Investing · ShariaPortfolio
ShariaPortfolio Joint Account (Non-Registered)
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 joint account gives two or more investors - typically spouses or family members - shared ownership and access to a single professionally managed halal portfolio. There are no contribution limits, making it the natural next step once both partners' TFSA and RRSP room is used up. The portfolio follows full AAOIFI screening with the group's stricter exclusion list: no interest-paying securities, no preferred shares, and no music, cinema, or broadcasting revenue. Active or passive strategies are available, custody sits at Fidelity Clearing Canada ULC, and all holders get mobile app access. As a non-registered account, investment income is taxable.
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What is the ShariaPortfolio Joint Account (Non-Registered)?
ShariaPortfolio Canada's joint account gives two or more investors - typically spouses or family members - shared ownership and access to a single professionally managed halal portfolio. There are no contribution limits, making it the natural next step once both partners' TFSA and RRSP room is used up.
- 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
ShariaPortfolio Canada's joint account gives couples and families shared ownership of a professionally screened halal portfolio, with every holder able to view and access the account and an advisor relationship behind the allocation - a step up in service from self-directed joint brokerage accounts. The AAOIFI screening is thorough and stricter than most: no interest-paying securities, no preferred shares, and the group's distinctive music/cinema/broadcasting exclusion. It carries no tax shelter, so it makes most sense once both partners' registered accounts are full, and like everything at this firm the fees and minimums are unpublished until you speak to an advisor in BC, Alberta, Ontario, or Quebec. Best for households investing together toward common goals with Shariah screening built in.
Strengths
- Joint ownership and access for two or more investors
- Sharia screening with formal compliance opinions issued
- No contribution limits - usable once registered accounts are maxed
- Custody at Fidelity Clearing Canada ULC, a CIRO-regulated custodian in the Fidelity group
Watch-outs
- Non-registered, so investment income is taxable
- Third-party certification rather than a formal in-house Shariah board
- No fees or minimums published - confirm pricing in the initial consultation
Is the ShariaPortfolio Joint Account (Non-Registered) 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.
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
- Shared ownership and access for two or more investors in one halal portfolio
- No contribution limits - usable once registered accounts are maxed
- Full AAOIFI screening: no interest-paying securities, preferred shares, or excluded industries
- Active or passive managed strategies
- Custody at Fidelity Clearing Canada ULC; advisors in BC, Alberta, Ontario, and Quebec
- Mobile app access for all account holders
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 investing providers we list in Canada, ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| ShariaPortfolio Joint Account (Non-Registered) (this page) | Wealth Management | Third-Party Certified | 4 provinces | — |
| Manzil Joint Account (Non-Registered) | Wealth Management | Formal Board | every province | A |
| Assad Wealth Management Wealth Management | Wealth Management | No Public Review | 10 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 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
- IPP - Individual Pension Plan
Retirement · Wealth Management
- Personal 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 Joint Account (Non-Registered) as available in 4 provinces.
Availability may vary by product and can change; verify with ShariaPortfolio before applying.
Frequently asked questions
Is the ShariaPortfolio Joint Account (Non-Registered) 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 Joint Account (Non-Registered) work?
ShariaPortfolio Canada's joint account gives two or more investors - typically spouses or family members - shared ownership and access to a single professionally managed halal portfolio. There are no contribution limits, making it the natural next step once both partners' TFSA and RRSP room is used up.
What does the ShariaPortfolio Joint Account (Non-Registered) 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 Joint Account (Non-Registered) 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 Joint Account (Non-Registered)?
In the same category we also list Manzil Joint Account (Non-Registered) (HalalWallet Index A), Assad Wealth Management Wealth Management, SPFunds SP Funds S&P World ETF. Compare every option side by side on our Halal Investing hub.
When was this ShariaPortfolio product information last verified?
HalalWallet last verified the ShariaPortfolio Joint Account (Non-Registered) 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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