Devere-newzealand.nz Review

Based on looking at the website devere-newzealand.nz, it operates as a financial advisory firm offering a range of services from investment planning to pension transfers.

While the site presents a professional facade, certain aspects raise concerns, particularly regarding the ethical considerations from an Islamic perspective, given its engagement in interest-based financial products like conventional insurance and investment planning that may not explicitly adhere to Sharia principles.

Overall Review Summary:

Website Professionalism: High
Service Offerings: Comprehensive financial advisory services.
Transparency: Disclosure Information link is present, but specifics on Sharia compliance are absent.
Ethical Compliance Islamic Perspective: Low, due to involvement in conventional insurance and investment models that typically include interest riba.
Recommendation: Not recommended for those seeking Sharia-compliant financial solutions.

The website devere-newzealand.nz appears to be a legitimate operation in the conventional financial services sector, boasting various offerings such as KiwiSaver, retirement planning, and UK pension transfers.

However, for a Muslim audience, the critical issue lies in the implicit acceptance of interest-based transactions and conventional insurance, both of which are generally prohibited in Islamic finance.

There’s no mention of Sharia-compliant products or services, which is a significant red flag.

While the site emphasizes “disruptive technology and innovation,” this focus doesn’t translate to ethical innovation in line with Islamic finance principles.

Therefore, those looking for financial solutions that align with Islamic values should exercise extreme caution and likely look elsewhere.

Best Alternatives for Ethical Financial Planning:

Amanah Ventures: Focuses on ethical, Sharia-compliant venture capital and investment.
Guidance Residential: A leading provider of Sharia-compliant home financing in the US, avoiding interest.
Saturna Capital: Offers mutual funds and asset management with a strong emphasis on socially responsible and Islamic investing principles.
Wahed Invest: An accessible, halal-focused digital investment platform for various risk appetites, ensuring all investments are Sharia-compliant.
Sharia Portfolio: Provides investment management services specifically designed to be Sharia-compliant, screening out prohibited industries.
Takaful Emarat: A prominent Takaful Islamic insurance provider offering Sharia-compliant alternatives to conventional insurance.
Islamic Finance Guru IFG: While not a direct financial service provider, IFG offers comprehensive guides and resources on Sharia-compliant investments, personal finance, and alternatives to conventional banking.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

devere-newzealand.nz Review & First Look

Upon initial inspection, devere-newzealand.nz presents itself as a sophisticated financial advisory platform.

The website’s design is clean, professional, and intuitive, giving users easy access to its various sections.

The navigation bar clearly outlines core areas such as “About Us,” “Products & Services,” “News,” and “Contact Us,” which is typical for a well-structured corporate site.

The prominent display of “News Updates” and “Financial Advice” indicates a strong focus on market trends and client guidance.

However, the absence of any specific certifications or regulatory body mentions on the homepage for New Zealand operations raises questions for a discerning user.

While a “Disclosure Information” link exists, its direct content isn’t immediately visible without clicking, which is a common practice but worth noting for transparency.

Initial Impressions and User Experience

The site loads quickly, and its responsive design adapts well across different devices, suggesting a modern web development approach.

The use of clear calls to action, such as “Find out the latest news” and a contact form, aims to engage visitors.

The visual appeal, with professional imagery and a clean layout, projects an image of trustworthiness and expertise.

Clean Interface: The layout is uncluttered, focusing on readability.
Intuitive Navigation: Menus are logical and easy to follow.
Modern Design: The aesthetic aligns with contemporary financial service websites.

Missing Elements and Transparency Concerns

Despite the professional facade, certain elements that build robust trust in financial services are not immediately obvious. Jumbo.ae Review

For instance, direct links to regulatory licenses or clear statements about client fund protection mechanisms are not front and center.

While “Disclosure Information” is linked, users might prefer a more prominent display of such critical details.

Regulatory Information: A clear statement on specific regulatory bodies overseeing deVere New Zealand could enhance trust.
Client Protection: Details on how client funds are secured or guaranteed are not highlighted.
Sharia Compliance: A glaring omission for an ethical review. there is no mention or indication of Sharia-compliant products or services.

devere-newzealand.nz Features: A Conventional Overview

Devere-newzealand.nz offers a suite of financial services that align with standard conventional financial planning practices.

These services cater to a broad spectrum of financial needs, from long-term investment strategies to short-term insurance requirements.

The emphasis on “financial solutions driven by emerging technology” suggests an attempt to leverage modern tools for client benefit, though the specifics of this technological integration are not detailed.

Core Service Offerings

The website outlines several key product and service categories, each designed to address a particular financial goal.

Financial Advice: General consultation and guidance on financial matters.
Investment Planning: Strategies for wealth growth and asset management. This typically involves conventional funds, stocks, and bonds, which may include interest-bearing instruments.
KiwiSaver: New Zealand’s voluntary, work-based savings scheme. While beneficial, the underlying investments within KiwiSaver schemes can often include interest-bearing assets.
Retirement Planning: Long-term strategies for securing post-employment financial stability.
Health & Life Insurance: Standard conventional insurance policies. These are generally based on uncertain contracts gharar and involve interest riba in their investment components, making them impermissible in Islamic finance.
UK Pension Transfers: Assistance with moving pension funds from the UK to New Zealand. This process may involve handling funds that have accrued interest.

Technological Integration and Innovation Claims

The claim of welcoming “disruptive technology and innovation” to offer “faster and more efficient services” is a positive statement but lacks concrete examples.

While many financial firms are indeed leveraging AI, blockchain, and data analytics, the website doesn’t provide case studies or specific tools to demonstrate this.

This makes it difficult to assess the actual depth of their technological integration beyond a marketing claim.

Vague Technology Claims: The language is broad rather than specific about how technology enhances client services.
Efficiency Promise: Focuses on speed and efficiency, but the methods are not detailed.
Lack of Tangible Examples: No mention of client portals, advanced analytics, or AI-driven advice tools.

devere-newzealand.nz Cons: An Ethical Perspective

From an ethical and Islamic finance perspective, devere-newzealand.nz presents significant drawbacks. Sapph.com Review

The fundamental issue revolves around its engagement in conventional financial practices that are contrary to Sharia principles, primarily concerning interest riba and excessive uncertainty gharar. For a Muslim seeking financial solutions that align with their faith, the services offered by deVere New Zealand would largely be problematic.

Involvement in Interest-Based Transactions Riba

The cornerstone of Islamic finance is the prohibition of riba interest. Conventional financial advice, investment planning, and retirement planning often involve interest-bearing instruments such as bonds, conventional bank deposits, and loans.

Investment Planning: Likely includes exposure to conventional stocks, bonds, and mutual funds that do not screen for Sharia compliance, meaning investments in industries like alcohol, gambling, or interest-based financial institutions are possible.
KiwiSaver: While a national savings scheme, many KiwiSaver funds invest in interest-bearing assets, making them potentially non-compliant. A 2022 survey by the Financial Markets Authority FMA in New Zealand found that only a small fraction of KiwiSaver funds explicitly offered a Sharia-compliant option.
UK Pension Transfers: Pensions often accrue interest over time, and transferring them without a Sharia-compliant screening process could involve non-halal funds.

Conventional Insurance Concerns Gharar

“Health & Life Insurance” is explicitly listed as a service. Traditional insurance models are generally considered impermissible in Islamic finance due to elements of gharar excessive uncertainty and riba interest in their underlying investments.

Uncertainty Gharar: Conventional insurance involves a contract where the outcome for the policyholder is uncertain either they get a payout or they don’t, which is considered a form of gambling or speculation in Islamic jurisprudence.
Interest Riba: Insurance companies often invest premiums in interest-bearing assets to generate returns, which is prohibited.
Alternative: The Islamic alternative is Takaful, which is based on mutual cooperation and solidarity, where participants contribute to a common fund for mutual benefit.

Lack of Sharia Compliance

Perhaps the most significant con is the complete absence of any mention or offering of Sharia-compliant financial products.

For a Muslim adhering to Islamic principles, this renders the services unsuitable.

No Halal Screening: No indication that investments are screened to exclude prohibited industries e.g., alcohol, tobacco, gambling, conventional finance, adult entertainment, pork.
No Ethical Fund Options: No specific Sharia-compliant funds or investment vehicles are highlighted.
Generalist Approach: The services are broad and cater to a mainstream audience without religious or ethical filtering.

devere-newzealand.nz Alternatives

Given the ethical concerns with devere-newzealand.nz’s conventional financial offerings, particularly for individuals seeking Sharia-compliant solutions, it’s crucial to explore alternatives that adhere to Islamic principles.

The focus should be on institutions and platforms that explicitly offer halal investment, ethical wealth management, and Takaful Islamic insurance solutions.

Islamic-Compliant Financial Platforms

These platforms specialize in providing financial services that rigorously adhere to Sharia law, ensuring investments and operations are free from interest, excessive uncertainty, and prohibited industries.

Wahed Invest: As mentioned earlier, Wahed Invest is a globally recognized halal digital investment platform. They offer diversified portfolios managed according to Islamic principles, making it easy for individuals to invest ethically.
Amana Mutual Funds: Managed by Saturna Capital, Amana Mutual Funds are pioneers in Islamic investing in the US. They offer several mutual funds that screen investments for Sharia compliance, avoiding interest-bearing assets and prohibited industries.
Islamic Finance Guru IFG: While not a direct service provider, IFG is an invaluable resource for finding Sharia-compliant financial products and services, including mortgages, investments, and ethical banking. They review and list various halal options.
Manzil: Based in Canada but serving North America, Manzil offers Sharia-compliant mortgages and investment solutions, specifically designed to avoid Riba.
Fasset: An emerging digital asset platform focused on bringing Sharia-compliant digital finance solutions, potentially including halal crypto assets and decentralized finance.

Ethical & Socially Responsible Investing SRI

While not always explicitly Sharia-compliant, many SRI funds align with ethical principles that can overlap with Islamic finance, such as avoiding harmful industries.

However, a deeper dive is always needed to ensure full compliance. Vanandwhere.com Review

Vanguard ESG Funds: Vanguard offers various ESG Environmental, Social, and Governance funds that filter companies based on ethical criteria. While not Sharia-certified, some may align partially with Islamic values by excluding certain sectors.
BlackRock iShares ESG ETFs: BlackRock provides a range of ESG-focused ETFs that invest in companies with strong sustainability and ethical practices. Again, careful due diligence is required for Sharia compliance.

Takaful Providers Islamic Insurance

For insurance needs, Takaful offers a Sharia-compliant alternative to conventional insurance.

Takaful Emarat: A leading Takaful provider offering health, life, and general Takaful products based on principles of mutual cooperation and donation.
Islamic Insurance various providers globally: While specific providers vary by region, searching for “Islamic insurance” or “Takaful” can yield local companies offering Sharia-compliant protection plans. It is recommended to check regulatory approvals in your specific region.

How to Cancel devere-newzealand.nz Subscription and Ethical Exit

Given that devere-newzealand.nz deals with financial services rather than typical subscriptions, “cancellation” would likely refer to terminating service agreements, closing accounts, or transferring assets. For those seeking to align their finances with Islamic principles, discontinuing services that involve riba or gharar is a necessary step.

Understanding Service Termination

Financial service agreements are typically governed by detailed terms and conditions.

Cancelling involves formal procedures, which might include written notice, account closure forms, and potentially fees or penalties depending on the service and agreement.

Review Your Agreement: The first step is always to refer to the client agreement or terms of service you signed with deVere New Zealand. This document will outline the specific cancellation procedures, notice periods, and any associated costs.
Contact Their Support: Reach out to deVere New Zealand’s “Contact Us” section https://devere-newzealand.nz/contact-us via phone or email to explicitly state your intention to terminate services. Request clear instructions on the steps required.
Written Notice: For financial matters, it’s always advisable to provide written notice email or letter of your cancellation request. This creates a paper trail and confirms your instruction.
Asset Transfer/Withdrawal: If you have investments or funds managed by them, you’ll need to arrange for the transfer of assets to a new, Sharia-compliant financial institution or the withdrawal of funds. Ensure all outstanding fees are settled.

Ethical Considerations in Exit Strategy

From an Islamic perspective, the goal of cancellation is to cease engagement with non-compliant financial practices.

This involves not only stopping future transactions but also carefully unwinding existing arrangements.

Purify Existing Funds: If your current investments or pensions have accrued interest riba, some scholars advise purifying these funds by donating the interest portion to charity. This is a personal decision based on individual scholarly interpretation. For example, the Fiqh Council of North America has issued guidance on purification of illicit gains.
Transfer to Halal Alternatives: The most critical step is to promptly transfer your financial assets to a Sharia-compliant alternative, such as those listed previously e.g., Wahed Invest, Amana Mutual Funds, Takaful providers. This ensures your financial future aligns with Islamic principles.
Document Everything: Keep meticulous records of all communication, instructions, and confirmations related to your cancellation and asset transfers. This is crucial for accountability and troubleshooting.

devere-newzealand.nz Pricing Implied Structure

While devere-newzealand.nz does not publicly display a detailed pricing structure on its homepage, financial advisory services typically operate on a fee-based model. These fees can vary significantly based on the type of service, the complexity of advice, and the assets under management. From an Islamic finance perspective, the source and calculation of these fees are crucial, especially if they are derived from interest-bearing products or services.

Common Financial Advisory Fee Structures

Most financial advisors use one or a combination of the following methods for charging clients:

Percentage of Assets Under Management AUM: This is the most common model. Advisors charge an annual percentage e.g., 0.5% to 1.5% of the client’s total assets they manage. For instance, if an advisor manages $100,000, and their fee is 1% AUM, the annual fee would be $1,000.
- Concern: If the underlying assets themselves are non-Sharia compliant e.g., interest-bearing bonds, then the fee, even if seemingly simple, is derived from a problematic source.
Hourly Fees: Clients are charged for the time the advisor spends providing advice, similar to legal or consulting services. Rates can range from $150 to $400+ per hour.
- Concern: If the advice given directly facilitates or encourages riba or gharar-based transactions, even an hourly fee becomes ethically questionable.
Flat Fees: A fixed fee for a specific service or financial plan e.g., $1,000-$5,000 for a comprehensive financial plan.
- Concern: Similar to hourly fees, if the output of the fixed fee is a non-Sharia compliant plan, the fee itself becomes problematic from an Islamic perspective.
Commission-Based: Advisors earn commissions on the sale of specific financial products e.g., insurance policies, mutual funds. This model can create conflicts of interest.
- Concern: Direct sale of conventional insurance or investment products that generate commissions is non-permissible.

Implications for Ethical Finance

For those seeking Sharia-compliant financial guidance, the pricing model itself is secondary to the nature of the service. Zoogvpn.com Review

Even if the fee structure appears “halal” e.g., a flat fee for advice, if that advice leads to or is based upon impermissible transactions, the entire engagement becomes problematic.

Transparency is Key: Any financial advisor operating under Islamic principles must be transparent about how they are compensated and ensure that their compensation is not derived from prohibited sources.
Service-Based vs. Product-Based Fees: Ideally, fees should be for the service of advice itself, provided that the advice leads to Sharia-compliant actions and products. If the fee is tied to the sale of a non-halal product like conventional insurance or interest-bearing funds, it becomes problematic.
Average Industry Rates: In New Zealand, typical financial advisory fees for general financial planning often range from 0.5% to 1.5% of AUM annually, or fixed fees from NZD $1,000 to $5,000 for one-off plans.

devere-newzealand.nz vs. Ethical Financial Advisors

When comparing devere-newzealand.nz to ethical financial advisors, the starkest difference lies in their foundational principles.

DeVere operates within the conventional financial framework, which inherently includes elements like interest riba and conventional insurance gharar, both prohibited in Islamic finance.

Ethical financial advisors, particularly those specializing in Islamic finance, build their entire service model around adherence to Sharia law, ensuring every product and piece of advice is compliant.

Fundamental Differences in Operating Principles

Feature	devere-newzealand.nz Conventional	Ethical/Islamic Financial Advisors
Core Principle	Profit maximization within regulatory boundaries.	Adherence to Sharia law. ethical and social responsibility.
Interest Riba	Integral part of products loans, bonds, insurance investments.	Strictly prohibited. alternative mechanisms like profit-sharing Mudarabah.
Uncertainty Gharar	Accepted in products like conventional insurance.	Minimized or prohibited. replaced by cooperative models Takaful.
Investment Screening	Focus on financial performance. no ethical/religious screens.	Rigorous screening to exclude prohibited industries alcohol, gambling, etc..
Product Offerings	Conventional financial products insurance, mutual funds, pensions.	Sharia-compliant products Sukuk, ethical equities, Takaful.
Transparency	Standard regulatory disclosures.	Transparency on Sharia compliance and ethical guidelines.

Suitability for Muslim Clients

For a Muslim client, devere-newzealand.nz would be unsuitable due to its inherent involvement in non-Sharia compliant activities.

An ethical financial advisor, on the other hand, is specifically designed to meet the financial needs of Muslims while ensuring religious adherence.

Halal Investments: Ethical advisors guide clients towards investments in companies with Sharia-compliant business models, often utilizing Sukuk Islamic bonds or Sharia-compliant equity funds. For example, data from Refinitiv Islamic Finance indicates that global Islamic finance assets reached US$4.0 trillion in 2021, demonstrating a robust and growing market for ethical alternatives.
Takaful Alternatives: Instead of conventional life and health insurance, ethical advisors recommend Takaful, which operates on principles of mutual aid and risk-sharing. The global Takaful market was projected to reach US$49.8 billion by 2025, according to some market reports, reflecting its increasing adoption.
Purification of Wealth: Ethical advisors can also provide guidance on purifying existing wealth that may have accrued from non-permissible sources.

Regulatory Landscape and Professional Standards

Both conventional and ethical advisors operate within regulatory frameworks.

However, Islamic financial advisors often have additional layers of Sharia supervision and governance.

Conventional Advisors: Regulated by bodies like the Financial Markets Authority FMA in New Zealand, focusing on consumer protection and financial stability.
Ethical Advisors: In addition to national financial regulations, they are typically overseen by a Sharia Supervisory Board SSB composed of Islamic scholars who ensure compliance with Sharia principles. For instance, the Accounting and Auditing Organization for Islamic Financial Institutions AAOIFI sets global Sharia standards.

devere-newzealand.nz: Process and Ethical Implications

The “Our Process” section on the devere-newzealand.nz website suggests a structured approach to client engagement, which is standard for financial advisory firms. This usually involves initial consultation, financial assessment, strategy development, implementation, and ongoing review. While a systematic process is beneficial for clients, the content and outcomes of this process from an Islamic ethical standpoint are critical.

Typical Financial Advisory Process Steps

Most financial advisory firms follow a similar client engagement model: Coravana.com Review

Initial Consultation: Understanding client goals, risk tolerance, and current financial situation.
Data Gathering: Collecting financial statements, income details, expenses, existing investments, and insurance policies.
Analysis and Goal Setting: Analyzing the gathered data to identify gaps and opportunities, and setting clear, measurable financial goals.
Strategy Development: Creating a personalized financial plan that outlines investment strategies, retirement plans, and insurance needs.
Implementation: Putting the plan into action, which involves opening accounts, purchasing investments, or arranging insurance policies.
Review and Adjustment: Periodically reviewing the plan’s performance and making adjustments as life circumstances or market conditions change.

Ethical Review of Each Step Islamic Perspective

While the steps themselves appear neutral, the underlying activities and recommendations at each stage determine their permissibility in Islam.

Initial Consultation & Data Gathering: These steps are generally permissible, as they involve information collection. However, the intent behind collecting data should be for halal financial planning.
Analysis and Goal Setting: If goals include accumulating wealth through riba e.g., maximizing interest income or engaging in gharar e.g., speculative investments, the process immediately becomes problematic.
Strategy Development: This is where the ethical considerations become paramount. A strategy that recommends:
- Conventional Investment Products: Such as mutual funds not screened for Sharia compliance, corporate bonds which involve interest, or stocks of companies dealing in prohibited industries alcohol, gambling, conventional banking.
- Conventional Insurance Policies: Health or life insurance structured with riba or gharar.
- Interest-Based Loans or Mortgages: Advising clients to take out conventional loans.
- According to a 2021 study by the Islamic Development Bank IsDB on global Islamic finance trends, only 1% of global investment funds are Sharia-compliant, highlighting the prevalence of conventional options.
Implementation: Executing the strategy by purchasing non-compliant products renders this step impermissible.
Review and Adjustment: Continuing to manage or advise on non-compliant portfolios or products maintains the ethical issue.

The Problem of “General” Financial Advice

The fundamental issue with devere-newzealand.nz, from an Islamic standpoint, is that it offers “general” financial advice without any stated commitment to Sharia compliance.

In conventional finance, the default often involves elements that are problematic in Islam.

Without explicit filters or alternatives, it’s highly probable that the “process” will lead clients to non-halal solutions.

No Sharia Screening in Process: The website doesn’t mention any internal process for screening investments or products for Sharia compliance.
Presumption of Conventionality: Given the services listed e.g., Health & Life Insurance, Investment Planning, the presumption is that they refer to their conventional, interest-based counterparts unless explicitly stated otherwise.
Client Responsibility: For a Muslim client, it would be their responsibility to explicitly request and verify Sharia compliance for every aspect of the financial plan, which the firm may or may not be equipped to provide.

FAQ

What is devere-newzealand.nz?

Devere-newzealand.nz is the website for deVere New Zealand, a financial advisory firm that offers a range of conventional financial services including investment planning, KiwiSaver advice, retirement planning, health and life insurance, and UK pension transfers.

Is devere-newzealand.nz a legitimate website?

Yes, based on its professional presentation and the detailed services listed, devere-newzealand.nz appears to be a legitimate website for a financial advisory firm operating in New Zealand.

What types of financial services does devere-newzealand.nz offer?

Devere-newzealand.nz offers financial advice, investment planning, KiwiSaver, retirement planning, health and life insurance, and UK pension transfers.

Does devere-newzealand.nz offer Sharia-compliant products?

No, based on the information available on their homepage, devere-newzealand.nz does not explicitly mention or offer any Sharia-compliant financial products or services.

Why is conventional insurance offered by devere-newzealand.nz problematic in Islam?

Conventional insurance is problematic in Islam due to the presence of riba interest in its investment component and gharar excessive uncertainty or speculation in the contract itself, both of which are prohibited in Islamic finance.

What are the alternatives to conventional insurance?

The Sharia-compliant alternative to conventional insurance is Takaful, which is based on principles of mutual cooperation and donation, where participants contribute to a common fund for mutual benefit. Retro1999.com Review

Does devere-newzealand.nz engage in interest-based transactions riba?

Yes, based on its offerings such as conventional investment planning and general financial advice, it is highly likely that devere-newzealand.nz engages in or recommends products that involve interest-based transactions, which are prohibited in Islamic finance.

What are some ethical alternatives for investment planning?

Ethical alternatives for investment planning include platforms like Wahed Invest, Amana Mutual Funds, and Sharia Portfolio, which screen investments for Sharia compliance, avoiding prohibited industries and interest.

How transparent is devere-newzealand.nz about its operations?

The website has a “Disclosure Information” link, which suggests some level of transparency.

However, it doesn’t prominently display specific regulatory licenses or client fund protection details on the main page.

Can I transfer my UK pension to a Sharia-compliant fund through devere-newzealand.nz?

It is highly unlikely, as devere-newzealand.nz does not specify any Sharia-compliant options for pension transfers.

You would need to seek a specialized Islamic financial advisor for such a transfer.

What is the typical fee structure for financial advisors like devere-newzealand.nz?

Financial advisors typically charge a percentage of assets under management AUM, hourly fees, or flat fees for specific services. Commissions on product sales are also common.

Are fees charged by devere-newzealand.nz ethically permissible in Islam?

If the fees are for advice that leads to or facilitates non-Sharia compliant transactions e.g., investment in interest-bearing funds, conventional insurance, then the fees themselves become ethically problematic from an Islamic perspective, even if they are a flat fee for the advice itself.

How can I cancel services with devere-newzealand.nz?

To cancel services, you should review your client agreement, contact deVere New Zealand directly for instructions, and provide written notice of your intent to terminate services and arrange for asset transfers or withdrawals.

What should I do if my existing investments managed by devere-newzealand.nz have accrued interest?

If your investments have accrued interest, some Islamic scholars advise purifying these funds by donating the interest portion to charity. Vigitech.uk Review

This is a personal decision based on individual scholarly interpretation.

Is KiwiSaver offered by devere-newzealand.nz Sharia-compliant?

While KiwiSaver is a beneficial savings scheme, many underlying KiwiSaver funds invest in interest-bearing assets.

Unless a specific Sharia-compliant fund within KiwiSaver is offered and explicitly managed by deVere New Zealand, it is generally not Sharia-compliant.

What is the role of technology in devere-newzealand.nz’s services?

The website states they welcome “disruptive technology and innovation” to deliver faster and more efficient services, but it does not provide specific examples of how this technology is integrated into their financial solutions.

What are the main pros of devere-newzealand.nz from a general perspective?

From a general perspective, the pros include a professional website, a wide range of conventional financial services, and a stated focus on technology and efficiency in service delivery.

What are the main cons of devere-newzealand.nz from an Islamic ethical perspective?

The main cons are its involvement in interest-based transactions riba, conventional insurance gharar, and the complete absence of Sharia-compliant product offerings, making it unsuitable for Muslims seeking ethical financial solutions.

Who is deVere New Zealand regulated by?

While the website mentions “Disclosure Information,” it does not prominently state which specific regulatory body oversees deVere New Zealand on the homepage.

In New Zealand, financial advisors are typically regulated by the Financial Markets Authority FMA.

How does devere-newzealand.nz compare to dedicated Islamic financial advisors?

Devere-newzealand.nz operates within a conventional framework, while dedicated Islamic financial advisors rigorously adhere to Sharia law, offering only halal investment products, Takaful, and advice free from interest and excessive uncertainty.

The fundamental principles and product offerings are vastly different. Lamppuexpress.com Review