ShariaPortfolio vs Wahed
ShariaPortfolio and Wahed both offer investing - ShariaPortfolio in 4 provinces, Wahed in all of Canada. 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
- ShariaPortfolio lists 4 provinces; Wahed lists all of Canada.
- ShariaPortfolio uses Wealth Management; Wahed uses Actively managed / Index-based.
- Both disclose the same level of Shariah oversight: Third-Party Certified.
- HalalWallet Index: ShariaPortfolio holds a B-; Wahed holds a B-.
- On measurable rows, ShariaPortfolio has the better listed value on 0 and Wahed on 1.
- 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.
ShariaPortfolio 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.
ShariaPortfolio
Pays us: No. ShariaPortfolio 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
ShariaPortfolio: 4 provincesWahed: All of Canada Edge
Expense ratio
ShariaPortfolio: Not listedWahed: 0.65% (Wahed Dow Jones Islamic Wo…) · 0.50% (Wahed FTSE USA Shariah ETF)
Structure
ShariaPortfolio: Wealth ManagementWahed: Actively managed / Index-basedShariah oversight
SameShariaPortfolio: Third-Party CertifiedWahed: Third-Party CertifiedShariah board / scholar
ShariaPortfolio: Third Party CertifiedWahed: third_party_certifiedPublished fatwa / certificate
SameShariaPortfolio: NoWahed: NoScreening standard
ShariaPortfolio: AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excludedWahed: 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
ShariaPortfolio: Personal Account (Non-Registered), Joint Account (Non-Registered), FHSA - First Home Savings Account, Wealth Management, TFSA - Tax-Free Savings Account, RESP - Registered Education Savings PlanWahed: Wahed Dow Jones Islamic World ETF, Wahed FTSE USA Shariah ETFBest for
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.Wahed: International (non-US) halal equity exposureProduct types
ShariaPortfolio: Not listedWahed: ETFTickers
ShariaPortfolio: Not listedWahed: UMMA, HLALHoldings
ShariaPortfolio: Not listedWahed: ~100 (Wahed Dow Jones Islamic Wo…) · ~200 (Wahed FTSE USA Shariah ETF)Focus
ShariaPortfolio: Not listedWahed: Global Large Growth (Wahed Dow Jones Islamic Wo…) · US Large Growth (Wahed FTSE USA Shariah ETF)
HalalWallet Index grade
SameShariaPortfolio: B-Wahed: B-Assets under management
ShariaPortfolio: Not listedWahed: $298M (2026-11-13) (Wahed Dow Jones Islamic Wo…) · $946M (2026-11-13) (Wahed FTSE USA Shariah ETF)
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
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
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.
ShariaPortfolio (6)
ShariaPortfolio
Pays HalalWallet: No. ShariaPortfolio 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 ShariaPortfolio and Wahed compare for investing?
ShariaPortfolio and Wahed both offer investing - ShariaPortfolio in 4 provinces, Wahed in all of Canada. 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.
- ShariaPortfolio lists 4 provinces; Wahed lists all of Canada.
- ShariaPortfolio uses Wealth Management; Wahed uses Actively managed / Index-based.
- 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/shariaportfolio-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.
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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