ShariaPortfolio vs Zoya
ShariaPortfolio and Zoya both offer investing - ShariaPortfolio in 4 provinces, Zoya in all of Canada. 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
- ShariaPortfolio lists 4 provinces; Zoya lists all of Canada.
- ShariaPortfolio uses Wealth Management; Zoya uses Stock Screener.
- Shariah oversight: ShariaPortfolio discloses Third-Party Certified; Zoya discloses Named Scholar.
- HalalWallet Index: ShariaPortfolio holds a B-; Zoya holds a B-.
- On measurable rows, ShariaPortfolio has the better listed value on 0 and Zoya on 1.
- 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.
ShariaPortfolio vs Zoya: the full side-by-side
10 data points from each provider's published materials, lined up row by row. They differ on 7.
ShariaPortfolio
Pays us: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Zoya
Pays us: No. Zoya pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.10 of 10 rows
Provinces covered
ShariaPortfolio: 4 provincesZoya: All of Canada Edge
Structure
ShariaPortfolio: Wealth ManagementZoya: Stock ScreenerShariah oversight
ShariaPortfolio: Third-Party CertifiedZoya: Named ScholarShariah board / scholar
ShariaPortfolio: Third Party CertifiedZoya: Named ScholarPublished fatwa / certificate
SameShariaPortfolio: NoZoya: NoScreening standard
ShariaPortfolio: AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excludedZoya: AAOIFI by default - <=5% non-permissible revenue; interest-bearing debt and securities each under 30% of market cap; S&P/MSCI/DJ/FTSE rulebooks on Pro
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 PlanZoya: Sharia Compliance Investment ScreeningBest 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.Zoya: Canadian self-directed investors - especially Wealthsimple and Questrade users - who want scholar-guided compliance verdicts on stocks they already own; note that ETF screening covers US-listed funds only.Product types
ShariaPortfolio: Not listedZoya: Stock Screener
HalalWallet Index grade
SameShariaPortfolio: B-Zoya: 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
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
Zoya
- Sharia screening methodology guided by named scholars, including Sheikh Joe Bradford and Sheikh Umer Khan
- Full compliance reports expose actual ratios and revenue breakdowns - verify rather than trust
- Canadian broker integrations: Wealthsimple and Questrade portfolio sync with compliance alerts
- Pay-what-you-think-is-fair web pricing makes Pro accessible from about $9 USD/month
- A research tool only in Canada - you'll still need a separate brokerage to trade, and Zoya Direct's brokers are US-centric
- ETF and mutual fund screening covers US-listed funds only - no TSX-listed fund verdicts
- Pro subscription required for ratio-level reports, alternative rulebooks, and multiple linked accounts
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
Pays HalalWallet: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Zoya
Pays HalalWallet: No. Zoya 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 ShariaPortfolio and Zoya compare for investing?
ShariaPortfolio and Zoya both offer investing - ShariaPortfolio in 4 provinces, Zoya in all of Canada. 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.
- ShariaPortfolio lists 4 provinces; Zoya lists all of Canada.
- ShariaPortfolio uses Wealth Management; Zoya uses Stock Screener.
- Shariah oversight: ShariaPortfolio discloses Third-Party Certified; Zoya discloses Named Scholar.
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/shariaportfolio-vs-zoya, 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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