Musaffa vs ShariaPortfolio
Musaffa and ShariaPortfolio both offer investing - Musaffa in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 10 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 Aug 2026
At a glance
- Musaffa lists all of Canada; ShariaPortfolio lists 4 provinces.
- Musaffa uses Stock Screener; ShariaPortfolio uses Wealth Management.
- Shariah oversight: Musaffa discloses Named Scholar; ShariaPortfolio discloses Third-Party Certified.
- HalalWallet Index: Musaffa holds a B-; ShariaPortfolio holds a B-.
- On measurable rows, Musaffa has the better listed value on 1 and ShariaPortfolio on 0.
- They differ on 7 of the 10 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.
Musaffa vs ShariaPortfolio: the full side-by-side
10 data points from each provider's published materials, lined up row by row. They differ on 7.
Musaffa
Pays us: No. Musaffa 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.10 of 10 rows
Provinces covered
Musaffa: All of Canada EdgeShariaPortfolio: 4 provinces
Structure
Musaffa: Stock ScreenerShariaPortfolio: Wealth ManagementShariah oversight
Musaffa: Named ScholarShariaPortfolio: Third-Party CertifiedShariah board / scholar
Musaffa: Named ScholarShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameMusaffa: NoShariaPortfolio: NoScreening standard
Musaffa: AAOIFI - non-permissible income <=5% of revenue; interest-bearing assets and debt each <=30% of trailing 36-month average market capShariaPortfolio: AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excluded
Products listed
Musaffa: Sharia Compliance Investment ScreeningShariaPortfolio: 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
Musaffa: Canadian investors who want graded, published-methodology halal screening across TSX and global stocks as a research layer over their existing brokerage - Musaffa's trading service itself doesn't serve Canada.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
Musaffa: Stock ScreenerShariaPortfolio: Not listed
HalalWallet Index grade
SameMusaffa: B-ShariaPortfolio: B-
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
Musaffa
- Screening methodology developed under named advisors, including Shaikh Dr. Aznan Hasan and Mufti Faraz Adam
- Dedicated Sharia stock screening platform with C- to A+ graded verdicts and compliance history
- Canadian broker connections: Wealthsimple, Questrade, and Webull Canada for portfolio tracking and purification
- Transparent published methodology with AAOIFI three-ratio formulas
- Research platform only for Canadians - trading happens at your own brokerage, since Musaffa's trading service is US-only
- Foundation plan required for detailed compliance reports and purification - the free tier shows basic status only
- Prices are in USD despite serving Canadian users
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.
Musaffa
Pays HalalWallet: No. Musaffa 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 Musaffa and ShariaPortfolio compare for investing?
Musaffa and ShariaPortfolio both offer investing - Musaffa in all of Canada, ShariaPortfolio in 4 provinces. This page lines up 10 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.
- Musaffa lists all of Canada; ShariaPortfolio lists 4 provinces.
- Musaffa uses Stock Screener; ShariaPortfolio uses Wealth Management.
- Shariah oversight: Musaffa 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: 2026-08-05
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/musaffa-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
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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
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