Halal Savings Accounts - Fixed TermA comparison of sharia-compliant savings account with fixed terms. This means that the money must stay in the account for the length of time given in the product name. For example, in the "Al Rayan Fixed 1 Year" account, your money is locked in for 1 year with no option to take out the money until the end of the fixed term.
|Name||Expected profit rate||Minimum deposit||Website|
|Al Rayan Fixed 2 Year||2.40%||£1,000||Al Rayan|
|BLME Fixed 2 Year||2.40%||£1,000||BLME|
|Gatehouse Fixed 2 Year||2.3%||£1,000||Gatehouse Bank|
|BLME Fixed 1 Year||2.2%||£1,000||BLME|
|Al Rayan Fixed 1 Year||2.15%||£1,000||Al Rayan|
|Gatehouse Fixed 1 Year||2%||£1,000||Gatehouse Bank|
|UBL Fixed 1 Year||0.60%||£2,000||UBL|
|UBL Fixed 6 Months||0.15%||£2,000||UBL|
Halal Savings Accounts - Notice AccountsThese accounts are less rigid than the fixed term accounts. You still have to lock your money away, but you can withdraw if you give an agreed number of days' notice. You get less return, but if you want quicker access to your cash than a fixed term account, you should consider these.
|Name||Expect Profit Rate||Minimum Investment||Notice Period||Website|
|Gatehouse 120 Day Notice||1.87%||£1,000||120 days||Gatehouse Bank|
|Gatehouse 95 Day Notice||1.85%||£1,000||95 days||Gatehouse Bank|
|Al Rayan 90 Day Notice||1.5%||£250||90 days||Al Rayan|
|Gatehouse 60 Day Notice||1.4%||£1,000||60 days||Gatehouse Bank|
|Gatehouse 31 Day Notice||1.3%||£1,000||31 days||Gatehouse Bank|
|Al Rayan 60 Day Notice||1%||£250||60 days||Al Rayan|
|UBL 90 Day Notice||1.00%||£2,000||90 days||UBL|
Sharia-Compliant Property CrowdfundingA list of halal property crowdfunding platforms. These platforms offer hands-off investing in property.
|Name||Average annual rental yield||Set-up Fee||Management Fee||Exit Fee||Buy-To-Let Options||Buy-To-Sell Options||FCA-Authorised?||Website|
|Yielders||5-7%||2.5%||10%||15% of net profit||✓||X||✓ (Direct)||Yielders*|
|Igloo Crowd||6-7%||5%||10%||15% of net profit||✓||✓||✓ (Appointed Representative)||Igloo Crowd|