Retirement · ShariaPortfolio
ShariaPortfolio PPP - Personal 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 PPP (Personal Pension Plan) is an enhanced RRSP/IPP hybrid for incorporated professionals - physicians, dentists, consultants - offering more contribution flexibility and potentially higher tax-deferred room than an RRSP, sometimes with investment control and creditor protection features. Halal options inside PPP wrappers are effectively nonexistent elsewhere in Canada, making this one of ShariaPortfolio's most distinctive offerings. The plan's portfolio follows full AAOIFI rules - screened equities, sukuk, and Islamic funds only - coordinated with corporate accounts and the owner's personal registered plans. Custody at Fidelity Clearing Canada ULC; fees and minimums by consultation.
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What is the ShariaPortfolio PPP - Personal Pension Plan?
ShariaPortfolio Canada's PPP (Personal Pension Plan) is an enhanced RRSP/IPP hybrid for incorporated professionals - physicians, dentists, consultants - offering more contribution flexibility and potentially higher tax-deferred room than an RRSP, sometimes with investment control and creditor protection features. Halal options inside PPP wrappers are effectively nonexistent elsewhere in Canada, making this one of ShariaPortfolio's most distinctive offerings.
- 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 PPP stacks flexibility on the IPP concept - an RRSP/IPP hybrid with potential creditor protection and greater investment control, here screened to AAOIFI standards, which almost no other Canadian provider offers inside this wrapper. For incorporated professionals the appeal is contribution room beyond RRSP limits with pension-grade creditor protection, coordinated by one firm alongside corporate and personal accounts. Like any corporate pension structure it brings actuarial and administrative complexity a personal account doesn't, the costs of which ShariaPortfolio does not publish, and the oversight model is third-party certification anchored by Shaykh Umer Khan. Best for incorporated owners in BC, Alberta, Ontario, or Quebec who want maximum halal retirement contribution room with more flexibility than a standard IPP.
Strengths
- Enhanced RRSP/IPP hybrid with more flexibility and potential tax advantages
- Can include investment control and creditor protection
- Shariah screening with formal compliance opinions issued
- One of the only halal-managed PPP options in Canada
Watch-outs
- Designed for business owners - not available to regular employees
- Hybrid pension structures add complexity and administration
- No fees or minimums published - pension-structure costs need direct confirmation
Is the ShariaPortfolio PPP - Personal 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 PPP structure lets incorporated professionals build larger halal retirement savings than RRSP limits allow.
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
- Enhanced RRSP/IPP hybrid with more flexibility and potentially higher tax-deferred room
- Can include investment control and creditor protection features
- Halal options inside PPP wrappers are rare in Canada - ShariaPortfolio covers the full registered stack
- Portfolios screened under AAOIFI rules with active or passive strategies
- Custody at Fidelity Clearing Canada ULC; advisors in BC, Alberta, Ontario, and Quebec
- Coordinated with corporate accounts and the owner's personal registered plans
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 PPP - Personal 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
- IPP - Individual Pension Plan
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
- LIRA - Locked-In Retirement Account
Retirement · Wealth Management
- FHSA - First Home Savings Account
Investing · Wealth Management
Where it's available
ShariaPortfolio lists the PPP - Personal 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 PPP - Personal 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 PPP - Personal Pension Plan work?
ShariaPortfolio Canada's PPP (Personal Pension Plan) is an enhanced RRSP/IPP hybrid for incorporated professionals - physicians, dentists, consultants - offering more contribution flexibility and potentially higher tax-deferred room than an RRSP, sometimes with investment control and creditor protection features. Halal options inside PPP wrappers are effectively nonexistent elsewhere in Canada, making this one of ShariaPortfolio's most distinctive offerings.
What does the ShariaPortfolio PPP - Personal 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 PPP - Personal 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 PPP - Personal 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 PPP - Personal 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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