Britain’s National Employment Savings Trust to offer Shariah global equity fund
On January 21, 2011 · In Britain, Islamic Equity Funds, Islamic Finance, Shariah Finance, United Kingdom
NEST is seeking to include a passive or actively managed Sharia compliant global equity investment option as part of its optional suite of investment funds in order to fully provide for the needs of scheme members.
Sounds like some gullible future pensioners could get suckered into the idea that adding a sharia fund to their portfolio would help them “diversify” their retirement savings. They’ll probably be told that sharia is a “safe,” “conservative,” investment that will help retirees earn income & preserve wealth just like salesmen tell old people in America about annuities. Sigh.
So glad to see SFW up & running again!
Very valid observation, especially given that key financial Jihadists in the West, including Sheikh DeLorenzo, have called for marketing Shariah Compliant Finance to non-Muslims and have even urged making up euphemisms such as “ethical investing” to replace references to Shariah in disclosure statements.