Most Canadian Muslims who want professional help managing their investments face the same problem: conventional advisors don't know halal investing, and the few firms that do know halal investing are hard to find. That's changing. Three legitimate halal wealth management firms now serve Canadian clients: ShariaPortfolio, Assad Wealth Management, and Manzil.
Each takes a different approach to the same goal: growing your wealth within the boundaries of Islamic finance. Understanding what each offers, who they serve, and how their costs compare will help you decide which one fits your situation.
Ready to compare halal options?
What is halal wealth management?
Halal wealth management is investment advisory and portfolio management that excludes interest-bearing assets (bonds, conventional savings products, interest-paying instruments) and companies whose primary business involves alcohol, weapons, tobacco, gambling, or conventional financial services.
In practice, this typically means portfolios built from shariah-screened equities and halal-compliant income alternatives. Some firms also incorporate sukuk (Islamic bonds), shariah-compliant real estate investment structures, or screened ETFs.
ShariaPortfolio
ShariaPortfolio is a nationally available halal investment management firm that focuses specifically on shariah-compliant portfolios for individual investors. They offer discretionary portfolio management, meaning they actively manage your investments within your risk profile and Islamic constraints without requiring you to approve each trade.
Their investment approach centers on shariah-screened equities, and they have a formal process for screening holdings against Islamic finance standards. For investors who want a professionally managed, fully compliant portfolio without managing it themselves, ShariaPortfolio is one of the clearest options in Canada.
They serve clients across Canada and offer registered account options. Contact them directly for current minimum investment thresholds and fee structures, as these can change.
Assad Wealth Management
Assad Wealth Management offers a broader financial planning service that includes halal investment management alongside other wealth planning services. Their approach tends to be more relationship-based and comprehensive than a pure portfolio management firm.
Assad is available across Canada and works with clients on longer-term wealth planning, which can include retirement income planning, estate considerations, and business owner financial planning, in addition to halal portfolio management. For investors who want a more holistic advisory relationship rather than pure portfolio management, Assad is worth exploring.
As with any advisory firm, fee structures and minimums should be confirmed directly. Fees for comprehensive wealth management typically run higher than pure portfolio management, but the additional planning services can justify the difference for the right client profile.
Manzil
Manzil is best known in Canada as a halal home financing provider, but they also offer investment management services in Ontario, Alberta, Newfoundland, and Quebec. Their investment offerings are built around halal-compliant portfolios, and they're accessible through a digital-first platform.
For clients who already use Manzil for home financing and want to consolidate their financial relationships, adding their investment services makes practical sense. Their digital platform tends to be more accessible to younger investors and those who prefer self-directed setup with professional management.
Provincial availability is currently more limited than ShariaPortfolio or Assad Wealth Management, so confirm your province's coverage before starting an application.
How they compare
Geographic coverage: ShariaPortfolio and Assad Wealth Management both serve clients nationally. Manzil's investment services are limited to four provinces as of 2026.
Service scope: Assad Wealth Management offers the broadest scope, including financial planning beyond portfolio management. ShariaPortfolio is a focused portfolio management shop. Manzil bundles investing with home financing as part of a broader product offering.
Platform type: Manzil offers the most digitally accessible experience. ShariaPortfolio and Assad Wealth Management are more traditional advisory relationships. None of the three currently offers a fully self-directed halal investing platform with no advisor involvement.
Best for whom: ShariaPortfolio is the most focused choice for investors who specifically want shariah-compliant discretionary portfolio management. Assad Wealth Management is better for investors who want comprehensive financial planning alongside investment management. Manzil is best for clients who want a single relationship for both home financing and investing.
Should you use a halal wealth manager or invest yourself?
For most investors with less than $50,000 to invest, a low-cost halal ETF approach through a self-directed brokerage account is more cost-effective than paying advisory fees. Our halal investing guide for Canada covers the DIY path in detail.
For investors with larger portfolios, complex financial situations, or those who genuinely don't want to manage their own investments, a professional advisor adds value that justifies the fees. Business owners with significant assets to manage or investors approaching retirement are the clearest use cases.
The halal ETF options for Canadian investors article covers the DIY alternative in detail if you're comparing paths.
Frequently asked questions
Are these firms regulated in Canada?
Yes. ShariaPortfolio, Assad Wealth Management, and Manzil's investment services are subject to Canadian securities regulation. Verify registration status through the Canadian Securities Administrators (CSA) before working with any investment advisor. Registered status is a baseline requirement, not a guarantee of quality, but it's a necessary filter.
What is a typical minimum investment for halal wealth management in Canada?
Minimums vary by firm and can change over time. Some firms have minimums of $25,000 to $50,000; others work with lower amounts. Contact each firm directly for current minimums. If your investable assets are below typical minimums, halal ETFs through a self-directed account are a viable alternative while you build.
Can I use a halal wealth manager for my TFSA or RRSP?
Yes. Registered accounts like TFSAs and RRSPs can hold shariah-compliant investments managed by a halal advisor, provided the account structure is set up correctly. Confirm with your chosen firm that they support registered account management before opening an account.
Is sukuk (Islamic bonds) available through these firms?
Access to sukuk depends on the firm. The Canadian sukuk market is more limited than markets in Malaysia or the UAE, so most Canadian halal wealth managers rely primarily on shariah-screened equities and halal-compliant cash alternatives. Ask each firm directly about their fixed-income equivalent offerings.
Compare providers in your state
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
How do I verify that a firm's portfolio is actually halal?
Ask for their shariah screening methodology and who provides oversight. A legitimate halal investment firm should be able to tell you whether they use an internal shariah board, an external screening service like Zoya or Musaffa (for individual stocks), or another certified framework. If a firm describes itself as halal but can't explain how holdings are screened and monitored, that's a concern.
