The first Sharia-compliant pension fund has been launched in the UK.

The fund which does not invest in companies that trade in guns, alcohol, gambling, tobacco or pornography, nor does it receive interest, has been launched by Pointon York and the Islamic Bank of Britain (IBB).

Investors will be able to save in a self-invest personal pension and choose from a range of Sharia-compliant assets. These could include cash, funds and property.

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