Amana Funds vs ShariaPortfolio
Amana Funds and ShariaPortfolio both offer investing - Amana Funds in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 17 listed data points side by side, with 5 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 Nov 2026
At a glance
- Amana Funds lists all of Canada; ShariaPortfolio lists 4 provinces.
- Amana Funds uses Actively managed; ShariaPortfolio uses Wealth Management.
- Both disclose the same level of Shariah oversight: Third-Party Certified.
- HalalWallet Index: Amana Funds is not yet graded; ShariaPortfolio holds a B-.
- On measurable rows, Amana Funds has the better listed value on 1 and ShariaPortfolio on 0.
- They differ on 5 of the 17 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.
Amana Funds vs ShariaPortfolio: the full side-by-side
17 data points from each provider's published materials, lined up row by row. They differ on 5.
Amana Funds
ShariaPortfolio
Pays us: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.17 of 17 rows
Provinces covered
Amana Funds: All of Canada EdgeShariaPortfolio: 4 provinces
Expense ratio
Amana Funds: 0.76% (Amana Equity Income ETF) · 0.61% (Amana Growth ETF) · 0.91% (Amana Developing World ETF)ShariaPortfolio: Not listedMinimum investment
Amana Funds: 1 share on Nasdaq (fractional at supporting brokers)ShariaPortfolio: Not listed
Structure
Amana Funds: Actively managedShariaPortfolio: Wealth ManagementShariah oversight
SameAmana Funds: Third-Party CertifiedShariaPortfolio: Third-Party CertifiedShariah board / scholar
Amana Funds: third_party_certifiedShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameAmana Funds: NoShariaPortfolio: NoScreening standard
Amana Funds: Saturna Capital Islamic screens, reviewed by Amanie AdvisorsShariaPortfolio: AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excluded
Products listed
Amana Funds: Amana Equity Income ETF, Amana Growth ETF, Amana Developing World ETFShariaPortfolio: 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
Amana Funds: Not listedShariaPortfolio: 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
Amana Funds: ETFShariaPortfolio: Not listedTickers
Amana Funds: AMEI, AMGR, AMEMShariaPortfolio: Not listedHoldings
Amana Funds: 28 (Amana Equity Income ETF) · 30 (Amana Growth ETF)ShariaPortfolio: Not listedAccount types
Amana Funds: Individual, IRA, Roth IRAShariaPortfolio: Not listedFocus
Amana Funds: Global Dividend Equity (active) (Amana Equity Income ETF) · Global Large Growth (active) (Amana Growth ETF) · Emerging Markets (active) (Amana Developing World ETF)ShariaPortfolio: Not listed
HalalWallet Index grade
Amana Funds: Not listedShariaPortfolio: B-Assets under management
Amana Funds: $6.21M (2026-11-12) (Amana Equity Income ETF) · $9.65M (2026-11-12) (Amana Growth ETF) · $5.84M (2026-11-12) (Amana Developing World ETF)ShariaPortfolio: 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
Amana Funds
- The only US halal ETF built around dividend income - no index halal ETF targets this
- Cheaper than the Amana Income Fund's 1.01% Investor class
- Cash held in murabaha and wakala rather than interest-bearing instruments
- Saturna's income strategy dates to 1986
- Cheaper route to the Amana Growth strategy than AMAGX's 0.86% Investor class
- 0.76% expense ratio is well above index halal ETFs (0.40%-0.55%)
- Concentrated: 28 holdings at 11/12/2026; two positions above 10% each at 10/19/2026
- Tiny and new: $6.21M in net assets and no track record before June 2026
- Dividend-focused portfolios carry more residual purification than growth funds
- 0.61% is higher than every index halal ETF (MNZL 0.40%, SPUS 0.45%, HLAL 0.50%)
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.
Amana Funds (3)
- Amana Equity Income ETF · AMEI
- Amana Growth ETF · AMGR
- Amana Developing World ETF · AMEM
Amana Funds
Pays HalalWallet: No. Amana Funds 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 Amana Funds and ShariaPortfolio compare for investing?
Amana Funds and ShariaPortfolio both offer investing - Amana Funds in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 17 listed data points side by side, with 5 differences, so you can see exactly where they part ways before you request quotes.
- Amana Funds lists all of Canada; ShariaPortfolio lists 4 provinces.
- Amana Funds uses Actively managed; ShariaPortfolio uses Wealth Management.
- Both disclose the same level of Shariah oversight: 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: 2026-11-13
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/amana-funds-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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