View more on these topics

Pointon York launches Sharia compliant Sipp range

Pointon York has launched a range of Sharia compliant Sipp products in response to demand from Muslim clients for suitable investment vehicles.

The Sipp specialist will make Sharia compliant investments available through four products: the e-Sipp, the single investment Sipp, the individual Sipp and the corporate Sipp.

Pointon York says it is the first provider to receive Sharia compliant accreditation by the Islamic Bank of Britain for its full range of Sipps.

Managing director Jo French says: “The launch of our Sharia compliant Sipps is significant for IFAs with Muslim clients. It will finally allow them to include pensions into their retirement planning service without the concern that it may compromise the clients’ beliefs.

“This is the first time UK IFAs will have access to Sipps accredited by the Islamic Bank of Britain.”

The IBB will monitor the Sipps to ensure they do not invest in non-compliant markets such as pornography, gambling and tobacco.

IBB commercial director Sultan Choudhury says: “British Muslims in particular have had very limited choices of Sharia compliant product to invest within their pensions.

“Retirement planning has therefore been neglected because, amongst other reasons, the specific needs of Muslims have not been addressed.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com