Note: MyHalalMoney provides information only. We do not issue rulings on what is or isn't permissible. Always check the latest Sharia certification status directly with a provider before opening an account.
Halal banking apps
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The UK's largest and most established Islamic bank. Al Rayan's mobile app covers everyday banking, transfers, and account management for its Sharia-compliant current accounts and savings products. All products are certified by an independent Sharia supervisory board. Not the slickest interface compared to challenger banks, but backed by full Sharia compliance.
Kestrl is built specifically for Muslim consumers — it tracks your spending, flags transactions from prohibited industries, and helps you make more conscious financial decisions. Unlike standard challenger banks, it is designed with the Muslim community in mind from the ground up.
Important: Kestrl is an Electronic Money Institution (EMI), not a bank. Funds are held under e-money safeguarding rules and are not covered by the FSCS. Best used as a day-to-day spending account rather than a place to hold large sums.
Halal investing apps
Wahed is the most prominent dedicated halal investment platform in the UK. It offers fully Sharia-screened portfolios across different risk levels, overseen by a Sharia supervisory board including prominent scholars. Also offers a stocks and shares ISA — one of the most accessible halal ISAs in the UK. Minimum investment is low and the app is well designed.
Cur8 Capital provides access to individual halal deals in private equity, real estate, and Sukuk — asset classes normally out of reach for retail investors. Each deal is individually Sharia-certified. Best suited to experienced investors looking to diversify beyond the stock market, not beginners.
Trading 212 is not a halal-certified platform and carries no Sharia supervisory board oversight. It is included because it is widely used by British Muslims who prefer to build their own Sharia-screened portfolios. Commission-free trading in stocks and ETFs, a stocks and shares ISA, and fractional shares from £1. Use alongside Zoya to screen every holding.
Important: Trading 212 offers interest on uninvested cash by default — turn this off in settings. Always screen every stock or ETF via Zoya before purchasing.
Halal savings apps
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Gatehouse Bank offers Sharia-compliant savings accounts with competitive profit rates. Their online portal lets you manage fixed-term and easy access savings accounts that pay profit share rather than interest. Note: Gatehouse is primarily an online savings platform — the mobile app experience is more basic than fintech alternatives.
Halal investing tools
Zoya is the essential tool for any British Muslim who picks their own stocks. It screens individual companies for Sharia compliance — showing whether a stock passes or fails and why, including revenue breakdown from impermissible activities and debt ratios. Use it before buying any individual stock on Trading 212, AJ Bell, or any other self-directed platform. The free tier covers basic screening; premium unlocks detailed breakdowns, purification calculations, and portfolio tracking.
What to look for in a halal finance app
Sharia supervisory board, any genuinely halal financial app should have independent Islamic scholars overseeing and certifying its products.
FCA regulation, all UK financial services providers must be regulated by the Financial Conduct Authority. Check the FCA register before using any platform.
FSCS protection, for savings and banking apps, check whether deposits are protected up to £120,000 by the Financial Services Compensation Scheme. Note: Electronic Money Institution (EMI) apps like Kestrl are not FSCS protected, funds are safeguarded under e-money rules but this is not the same as bank deposit protection.
Transparency on screening, for investment apps, the provider should be clear about how Sharia screening works and what it excludes.
Frequently asked questions
Reputable halal finance apps are either FCA-regulated or use safeguarding for your funds. Al Rayan Bank is a fully authorised UK bank with FSCS protection up to £120,000. Kestrl is an FCA-authorised EMI — funds are safeguarded but not FSCS protected. Always check the regulatory status before depositing significant amounts.
No — Kestrl is an Electronic Money Institution (EMI), not a bank. Funds are safeguarded under e-money rules, not FSCS protected. Use it for day-to-day spending rather than holding large balances. For savings, use an FSCS-protected Islamic bank like Al Rayan or Gatehouse.
Yes — Zoya screens stocks on major exchanges including the London Stock Exchange, NYSE, and NASDAQ. It covers most major UK-listed companies as well as US stocks held via platforms like Trading 212.
Absolutely — this is often the best approach. Many British Muslims use Al Rayan Bank as their primary account, Kestrl for daily spending insights, Wahed for investments, and Zoya to screen individual stocks. Each serves a different purpose and they complement each other well.