Assad Wealth Management vs global growth assets
Assad Wealth Management and global growth assets both offer investing. This page lines up 15 listed data points side by side, with 6 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 Aug 2026
At a glance
- Both are available in all of Canada.
- Assad Wealth Management uses Donor-Advised Fund; global growth assets uses Mutual Funds.
- Shariah oversight: Assad Wealth Management discloses No Public Review; global growth assets discloses Named Scholar.
- HalalWallet Index: Assad Wealth Management holds a B-; global growth assets holds a B-.
- They differ on 6 of the 15 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.
Assad Wealth Management vs global growth assets: the full side-by-side
15 data points from each provider's published materials, lined up row by row. They differ on 6.
Assad Wealth Management
Pays us: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
global growth assets
Pays us: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.15 of 15 rows
Provinces covered
SameAssad Wealth Management: All of Canadaglobal growth assets: All of Canada
Expense ratio
Assad Wealth Management: Not listedglobal growth assets: 2.79% MERManagement fee
Assad Wealth Management: Not listedglobal growth assets: 2.45%Minimum investment
Assad Wealth Management: Not listedglobal growth assets: $500 initial / $25 subsequent
Structure
Assad Wealth Management: Donor-Advised Fundglobal growth assets: Mutual FundsShariah oversight
Assad Wealth Management: No Public Reviewglobal growth assets: Named ScholarShariah board / scholar
Assad Wealth Management: No Public Reviewglobal growth assets: Named ScholarPublished fatwa / certificate
SameAssad Wealth Management: Noglobal growth assets: NoScreening standard
Assad Wealth Management: Published DJIM-style screens: debt <33%, receivables <49%, cash+IBS <33% of market value; non-permissible revenue <5%global growth assets: Dow Jones Islamic Market Titans 100 screens (Ratings Intelligence) plus local IFAB review
Products listed
Assad Wealth Management: A Donor-Advised Fund (DAF), Wealth Managementglobal growth assets: Global Iman FundBest for
Assad Wealth Management: Affluent Canadian Muslim families and business owners who want to organize long-term charitable giving - sadaqa jariah, a family waqf-style fund - through one tax-receipted vehicle, and who will verify fees and the DAF's religious oversight before committing.global growth assets: Canadian mutual fund investors who prioritize a long track record and named, annually renewed Shariah oversight over cost - and who accept a concentrated mega-cap tech tilt and the absence of published purification data.Product types
Assad Wealth Management: Not listedglobal growth assets: Mutual FundHoldings
Assad Wealth Management: Not listedglobal growth assets: 23
HalalWallet Index grade
SameAssad Wealth Management: B-global growth assets: B-Assets under management
Assad Wealth Management: Not listedglobal growth assets: $244M
Strengths and trade-offs
Assad Wealth Management
- Immediate tax receipt when you contribute cash or securities
- Contributed funds stay invested under published halal screens to grow tax-free before granting
- Grants can flow to your chosen registered charities on your own timeline
- Administration by Charitable Impact Foundation (CHIMP), an MNP-audited public foundation
- Family naming or anonymity options - structured as sadaqa jariah / private waqf
- No scholar or committee is named for the Halal DAF specifically; the only verifiable religious governance sits at the underlying Mackenzie fund level
- Two layers of unpublished fees - CHIMP administration plus Assad Wealth management - and no stated minimum
- The 'first and only halal DAF in Canada' claim is unverified marketing with no substantiation or date given
- The practice itself names no Shariah board or scholar - its FAQ references board oversight and its About page cites 'Shariah specialists' without identifying anyone
- No fees, MERs, or minimums published - the fee schedule must be requested in writing
global growth assets
- Disclosed Shari'ah oversight: two named advisory boards and a fatwa renewed June 17, 2026
- 17-year track record - Series A running since March 2009, with 10-year annualized returns of 14.75% to April 2026
- Low $500 minimum, $25 subsequent - accessible in mutual fund format with PACs
- Available across all 10 provinces through ~30 dealers and all major registered plans (RRSP/TFSA/RESP/RRIF/LIRA/LIF)
- FundGrade A+ award winner six consecutive years
- Expensive: 2.79% MER (2.45% management fee) versus roughly 0.5% for halal ETFs like WSHR
- Concentrated: 23 holdings with 66% in the top 10, and 44% in information technology
- No published purification data - investors cannot compute dividend purification from public documents
- The fatwa is published only as a scanned document, and parts of the site carry stale marketing content
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Assad Wealth Management
Pays HalalWallet: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.global growth assets
Pays HalalWallet: No. global growth assets 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 Assad Wealth Management and global growth assets compare for investing?
Assad Wealth Management and global growth assets both offer investing. This page lines up 15 listed data points side by side, with 6 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all of Canada.
- Assad Wealth Management uses Donor-Advised Fund; global growth assets uses Mutual Funds.
- Shariah oversight: Assad Wealth Management discloses No Public Review; global growth assets discloses Named Scholar.
Source: HalalWallet (halalwallet.ca)
Get an email when rates change - Assad Wealth Management vs global growth assets
We'll email you only when Assad Wealth Management or global growth assets changes rates, fees, or province availability.
We only email you when something in this comparison actually changes.
Stay Updated
Get halal investment insights and fund launches
No spam ever. Unsubscribe in one click.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/assad-wealth-management-vs-global-growth-assets, 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.
What HalalWallet is and is not
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.
- We show the range of scholarly opinion on contested questions, with sources.
What we do not do
- We do not lend, hold money, open accounts or take applications. You apply with the provider.
- We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
- We do not give personal financial, legal or tax advice.
Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0
Before you decide, finish with three checks:
- Confirm current terms and halal compliance directly with the provider. Their quote is final.
- Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
- Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.
Spot an error? Report a correction · How we handle corrections