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Sharia pension plan

Invest in line with your faith without sacrificing pension pot growth with our Sharia pension plan.

Sharia pension fund plan selection and which industries money is invested screens

A pension aligned with your faith

Muslims represent a quarter of the world’s population, yet less than 1% of global financial assets are Sharia-compliant.

By selecting the Sharia plan, your pension contributions are invested in a wide range of funds and companies that operate in a Sharia-compliant manner.

The Sharia plan has one simple all-in fee. You'll only pay an annual fee of 0.88% for savings under £100,000, or 0.53% for any amount over £100,000.

A woman wearing a headscarf looking at a laptop

How is the fund Sharia-compliant?

Each fund within the Sharia plan has its own elected board who monitor the fund, its investments and the managing directors to ensure that they're being Sharia-compliant the whole time.

All major decisions have to be approved by the board. The board creates an annual Sharia certificate, to evaluate how the fund has adhered with Sharia principles, to prove that it is fit as a Sharia-compliant fund.

Standard pension fund plan performance and risk level screens

Where is the fund invested?

The Sharia plan invests solely in company stocks. This means that there is a higher growth potential over the long term, however there may be larger ups and downs along the way.

The plan invests in companies around the world, with 77% based in North America, 9% in Asia Pacific, 7% in Europe, 3% in the UK, and the other 3% elsewhere.*

The plan invests across a wide range of industries, including 44% in Technology companies, 18% in Consumer Discretionary and 15% in Healthcare. Less than 6% of the fund is invested in Materials and Energy and less than 1% in Finance.*

Figures correct as of March 2022.

HSBC Islamic Global Equity Index Fund logo

In collaboration with HSBC

We're proud to collaborate with one of the world's largest asset managers, HSBC, for customers looking to invest their savings in line with Islamic principles on finance.

The plan invests in the HSBC Islamic Global Equity Index Fund and is a great option for those that are looking for a socially responsible way to invest their money under Sharia law.

As the plan sits on level 5 out of 7 on the risk and potential reward scale it means that the fund is also great option for those who are a long way from retirement, looking for strong, long-term growth and don’t mind ups and downs in value each year.

Pension investments in various companies and AGM vote results

Have your say

The entirety of the Sharia plan is made up of stocks, which may include a small stake in companies like Apple, Microsoft, or Google. Most pension providers don't let you see which companies you're invested in.

Our view is that it's your money, you should know where it is. That's why our Explore Your Pension feature gives you complete visibility into your investments - including a breakdown of the individual companies you have a stake in.

Explore Your Pension also provides a platform for voting at issues raised at company AGMs. You can also see your vote history, how the majority of Penfold savers voted, and the vote result. Even better, it's completely anonymous.

FAQs

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