Investing · ShariaPortfolio
ShariaPortfolio Wealth Management
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, launched in 2017, calls itself Canada's only licensed portfolio management firm fully dedicated to Sharia-compliant investing. Advisors in BC, Alberta, Ontario, and Quebec build active or passive managed portfolios under AAOIFI rules - screened equities, sukuk, and Islamic funds only, with the group's stricter exclusion list that also bars music, cinema, and broadcasting - across the full Canadian registered-account stack: RRSP, TFSA, RESP, RRIF, LIRA, FHSA, and rare halal IPP/PPP wrappers. Custody sits at Fidelity Clearing Canada ULC, service runs in English, French, and Arabic, and a mobile app covers accounts and portfolios. Fees and minimums are not published.
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What is the ShariaPortfolio Wealth Management?
ShariaPortfolio Canada, launched in 2017, calls itself Canada's only licensed portfolio management firm fully dedicated to Sharia-compliant investing. Advisors in BC, Alberta, Ontario, and Quebec build active or passive managed portfolios under AAOIFI rules - screened equities, sukuk, and Islamic funds only, with the group's stricter exclusion list that also bars music, cinema, and broadcasting - across the full Canadian registered-account stack: RRSP, TFSA, RESP, RRIF, LIRA, FHSA, and rare halal IPP/PPP wrappers.
- 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 offers the widest halal account coverage of any Canadian provider - it is the rare firm that will run an AAOIFI-screened FHSA, IPP, or PPP, not just the standard TFSA/RRSP pair - with active and passive managed strategies and custody at Fidelity Clearing Canada. The group's religious oversight is anchored by Shaykh Umer Khan, a mufti with a Wharton Master's in Finance, and its screening applies a stricter exclusion list than most competitors, barring music, cinema, and broadcasting alongside the standard prohibitions. The public listing is light on the two numbers that matter - fees and minimums - so a direct conversation is the necessary first step, and the named advisor bench sits in BC, Alberta, Ontario, and Quebec. Best for Canadian investors who want one advisor relationship covering every account type, managed halal.
Strengths
- Professionally managed portfolios screened by ShariaPortfolio Canada under AAOIFI standards
- Covers the full registered-account stack including rare halal FHSA and IPP/PPP wrappers
- Group Sharia Advisor Shaykh Umer Khan - a mufti with a Wharton Master's in Finance
- Custody at Fidelity Clearing Canada ULC, a CIRO-regulated custodian in the Fidelity group
Watch-outs
- Third-party certification rather than a formal in-house Shariah board
- No fees or minimums published anywhere on shariaportfolio.ca - the fee conversation happens in the consultation
- Advisors serve BC, Alberta, Ontario, and Quebec - thinner coverage elsewhere
Is the ShariaPortfolio Wealth Management 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
- Comprehensive halal wealth management across the full Canadian registered-account stack (RRSP, TFSA, RESP, RRIF, LIRA, FHSA, IPP/PPP)
- All portfolios managed under AAOIFI rules with the group's stricter exclusion list (including music/cinema/broadcasting)
- Active and passive managed solutions
- Custody at Fidelity Clearing Canada ULC, a regulated Canadian custodian
- Named Canadian team (Anis Rahman, Siddiq Mohamed, Irfan Chaudhry CFA, CAIA) with regular education webinars
- Service in English, French, and Arabic; mobile app for iOS and Android
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 Wealth Management (this page) | Wealth Management | Third-Party Certified | 4 provinces | — |
| Manzil Wealth Management | 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
- 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
- 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 Wealth Management as available in 4 provinces.
Availability may vary by product and can change; verify with ShariaPortfolio before applying.
Frequently asked questions
Is the ShariaPortfolio Wealth Management 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 Wealth Management work?
ShariaPortfolio Canada, launched in 2017, calls itself Canada's only licensed portfolio management firm fully dedicated to Sharia-compliant investing.
What does the ShariaPortfolio Wealth Management 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 Wealth Management 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 Wealth Management?
In the same category we also list Manzil Wealth Management (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 Wealth Management 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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For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.