Pointon York, an independent financial services company based in Leicestershire in central England, announced on June 6 that it will begin offering four Sharia-compliant Self-Invested Personal Pensions (SIPP) products that do not bear interest nor invest in companies that trade in alcohol, gambling, pornography, tobacco or weapons, in conformity with Islamic law.
Pointon York is the first specialist SIPP provider to receive Sharia-compliant accreditation by the Islamic Bank of Britain (IBB), which has pioneered Islamic retail banking in the United Kingdom. The IBB will supervise the entire lifecycle of Pointon York's pension funds to ensure full compliance with Sharia legal principles. [Hudson New York] Read more
