L&G Islamic investments: A dynamic investment option that aligns to Shariah principles
What is Islamic investing?
An approach that aims to grow your money while only making investments that comply with the principles of the Islamic faith and Shariah Law. For example, investments in alcohol, pork products and interest-bearing securities will be avoided.
How does it work?
The L&G Islamic Lifestyle Profile
A ready-made lifestyle solution which automatically changes how your pension is invested as you approach retirement.
This helps to provide peace of mind knowing that your savings are invested in line with Shariah principles, and that you don’t have to consider actively changing your funds.
This lifestyle profile invests in underlying funds that are managed by HSBC. Legal & General will adjust the allocation of assets in preparation for your retirement, depending on how far you are from your selected retirement age.
Find out more information about the L&G Islamic Lifestyle Profile.
It's important to note that the value of investments can go down as well as up and you may get back less than you paid in.
We’d recommend seeking financial advice before you make any changes.
Please note HSBC are responsible for interpretations of Islamic law and ensuring the underlying external funds follow Shariah principles. HSBC have a Shariah Committee, consisting of Islamic scholars, who oversee this and provide regular certification. Legal & General do not make any claims of compliance with Shariah principles beyond those made by HSBC.
Shariah investing typically means you’ve a smaller basket of investments available compared to other funds. To ensure you’re comfortable with this approach and any associated risks, please refer to the fund factsheets.
Lifestyles
The Lifestyle invests in two funds:
Click on the links to find out more about the objectives, risk factors and underlying funds.
Please note that underlying funds and their allocations are chosen by Legal & General and are subject to change. Legal & General will only replace them with other Shariah compliant funds.
Self-select Islamic investment funds
If you prefer to choose your own investments, we’re also providing access to three Shariah-compliant investment funds.
L&G PMC HSBC Islamic Global Equity Index Fund 3
L&G PMC HSBC Shariah Multi-Asset Fund 3
L&G PMC HSBC Sukuk Index Fund 3
Click on the links to find out more about the objectives, risk factors and underlying funds.
If you’d like to make your own investment choices, make sure you have the time and knowledge to manage your investments.
It's important to note that the value of investments can go down as well as up and you may get back less than you paid in.
We’d recommend seeking financial advice before you make any changes.
If you already have a Legal & General pension, you can change your fund choice in the Investments tab in your online account. If you’ve any questions on how to do this, please call our helpline.
If you’ve previously opted out of your pension, contact your employer to opt back in to your workplace scheme. Please note you may be initially invested into your schemes default option and you’ll therefore need to update your investment choices.
