Hands-off halal investing
Went with ShariaPortfolio for managed halal investing. They built a diversified portfolio based on my risk profile and handle all the screening. Hands-off which is what I wanted.

Halal Investing in Alberta
ShariaPortfolio Canada's non-registered personal account is for investors who have used their TFSA, RRSP, and FHSA room - or who want unrestricted access to their money - with every dollar still managed under AAOIFI screening. There are no contribution limits or withdrawal restrictions, and the portfolio excludes interest-paying securities, preferred shares, and the group's extended prohibition list including music, cinema, and broadcasting. Choose an active strategy run by portfolio managers or a passive mix of halal ETFs. Gains and income are taxed annually. Custody is at Fidelity Clearing Canada ULC, with advisors in BC, Alberta, Ontario, and Quebec.
A non-registered account for investors who've used their registered room: no caps, no restrictions, with ShariaPortfolio Canada's screening and formal compliance opinions behind the portfolio and a real choice between active management and a passive halal ETF strategy. The AAOIFI screen is stricter than most Canadian alternatives - music, cinema, and broadcasting are excluded alongside interest-based businesses - and incidental impure income is purified quarterly. Annual taxation of gains and income is the unavoidable trade-off of the wrapper, and the firm's unpublished fee schedule means the true cost only emerges in consultation. Best for investors past their TFSA and RRSP limits who want continued halal exposure with an advisor relationship rather than a self-serve app.
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Screening Method
AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excluded
ShariaPortfolio's Personal Account (Non-Registered) is available to investors in Alberta, structured as a Wealth Management. ShariaPortfolio serves 4 provinces, including Alberta.
ShariaPortfolio manages all portfolios - Canadian accounts included - under AAOIFI rules, and the group's religious oversight is anchored by Shaykh Umer Khan, Sharia Advisor since October 2022. His credentials are unusually deep for the role: Shahadah al-'Alimiyyah from Al-Salam Institute, ifta' (the license to issue Islamic legal verdicts) from Darulifta Birmingham - carrying the title of mufti - plus a Master's in Finance from Wharton and a second Master's in Islamic Finance. Fund-level attestation exists for the affiliated SP Funds ETFs, each of which publishes a Certificate of Sharia Accreditation and a Sharia Auditor Report. The honest gap: neither shariaportfolio.com nor shariaportfolio.ca names a standing multi-member Shariah supervisory board - governance runs through AAOIFI adherence, one named advisor, and per-fund certificates. ShariaPortfolio Canada's own team (Anis Rahman, Siddiq Mohamed, Irfan Chaudhry CFA) fronts client education, not religious rulings.
2026-08-05
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4 verified reviews
Went with ShariaPortfolio for managed halal investing. They built a diversified portfolio based on my risk profile and handle all the screening. Hands-off which is what I wanted.
The portfolio construction is thoughtful and the compliance documentation is thorough. Transparently managed - you can see exactly what you're invested in and why it's halal.
Good service. Fees are reasonable for active management. Performance has been in line with my expectations. Nothing flashy, just consistent halal investing.
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
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