Hi,
It would be great if Monzo could be more inclusive in their investment options and include ESG investment options including sharia based ISAs and investment options that are offered by other banks like Gatehouse bank, Al Rayaan etc. For clients who do not wish to invest in unethical sectors like weapons, gambling, alcohol etc. there are currently no available options. Similarly for users who prefer profits and dividends over interest, there are no options.
There was a discussion surrounding Sharia investment a while ago and it was found that the Co-Op Bank has the most ethical and available solutions to meet your needs. Although it’s a great suggestion, it’ll definitely take some time so I recommend going to Co-Op for the time being to invest.
The CoOp sold off its investment arm some time ago and just does normal banking now. Coventry Building Society are in the midst of purchasing it.
PS Quite some time ago. Royal London bought it in 2013.