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Shariah-compliant funds in the UK: the verified list
Every Shariah-compliant fund and ETF we could verify for UK investors — with ISINs, screening methods, governance and platform evidence. And what we couldn't verify, flagged. Because the universe is smaller than most people think, and that is exactly why it can be verified properly.
How many Shariah-compliant funds are there in the UK?
Fewer than the marketing suggests. Our November 2026 verification reached 20 distinct retail-relevant strategies, verified or partly verified — around 14 ETFs plus a similar number of active funds — and up to 29 once the remaining candidates confirm as UK-available. Claims of "around 100" only work by counting Shariah savings accounts, model portfolios, pension mirrors of the same strategies, and offshore institutional classes. For a client conversation, the honest number is: a couple of dozen genuine choices.
The verified equity funds and ETFs
A sample of the list — the full table is in the Field Guide:
| Fund / ETF | Provider | Example ISIN | Cost |
|---|---|---|---|
| HSBC Islamic Global Equity Index | HSBC AM | LU2092165666 | ~0.62% OCF |
| iShares MSCI World Islamic | BlackRock | IE00B27YCN58 | 0.30% TER |
| Schroder Islamic Global Equity | Schroders | GB00BF780Y53 | ~0.55% OCF |
| Wahed S&P 500 Shariah (SPWI) | Wahed / Waystone | IE000QF8TEK7 | 0.49% TER |
The list continues across index and active options — EM, Europe, Japan, ACWI, sukuk, multi-asset and property — each with screening method, governance and platform evidence.
Free · Working edition
The full verified list lives in the Field Guide
Every verified vehicle with ISINs, TERs, screening methods, Shariah governance, platform evidence and the 10-point pre-recommendation checklist — dated November 2026.
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Which platforms hold them?
Evidence from platform pages and provider factsheets (1 Nov 2026): Platform evidence exists across AJ Bell, HL, Fidelity and the major insurer and wrap platforms — the per-class detail sits in the Field Guide. Two checks before any recommendation: the platform carries the exact share class, and the platform's cash-interest treatment matches the client's preference.
Screening methods: why "compliant" isn't one thing
AAOIFI thresholds, MSCI Islamic index rules and Dow Jones Islamic index rules differ on debt ratios, income tolerance and purification. A fund that passes one method can fail another — so the first question for any Shariah fund is which method, and who signed it off. Where a named board is published, file it with its date; where retail documents only say "Shariah committee", flag it.
Frequently asked questions
How many Shariah-compliant funds are available to UK investors?
20 distinct retail-relevant strategies were verified or partly verified as of November 2026 — up to 29 once the remaining platform checks confirm. Claims of around 100 usually include savings accounts, model portfolios, pension mirrors and offshore institutional classes.
Which UK platforms offer Shariah-compliant funds?
The major funds and ETFs are held across HL, AJ Bell, Fidelity and most insurer/wrap platforms (Aviva, Royal London, Standard Life, Zurich, Aegon). Availability is share-class and wrapper specific and changes — the dating on this list exists for that reason.
What is the largest Shariah-compliant fund in the UK?
HSBC's Islamic Global Equity Index fund family is the largest by assets, with global AUM in the billions. Size is not an assurance of methodology — check the screening method, governance and data date.
Can Shariah-compliant funds go in an ISA or SIPP?
Yes on the major platforms, subject to the exact share class; several ETFs publish ISA/SIPP eligibility explicitly. Confirm class and wrapper on the platform before recommending.