Wahed Invest offers the best halal Stocks & Shares ISA in the UK — AAOIFI-certified, investing in screened halal equities, gold, and Sukuk. For a halal Cash ISA, Gatehouse Bank's Expected Profit Rate ISA is the top choice. Standard Cash ISAs that pay interest are haram.
Why Most ISAs Aren't Halal
An ISA (Individual Savings Account) is a tax-efficient wrapper — it shields your money from UK income tax and capital gains tax. That part is entirely permissible.
The halal issue is what goes inside the ISA:
- Cash ISA — Pays interest on your savings. Interest = riba = haram ❌
- Stocks & Shares ISA (mainstream) — Invests in all types of companies including banks, alcohol producers, gambling companies, and weapons manufacturers ❌
- Halal Stocks & Shares ISA — Invests only in Shariah-screened assets ✅
- Halal Cash ISA — Uses Expected Profit Rate (EPR) instead of interest ✅
Best Halal ISAs UK 2026
| Provider | ISA Type | Shariah Certified | Annual Fee | Best For |
|---|---|---|---|---|
| Wahed Invest | Stocks & Shares ISA | ✓ AAOIFI | 0.49–0.99% | Long-term growth investors |
| Gatehouse Bank | Cash ISA | ✓ Shariah board | None | Low-risk savers |
| Al Rayan Bank | Cash ISA | ✓ Shariah board | None | Established Islamic bank |
1. Wahed Invest — Best Halal Stocks & Shares ISA ⭐
Wahed Invest is the UK's leading halal investment platform and the only mainstream provider of a Shariah-compliant Stocks & Shares ISA. Founded in 2017, it is AAOIFI-certified (Accounting and Auditing Organisation for Islamic Financial Institutions) — the gold standard in Islamic finance certification.
What Wahed Invests In
- Halal equities — Shares in companies passing a Shariah screening process (excludes alcohol, gambling, conventional finance, tobacco, weapons)
- Gold — Physical gold allocation for portfolio stability
- Sukuk — Islamic bonds (alternative to conventional bonds which pay interest)
Wahed ISA — Key Details
- ISA allowance: Up to £20,000 per year (2026/27 tax year)
- Minimum investment: £100
- Annual fee: 0.99% (under £100k) / 0.49% (over £100k)
- Available: iOS and Android app, web platform
- Certification: AAOIFI-certified Shariah board
Open a Wahed Invest Halal ISA
The UK's only AAOIFI-certified Stocks & Shares ISA. Invest in halal equities, gold, and Sukuk — tax-free inside your ISA wrapper.
Open Wahed ISA →We may earn a commission if you sign up. This does not affect our review.
2. Gatehouse Bank — Best Halal Cash ISA
For Muslims who prefer low-risk savings over investment, Gatehouse Bank's Cash ISA offers an Expected Profit Rate (EPR) instead of interest. The EPR functions similarly to an interest rate in terms of growth, but is structured on Shariah-compliant profit-sharing principles.
- FSCS protected up to £85,000
- Fixed-term and easy access options
- Competitive EPR — often among the top Cash ISA rates in the UK
- Fully Shariah-compliant, supervised by independent scholars
3. Al Rayan Bank — Cash ISA Alternative
Al Rayan Bank also offers a Shariah-compliant Cash ISA with an Expected Profit Rate. As the UK's oldest Islamic bank, it benefits from the highest brand recognition in the Muslim community. Their Cash ISA products are FSCS-protected and available as fixed-term or easy-access.
Can I Have Both a Halal Cash ISA and a Halal Stocks & Shares ISA?
Yes. HMRC allows you to hold multiple ISAs of different types simultaneously, as long as your total contributions don't exceed the annual ISA allowance (£20,000 in 2026/27). You could, for example, put £10,000 into Wahed's Stocks & Shares ISA and £10,000 into Gatehouse's Cash ISA in the same tax year.
Split your £20,000 allowance: Gatehouse Cash ISA for your emergency fund / short-term savings + Wahed Stocks & Shares ISA for long-term growth. Both halal. Both tax-free.