I have savings for my children just sitting in a Monzo pot. I have lost money already having kept it there for years.
I am looking for some way to invest in their name but still having access if needed.
I cannot store it away like a JISA or trust fund due to my wife’s health condition.
What options are there to do this? Even if it earns a little, that’s fine.
Salaams if you want to invest for them but retain access, you could just simply invest in your own investment account and give them the proceeds when you’re ready. For options, we have a halal investments comparison page: Halal Investing UK - IFG
There’s also an article Mohsin wrote about how he was thinking about saving and investing for his children that you may find helpful: Saving and Investing for Your Children- Muslim Finance | IFG — Islamic Finance Guru