Shariah Compliant Child Trust Fund

This is a discussion on Shariah Compliant Child Trust Fund within the Helpers' Corner forums, part of the Miscellaneous category; Salaam aleykum has anyone used one of these before? any recommendations?...

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Thread: Shariah Compliant Child Trust Fund

  1. Abu Treika's Avatar
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    Shariah Compliant Child Trust Fund

    Salaam aleykum

    has anyone used one of these before?

    any recommendations?
    Wakee' ibn Jarrah once said, 'The intelligent one is he who understands the ways of Allah, not him who has understood the ways of this world.'

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    Re: Shariah Compliant Child Trust Fund

    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 .

  3. WM
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    Re: Shariah Compliant Child Trust Fund

    Quote Originally Posted by Abu Treika View Post

    any recommendations?
    White slavery?

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    Re: Shariah Compliant Child Trust Fund

    Quote Originally Posted by WM View Post
    White slavery?
    Hey!!! Don't enslave me!!

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