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Best Halal Investing for Self-Directed Canadians (2026)

Self-directed Canadian Muslims typically pair a discount brokerage with a halal screening tool and Shariah-compliant ETFs. These picks - screeners, funds, and platforms - are ranked by Shariah oversight, cost, and our published screening verdicts where available.

What is the best halal investing for self-directed investors?

For self-directed 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 (74% match) - passes the AAOIFI screen (published record)
  • #3 Wealthsimple (74% match) - passes the AAOIFI screen (published record)

Source: HalalWallet (halalwallet.ca)

  1. #1

    Manzil

    Manzil Russell Halal USA Broad Market ETF

    97%

    match

    • Screens halal in HalalWallet's published record
    • Passes the business-activity screen - no impermissible income
    • Halal Money Index grade A - ranked #1 of 10 graded providers
    • Shariah Oversight: Third-Party Certified
    Visit ManzilSee the screening record
  2. #2

    Wahed

    Wahed FTSE USA Shariah ETF

    74%

    match

    • Screens halal in HalalWallet's published record (reviewed 2026-06-15)
    • Passes the business-activity screen - no impermissible income
    • Halal Money Index grade B+ - ranked #2 of 10 graded providers
    • Shariah Oversight: Third-Party Certified
    Visit WahedSee the screening record
  3. #3

    Wealthsimple

    Wealthsimple Shariah World Equity Index ETF

    74%

    match

    • Screens halal in HalalWallet's published record (reviewed 2026-07-29)
    • Passes the business-activity screen - no impermissible income
    • Halal Money Index grade B+ - ranked #3 of 10 graded providers
    • Shariah Oversight: Third-Party Certified
    Visit WealthsimpleSee the screening record
  4. #4

    SPFunds

    SP Funds S&P World ETF

    72%

    match

    • Screens halal in HalalWallet's published record
    • Passes the business-activity screen - no impermissible income
    • Halal Money Index grade B
    • Shariah Oversight: Third-Party Certified
    Visit SPFundsSee the screening record
  5. #5

    ShariaPortfolio

    RESP - Registered Education Savings Plan

    65%

    match

    • Shariah Oversight: Third-Party Certified
    • Best for: Parents and grandparents who want the RESP's government grants and tax deferral working on a child's education fund without compromising on riba - the default RESP portfolios at most institutions are bond-heavy.
    • Education savings with federal government grants layered on top of halal investments, Tax-deferred growth inside a fully AAOIFI-screened portfolio - no bond funds or GICs
    Visit ShariaPortfolio
  6. #6

    global growth assets

    Global Iman Fund

    63%

    match

    • Shariah Oversight: Named Scholar involvement disclosed
    • Best for: Canadian mutual fund investors who prioritize a long track record and named, annually renewed Shariah oversight over cost - and who accept a concentrated mega-cap tech tilt and the absence of published purification data.
    • Invests directly in Dow Jones Islamic Market Titans 100 constituents - 100 of the largest Shariah-screened global companies, Actively managed by UBS Investment Management Canada
    Visit global growth assets

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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: 2026-08-01

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Best Halal Investing for Self-Directed Canadians”, https://www.halalwallet.ca/investing/best/self-directed-investors, retrieved 2026-08-15).

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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.

How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.

Product structures and Shariah oversight vary by provider, so finish with three built-in steps:

  • Confirm current terms and halal compliance directly with the provider - their quote is final.
  • Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
  • Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
HW
HalalWallet Editorial Team

Editorial Team, HalalWallet

Independent halal finance research