global growth assets Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
global growth assets is in HalalWallet's independent directory with 1 product we currently list in Investing, using Mutual Funds. We do not invent a contract structure when the listing does not name one. Confirm terms and Shariah documentation with global growth assets.
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Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
global growth assets - At a Glance
1
Products Reviewed
10
Provinces Served
1
Category
Our Verdict
Global Growth's Global Iman Fund publishes real Shariah governance: its June 2026 Shariah brochure names two advisory boards and a compliance fatwa renewed June 17, 2026, though the fatwa is available only as a scanned document and parts of the site carry stale marketing content.
Pros & Cons
What We Like
- The longest halal track record in Canadian mutual funds - operating continuously since March 2009
- Institutional-grade infrastructure: UBS Investment Management Canada as portfolio manager, National Bank Trust as custodian
- Invests directly in (or mirrors) securities from the Dow Jones Islamic Market Titans 100 Index - a globally recognized Shariah-screened universe
- Accessible minimums: $500 initial, $25 subsequent investments
What Could Be Better
- High fees - 2.89% MER on Series A, several times the cost of halal ETFs
- Fatwas endorse the fund's structure, but a formal, publicly disclosed ongoing Shariah advisory board is not clearly presented
- Sold through dealers who make suitability determinations - not available at discount brokers
- Equity-only, concentrated in large-cap names from a 100-stock index universe
Who Is global growth assets Best For?
Investors who prioritize a long, proven halal track record
The Global Iman Fund has operated continuously since 2009 - the longest of any Shariah-compliant fund in Canada
Dealer-channel investors comfortable with mutual-fund pricing
The $500 minimum and dealer distribution make it accessible within advised accounts
Detailed Analysis
The Global Iman Fund, managed by Global Growth Assets Inc. of Richmond Hill, Ontario, is Canada's longest-running Shariah-compliant mutual fund - established as an Ontario unit trust on February 6, 2009 and in continuous operation since March 2009. As of June 30, 2025 the fund held roughly $204M in assets.
The mandate invests in equity securities of companies listed on the Dow Jones Islamic Market Titans 100 Index (or instruments mirroring it), automatically excluding sectors such as alcohol, tobacco, conventional financial services, weapons, entertainment and gambling. Execution is institutional: UBS Investment Management Canada Inc. serves as portfolio manager and National Bank Trust as custodian.
The honest caveats are cost and governance transparency. Series A carries a 2.89% MER - several times the fee of halal ETFs like WSHR or MNZL - and while the fund's structure has received endorsing fatwas, a formal, publicly disclosed ongoing Shariah advisory board is not clearly presented, in contrast to Ratings Intelligence's semi-annual audit regime on Mackenzie's fund. It is also sold only through dealers making suitability determinations, not discount brokerages.
How It Works
The Global Iman Fund is an open-ended mutual fund trust that invests within the Dow Jones Islamic Market Titans 100 Index universe - 100 of the largest global companies passing Dow Jones Islamic Market business-activity and financial-ratio screens - either by holding constituents directly or via instruments mirroring the index, plus other investments deemed Shariah-compliant by an applicable advisory committee.
Invest Through a Dealer
The fund is sold through dealers who make suitability determinations; minimums are $500 initial and $25 additional.
Hold in Registered or Non-Registered Accounts
Units can be held like any Canadian mutual fund, in CAD.
Review Fund Facts Annually
Fund Facts and financial statements at globalgrowth.ca disclose holdings, performance and fees.
Shariah Compliance Review
Oversight Level
Named Scholar - individual scholar endorsement
Global Growth’s Global Iman Fund has received Sharia compliance opinions (fatwas) endorsing its structure, but a formal, publicly disclosed Sharia advisory board and ongoing oversight are not clearly presented.
Global Growth's Global Iman Fund has received Sharia compliance opinions (fatwas) endorsing its structure, but a formal, publicly disclosed Sharia advisory board and ongoing oversight are not clearly presented.
The investable universe - the Dow Jones Islamic Market Titans 100 Index - is maintained under Dow Jones Islamic Market screening methodology.
Shariah compliance should always be verified directly with global growth assets. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
The Global Iman Fund trades on longevity. Whether that justifies its fees depends on how you weigh track record against cost and audit transparency.
Mackenzie's Shariah Global Equity Fund is newer (2024) but carries Ratings Intelligence certification with published semi-annual audits and a purification ratio - stronger ongoing oversight documentation.
vs. Wealthsimple
WSHR offers certified global halal equity at a 0.50% fee - a fraction of the 2.89% Series A MER - if you're comfortable self-directing.
Bottom Line
The Global Iman Fund is Canada's longest-running halal mutual fund (since 2009) with UBS-managed portfolios inside the Dow Jones Islamic Market Titans 100 universe. Its 2.79% Series A MER (May 2026 Fund Facts) is the main trade-off for that track record; Shariah governance is documented, with two named boards and a fatwa renewed June 17, 2026, published as a scanned document.
Products from global growth assets
global growth assets
Global Iman Fund
The Global Iman Fund is Canada's longest-established Shariah global equity mutual fund - Series A has run since March 2009 - with about $244M in assets (Fund Facts, April 30, 2026). UBS Investment Management Canada actively manages a concentrated portfolio of 23 holdings drawn from the Dow Jones Islamic Market Titans 100 universe, 66% of it in the top ten mega-cap names. Cost is the catch: a 2.79% MER, though the management fee was cut from 2.50% to 2.45% in May 2026. Minimums are accessible at $500 initial and $25 subsequent, and the fund is sold through roughly 30 dealers including Questrade, RBC Dominion Securities, and TD Waterhouse.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Where Available
Based on listings we track, global growth assets is listed in the following provinces:
Availability may vary by product type. Always verify current availability directly with global growth assets.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and province availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
global growth assets is in HalalWallet's independent directory for Investing, with listings covering 10 provinces. Structures we list: Mutual Funds. Confirm terms and Shariah documentation directly with global growth assets.
- global growth assets currently has 1 product in our listings (Investing).
- Coverage we list: 10 provinces.
- Contract structures we list: Mutual Funds.
- Always verify compliance directly with global growth assets and consult qualified Islamic finance advisors when needed.
- Compare global growth assets with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.ca)
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: 2026-10-01
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does global growth assets offer?
global growth assets has 1 product we currently list across 1 category. Structures we list: Mutual Funds. global growth assets is best for investors who prioritize a long, proven halal track record; dealer-channel investors comfortable with mutual-fund pricing. Confirm terms directly with global growth assets.
How does global growth assets ensure Shariah compliance?
Global Growth's Global Iman Fund has received Sharia compliance opinions (fatwas) endorsing its structure, but a formal, publicly disclosed Sharia advisory board and ongoing oversight are not clearly presented. The investable universe - the Dow Jones Islamic Market Titans 100 Index - is maintained under Dow Jones Islamic Market screening methodology.
How does global growth assets work?
Invest Through a Dealer: The fund is sold through dealers who make suitability determinations; minimums are $500 initial and $25 additional. Hold in Registered or Non-Registered Accounts: Units can be held like any Canadian mutual fund, in CAD. Review Fund Facts Annually: Fund Facts and financial statements at globalgrowth.ca disclose holdings, performance and fees.
Is global growth assets available in my province?
Based on listings we track, global growth assets is listed in 10 provinces. Availability can vary by product type. Always verify current availability directly with global growth assets.
What are alternatives to global growth assets?
The Global Iman Fund trades on longevity. Whether that justifies its fees depends on how you weigh track record against cost and audit transparency. Mackenzie Investments: Mackenzie's Shariah Global Equity Fund is newer (2024) but carries Ratings Intelligence certification with published semi-annual audits and a purification ratio - stronger ongoing oversight documentation. Wealthsimple: WSHR offers certified global halal equity at a 0.50% fee - a fraction of the 2.89% Series A MER - if you're comfortable self-directing.
Are global growth assets's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact global growth assets?
Visit global growth assets at globalgrowth.ca/Products.html, or use the product links on this page.
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