Shariah Junior ISA - Islamic Investments For Children

Shariah Junior ISA - Shariah Compliant Junior ISA Account where your funds are managed by Scottish Widows Investment Partnership


	Shariah Junior ISA

Shariah Junior ISA
Our Shariah Compliant Junior ISA aims to provide investors with an opportunity for investment in a professionally managed investment fund in order to achieve growth in line with Islamic Investment Guidelines.

Your investment will be well looked after by Scottish Widows Investment Partnership who are one of the most well known asset managers in the UK so you know your money is in safe hands.


	*Shariah Junior ISA Features:*
	Open an account online from just £10 per month Invest inline with the Islamic Investment Guidelines The Account can be managed by the child when they reach 16 and they can only have access to the funds when they reach 18 Low annual management charge of just 1.6% Maximum annual investment allowance of £3600 per tax year All funds are safely locked away until the child reaches adulthood.

Can’t Decide Which Junior ISA Fund To Choose From?

Don’t worry!!

During the online application you can choose more than one fund for your investment.

For example, you can allocate 50% of your investment in the Sharia fund whilst having 25% in both the actively managed and ethical funds should you wish.

How much you decide for each fund is entirely up to you and once the account is open you can easily change your fund choices and allocations free of charge.

Our Shariah Junior ISA invests in the Global Islamic Equity Fund and is professionally managed by Scottish Widows Investment Partnership who are one of Europe’s largest asset management companies and are part of the Lloyds banking group.

This Junior ISA will appeal to an investor who is looking to achieve returns inline with the Islamic Investment Guidlines. This investment is adventurous in nature and invests in accordance with advice from the Shariah advisory board.

Detailed product information - PDF
Key Features Document - PDF




		Here are a few of our most commonly asked questions regarding our Sharia Junior ISA: *Can Grandparents open an account for their grandchild?* Only if the grandparent has full legal parental responsibility for the child. Only a parent or Guardian of the child is permitted to open a Junior ISA Account on behalf of the Child. Once the Junior ISA Account is active, anyone including grandparents can contribute towards the account. *Is your Sharia Fund only available to Muslims?* Our Sharia Junior ISA fund is available to everyone and not just Muslims. Many Muslims prefer to invest inline with the Islamic Investment Guidelines and we offer this fund as it also complies with Sharia law but it is not an exclusive fund and anyone can invest in it no matter what their nationality is. *What if the Child already has a Child Trust Fund (CTF)?* If the Child already holds a Child Trust Fund then they are not eligible for a Junior ISA. *Can I Transfer My Child’s Trust Fund To A Junior ISA Account?* At the moment, you cannot transfer a Child Trust fund to a Junior ISA. We are helping all we can to change this rule, please visit our Transfer my Child Trust Fund To a Junior ISA page for further details which also contains a link to the online petition on the HM Government website.