The best Islamic investments in Singapore include Sharia-compliant equity funds, sukuk (Islamic bonds), Islamic savings accounts, and ethical real estate.
As Singapore positions itself as a leading center for Islamic finance in Southeast Asia, investors now have growing access to halal investment options that align with Sharia principles.
This article explores:
- Which Singapore investment is best in Islam?
- Which banks offer Islamic banking in Singapore?
- How to start halal investing in Singapore?
Key Takeaways:
- Singapore has one of Southeast Asia’s most developed Islamic finance frameworks.
- Investors can access halal options through banks, advisors, and fund platforms.
- Foreigners and expats can participate in Sharia-compliant investments in Singapore.
My contact details are hello@adamfayed.com and WhatsApp +44-7393-450-837 if you have any questions.
The information in this article is for general guidance only. It does not constitute financial, legal, or tax advice, and is not a recommendation or solicitation to invest. Some facts may have changed since the time of writing.
What is the best Islamic investment in Singapore?
Among the top Islamic investments in Singapore are Sharia-compliant equity funds, Islamic bonds (sukuk), and Islamic wealth-management solutions offered by banks such as Maybank and CIMB.
These options allow investors to grow wealth while adhering to Islamic principles that prohibit riba (interest), gharar (excess uncertainty), and investment in haram sectors like gambling or alcohol.
Singapore’s Islamic fund market has been expanding, with several locally managed Sharia-compliant funds reaching assets under management in the tens of millions of USD.
High-net-worth investors often prefer tailored Islamic wealth-management portfolios or property-backed Islamic finance structures that combine ethical compliance with strong returns.
When evaluating any halal investment, ensure that:
(a) it is certified by a credible Sharia board,
(b) regulated by the Monetary Authority of Singapore (MAS), and
(c) aligned with your ethical and financial goals.
How to do Islamic investment in Singapore?
Here is a practical step-by-step guide for halal investing in Singapore:
1. Define your Sharia-compliance criteria
Ensure your chosen investment avoids prohibited sectors, interest income, and excessive debt.
2. Select an appropriate vehicle
Choose from Sharia-compliant funds, sukuk, Islamic real estate financing or Islamic wealth-management platforms.
3. Use regulated platforms
Ensure the fund or product is registered or accessible in Singapore via MAS-regulated brokers or banks.
4. Verify Sharia-governance
Check that the product has a recognized Sharia advisory board and transparent compliance methodology.
5. Monitor on-going compliance and performance
Regularly review fund updates, purification of non-halal income, and reinvestment alignment.
Does Singapore have Islamic banking?

Yes, Singapore does permit and support Islamic banking and finance, although the retail Islamic banking market remains niche.
The Monetary Authority of Singapore has integrated Islamic finance within its regulatory framework rather than creating a completely separate regime.
Examples of banks providing Islamic-compliant services in Singapore include: CIMB Islamic Singapore, which offers Sharia-compliant savings and investment services.
Additionally, Maybank Singapore launched a full suite of Islamic wealth solutions via a regional offshore hub in 2023.
While Singapore may not yet rival Malaysia in scale of Islamic banking, it is well-positioned as a financial hub that facilitates Islamic asset-management, sukuk issuance and wealth-planning for affluent clients across Southeast Asia.
Is Wahed available in Singapore?
Wahed is not currently available to investors residing in Singapore, as the platform is not licensed by the Monetary Authority of Singapore (MAS).
While it operates globally, Singaporean investors cannot yet open new accounts directly with Wahed.
Is DBS investment halal?
No — you cannot assume that investments through DBS Bank are halal by default; each product must be evaluated individually for Sharia compliance.
DBS previously operated The Islamic Bank of Asia (a fully Sharia‑bank) which it wound down in 2015.
Is Maybank Islamic Sharia-compliant?
Yes, Maybank Islamic investment offerings in Singapore are Sharia-compliant, providing halal wealth management solutions and unit trust funds that adhere to Islamic principles.
As of late 2023, Maybank Singapore offers 13 Sharia-compliant unit trust funds.
High-net-worth investors can access Islamic funds, wealth-planning solutions, and tailored investment strategies within a regulated environment.
When considering Maybank Islamic investments in Singapore, evaluate:
- Fund terms and minimum investment thresholds
- Sharia-screening methodology
- Whether the wealth solutions include succession planning or purification features
Which banks offer Islamic banking in Singapore?
CIMB Islamic Singapore and Maybank Singapore are two of the main banks providing Sharia-compliant banking and investment services in Singapore.
- CIMB Islamic Singapore – Offers Sharia-compliant savings accounts, investment funds, and wealth-management solutions.
- Maybank Singapore – Provides full Islamic wealth management services and 13 Sharia-compliant unit trust funds as of 2023.
- FAB Siraj (part of First Abu Dhabi Bank in Singapore) — The Siraj Islamic Banking division offers a full range of Sharia‑compliant products in Singapore.
- SNB Singapore (a branch of Saudi National Bank) — Its Singapore branch holds a wholesale banking license and provides Islamic banking services.
Conclusion
Islamic investments in Singapore provide an increasingly viable pathway for affluent Muslim investors and expats seeking Sharia-compliant exposure in a politically stable, well-regulated financial center.
By selecting screened funds, utilizing established Islamic wealth hubs, and verifying product structures for true Sharia compliance, you can align ethical investing with robust investment infrastructure.
Singapore may not yet dominate Islamic finance like Malaysia or the Gulf, but for global investors looking for a gateway to Asia with halal credentials, it offers a compelling option.
FAQs
What is the most popular investment in Singapore?
In Singapore, real estate (private residential and commercial property) remains one of the most popular asset classes for high-net-worth individuals.
Additionally, equity funds and ETFs are widely used by both locals and foreigners for diversification and liquidity.
Are Muslims allowed to invest in stocks?
Yes, Muslims are generally permitted to invest in stocks, provided the companies involved adhere to Sharia-compliance requirements (no prohibited activity, minimal interest/debt ratios, etc.).
Can I invest in Singapore as a foreigner?
Yes, Singapore welcomes foreign investors.
Non-residents may invest in funds, equities and real estate (subject to certain regulatory restrictions on property).
From an Islamic-investment perspective, you can access Sharia-compliant funds and wealth-solutions even if you are non-resident, though you’ll need to check tax, minimum investment and eligibility criteria.
Pained by financial indecision?

Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.