ShariaPortfolio RESP - Registered Education Savings Plan

Halal Investing in Quebec

ShariaPortfolio Canada's RESP pairs federal education money with halal management: the Canada Education Savings Grant adds 20% on the first $2,500 contributed each year (up to $7,200 lifetime per child), growth compounds tax-deferred, and the portfolio holds no bond funds or GICs - only AAOIFI-screened equities, Islamic funds, and sukuk. Active or passive strategies are matched to the child's timeline, and the Canadian team runs RESP-specific education webinars. Custody sits at Fidelity Clearing Canada ULC, advisors serve BC, Alberta, Ontario, and Quebec, and the mobile app works in English, French, and Arabic. Fees and minimums are not published.

ShariaPortfolio Canada's RESP pairs the grant-and-deferral benefits of education saving with portfolios that carry formal Sharia compliance opinions - solving the standard dilemma where capturing the government's 20% CESG match means accepting a bond-heavy conventional education fund. Here the fixed-income role is filled by sukuk and Islamic funds under AAOIFI rules, with active or passive strategies calibrated to the child's timeline and a named Canadian team that runs education-savings webinars. Oversight runs through third-party certification rather than a standing in-house board, which some families will want to weigh, and fees are only disclosed in consultation. Best for parents and grandparents who want a Shariah-screened education fund with professional management and the grant money captured.