Save for your future in a Shariah compliant ISA
Our ISA gives you the option to open a Shariah Stocks and Shares ISA, and/or a Shariah Lifetime ISA, while meeting your financial goals with your beliefs. Investing carries risk.
Simple, affordable, Islamic investing and exclusive member benefits
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Straightforward, affordable, Islamic investing with financial guidance
What is a Foresters Shariah ISA?
Two Shariah compliant ISAs in one
The Foresters Shariah ISA is the only ISA on the market where you can have a Stocks and Shares ISA and/or a Lifetime ISA in one Plan. You need to be 18 or over and a UK resident to open and be under 40 for the Shariah Lifetime ISA.
Investing in what you believe in
The Shariah ISA aims to grow the investment over the medium to long-term by investing in a Shariah compliant portfolio of shares from around the world. A Shariah Supervisory Board and Shariah Adviser have been appointed to ensure all investments in the fund meet Shariah Investment Guidelines. Your investment will be looked after by the experts at Schroders who make the investment decisions on your behalf.
Save up to £20,000 each year
Make monthly and/or single contributions from as little as £20, giving you flexibility to save as and when you can. The ISA limit is £20,000 and you can save up to £4,000 of this in the Shariah Lifetime ISA.
Become a Foresters member
When you open a Shariah ISA with us you become a member, and will have access to a range of exclusive benefits – at no cost to you. Such as volunteer grants, member discounts and a well-being app – just to name a few! Take a look at the member benefits >
Member benefits are not regulated by the Prudential Regulation Authority or the Financial Conduct Authority and may change in the future.
Shariah Stocks and Shares ISA
If you are 18 or over and want to save tax-efficiently our Shariah Stocks and Shares ISA allows you to save up to £20,000 each tax year, in a Shariah compliant fund.
The Shariah Stocks and Shares ISA element could be the best way for you to meet your savings goal with contributions starting from £20. Invest your way to build a lump sum for your future goals.
Is a Shariah Stocks and Shares ISA right for me?
✓ Want to save for your future (5+ years)
✓ Looking for low minimum contributions
✓ One, simple annual management charge
✓ UK resident, aged 18 or over
✓ Access to money when needed
✓ Invests under Islamic guidance
Shariah Lifetime ISA
Want to save towards a first home or later on in life? Our Shariah Lifetime ISA is available to anyone aged between 18 and 39. You can save up to £4,000 each year, with a Government bonus of 25% added to your contributions (up to an extra £1,000 each year).
The Shariah Lifetime ISA can be used to save towards your first home in the UK up to £450,000, and/or to save up to age 50 with access after age 60.
Is a Shariah Lifetime ISA right for me?
✓ Want to save towards your first home and/or for age 60
✓ Want an added 25% government bonus
✓ Looking for low minimum contributions
✓ One, simple annual management charge
✓ Invests under Islamic guidance
✓ UK resident, aged 18-39
With an ISA tax treatment depends on individual circumstances and may be subject to change. As with all stock market investments the value of your ISA can fall as well as rise.
A Lifetime ISA must be held for at least 12 months before using it towards the purchase of a first home. By saving into a Lifetime ISA instead of a workplace pension, you could lose the benefit of employer contributions and the value could affect any entitlement to means tested benefits.
If you make a withdrawal from the Lifetime ISA before age 60, other than to purchase your first home, you will pay a government penalty of 25% on the withdrawal amount, and you may get back less than you paid in.
A Lifetime ISA must be held for at least 12 months before using it towards the purchase of a first home. By saving into a Lifetime ISA instead of a workplace pension, you could lose the benefit of employer contributions and the value could affect any entitlement to means tested benefits.
If you make a withdrawal from the Lifetime ISA before age 60, other than to purchase your first home, you will pay a government penalty of 25% on the withdrawal amount, and you may get back less than you paid in.
Shariah compliant investment choice
The Foresters (Schroders) Managed Islamic Global Fund invests in the Schroder Islamic Global Equity Fund. Aiming to grow your investment over the medium to long-term with a medium investment risk.
- This fund invests in a Shariah compliant portfolio of shares from around the world.
- The fund will only invest in companies included in the Dow Jones Islamic Market World (Net Total Return) Index.
- A Shariah Supervisory Board and Shariah Adviser have been appointed to ensure all investments in the fund meet Shariah Investment Guidelines.
Learn more about the Shariah fund
Shariah ISA Important information Shariah KID
The fund may not invest in companies where more than 5% of their total income is made from prohibited activities or industries, such as below...
Alcohol and tobacco
Entertainment inc. Hotels/gambling
Pork-related products
Non-Islamic financial services
Weapons and defence
For more information about how the fund is invested read the Shariah Important Information and Key Information Document.
Want to save with a choice of funds?
We offer an ISA that also has a choice of funds, with one of these having a specific focus on sustainability.
Manage your savings with MyPlans
View the ISA value, make contributions, view fund performance, documents, and so much more.
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Description of member benefits that you may receive assumes you are a Foresters member. Members must be 18 years of age or older and must have an active Foresters Plan and maintain it in good standing. Foresters member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice. Member benefits are not regulated by the Prudential Regulation Authority or the Financial Conduct Authority and may change in the future.
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