UK - IFAs set to offer a pioneering Sharia compliant investment service to clients

A new potential revenue stream for independent financial advisers (IFAs) has been created with the availability of a Discretionary Portfolio Service (DPS) accredited by Islamic Bank of Britain (IBB) as Sharia compliant. The DPS is a service that provides a range of investment portfolios comprising Sharia compliant assets. The DPS allows IFAs to tap into a large pool of customers looking to maximise their wealth with Sharia compliant and ethical returns.  (full story)

UK - Islamic IFA calls for overhaul of UK banks

The UK banking system needs a "paradigm shift" to tackle unhelpful regulations and vested interests, an Islamic financial adviser has claimed.

Tarek El Diwany, adviser for London-based Zest Advisory LLP, said getting Islamic finance to become more mainstream needs a significant change to take place in the industry.