Akinda vs ShariaPortfolio
Akinda and ShariaPortfolio both offer investing - Akinda in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 14 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Sep 2026
At a glance
- Akinda lists all of Canada; ShariaPortfolio lists 4 provinces.
- Akinda uses Stock Screener; ShariaPortfolio uses Wealth Management.
- Shariah oversight: Akinda discloses Named Scholar; ShariaPortfolio discloses Third-Party Certified.
- HalalWallet Index: Akinda is not yet graded; ShariaPortfolio holds a B-.
- On measurable rows, Akinda has the better listed value on 1 and ShariaPortfolio on 0.
- They differ on 7 of the 14 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Akinda vs ShariaPortfolio: the full side-by-side
14 data points from each provider's published materials, lined up row by row. They differ on 7.
Akinda
ShariaPortfolio
Pays us: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.14 of 14 rows
Provinces covered
Akinda: All of Canada EdgeShariaPortfolio: 4 provinces
Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/moShariaPortfolio: Not listed
Structure
Akinda: Stock ScreenerShariaPortfolio: Wealth ManagementShariah oversight
Akinda: Named ScholarShariaPortfolio: Third-Party CertifiedShariah board / scholar
Akinda: named_scholarShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameAkinda: NoShariaPortfolio: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21ShariaPortfolio: AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excluded
Products listed
Akinda: Akinda Halal Stock ScreenerShariaPortfolio: Personal Account (Non-Registered), Joint Account (Non-Registered), FHSA - First Home Savings Account, Wealth Management, TFSA - Tax-Free Savings Account, RESP - Registered Education Savings PlanBest for
Akinda: TSX stock pickers who want free AAOIFI ratio mathShariaPortfolio: Investors who have maxed their TFSA, RRSP, and FHSA room - or who want unrestricted access to their money - and still want every dollar managed under AAOIFI screening.Product types
Akinda: Stock ScreenerShariaPortfolio: Not listedAccount types
Akinda: IndividualShariaPortfolio: Not listedFocus
Akinda: Halal Stock ScreeningShariaPortfolio: Not listed
HalalWallet Index grade
Akinda: Not listedShariaPortfolio: B-Founded
Akinda: 2023ShariaPortfolio: Not listed
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
Akinda
- Free tier includes full stock-screener access, not status-only lookups
- Every verdict displays the underlying AAOIFI ratios so users can verify the result
- Named AAOIFI-certified adviser (CSAA): Dr. Muhammad Nazir Khan
- Available worldwide on web, iOS, and Android
- A research tool, not a brokerage - Akinda does not hold client funds, execute trades, or manage portfolios
- Single named scholar rather than a multi-member Shariah supervisory board
- Screening coverage is US, UK, and Canada listed equities, narrower than Musaffa's global universe
- Founded in 2023, so a shorter operating history than Zoya or Musaffa
ShariaPortfolio
- Full flexibility - no contribution limits or withdrawal restrictions
- Portfolios screened with formal Sharia compliance opinions
- Choice of active portfolio management or a passive halal ETF strategy
- Custody at Fidelity Clearing Canada ULC, a CIRO-regulated custodian in the Fidelity group
- Joint ownership and access for two or more investors
- No tax advantages - gains and income are taxed annually
- Third-party certification rather than an in-house formal Shariah board
- No fees or minimums published - confirm pricing in the initial consultation
- Non-registered, so investment income is taxable
- Third-party certification rather than a formal in-house Shariah board
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Akinda
Pays HalalWallet: No. Akinda pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.ShariaPortfolio
Pays HalalWallet: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Not sure which is right? Compare all investing providers.
Browse all Investing optionsHow do Akinda and ShariaPortfolio compare for investing?
Akinda and ShariaPortfolio both offer investing - Akinda in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 14 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.
- Akinda lists all of Canada; ShariaPortfolio lists 4 provinces.
- Akinda uses Stock Screener; ShariaPortfolio uses Wealth Management.
- Shariah oversight: Akinda discloses Named Scholar; ShariaPortfolio discloses Third-Party Certified.
Source: HalalWallet (halalwallet.ca)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-19
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/akinda-vs-shariaportfolio, retrieved 2026-11-14).For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
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Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.
What we do
- We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
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What we do not do
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Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0
Before you decide, finish with three checks:
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- Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
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