Tel: 01254 222 700
Email: info@redroseassurance.co.uk
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01254 222 700
info@redroseassurance.co.uk
Our Shariah ISA gives you a way to invest, compliant with your Shariah beliefs.
Example based on an initial investment of £10,000 on 1st January 2020:
Please note: This is a risk investment. Past performance is no guide to future returns. You could get back less than you invested.
Pay in regularly using direct debit with a minimum of just £25pm
Change the amount or stop paying at any time
Pay in occasional lump sums via BACS or cheque
There is no fixed term of years (although you should consider it a medium to long term investment, typically 5 years or more)
Transfer ISAs from other providers to us
Transfer our ISA to another provider
Invest in our Shariah ISA in addition to your Cash ISA each year
You can make withdrawals at any time, although this will obviously affect the total return
Our ISA provides a tax free return when you cash in, transfer to another provider, or on your death
An investment fund which meets all of the requirements of Shariah law and the principles of Islamic Finance. The Fund will only invest in Shariah-compliant companies and approved financial instruments.
The Fund is overseen by an independent Shariah Committee that is responsible for:
Agreeing the investment objectives and policies
Advising the fund managers regarding compliance with Shariah principles
Establishing the principles for calculating an appropriate percentage of ‘non Halal’ income and approving suitable charities to receive it
The Fund is managed by a specialist team at HSBC. The HSBC Islamic Global Equity Index Fund invests in diverse areas including Technology, Health Care, Consumer Goods, Industrials, Oil and Gas, Consumer Services and Basic Materials.
The Fund does not include companies in the following sectors: Weapons and Defence, Pork related products, Tobacco, Alcohol, Financial Services or Entertainment sectors.
You will find more information about the ISA in the Key Information Documents and Key Features Document. Below are some important points that we want you to be aware of:
Our Shariah ISA is fully Shariah Law compliant and designed for the medium to long term (5 years or more). You can invest as little as £25 per month by direct debit and it also offers the flexibility to contribute lump sums at any time up to the annual ISA limit.