Islamic Retirement & Pension in Birmingham, England

The UK's first full Shariah lifestyle glidepath from a mainstream insurer: launched November 2024 and available to members in any Aviva workplace pension. Instead of the single-fund approach that leaves older savers 100% in equities, the strategy moves members through Shariah Long Term Growth, Growth and Consolidation phases - de-risking begins 14 years before retirement - using three self-selectable funds built on HSBC's Islamic range: Aviva Pension HSBC Islamic Global Equity Index, Aviva Pension HSBC Shariah Multi Asset and Aviva Pension HSBC Global Sukuk Index. Offers universal and target-drawdown glidepaths plus single and phased drawdown at retirement, managed through the MyAviva portal. Charges follow each employer's scheme terms.

The Shariah-compliant fund choice inside NEST, the government-established auto-enrolment master trust that is the UK's largest pension scheme by membership. Any NEST member can switch their whole pot into the Sharia Fund online at no charge. Since 1 November 2024 it allocates 70% to global Shariah-compliant equities and 30% to sukuk - both managed through HSBC vehicles (the Islamic Global Equity Index strategy and the HSBC Global Sukuk UCITS ETF) - a diversification NEST projects will cut fund volatility from about 14% to 10.9% annualised. Charges are NEST's standard 1.8% on each contribution plus 0.3% annual management charge, with no extra cost for the Sharia option. The fund delivered a 15.7% five-year annualised return to late 2024 during its 100% equity era, the best of any NEST fund.

A digital personal pension plan (also available through Penfold's workplace scheme) that invests entirely in the HSBC Islamic Global Equity Index Fund, from Penfold Savings Limited (FCA 826097), the app-first pension provider. One simple all-in fee: 0.88% a year on savings under GBP 100,000, 0.53% on the portion above. The plan sits at risk level 5 of 7 - a 100% equity allocation suited to savers far from retirement - with contributions flexible from any amount, automatic basic-rate tax relief, pension transfers in via the app, and a find-my-pension consolidation service. Purification is handled at fund level: up to 5% non-compliant income tolerance with cleansing donations to charities chosen by the Sharia board.

Sharia-compliant personal pension using the same seven risk-graded model portfolios as Simply Ethical's online advice service, inside a SIPP with up to 45% tax relief on contributions, tax-free growth and 25% tax-free access from age 55 (57 from April 2028). The service includes a pensions consolidation review: an adviser examines existing workplace and personal pensions and, where suitable, consolidates them into one discretionary-managed halal strategy. Same tiered fees (0.75% first GBP 50,999 down to 0.25% over GBP 1m) with no set-up, transfer or exit charges, and underlying fund costs around 0.37-0.39%. Minimum GBP 1,000 through the online route; GBP 100,000+ investors are directed to comprehensive personal advice.

The longest-running Shariah option on a mainstream UK pension platform: launched 17 May 2005, this Standard Life pension fund (fund code JB) invests primarily in the HSBC Islamic Global Equity Index Fund, giving members of Standard Life workplace and individual pension products a one-fund halal choice with GBP 742.9 million in Standard Life fund assets (31 March 2026). The fund carries a volatility rating of 6 on Standard Life's 0-7 scale, reflecting its 100% global equity exposure tracking the S&P Global 1200 Shariah Select universe per the current factsheet objective wording, with the fund excluding banned weapons and companies deriving over 5% of revenue from alcohol, tobacco, pork, conventional financial services and similar activities. Charges depend on the member's Standard Life product and scheme terms.

Wahed Invest UK

Wahed Personal Pension (SIPP)

A Self-Invested Personal Pension invested in Wahed's Shariah-compliant managed portfolios, operated and administered by WealthKernel Limited with Wahed providing the portfolios and app experience. Contributions get basic-rate tax relief claimed automatically from HMRC (higher and additional rate via self-assessment), employer contributions are accepted, and partial or full transfers in from other registered schemes are supported (defined benefit transfers with safeguarded benefits are declined). Benefits accessible from age 55 (57 from April 2028) with up to 25% tax-free and Flexi-Access Drawdown available. An additional GBP 2.50 per month SIPP maintenance fee applies on top of Wahed's tiered wrap fee.