Assad Wealth Management vs Wahed
Assad Wealth Management and Wahed 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 Nov 2026
At a glance
- Both are available in all of Canada.
- Assad Wealth Management uses Donor-Advised Fund; Wahed uses Actively managed / Index-based.
- Shariah oversight: Assad Wealth Management discloses No Public Review; Wahed discloses Third-Party Certified.
- HalalWallet Index: Assad Wealth Management holds a B-; Wahed 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 Wahed: 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.
Wahed
Pays us: No. Wahed 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 CanadaWahed: All of Canada
Expense ratio
Assad Wealth Management: Not listedWahed: 0.65% (Wahed Dow Jones Islamic Wo…) · 0.50% (Wahed FTSE USA Shariah ETF)
Structure
Assad Wealth Management: Donor-Advised FundWahed: Actively managed / Index-basedShariah oversight
Assad Wealth Management: No Public ReviewWahed: Third-Party CertifiedShariah board / scholar
Assad Wealth Management: No Public ReviewWahed: third_party_certifiedPublished fatwa / certificate
SameAssad Wealth Management: NoWahed: NoScreening standard
Assad Wealth Management: Published DJIM-style screens: debt <33%, receivables <49%, cash+IBS <33% of market value; non-permissible revenue <5%Wahed: Dow Jones Islamic Market screens; Shariyah Review Bureau as external advisor (Wahed Dow Jones Islamic Wo…) · FTSE Shariah screens certified by Yasaar Limited (Wahed FTSE USA Shariah ETF)
Products listed
Assad Wealth Management: A Donor-Advised Fund (DAF), Wealth ManagementWahed: Wahed Dow Jones Islamic World ETF, Wahed FTSE USA Shariah ETFBest 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.Wahed: International (non-US) halal equity exposureProduct types
Assad Wealth Management: Not listedWahed: ETFTickers
Assad Wealth Management: Not listedWahed: UMMA, HLALHoldings
Assad Wealth Management: Not listedWahed: ~100 (Wahed Dow Jones Islamic Wo…) · ~200 (Wahed FTSE USA Shariah ETF)Focus
Assad Wealth Management: Not listedWahed: Global Large Growth (Wahed Dow Jones Islamic Wo…) · US Large Growth (Wahed FTSE USA Shariah ETF)
HalalWallet Index grade
SameAssad Wealth Management: B-Wahed: B-Assets under management
Assad Wealth Management: Not listedWahed: $298M (2026-11-13) (Wahed Dow Jones Islamic Wo…) · $946M (2026-11-13) (Wahed FTSE USA Shariah ETF)
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
Wahed
- International (non-US) halal exposure in a single ticker
- Dow Jones Islamic Market methodology with ongoing board review
- Complements US-focused ETFs like HLAL and SPUS
- Quarterly purification amounts published
- Formally incorporates ESG data (company claim: first US-listed Islamic ETF to do so)
- Higher expense ratio (0.65%)
- Currency exposure
- Smaller AUM
- Because UMMA trades on a US exchange, currency conversion applies and dividends are reduced 15% by US withholding tax in a TFSA, FHSA, or RESP - RRSP holdings are exempt
- US-focused only
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.Wahed
Pays HalalWallet: No. Wahed 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 optionsEditorial comparisons
How do Assad Wealth Management and Wahed compare for investing?
Assad Wealth Management and Wahed 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; Wahed uses Actively managed / Index-based.
- Shariah oversight: Assad Wealth Management discloses No Public Review; Wahed 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: 2026-11-13
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/assad-wealth-management-vs-wahed, 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
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- We show the range of scholarly opinion on contested questions, with sources.
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:
- 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.
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