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Workplace Pension Holdings Reviewed

NEST Sharia Fund

Workplace Pension · United Kingdom · Manager: NEST Corporation · OCF: 0.30%

Operational Israeli exposure Operational exposure

22.8% of the top 10 holdings in companies with Israeli operations (Microsoft Corporation, Amazon.com Inc., Alphabet Inc.), above our 0% threshold. Based on the fund's top 10 disclosed holdings

8 sources · 98 evidence points · 80% confidence · updated 2026-06-28

Screening Summary 9 of 9 screens assessed
Flagged (1) Fails at any revenue exposure above 0%
Israeli-linked exposure22.8%
Passed (8) Business Activity, Financial Ratios, Weapons, Gambling, Alcohol, Tobacco, Adult Entertainment, Conventional Finance
Business ActivityPass
Financial RatiosPass
Weapons0.0%
Gambling0.0%
Alcohol0.0%
Tobacco0.0%
Adult Entertainment0.0%
Conventional Finance0.0%

Fund Details

Fund Manager
NEST Corporation
OCF / TER
0.30%
Benchmark
MSCI World Islamic Index
Domicile
United Kingdom
Currency
GBP
Launch Date
2012-07-01

Objective: Provide Sharia-compliant pension investment for UK workplace pension members

Holdings

350
Total Holdings
38%
Top 10 Concentration

Top Holdings

AppleMicrosoftNVIDIAAmazonAlphabet

Sector Allocation

Technology
42%
Healthcare
16%
Consumer Staples
14%
Industrials
12%
Other
16%

Geographic Allocation

United States
68%
Japan
9%
Europe
12%
Other
11%

Sharia Assessment

Pass
Business Activity
Pass
Financial Ratios

Methodology: MSCI Islamic Index methodology

MSCI Islamic screening applied

✓ Annual sharia certification✓ Independent oversight✓ Regular purification
⚖️
Disclaimer Grow Halal provides Shariah compliance screening tools for informational purposes. We do not issue fatwas or religious rulings. Consult a qualified Shariah advisor to confirm compliance for your personal circumstances.

Sources (2)

Fund Factsheet2026-04-3094%View →
Annual Report2026-02-0193%

Monitoring

Active
2026-06-28
Last Reviewed
2026-09-01
Next Review
Monthly
Review Cycle

Research Timeline

Added to coverage2026-06-22

Research Timeline

2026-06-22
Added to coverage

Evidence Sources

Fund Factsheet2026-04-3094%View →
Annual Report2026-02-0193%

Confidence Breakdown

Evidence Volume
98 points
Source Diversity
2 sources
Data Freshness
Updated 2026-06-28
Screening Completeness
100% complete

Why This Assessment Could Change

△Fund manager changes investment objective or benchmark
△Holdings rebalance introduces new sectors
△Screening methodology or Sharia board changes
△OCF or fee structure materially changes
△New factsheet or annual report publication

Related Guides

How We Assessed This

1Verified fund identity, manager, benchmark and domicile
2Reviewed the disclosed top holdings for Israeli-linked companies
3Reviewed the Sharia screening methodology and board oversight
Read the full Research Standard →

Frequently Asked Questions

Is NEST Sharia Fund halal?

Our current assessment is "Suitable". This pension fund uses MSCI Islamic Index methodology. Always confirm with your pension provider.

Can I switch my workplace pension to this fund?

Most workplace pension providers allow fund switches. Contact your provider or HR department. Switching is usually free and takes a few days.

How does pension screening work?

Workplace pension funds are screened using the same methodology as retail funds — business activity screening, financial ratio checks, and sector exclusion. The screening is performed by the fund's appointed Sharia board or index provider.

Can I request updated research?

Yes. If you believe this assessment is outdated or have new evidence, you can request a review by emailing hello@growhalal.co.uk. We review all requests.

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✓ Grow Halal Research Standard v2.0

This investigation follows the Grow Halal Research Standard — an evidence-based methodology prioritising transparency, source diversity, and continuous monitoring. Read our methodology →