Karen Shackleton, Founder of Pensions for Purpose, was quoted in Pensions Expert explaining how "many UK pension funds and providers have only a limited understanding of sharia investing and Islamic finance".

Karen has called for industry bodies to clarify sharia investing within pensions so providers can help more people save for later life.

Karen went on to say: “The level of understanding of the specific investment constraints which drive approved sharia investing has until recently been relatively limited for many UK pension funds. This is changing and there is a growing recognition that funds need to offer more solutions for multi-faith members, as part of an inclusive society".

“We need experts and industry bodies to educate, to provide clarification of the rules and regulations associated with sharia investing, and to engage in informed discussion around topics such as Tayyib investing. This will help pension funds extend their fund offering, and importantly, should result in greater uptake of company pension funds, by employees of different faiths”. 

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