultation with a qualified financial advisor. Past performance does not guarantee future results.
Quick picks by goal
Not sure which provider to start with? Pick a common goal below.
Best for beginners
Hands-off managed investing
- Professionally managed halal portfolios
- Automatic rebalancing & Shariah screening
Best for low-cost investing
Halal ETFs with low expense ratios
- Index-based Islamic ETFs from a 0.50% management fee
- Tradeable through any UK brokerage account
Best for stock pickers
Screen and trade halal stocks
- Halal stock screeners with AAOIFI-based filtering
- Full control over individual holdings
Compare Halal Investment Platforms
Every row shows a Halal Transparency Score, “best for” guidance, and context-specific CTAs. Toggle between Beginner and Expert views.
Our Analysis
The UK halal investing market has matured into real choice: we compare 11 products across ETF, index fund, managed portfolio, income fund, and property crowdfunding categories. The passive core is strong. iShares runs three LSE-listed Islamic UCITS ETFs at 0.30 to 0.35% TER, all physically replicated and trading since 2007, and HSBC's Islamic Global Equity Index Fund and the Schroder Islamic Global Equity Fund give the same screened global exposure in fund form from 100 GBP or 25 GBP a month.
The two decisions that matter most are fees and how much you want done for you. Doing it yourself through an ETF costs 0.30% a year plus dealing charges. Wahed's managed portfolios cost 1% below 250,000 GBP (falling to 0.5% above 1m), and Simply Ethical's advised portfolios run 0.75% down to 0.25% by band, both plus underlying fund costs. That gap of half a point or more compounds meaningfully over a decade, so pay for management only if you will actually use the advice, rebalancing, and hand-holding.
On governance, disclosure is generally good at the top of this market: HSBC's funds sit under its Global Shariah Supervisory Committee, the iShares ETFs track MSCI Islamic indices with fund-level oversight, and Wahed and Simply Ethical publish their Shariah advisors. The income and property products (Cur8 Capital, Yielders) carry their own certifications; they also carry more risk and less liquidity than daily-dealing funds, which is exactly why their target returns are higher. Our transparency labels in the table reflect what each provider actually publishes.
Investing is just one of 7 categories. Average score: 63/100.
See yoursInvestment Guides & Tools
Halal Investing Strategies →
Explore 6 proven halal investing strategies. Diversified ETFs, managed portfolios, stock picking, and more.
Halal Portfolio Builder →
See example halal portfolio allocations for your risk level and time horizon, with real fund suggestions.
Halal Transparency Score: How We Score →
Understand how we calculate the Halal Transparency Score, what data we use, and how confidence levels work.
Deeper Reading
How to Invest Halal: The Complete Guide →
Every asset class, every account type, and how to sequence them.
Halal Stocks: Screening Explained →
The business and financial ratio tests behind Shariah stock screening.
Is Crypto Halal? →
Where scholars agree, where they differ, and what that means for you.
Sharia Pensions & SIPPs →
Workplace Sharia funds, halal SIPPs, and tax relief compared.
Browse by Investment Type
Explore Other Categories
Halal vs Haram Investments: General Screening Principles
Islamic investment screening evaluates companies and financial instruments based on Shariah principles. The following are general guidelines; specific criteria and thresholds vary by Shariah board and screening methodology. Always consult with qualified scholars or use a reputable Shariah screening service.
| Criteria | Generally Halal | Generally Not Permissible |
|---|---|---|
| Industry | Technology, healthcare, real estate, manufacturing, halal food | Alcohol, gambling, pork, tobacco, conventional banking/insurance, adult entertainment, weapons |
| Income Source | Revenue from permissible goods and services | Significant revenue from interest (riba), prohibited activities, or excessive speculation |
| Debt Levels | Companies with low interest-bearing debt ratios (thresholds vary by screening standard) | Companies with excessive interest-bearing debt relative to assets or market capitalization |
| Investment Type | Equities (stocks), Sukuk, real estate, commodities, halal ETFs/mutual funds | Conventional bonds, derivatives, options/futures for speculation, interest-bearing instruments |
This table provides general principles only. Different Shariah boards (e.g., AAOIFI, DJIM, S&P Shariah) may apply different financial ratio thresholds and screening methodologies. What qualifies as halal can differ based on the standard used. Consult with qualified Islamic scholars for guidance specific to your investments.
Choosing the Right Halal Investment
What Does Halal Investing Cost?
Managed Portfolios
Wahed charges a tiered wrap fee of 1% a year below 250,000 GBP (0.75% to 1m, 0.5% above), and Simply Ethical's advised portfolios run from 0.75% down to 0.25% by band, both plus underlying fund costs of roughly 0.4 to 0.8%. That is the price of having allocation, rebalancing, and purification handled for you.
A 1% fee means roughly 100 GBP per year per 10,000 GBP invested, before fund costs.
Passive Index and ETF Routes
The iShares Islamic UCITS ETFs charge 0.30 to 0.35% TER with no loads; the Schroder Islamic Global Equity Fund charges 0.55% OCF and HSBC's index fund 0.62% on Hargreaves Lansdown, plus a 1.95 GBP dealing fee per fund trade there. Broker commissions and bid/ask spreads apply to ETFs.
Several UK platforms deal the iShares ETFs commission-free.
Income and Property Funds
Cur8 Capital's GBP fund targets 7.75% a year with fees per deal documentation (typically 2 to 4% upfront); Yielders includes a 2.5% structuring fee in listed prices plus 10% of rental income and 15% of sale profit. Higher targets, higher fees, less liquidity.
Neither is FSCS deposit protected; returns are targets, not guarantees.
Which Approach Is Right for You?
You want the cheapest diversified core
The iShares MSCI World Islamic UCITS ETF at 0.30% TER through any UK broker, ideally inside a Stocks & Shares ISA. Add the USA and EM Islamic ETFs to tilt the mix.
You want monthly investing from small amounts
The HSBC Islamic Global Equity Index Fund or Schroder Islamic Global Equity Fund from 25 GBP a month on mainstream platforms, or Wahed from 50 GBP if you want the whole portfolio managed.
You want everything managed for you
Wahed's halal ISA and GIA portfolios (1% wrap fee below 250,000 GBP) or Simply Ethical's advised portfolios (0.75% down to 0.25%), which add regulated financial advice.
You want to pick your own stocks
Any UK brokerage inside an ISA works with a halal stock screener, no margin, and self-managed purification. Most investors keep this to a satellite position around a screened fund core.
You want halal income
Cur8 Capital's income funds target 7.75% (GBP) and 9.5% (USD) a year from 5,000 minimum, and Yielders pays monthly rental income on property stakes. Both are higher risk than deposits; size accordingly.
You're saving for retirement
Sharia pension funds and SIPPs offer tax relief on contributions. See our dedicated retirement comparison for NEST, Wahed, Penfold, and Simply Ethical options.
Halal Investing by Nation
Platforms and funds are digital and available UK-wide; see what serves your nation
Frequently Asked Questions
Zakat & Islamic Finance Resources
Calculate Zakat on your investments and learn about Islamic finance.
Quick Answer
The best halal investment in the UK depends on your goal. For a low-cost diversified core, the iShares MSCI World Islamic UCITS ETF costs 0.30% a year on the LSE, and the HSBC Islamic Global Equity Index Fund and Schroder Islamic Global Equity Fund offer the same screened exposure from 100 GBP or 25 GBP a month. For fully managed portfolios, Wahed starts at 50 GBP with a 1% wrap fee and Simply Ethical adds regulated advice from 0.75%. Hold everything inside a Stocks & Shares ISA first: the 20,000 GBP annual allowance makes gains and dividends tax-free.
Key Takeaways
- Passive Islamic ETFs cost 0.30 to 0.35% TER; managed halal portfolios cost 0.75 to 1% plus fund costs. Pay for management only if you use it.
- Every major halal option here is ISA-eligible; fill the 20,000 GBP allowance before investing in a taxable account.
- Shariah governance is well disclosed at the top of the market: HSBC's Shariah committee, MSCI Islamic index screening for iShares, named advisors at Wahed and Simply Ethical.
- Minimums start at 25 GBP a month (HSBC and Schroders funds on platforms) or 50 GBP at Wahed.
- Halal income options exist: Cur8 Capital targets 7.75% (GBP) a year and Yielders pays monthly rental income, both higher risk than deposits and not FSCS deposit protected.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-06
How to cite this page
Preferred format:
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Halal Finance Score
Are your investments Shariah-screened? Check all 7 categories.
Average score: 63/100
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.