Retirement · ShariaPortfolio
ShariaPortfolio IPP - Individual Pension Plan
Co-Founder & CEO, HalalWallet
Facts are re-verified against ShariaPortfolio's published materials; this page updates when the provider's terms, rates, or coverage change.
ShariaPortfolio Canada's IPP is a corporation-sponsored defined-benefit pension for business owners and key employees - typically older, high-earning incorporated professionals - allowing larger tax-deferred contributions than an RRSP permits. Halal options inside IPP wrappers are rare in Canada; this is one of the few. The plan's portfolio is built under AAOIFI rules from screened equities, sukuk, and Islamic funds, with active or passive strategies matched to the plan's funding needs, and it pairs with corporate and personal accounts under one halal wealth-management relationship. Custody sits at Fidelity Clearing Canada ULC; setup and administration costs require direct consultation.
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What is the ShariaPortfolio IPP - Individual Pension Plan?
ShariaPortfolio Canada's IPP is a corporation-sponsored defined-benefit pension for business owners and key employees - typically older, high-earning incorporated professionals - allowing larger tax-deferred contributions than an RRSP permits. Halal options inside IPP wrappers are rare in Canada; this is one of the few.
- Contract structure: Wealth Management.
- Available in 4 provinces.
- Shariah oversight disclosed: Third-Party Certified.
- Verified against ShariaPortfolio's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.ca)
Key facts
- Structure
- Wealth Management
- Screening method
- AAOIFI - under 5% impure revenue; interest-bearing debt below 30-33% of market cap; music/cinema/broadcasting excluded
- Availability
- 4 provinces
- Shariah oversight
- Third-Party Certified
- Shariah board
- Third Party Certified
- Last verified
- 2026-08-05
Facts are taken from ShariaPortfolio'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
The IPP is a corporate-sponsored defined-benefit plan that lets incorporated professionals shelter more than an RRSP allows - contribution room grows with age, which is why it suits older high-earners - and ShariaPortfolio Canada is one of the only firms that will run one to AAOIFI standards, with sukuk and Islamic funds standing in for the bond allocations that anchor conventional pension portfolios. Setup and administration are meaningfully more involved than a personal account: a corporation must sponsor the plan, actuarial valuations recur, and none of those costs are published. Oversight is third-party certification anchored by Shaykh Umer Khan rather than an in-house board. Best for incorporated business owners past their RRSP limits who want a halal pension structure and accept the administrative overhead.
Strengths
- Higher tax-deferred contribution room than an RRSP
- Defined-benefit structure built for business owners and key employees
- Portfolios screened with formal Sharia compliance opinions
- One of the few halal-managed IPP options in Canada
Watch-outs
- Only suits incorporated professionals - a corporation must sponsor the plan
- More complex to establish and administer than an RRSP
- No fees published - actuarial and administration costs need direct confirmation
Is the ShariaPortfolio IPP - Individual Pension Plan halal?
Managed under AAOIFI standards: portfolios hold only Shariah-screened stocks, sukuk, and Islamic funds - never conventional bonds, preferred shares, or interest-bearing instruments. Companies earning over 5% of revenue from prohibited industries or carrying interest-bearing debt above 30–33% of market capitalization are excluded, residual impure income is purified quarterly, and Shaykh Umer Khan (mufti, Wharton MSF) serves as Sharia Advisor. The IPP is a defined-benefit-style vehicle for business owners, funded entirely with screened holdings.
Shariah oversight disclosed by ShariaPortfolio
ShariaPortfolio Canada provides Sharia screening and compliance review for investment portfolios and issues formal Sharia compliance opinions (fatwas).
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Defined-benefit pension structure allowing larger tax-deferred contributions than an RRSP
- Halal options inside IPP wrappers are rare in Canada - this is one of the few
- Portfolios built under AAOIFI rules: screened equities, sukuk, and Islamic funds only
- Active or passive managed strategies to match the plan's funding needs
- Custody at Fidelity Clearing Canada ULC; advisors in BC, Alberta, Ontario, and Quebec
- Pairs with corporate and personal accounts under one halal wealth-management relationship
Cost and terms
No management fees or account minimums published on shariaportfolio.ca (crawled 2026-08-05) - Canadian pricing is disclosed in the initial consultation; for reference, the US affiliate uses tiered asset-based fees with a $100,000 minimum for its advisor-led Access program and $1,000 for its Express robo tier - confirm CAD fees and minimums directly
How it compares
Other retirement providers we list in Canada, ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| ShariaPortfolio IPP - Individual Pension Plan (this page) | Wealth Management | Third-Party Certified | 4 provinces | — |
| Manzil LIRA - Locked-In Retirement Account | Wealth Management | Formal Board | every province | A |
Other ShariaPortfolio products
- Wealth Management
Investing · Wealth Management
- RESP - Registered Education Savings Plan
Investing · Wealth Management
- TFSA - Tax-Free Savings Account
Investing · Wealth Management
- RRIF - Registered Retirement Income Fund
Retirement · Wealth Management
- Personal Account (Non-Registered)
Investing · Wealth Management
- Joint Account (Non-Registered)
Investing · Wealth Management
- RRSP - Registered Retirement Savings Plan
Retirement · Wealth Management
- PPP - Personal Pension Plan
Retirement · Wealth Management
- LIRA - Locked-In Retirement Account
Retirement · Wealth Management
- FHSA - First Home Savings Account
Investing · Wealth Management
Where it's available
ShariaPortfolio lists the IPP - Individual Pension Plan as available in 4 provinces.
Availability may vary by product and can change; verify with ShariaPortfolio before applying.
Frequently asked questions
Is the ShariaPortfolio IPP - Individual Pension Plan halal?
Managed under AAOIFI standards: portfolios hold only Shariah-screened stocks, sukuk, and Islamic funds - never conventional bonds, preferred shares, or interest-bearing instruments. Contract structure: Wealth Management. Shariah oversight disclosed by ShariaPortfolio: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the ShariaPortfolio IPP - Individual Pension Plan work?
ShariaPortfolio Canada's IPP is a corporation-sponsored defined-benefit pension for business owners and key employees - typically older, high-earning incorporated professionals - allowing larger tax-deferred contributions than an RRSP permits. Halal options inside IPP wrappers are rare in Canada; this is one of the few.
What does the ShariaPortfolio IPP - Individual Pension Plan cost?
No management fees or account minimums published on shariaportfolio.ca (crawled 2026-08-05) - Canadian pricing is disclosed in the initial consultation; for reference, the US affiliate uses tiered asset-based fees with a $100,000 minimum for its advisor-led Access program and $1,000 for its Express robo tier - confirm CAD fees and minimums directly
Where is the ShariaPortfolio IPP - Individual Pension Plan available?
ShariaPortfolio lists this product as available in 4 provinces. Availability can change and may differ by province; verify directly with ShariaPortfolio.
What are the alternatives to the ShariaPortfolio IPP - Individual Pension Plan?
In the same category we also list Manzil LIRA - Locked-In Retirement Account (HalalWallet Index A). Compare every option side by side on our Halal Retirement Accounts hub.
When was this ShariaPortfolio product information last verified?
HalalWallet last verified the ShariaPortfolio IPP - Individual Pension Plan details against ShariaPortfolio'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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