If you are old enough to remember the show, you should have some money saved up by now. Hopefully, you're well into your saving and investing days, but everyone is at different stages. Don’t be discouraged: most people in the UK have very little saved.
We got the above from Raisin, that platform where we find savings accounts, including some that are Shariah-compliant. If you haven’t started saving (and investing), our next coaching cohort starts in the next few weeks!
Anyway, onto the stuff you're here for:
Islamic Investing Updates
iShares introducing dividend purification on (all/some?) of their Islamic funds
Did you see this? Some of the iShares Islamic funds are going to start doing purification from January 2026… Phew, that makes life easier. Now, if only they were accumulation, we could have some serious competition for the HSBC funds.
Though if you have automatic dividend investing, what’s the difference anyway?
Qardus giving up its FCA regulation:
Not the best news. It always makes me more comfortable when a firm is regulated by the FCA, even if it’s just as an Appointed Representative and not directly authorised. I suspect the costs involved with regulation, and the general hassle that comes with it, have pushed Qardus to drop it.
I believe this will mean “normal” investors won’t be able to invest using Qardus going forward. Maybe it won’t be missed by most, I still don’t think many people were actively using the platform. Having said that, I haven’t checked on my investments on Qardus in a while… probably time to log in and see how they’re doing (update next time!).
FSCS limits up!
Provided with no comment.
Bayuti says some of their properties are now fully funded...
Provided with no comment.
Rates down at Gatehouse Bank
I am being punished for taking easy-access accounts on money I don’t need for 6 months… That’s what happens when you don’t practise what you preach.
Looks like nester may be raising a round of investment!
Still a bit early, not much detail yet other than it’s only open to Certified High Net Worth Individuals…
Whats new at nisba!
KWIN Video
We did a video on the Everyday Shariah Account (KWIN Wahed fund). I’ve been told the video is hard to follow. Good luck!
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Salam my friends, thanks for reading
Ahmad, Adel & the nisba team.
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