Shariah Compliant Child Trust Fund

**Abu Treika** · 3rd July 2009

Salaam aleykum

has anyone used one of these before?

any recommendations?

**nomad** · 3rd July 2009

its what i used, as to start with i completely ignored the trust fund, but after 2 years they automatically open one for you, and save money for you. They opened it with lloyds, so i transferred over. It is now worth less than what it was 2 years ago, i never pay in any money, because i forsee that by the time the kiddie has turned 18, it will be worthless anyhow, or someone would have swiped the whole lot. Its based on riba(with a nice name), so im not contributing at all. They dont invest in non islamic companies, like, arms, drink, porno stuff like that .