Allied Asset Advisors vs ShariaPortfolio
Allied Asset Advisors and ShariaPortfolio both offer investing. This page lines up 17 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Oct 2026
At a glance
- Both are available in all 50 states.
- Allied Asset Advisors uses Shariah-Screened Mutual Fund; ShariaPortfolio uses Wealth Management.
- Shariah oversight: Allied Asset Advisors discloses Third-Party Certified; ShariaPortfolio discloses Named Scholar.
- HalalWallet Index: Allied Asset Advisors holds a B; ShariaPortfolio holds a B.
- On measurable rows, Allied Asset Advisors has the better listed value on 1 and ShariaPortfolio on 0.
- They differ on 10 of the 17 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Allied Asset Advisors vs ShariaPortfolio: the full side-by-side
17 data points from each provider's published materials, lined up row by row. They differ on 10.
17 of 17 rows
States covered
SameAllied Asset Advisors: All 50 statesShariaPortfolio: All 50 states
Expense ratio
Allied Asset Advisors: 1.29% gross; 0.99% net after the advisor's fee waiver to 0.70% (in effect through 2028-09-30, per the September 30, 2026 prospectus)ShariaPortfolio: Not listedMinimum investment
Allied Asset Advisors: $250 regular accounts; $100 IRAs (Traditional, Roth, SEP, SIMPLE) and Coverdell ESAs; $50 subsequent investmentsShariaPortfolio: $100,000 (Wealth Management) · $1,000 (ShariaPortfolio Express)
Structure
Allied Asset Advisors: Shariah-Screened Mutual FundShariaPortfolio: Wealth ManagementShariah oversight
Allied Asset Advisors: Third-Party CertifiedShariaPortfolio: Named ScholarShariah board / scholar
Allied Asset Advisors: third_party_certifiedShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameAllied Asset Advisors: NoShariaPortfolio: NoScreening standard
Allied Asset Advisors: AAOIFI-standard sector and financial screens with IdealRatings certification; excludes alcohol, tobacco, pork, conventional financials, defense, gambling, pornography, and interest-bearing debtShariaPortfolio: AAOIFI standards
Products listed
Allied Asset Advisors: Iman Fund (IMANX)ShariaPortfolio: Wealth Management, ShariaPortfolio Express, ShariaPortfolio InstitutionalBest for
Allied Asset Advisors: Long-term halal growth investing through IRAs and 401(k) rolloversShariaPortfolio: Self-directed halal wealth managementProduct types
Allied Asset Advisors: Mutual FundShariaPortfolio: Investment PlatformTickers
Allied Asset Advisors: IMANXShariaPortfolio: Not listedAccount types
Allied Asset Advisors: Regular taxable, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA +1 moreShariaPortfolio: Individual, IRA, Roth IRAFocus
Allied Asset Advisors: Not listedShariaPortfolio: Managed Halal Portfolios (Wealth Management) · Institutional Halal Portfolios (ShariaPortfolio Institutio…)
HalalWallet Index grade
SameAllied Asset Advisors: BShariaPortfolio: BFounded
Allied Asset Advisors: 2000 EdgeShariaPortfolio: 2003Assets under management
Allied Asset Advisors: $271.6M total net assets (fund fact sheet, 2026-06-30)ShariaPortfolio: Not listed
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
Allied Asset Advisors
- 25-year track record under one manager, rare in halal investing
- Community ownership pedigree: NAIT, the nonprofit waqf that holds titles for hundreds of US mosques, stands behind the advisor
- Strong recent performance disclosed by the advisor: 29% in 2023 and 20.6% in 2024; $10,000 invested 2016-05-31 grew to $38,048 by 2026-05-31, and the June 30, 2026 fact sheet reports a 39.17% one-year return
- Accessible: $100 IRA minimum and availability inside major brokerage platforms
- No load, no 12b-1; fee waiver keeps net expenses at 0.99% through September 2028
- Net expense ratio of 0.99% is higher than index-style halal competitors such as SP Funds ETFs, and the waiver keeping it there runs through September 2028 and is renewable rather than permanent
- Only one scholar, Sheikh Muzammil Siddiqi (Principal Shariah Advisor), is named on the advisor's site, and the prospectus says Shariah-compliance advice comes from NAIT, the advisor's own parent, rather than an independent board - a thinner disclosure than Amana's or Azzad's
- Concentrated ownership risk disclosed in the prospectus: NAIT owned 50.11% of the fund's shares as of August 31, 2025, and a large NAIT redemption could force untimely sales
- Growth-tilted single-fund strategy with no fixed-income or diversifying sister funds under the same advisor
ShariaPortfolio
- Comprehensive wealth management under AAOIFI-aligned screening
- Individual, IRA, and Roth IRA accounts supported
- Named Sharia advisor (Shaykh Umer Khan) oversees the methodology
- Available nationwide in all 50 states
- Low $1,000 minimum opens managed halal investing to newer investors
- Advisory fee tiers are not published - pricing requires a conversation or the Form CRS
- $100,000 minimum excludes newer investors (the Express tier covers them at $1,000)
- Sharia oversight rests on a named advisor rather than a formal multi-scholar board
- Wrap fee percentage is not published on the website - you have to ask or read the ADV
- Digital-only service with less personal attention than the $100,000 Access tier
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Not sure which is right? Compare all investing providers.
Browse all Investing optionsEditorial comparisons
How do Allied Asset Advisors and ShariaPortfolio compare for investing?
Allied Asset Advisors and ShariaPortfolio both offer investing. This page lines up 17 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Allied Asset Advisors uses Shariah-Screened Mutual Fund; ShariaPortfolio uses Wealth Management.
- Shariah oversight: Allied Asset Advisors discloses Third-Party Certified; ShariaPortfolio discloses Named Scholar.
Source: HalalWallet (halalwallet.us)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-22
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
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.
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