Investing · ShariaPortfolio
ShariaPortfolio Express
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 Express is the robo tier of a boutique halal asset manager founded in 2003 in Lake Mary, Florida - a Sharia-compliant digital wrap program that opens at $1,000 and delivers model portfolios (aggressive, moderate, conservative) designed by the firm's money managers. Screening follows AAOIFI rules including the firm's stricter-than-typical exclusion of music, cinema, and broadcasting, with quarterly compliance rebalancing. Oversight is by named Sharia Advisor Shaykh Umer Khan, a mufti with a Wharton Master's in Finance; automated onboarding feeds a path to upgrade into the advisor-led Access program as assets grow.
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What is the ShariaPortfolio Express?
ShariaPortfolio Express is the robo tier of a boutique halal asset manager founded in 2003 in Lake Mary, Florida - a Sharia-compliant digital wrap program that opens at $1,000 and delivers model portfolios (aggressive, moderate, conservative) designed by the firm's money managers. Screening follows AAOIFI rules including the firm's stricter-than-typical exclusion of music, cinema, and broadcasting, with quarterly compliance rebalancing.
- Contract structure: Wealth Management.
- Available in all 50 states.
- Shariah oversight disclosed: Named Scholar.
- Verified against ShariaPortfolio's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- Wealth Management
- Program type
- Investment Platform
- Minimum investment
- $1,000
- Screening method
- AAOIFI standards
- Focus
- Managed Halal Portfolios
- Account types
- Individual, IRA, Roth IRA
- Availability
- all 50 states
- Shariah oversight
- Named Scholar
- Provider founded
- 2013
- 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
Express answers a fair criticism of halal wealth management - that it starts at six figures - by dropping ShariaPortfolio's entry to $1,000. What you get is real: model portfolios from a 20-year-old specialist firm, AAOIFI screening strict enough to exclude music and cinema revenue, quarterly compliance rebalancing, and free purification tooling via the affiliated SP Funds. What you give up is disclosure convenience: the wrap fee is documented in the Form ADV rather than displayed on the page, which is a needless friction for a product aimed at newer investors. Governance rests on a single named advisor (Shaykh Umer Khan) rather than a multi-scholar board - disclosed plainly, credentialed seriously, but thinner than Wahed's or Amana's setups. A solid on-ramp, especially if you expect to grow into the Access tier.
Strengths
- 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
Watch-outs
- 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
Is the ShariaPortfolio Express halal?
Express is ShariaPortfolio's robo tier - legally a sponsored wrap program documented in the firm's Form ADV Part 2A Appendix 1 - and it runs on exactly the same halal engine as the firm's $100,000+ Access accounts, just with automated onboarding and a $1,000 entry point. Clients choose an aggressive, moderate, or conservative model built by the firm's money managers, and every model is managed under AAOIFI rules: no company earning more than 5% of income from prohibited sources (a list that includes music, cinema, and broadcasting - stricter than most competitors), interest-bearing debt capped at 30-33% of market capitalization on a trailing 12-month average, and no preferred shares or interest-paying securities at all. Holdings are re-evaluated on an ongoing basis, and anything that falls out of compliance is removed at the next quarterly rebalancing with proceeds reinvested in compliant alternatives. Religious oversight is the firm's standard arrangement: Shaykh Umer Khan, Sharia Advisor since October 2022, a mufti with ifta' from Darulifta Birmingham and a Master's in Finance from Wharton. Quarterly purification factors on the affiliated SP Funds ETFs are published with a free calculator so dividend cleansing stays simple. The honest caveats: there is no standing multi-member Shariah supervisory board, and as a wrap program the all-in fee structure lives in the wrap brochure rather than on the marketing page - worth reading before funding.
Shariah oversight disclosed by ShariaPortfolio
Sharia Advisor: Shaykh Umer Khan. AAOIFI-aligned screening methodology used.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Sharia-compliant robo-advisor from $1,000 - a sponsored wrap program under Form ADV Part 2A Appendix 1
- Three risk models (aggressive, moderate, conservative) designed by the firm's money managers
- Full AAOIFI screening including the music/cinema/broadcasting exclusion; quarterly compliance rebalancing
- Named Sharia Advisor (Shaykh Umer Khan) oversees screening across the firm
- Published quarterly purification factors and free calculator for the affiliated SP Funds ETFs
- Automated onboarding with a path to transition into the advisor-led Access program as assets grow
Cost and terms
$1,000 minimum. Express is a sponsored wrap program (Form ADV Part 2A Appendix 1) charged as an asset-based fee; the specific fee percentage is not published on the service page (crawled 2026-08-05) - confirm the current wrap fee before enrolling. The firm's Form CRS describes tiered asset-based fees calculated on prior-quarter account value.
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| ShariaPortfolio Express (this page) | Wealth Management | Named Scholar | all 50 states | — |
| Wahed Invest Robo-Advisor | Robo-Advisor | Third-Party Certified | all 50 states | B+ |
| Manzil Trading (Self-Directed Halal Stock Trading) | Self-directed brokerage with real-time AAOIFI screening (Zoya) | Formal Board | all 50 states | A |
| Musaffa Halal ETF Finder | ETF Screener | Formal Board | all 50 states | — |
| SPFunds SP Funds S&P World ETF | Index-based | Third-Party Certified | all 50 states | B |
Other ShariaPortfolio products
- 401(k)
Retirement · Wealth Management
- Zakat Calculator
Zakat Calculator · Wealth Management
- ShariaPortfolio Institutional
Investing · Wealth Management
- Wealth Management
Investing · Wealth Management
Where it's available
ShariaPortfolio lists the ShariaPortfolio Express as available in all 50 states.
Availability may vary by product and can change; verify with ShariaPortfolio before applying.
Frequently asked questions
Is the ShariaPortfolio Express halal?
Express is ShariaPortfolio's robo tier - legally a sponsored wrap program documented in the firm's Form ADV Part 2A Appendix 1 - and it runs on exactly the same halal engine as the firm's $100,000+ Access accounts, just with automated onboarding and a $1,000 entry point. Contract structure: Wealth Management. Shariah oversight disclosed by ShariaPortfolio: Named Scholar. HalalWallet reports what the provider documents; we do not certify products.
How does the ShariaPortfolio Express work?
ShariaPortfolio Express is the robo tier of a boutique halal asset manager founded in 2003 in Lake Mary, Florida - a Sharia-compliant digital wrap program that opens at $1,000 and delivers model portfolios (aggressive, moderate, conservative) designed by the firm's money managers. Screening follows AAOIFI rules including the firm's stricter-than-typical exclusion of music, cinema, and broadcasting, with quarterly compliance rebalancing.
What does the ShariaPortfolio Express cost?
$1,000 minimum. Express is a sponsored wrap program (Form ADV Part 2A Appendix 1) charged as an asset-based fee; the specific fee percentage is not published on the service page (crawled 2026-08-05) - confirm the current wrap fee before enrolling. The firm's Form CRS describes tiered asset-based fees calculated on prior-quarter account value.
What are the minimums for the ShariaPortfolio Express?
As published by ShariaPortfolio: minimum investment $1,000. Confirm current requirements with ShariaPortfolio before applying.
Where is the ShariaPortfolio Express available?
ShariaPortfolio lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with ShariaPortfolio.
What are the alternatives to the ShariaPortfolio Express?
In the same category we also list Wahed Invest Robo-Advisor (HalalWallet Index B+), Manzil Trading (Self-Directed Halal Stock Trading) (HalalWallet Index A), Musaffa Halal ETF Finder. Compare every option side by side on our Halal Investing hub.
When was this ShariaPortfolio product information last verified?
HalalWallet last verified the ShariaPortfolio Express 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, state availability), please verify directly with the provider's official documentation and note the retrieval date.