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Red Rose Assurance Stocks and Shares Shariah ISA Cashback Offers & Discounts

Get £26.25 of the price back with our Red Rose Assurance Stocks and Shares Shariah ISA cashback offers

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Red Rose Assurance Stocks and Shares Shariah ISA Cashback

Opening of new ISA
£26.25

Red Rose Assurance Stocks and Shares Shariah ISA

Formed in 1863 as Blackburn Philanthropic Mutual Assurance Society, Red Rose Assurance, has been providing members throughout Lancashire and much further afield, with savings, investment and life assurance for many years. The Society has a long and proud history of providing ethical savings and investments.

In February 2025 Red Rose Assurance joined The Rechabite Friendly Society, becoming a trading name of the Society, which also trades as Healthy Investment.

Being part of a mutual Friendly Society means there are no shareholders to benefit from your investment. We don't just take an ethical approach to our investments, we make sure we do things right throughout our business. Today the Society provides a faith based, ethical offering.

Red Rose Assurance recently relaunched the Shariah Stocks and Shares ISA. The product has the same eligibility as any other adult Stocks and Shares ISA product, and is open to anybody who meet the following criteria:

  • UK resident for tax purposes
  • Aged 18+
  • Those who have a National Insurance number
  • Have not exceeded the annual ISA limit

To open a policy with Red Rose Assurance, the minimum initial deposit is £500 or there is the option to pay a monthly premium, with the minimum amount being £25 per month. A combination of both can be set up upon application.

Investing always carries risk. The value of your investments may rise or fall, and you might receive less than you originally invested. How your investment is taxed depends on your personal situation and could change over time. If you're uncertain about investing, you should consult a financial adviser.

The Society is:

  • Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
  • A member of the Financial Services Compensation Services Scheme.
  • A member of the Association of Financial Mutuals.

Shariah Compliance

The Red Rose Shariah Unit-Linked Life Fund is fully invested in the HSBC Islamic Global Equity Fund, which tracks the Dow Jones Islamic Market Global Titans 100 Index.

What is Shariah Finance?

Shariah is a legal and ethical framework that governs both personal behaviour and financial practices. In accordance with its principles:

  • Interest (riba) is strictly prohibited
  • Investments in non-compliant industries (e.g., alcohol, gambling, and weapons) are not allowed
  • Emphasis is placed on ethical conduct, social justice, and positive societal impact

Red Rose Shariah ISA: Faithful to Principles

This ISA adheres to approved Islamic finance guidelines and is overseen by an independent Shariah Supervisory Committee. The committee:

  • Approves the fund’s investment policies and objectives
  • Ensures ongoing compliance with Shariah principles
  • Oversees the handling of any non-compliant income, including charitable redirection
Read more

Cashback exclusions and terms

Exclusions
  • Cashback will not be paid if you cancel your policy.
  • Red Rose Assurance will not pay cashback if you have previously purchased a Red Rose Assurance or Healthy Investment product, where you received cashback or a voucher offer.
  • Each customer will only be eligible for cashback once. Repeat, duplicate or subsequent purchases will not be eligible for cashback.
  • The cashback offer is not available if you are receiving any other kind of offer for opening the Red Rose Shariah ISA.
  • Use of a promotional/voucher code not posted and approved by TopCashback.
Terms
  • Cashback is calculated for the item(s) price only, not including VAT, delivery or other fees.
  • In the event of the customer choosing to pay an initial lump sum in to the Shariah ISA, cashback will only be paid if the lump sum deposit has been paid by the customer and has been received by Red Rose Assurance.
  • Cashback will be paid once, for initial lump sum investments or when you set a regular monthly contribution up, but not for both.
  • Cashback is only available to members of TopCashback, who have completed a genuine, tracked application according to TopCashback terms and conditions.
  • If you click through to the Red Rose Assurance website, and choose to apply for a Red Rose Shariah ISA, you will be required to complete a full application. Before commencing that application, you must ensure that you click the link on TopCashback, which links to Red Rose Assurance website.
  • Fraudulent applications are not eligible for any cashback offer – including bank details obtained by fraud, fake application details or fake TopCashback accounts.
  • Third party cookies must be enabled on your browser, in accordance with the TopCashback terms and conditions.
  • You must be a UK resident to be eligible for cashback
  • In the event of the customer choosing to set up a regular monthly contribution in to the Shariah ISA, cashback will only be paid if the direct debit payments are kept up to date.
  • Cashback processing will begin 120 days after the policy starts and will be in your TopCashback account with 2 months of processing starting.
  • Cashback will not be paid in the event that you withdraw any or all of your investment within the 120 days processing time.
  • Cashback will not be paid in the event that you reduce or stop your regular monthly contribution within the 120 days processing time.
  • In the event of you withdrawing from your investment, closing your Red Rose Shariah ISA, reducing your regular monthly contribution or stopping your regular monthly contribution, the cashback amount will be deducted from your final value. This will apply for 12 months after the cashback is paid.
  • Should your cashback fail to track automatically, please submit a 'Missing Cashback' claim within 100 days of your order.

See also our general terms & conditions.

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