Defynance vs ShariaPortfolio
Defynance and ShariaPortfolio both offer investing. This page lines up 15 listed data points side by side, with 8 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 Nov 2026
At a glance
- Both are available in all 50 states.
- Defynance uses Closed-end private fund holding income share agreements (accredited investors only); ShariaPortfolio uses Wealth Management.
- Shariah oversight: Defynance discloses No Public Review; ShariaPortfolio discloses Named Scholar.
- HalalWallet Index: Defynance holds a B-; ShariaPortfolio holds a B.
- On measurable rows, Defynance has the better listed value on 0 and ShariaPortfolio on 2.
- They differ on 8 of the 15 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.
Defynance vs ShariaPortfolio: the full side-by-side
15 data points from each provider's published materials, lined up row by row. They differ on 8.
Defynance
Pays us: No. Defynance pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
ShariaPortfolio
Pays us: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.15 of 15 rows
States covered
SameDefynance: All 50 statesShariaPortfolio: All 50 states
Management fee
Defynance: Sales charge on each subscription, recurring servicing fees, a management fee on assets under management, and carried interest on profit. Amounts are in the private placement memorandum, not published.ShariaPortfolio: Not listedMinimum investment
Defynance: $25,000 for accredited investors; $100,000 for qualified purchasers (the manager can make exceptions)ShariaPortfolio: $1,000 (ShariaPortfolio Express) · $100,000 (Wealth Management)
Structure
Defynance: Closed-end private fund holding income share agreements (accredited investors only)ShariaPortfolio: Wealth ManagementShariah oversight
Defynance: No Public ReviewShariaPortfolio: Named ScholarShariah board / scholar
Defynance: No Public ReviewShariaPortfolio: named_scholarPublished fatwa / certificate
SameDefynance: NoShariaPortfolio: NoScreening standard
Defynance: Not listedShariaPortfolio: AAOIFI standards
Products listed
Defynance: Defynance FundShariaPortfolio: ShariaPortfolio Express, Wealth Management, ShariaPortfolio InstitutionalBest for
Defynance: Not listedShariaPortfolio: Quick-start halal investment portfoliosProduct types
Defynance: Private FundShariaPortfolio: Investment PlatformAccount types
Defynance: Not listedShariaPortfolio: Individual, IRA, Roth IRAFocus
Defynance: Not listedShariaPortfolio: Managed Halal Portfolios (ShariaPortfolio Express) · Institutional Halal Portfolios (ShariaPortfolio Institutio…)
HalalWallet Index grade
Defynance: B-ShariaPortfolio: B EdgeFounded
Defynance: 2019ShariaPortfolio: 2003 Edge
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
Defynance
- Returns come from a share of borrowers' income, not from interest
- Investor capital pays off interest-bearing student debt
- Quarterly distributions after the first year
- Defynance reports low volatility and returns it describes as uncorrelated with markets
- No Shariah board, scholar, fatwa or purification guidance is published
- Accredited investors and qualified purchasers only, with a $25,000 minimum
- Fee amounts are disclosed only in the private placement memorandum
- Illiquid: one-year hold, and redemption options are not yet available
- Defynance lists its own startup status and the possibility of agreements defaulting among the risks
ShariaPortfolio
- Low $1,000 minimum opens managed halal investing to newer investors
- Investment models developed by experienced money managers
- AAOIFI-aligned screening with a named Sharia advisor
- Available nationwide in all 50 states
- Comprehensive wealth management under AAOIFI-aligned screening
- 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
- Three broad models rather than customization or individual stock selection
- 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)
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Defynance
Pays HalalWallet: No. Defynance pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.ShariaPortfolio
Pays HalalWallet: No. ShariaPortfolio pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Not sure which is right? Compare all investing providers.
Browse all Investing optionsEditorial comparisons
How do Defynance and ShariaPortfolio compare for investing?
Defynance and ShariaPortfolio both offer investing. This page lines up 15 listed data points side by side, with 8 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Defynance uses Closed-end private fund holding income share agreements (accredited investors only); ShariaPortfolio uses Wealth Management.
- Shariah oversight: Defynance discloses No Public Review; 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: 2026-11-13
How to cite this page
Preferred format (HTML):
https://www.halalwallet.us/compare/defynance-vs-shariaportfolio, retrieved 2026-11-14).For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
What HalalWallet is and is not
Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.
What we do
- We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
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What we do not do
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Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0
Before you decide, finish with three checks:
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- Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
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