Shariah investment with hsbc

Bonez14

I am looking for how to invest in shariah compliant portofolio with hsbc. I have read some articles on http://www.merlynwealthmanagement.co.uk/ and https://uk.wahedinvest.com and aviva. I have some in both. I cannot seem to find any other ones and was wondering how to use hsbc GIC or sharedealing acc to place in same funds these companies use.

The ones they use are


Wahed:

iShares MSCI World Islamic ETF Dist (USD)

iShares MSCI EM Islamic ETF Dist (USD)

HSBC Islamic Global Equity Index IC

Tammasset:

Franklin Templeton Global Sukuk W Q

Comgest Growth Europe S Acc USD

iShares MSCI Emerging Islmc UCITS ETF USD

iShares MSCI USA Islamic UCITS ETF U

iShares MSCI World Islamic UCITS ETF U

Wisdomtree Physical Gold GBP

Wisdomtree Physical Silver GBP

Aviva discontinued:
Hsbc ammanah

masonic

The ETFs can be accessed using a sharedealing account. They trade on the London Stock Exchange and you'll find their ticker codes on the iShares website. There are a couple of investment funds in there as well, those are subject to availability and HSBC might not make them available to its customers. Presumably any physical gold or silver ETF would be acceptable if you really want to invest in those metals.

Bonez14

Thanks. I havn't done this by myself before.

What would be best way to distribute funds ?

Is there minmum i should always purchase to offset fees?

Hsbc has 2 diiferent sharedealings. Uk and global or something
Which one should i open?

masonic

I can't advise you on what to invest in, and I'm not familiar enough with the funds to say much in general terms, but I'd speculate that there is quite a lot of overlap in those funds and you certainly wouldn't need to hold them all. You should really understand what you are investing in before you take the plunge.

HSBC is not the cheapest for transaction charges - about a tenner per trade I believe, so you'd want to avoid placing lots of small trades.

You should double check the ETFs you want to hold are definitely listed in the UK, in which case you would only need a UK sharedealing account to hold them.

Mr.Saver

https://www.hsbc.co.uk/investments/products-and-services/global-investment-centre/

What funds are available?

You can choose from nearly 400 open-ended investment companies (OEICs) and unit trust funds, including a wide range of index trackers. We offer funds from 21 other leading fund managers, as well as HSBC funds.
After you’ve opened an account, you can use our research tools to find funds to match your financial goals.
For an overview of the full list of funds available:

They have only OEICs and UTs, not ETFs.



The other one: https://www.hsbc.co.uk/investments/products-and-services/invest-direct/

Simple and clear fees

You pay a quarterly account fee of £10.50 which covers the costs of us running your account and administering your investments.
We’ll charge you a fixed fee for each trade – online trading in UK shares is £10.50, or as low as £7.95 for frequent traders.
Please note, other fees such as UK Stamp Duty Reserve Tax and a PTM Levy may apply.
To read more about our rates and fees, along with the key features of an InvestDirect account and our terms and conditions, click ‘Open a sharedealing account’ below.

10 per trade, too expensive.

Alistair31

What would happen if one were to invest in a non-Shariah fund ?

Mr.Saver

Alistair31 wrote: »

What would happen if one were to invest in a non-Shariah fund ?

What would happen if a vegetarian were to eat a bite of beef?

Nothing. But the belief matters.

Bonez14

Mr.Saver wrote: »

https://www.hsbc.co.uk/investments/products-and-services/global-investment-centre/

They have only OEICs and UTs, not ETFs.



The other one: https://www.hsbc.co.uk/investments/products-and-services/invest-direct/



10 per trade, too expensive.

How did you check what is available. I can't seem to find any links

msnau

Comparing 'HSBC Islamic Global Equity Index Fund' verses 'iShares MSCI World Islamic UCITS ETF USD (Dist) (GBP)' via Morningstar, HSBC looks to be better as it closely matches the benchmark whereas the iShares fund is lagging quite a bit behind the benchmark.

Conversely, charges (OCF) for iShares is 0.6%, compared to 0.92% for HSBC.

https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000AAUD

https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR055UP

msnau

Cant seem to find the HSBC fund in Interactive Investor