Four platforms cover most UK halal investors well. Each has a different price point and level of automation.
Wahed Invest
- Dedicated halal platform — every investment is pre-screened
- Stocks and Shares ISA available
- Minimum investment: £1
- Annual fee: approximately 0.79-0.99% depending on portfolio size
- Best for: beginners who want zero research burden, small monthly amounts
InvestEngine
- Mainstream platform — you select halal ETFs yourself (ISWD, HIWO, HIUS are all available)
- Stocks and Shares ISA available
- Platform fee: zero (ETF fund charges still apply)
- Best for: cost-conscious investors who are comfortable selecting their own ETFs
Hargreaves Lansdown
- UK's largest investment platform, not halal-specific
- Full access to ISWD, HIWO, HIUS, and individual screened stocks
- ISA fee: 0.45% per year (capped at £45/year for ETFs)
- Best for: investors who want the widest choice and strong customer service
Interactive Brokers
- Lowest trading costs for larger portfolios
- Full access to halal ETFs including US-listed Shariah funds
- Monthly inactivity fee applies to smaller accounts
- Best for: experienced investors with £10,000+ who want minimal fees on larger trades
A real example
Ahmed starts with £100 per month. He uses Wahed Invest because it is dedicated to halal investing, has no minimum, offers an ISA, and he does not need to verify Shariah compliance himself. Fatima has £30,000 to invest. She uses InvestEngine — zero platform fee, direct access to ISWD and HIWO, and an ISA. Over 20 years, the fee saving on InvestEngine versus a 0.45% platform fee amounts to thousands of pounds.
One thing is non-negotiable regardless of platform: always verify that your chosen platform is FCA-regulated. Check the FCA register at register.fca.org.uk before opening any account.