Investing · Assad Wealth Management
Assad Wealth Management Wealth Management
Co-Founder & CEO, HalalWallet
Facts are re-verified against Assad Wealth Management's published materials; this page updates when the provider's terms, rates, or coverage change.
Assad Wealth Management is a roughly twelve-person Calgary-based division of IG Wealth Management (CIRO member, CIPF protection) led by Hash Assad, CFP, offering advisor-led halal portfolio construction to high-net-worth Canadian Muslim families across all provinces via secure virtual meetings. The practice publishes exact DJIM-style screening ratios - debt under 33% of market value, receivables under 49%, cash plus interest-bearing securities under 33%, non-permissible revenue under 5% - and anchors its halal shelf on the Mackenzie Shariah Global Equity Fund. No fee schedule, advisory rate, or minimum is published anywhere on the site; pricing follows IG Wealth Management's dealer structure and must be requested in writing.
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What is the Assad Wealth Management Wealth Management?
Assad Wealth Management is a roughly twelve-person Calgary-based division of IG Wealth Management (CIRO member, CIPF protection) led by Hash Assad, CFP, offering advisor-led halal portfolio construction to high-net-worth Canadian Muslim families across all provinces via secure virtual meetings.
- Contract structure: Wealth Management.
- Available in 10 provinces.
- Shariah oversight disclosed: No Public Review.
- Verified against Assad Wealth Management's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.ca)
Key facts
- Structure
- Wealth Management
- Screening method
- Published DJIM-style screens: debt <33%, receivables <49%, cash+IBS <33% of market value; non-permissible revenue <5%
- Availability
- 10 provinces
- Shariah oversight
- No Public Review
- Shariah board
- No Public Review
- Last verified
- 2026-08-05
Facts are taken from Assad Wealth Management's published product materials and were last verified on 2026-08-05. Fields the provider does not publish are omitted rather than estimated.
Our take
Assad Wealth Management offers Canadian Muslims an advisor-led alternative to app-based halal platforms: a CFP-led team of about twelve inside IG Wealth Management's regulated infrastructure, with a published DJIM-style screening methodology and the Ratings Intelligence-certified Mackenzie Shariah Global Equity Fund as its flagship halal vehicle. Two gaps demand due diligence. First, the practice's own claimed 'Shariah board' is unnamed - the only verifiable religious oversight attaches to the Mackenzie fund, not to overall portfolio construction. Second, nothing about cost is public: no advisory fee, no minimum, no MER disclosure beyond fund boilerplate. Best for high-net-worth families who want a personal advisory relationship inside a major dealer and are prepared to ask pointed questions about fees and oversight.
Strengths
- Personalized wealth management with a published two-step halal screening methodology and exact ratio thresholds
- Direct advisor relationship inside a major regulated dealer (IG Wealth Management - CIRO member, CIPF protection)
- Serves clients across all 10 Canadian provinces via secure virtual meetings
- Access to IG's Advanced Financial Planning bench (20+ CPAs and lawyers) plus a ClearEstate partnership for wills and POAs
Watch-outs
- The practice itself names no Shariah board or scholar - its FAQ references board oversight and its About page cites 'Shariah specialists' without identifying anyone
- No fees, MERs, or minimums published - the fee schedule must be requested in writing
- Halal fund shelf is thin: the named halal vehicle is a single Mackenzie fund (Series A MER 2.65%)
Is the Assad Wealth Management Wealth Management halal?
Assad Wealth applies published DJIM-style screens - debt under 33% of market value, receivables under 49%, cash plus interest-bearing securities under 33%, non-permissible revenue under 5%, with a purification formula for incidental income - inside IG Wealth Management's regulated infrastructure. Its flagship halal vehicle, the Mackenzie Shariah Global Equity Fund, carries genuine external oversight: a fatwa and semi-annual audits by Ratings Intelligence Partners with a published annual purification ratio. Note the governance asymmetry: that oversight attaches to the fund only - the practice's claimed 'Shariah board' is unnamed, so ask directly who reviews overall portfolio construction.
Shariah oversight disclosed by Assad Wealth Management
Assad Wealth describes its investment approach as Shariah-compliant but does not publicly disclose a Sharia advisory board, named scholar, or third-party certification.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Advisor-led halal portfolio construction under published DJIM-style screens: debt under 33%, receivables under 49%, cash plus interest-bearing securities under 33%, non-permissible revenue under 5%, with a dividend-purification formula
- Flagship halal vehicle: the Mackenzie Shariah Global Equity Fund, carrying a fatwa and semi-annual audits from Ratings Intelligence Partners
- Operates as a division of IG Wealth Management - CIRO member with CIPF investor protection
- Team of roughly twelve including CFP, CPA (ex-PwC/KPMG), and estate-and-insurance specialists, plus access to IG's Advanced Financial Planning bench
- Canada-wide service by secure virtual meetings from Calgary; estate documents via a ClearEstate partnership
- No fees, MERs, or minimums published - request the fee schedule in writing
Cost and terms
No fee schedule, advisory fee, or minimum published anywhere on assadwealth.ca (site crawled 2026-07-28, rechecked 2026-08-05) - pricing follows IG Wealth Management's dealer fee structure; flagship fund option Mackenzie Shariah Global Equity Fund Series A carries a 2.65% MER; request the fee schedule in writing
How it compares
Other investing providers we list in Canada, ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Assad Wealth Management Wealth Management (this page) | Wealth Management | No Public Review | 10 provinces | — |
| Manzil Wealth Management | Wealth Management | Formal Board | every province | A |
| ShariaPortfolio Wealth Management | Wealth Management | Third-Party Certified | 4 provinces | — |
| SPFunds SP Funds S&P World ETF | Index-based | Third-Party Certified | 10 provinces | — |
| Wahed FTSE USA Shariah ETF | Index-based | Third-Party Certified | 10 provinces | B |
Other Assad Wealth Management products
- A Donor-Advised Fund (DAF)
Investing · Donor-Advised Fund
Where it's available
Assad Wealth Management lists the Wealth Management as available in 10 provinces.
Availability may vary by product and can change; verify with Assad Wealth Management before applying.
Frequently asked questions
Is the Assad Wealth Management Wealth Management halal?
Assad Wealth applies published DJIM-style screens - debt under 33% of market value, receivables under 49%, cash plus interest-bearing securities under 33%, non-permissible revenue under 5%, with a purification formula for incidental income - inside IG Wealth Management's regulated infrastructure. Contract structure: Wealth Management. Shariah oversight disclosed by Assad Wealth Management: No Public Review. HalalWallet reports what the provider documents; we do not certify products.
How does the Assad Wealth Management Wealth Management work?
Assad Wealth Management is a roughly twelve-person Calgary-based division of IG Wealth Management (CIRO member, CIPF protection) led by Hash Assad, CFP, offering advisor-led halal portfolio construction to high-net-worth Canadian Muslim families across all provinces via secure virtual meetings.
What does the Assad Wealth Management Wealth Management cost?
No fee schedule, advisory fee, or minimum published anywhere on assadwealth.ca (site crawled 2026-07-28, rechecked 2026-08-05) - pricing follows IG Wealth Management's dealer fee structure; flagship fund option Mackenzie Shariah Global Equity Fund Series A carries a 2.65% MER; request the fee schedule in writing
Where is the Assad Wealth Management Wealth Management available?
Assad Wealth Management lists this product as available in 10 provinces. Availability can change and may differ by province; verify directly with Assad Wealth Management.
What are the alternatives to the Assad Wealth Management Wealth Management?
In the same category we also list Manzil Wealth Management (HalalWallet Index A), ShariaPortfolio Wealth Management, SPFunds SP Funds S&P World ETF. Compare every option side by side on our Halal Investing hub.
When was this Assad Wealth Management product information last verified?
HalalWallet last verified the Assad Wealth Management Wealth Management details against Assad Wealth Management's published materials on 2026-08-05. Rates, fees, and availability can change after that 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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
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