5.21%
5.00%
4.95%Each payment buys a little more from the bank, so the rent falls.
5-year fix, 80% finance: 6.01%
- Cash and savings£12,000
- Shares and funds that count£5,000
- Less debts due now−£500
- Zakat at 2.5%£412.50
- ✓In writing
- ✓Signed by you
- ✓Two witnesses present together
- ✓Witnesses don’t inherit under it
Al Rayan Bank, 12 months 5.21%BLME, 12 months 5.00%QIB UK, via Raisin, 12 months 4.95%BLME, 2 years 4.90%
Kuwait Finance House, via Raisin, 12 months 4.86%Al Rayan Bank, via Raisin, 12 months 4.85%BLME, 18 months 4.80%QIB UK, via Raisin, 2 years 4.75%BLME, 90 days 4.58%Al Rayan Bank, 3 years 4.55%BLME, 3 years 4.55%Al Rayan Bank, via Raisin, 3 years 4.55%Savings, home plans, investing, pensions, zakat, wills, current accounts, car finance and tax. Everything UK money, explained in plain English.
Questions people ask
Five things people get wrong about halal money
A one-minute read. You may win an argument at Eid.
A Cash ISA is halal, because it’s an ISA.
In fact: An ISA is only a tax wrapper. What’s inside it decides.
The Cash ISA guide →2An expected profit rate is guaranteed.
In fact: Not in the way interest is. Banks aim to pay it, and “expected” is doing real work in that sentence.
What “expected” means →3If my pension isn’t halal, I should opt out.
In fact: Not first. You could lose your employer’s money, and many schemes offer a shariah fund you can move to.
Change the fund, not the scheme →4Zakat is 2.5% of everything I own.
In fact: It’s commonly 2.5% of your qualifying wealth, once it has stayed at or above the nisab for a lunar year. Your home and car don’t count.
The sum, and the arguments →5My family will sort it out the Islamic way, no will needed.
In fact: In England and Wales the intestacy rules decide, and they take no account of Islamic shares.
Why a will matters →Latest news and articles
All news →All articles →
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