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 Quebec
ShariaPortfolio Canada's TFSA puts the account most Canadians should fill first under professional AAOIFI-screened management: completely tax-free growth and withdrawals, with withdrawn amounts restoring contribution room the following year. Instead of the interest-paying savings products TFSAs usually default to, the portfolio holds screened equities, Islamic funds, and sukuk - never conventional bonds, preferred shares, or interest-bearing instruments - in an active or passive strategy matched to your goal. Advisors serve BC, Alberta, Ontario, and Quebec; custody is at Fidelity Clearing Canada ULC; and the mobile app covers accounts in English, French, and Arabic.
ShariaPortfolio Canada brings its screening-and-fatwa approach to the TFSA, the account most Canadians should fill first, replacing the high-interest savings account default with managed portfolios of screened equities, Islamic funds, and sukuk. Growth and withdrawals are entirely tax-free within CRA limits ($7,000 of new room in 2026), and the AAOIFI screen here is stricter than most rivals - music, cinema, and broadcasting are excluded alongside the standard list. The oversight model is third-party certification anchored by group Sharia Advisor Shaykh Umer Khan rather than a standing multi-scholar board, and neither fees nor minimums are published, so budget a consultation before committing. Best for Canadians who want their most flexible tax shelter professionally managed to halal standards.
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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 TFSA - Tax-Free Savings Account is available to investors in Quebec, structured as a Wealth Management. ShariaPortfolio serves 4 provinces, including Quebec.
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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Co-Founder, HalalWallet
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