Investing £20k

Popz

Hi guys

I have around £20k that i would like to invest for some long term growth. Happy to take some risk.

Interested in funds but proving a bit challenging to find anything suitable. As a Muslim I have to avoid anything related to banks, alcohol, tobacco, interest etc

Most of the top funds seem to have elements of the above so are not suitable.

Any ideas please?

Thanks

AndyT678

There are specialist Islamic funds which should be compliant with your restrictions.

Here are some.

http://tools.morningstar.co.uk/uk/fundscreener/results.aspx?LanguageId=en-GB&Universe=FOGBR%24%24ALL&Category=EUCA000840&CurrencyId=GBP&URLKey=t92wz0sj7c

Popz

Thanks Andy

Performance on them hasn't been great but i suppose given the restrictions its what i can expect.

jimjames

Popz wrote: »

Thanks Andy

Performance on them hasn't been great but i suppose given the restrictions its what i can expect.

Depends what's more important, getting a good return or meeting restrictions.

There are also ethical funds that may meet your requirements too.

kidmugsy

Popz wrote: »

I have to avoid anything related to banks, alcohol, tobacco, interest etc

But every company in the world, near enough, uses banks, and takes on debt that pays interest. Probably nearly every one serves alcohol at social occasions too. If you take the narrowest definition of your taboos, wouldn't they rule out investing at all?