Manzil vs ShariaPortfolio
Manzil and ShariaPortfolio both offer investing - Manzil in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 15 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 Nov 2026
At a glance
- Manzil lists all of Canada; ShariaPortfolio lists 4 provinces.
- Both use a Wealth Management structure.
- Shariah oversight: Manzil discloses Formal Board; ShariaPortfolio discloses Third-Party Certified.
- HalalWallet Index: Manzil holds a A-; ShariaPortfolio holds a B-.
- On measurable rows, Manzil has the better listed value on 2 and ShariaPortfolio on 0.
- They differ on 7 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.
Manzil vs ShariaPortfolio: the full side-by-side
15 data points from each provider's published materials, lined up row by row. They differ on 7.
Manzil
Pays us: No. Manzil pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
ShariaPortfolio
Pays us: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.15 of 15 rows
Provinces covered
Manzil: All of Canada EdgeShariaPortfolio: 4 provinces
Expense ratio
Manzil: 0.40%ShariaPortfolio: Not listed
Structure
SameManzil: Wealth ManagementShariaPortfolio: Wealth ManagementShariah oversight
Manzil: Formal BoardShariaPortfolio: Third-Party CertifiedShariah board / scholar
Manzil: Formal BoardShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameManzil: NoShariaPortfolio: NoScreening standard
Manzil: Russell IdealRatings Manzil Halal USA Broad Market IndexShariaPortfolio: AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excluded
Products listed
Manzil: Wealth Management, Personal Account (Non-Registered), Business Account (Non-Registered), TFSA - Tax-Free Savings Account, FHSA - First Home Savings Account, RESP - Registered Education Savings Plan +2 moreShariaPortfolio: 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
Manzil: Individuals investing outside registered accounts - an emergency fund, Hajj savings, a future down payment - who want a managed halal portfolio with no contribution ceiling and money accessible at any time.ShariaPortfolio: 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
Manzil: Investment Platform, ETFShariaPortfolio: Not listedTickers
Manzil: MNZLShariaPortfolio: Not listedHoldings
Manzil: ~480ShariaPortfolio: Not listedFocus
Manzil: Managed Halal Portfolios (Wealth Management) · US Large & Mid Cap (Manzil Russell Halal USA B…)ShariaPortfolio: Not listed
HalalWallet Index grade
Manzil: A- EdgeShariaPortfolio: B-Assets under management
Manzil: $39.96M (2026-11-13)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
Manzil
- Portfolios built to AAOIFI standards and matched to your goals and risk tolerance
- Portfolio management provided by Corex Financial Inc.
- Works across registered and non-registered accounts
- Accessible online and through the Manzil Invest mobile app
- No contribution limits or withdrawal restrictions - invest with full flexibility
- Managed approach means you don't pick individual securities
- Management fees aren't published - the posted $48/year + 0.40% pricing applies to Manzil's US platform, so confirm CAD pricing before signing up
- No published minimum for the wealth management tier - expect a suitability conversation before onboarding
- No tax shelter - gains and investment income are taxable each year
- Limited to Manzil's managed halal portfolio lineup
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.
Manzil (8)
- Wealth ManagementDetails
- Personal Account (Non-Registered)Details
- Business Account (Non-Registered)Details
- TFSA - Tax-Free Savings AccountDetails
- FHSA - First Home Savings AccountDetails
- RESP - Registered Education Savings PlanDetails
- Joint Account (Non-Registered)Details
- Manzil Russell Halal USA Broad Market ETF · MNZLDetails
Manzil
Pays HalalWallet: No. Manzil 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.Manzil vs ShariaPortfolio in other categories
Not sure which is right? Compare all investing providers.
Browse all Investing optionsEditorial comparisons
How do Manzil and ShariaPortfolio compare for investing?
Manzil and ShariaPortfolio both offer investing - Manzil in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 15 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.
- Manzil lists all of Canada; ShariaPortfolio lists 4 provinces.
- Both use a Wealth Management structure.
- Shariah oversight: Manzil discloses Formal Board; 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: 2026-11-13
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/manzil-vs-shariaportfolio-investing, 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.
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