Best Halal ETFs in Canada (2026)
Canadian halal ETF investors choose between the only Canadian-listed halal ETF and several US-listed funds - a decision that turns on fees, index methodology, and how withholding tax treats each fund in a TFSA versus an RRSP. Ranked by Shariah oversight, cost, and our published screening verdicts where available.
What is the best halal investing for ETF & index investors?
For ETF & index investors, HalalWallet ranks Manzil highest, scored on Shariah oversight, our published screening verdicts where available, cost, and ease of getting started.
- #1 Manzil (97% match) - passes the AAOIFI screen (published record)
- #2 Wahed (72% match) - passes the AAOIFI screen (published record)
- #3 Wealthsimple (72% match) - passes the AAOIFI screen (published record)
Source: HalalWallet (halalwallet.ca)
- #1
Manzil
Pays HalalWallet: No. Manzil pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Manzil Russell Halal USA Broad Market ETF
97%match
- Screens halal in HalalWallet's published record
- Passes the business-activity screen - no impermissible income
- HalalWallet Index provider grade A- - ranked #1 of 10 graded providers
- Shariah Oversight: Third-Party Certified
- #2
Wahed
Pays HalalWallet: No. Wahed pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Wahed FTSE USA Shariah ETF
72%match
- Screens halal in HalalWallet's published record (reviewed 2026-06-15)
- Passes the business-activity screen - no impermissible income
- Shariah Oversight: Third-Party Certified
- Best for: US halal equity with strong brand recognition
- #3
Wealthsimple
Pays HalalWallet: No. Wealthsimple pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Wealthsimple Shariah World Equity Index ETF
72%match
- Screens halal in HalalWallet's published record (reviewed 2026-07-29)
- Passes the business-activity screen - no impermissible income
- Shariah Oversight: Third-Party Certified
- Best for: The only Canadian-listed halal ETF - CAD-denominated core holding with no US withholding tax drag in a TFSA
- #4
SPFunds
Pays HalalWallet: No. SPFunds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.SP Funds S&P World ETF
70%match
- Screens halal in HalalWallet's published record
- Passes the business-activity screen - no impermissible income
- Shariah Oversight: Third-Party Certified
- Best for: Broadest global halal equity exposure
- #5
Amana Funds
Pays HalalWallet: No. Amana Funds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Amana Equity Income ETF
64%match
- Shariah Oversight: Third-Party Certified
- Actively managed Nasdaq-listed ETF (inception June 24, 2026) at a 0.76% expense ratio, At least 80% of assets in income-producing securities, primarily dividend-paying stocks
- #6
ShariaPortfolio
Pays HalalWallet: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.FHSA - First Home Savings Account
60%match
- Shariah Oversight: Third-Party Certified
- Best for: First-home savers who want the FHSA's tax deduction and tax-free withdrawal without parking the money in interest-bearing GICs or bond funds - and who live in BC, Alberta, Ontario, or Quebec where ShariaPortfolio's advisors operate.
- Tax-deductible contributions and tax-free withdrawals for a qualifying first home, inside a fully AAOIFI-screened portfolio, One of the few halal-managed FHSA options in Canada - halal choices inside this wrapper are rare
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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: 2026-11-01
How to cite this page
Preferred format (HTML):
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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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Editorial Team, HalalWallet
Independent halal finance research