Halal Retirement Accounts in Surrey, British Columbia

Manzil

RRSP - Registered Retirement Savings Plan

A

Manzil's RRSP finally lets observant Canadians capture the country's biggest tax deduction without holding interest-bearing funds: contributions are tax-deductible (2026 limit: $33,810 or 18% of prior-year earned income, whichever is lower), unused room carries forward indefinitely, and growth compounds tax-deferred until withdrawal. Corex Financial manages the AAOIFI-screened portfolio - screened equities and halal income assets in place of the bond and GIC allocations conventional RRSP portfolios rely on - under Manzil's named three-scholar Shariah Supervisory Board. The account converts to a RRIF or annuity by December 31 of the year you turn 71, with CIRO-member custody and CIPF coverage.

Manzil

LIRA - Locked-In Retirement Account

A

Manzil's LIRA takes the pension you left behind at a former employer and moves it into halal management: the account holds vested pension transfers only - personal cash contributions are not permitted - with funds generally locked until age 55 and unlocking exceptions for hardship, shortened life expectancy, or small balances. Growth is tax-deferred in AAOIFI-screened portfolios managed by Corex Financial under Manzil's named Shariah Supervisory Board, whose compliance certificates are published in English, French, and Arabic. The account converts to a LIF or life annuity by December 31 of the year you turn 71. Assets sit with CIRO-member custodians covered by CIPF.

Manzil

RRIF - Registered Retirement Income Fund

A

Manzil's RRIF keeps the drawdown years halal: it converts a maturing RRSP, PRPP, or RPP into regular retirement income - no new contributions allowed - with mandatory annual minimum withdrawals beginning the year after opening and amounts above the minimum available any time. The undrawn balance keeps growing tax-deferred in AAOIFI-screened portfolios managed by Corex Financial, drawing income from screened equities and halal instruments rather than the interest-yielding annuities and GICs conventional retirees default to. Manzil's named Shariah Supervisory Board certifies the products, and assets are held with CIRO-member custodians covered by CIPF.

ShariaPortfolio

RRSP - Registered Retirement Savings Plan

B

ShariaPortfolio Canada's RRSP delivers the standard deduction-now, tax-later arithmetic with a fully AAOIFI-screened portfolio behind it: tax-deductible contributions grow tax-deferred, and the conventional bond sleeve that quietly puts most RRSP savers into interest is replaced by sukuk and Islamic funds. Active or passive managed strategies are available, the account converts to a halal-managed RRIF with the same firm at retirement, and the Canadian team runs education webinars on retirement planning and zakat. Custody sits at Fidelity Clearing Canada ULC, advisors serve BC, Alberta, Ontario, and Quebec, and fees are disclosed in the initial consultation.

ShariaPortfolio

LIRA - Locked-In Retirement Account

B

ShariaPortfolio Canada's LIRA accepts locked-in pension transfers from former employers into a Shariah-screened portfolio - converting a conventional, usually bond-heavy pension balance into AAOIFI-compliant management for the locked-in decades until retirement. The portfolio holds screened equities, sukuk, and Islamic funds with no conventional bonds, in active or passive strategies matched to time horizon, and sits alongside RRSP and RRIF accounts in one consolidated halal retirement picture. Withdrawal restrictions are legislated under provincial LIRA rules. Custody is at Fidelity Clearing Canada ULC, with advisors serving BC, Alberta, Ontario, and Quebec.

ShariaPortfolio

PPP - Personal Pension Plan

B

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.

ShariaPortfolio

IPP - Individual Pension Plan

B

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.

ShariaPortfolio

RRIF - Registered Retirement Income Fund

B

ShariaPortfolio Canada's RRIF converts RRSP savings into regular retirement income while keeping the remaining balance Shariah-screened: income is generated from screened equities, Islamic funds, and sukuk rather than the bond interest conventional RRIFs rely on. Required minimum withdrawals are handled by the firm, with active or passive strategies calibrated for drawdown needs and the account visible alongside TFSAs and non-registered accounts in the mobile app. Screening continues through the retirement years, not just accumulation. Custody sits at Fidelity Clearing Canada ULC, and advisors serve BC, Alberta, Ontario, and Quebec. Fees are disclosed in consultation.