Investing · ShariaPortfolio
ShariaPortfolio Wealth Management
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 Access is the flagship wealth-management program of the Lake Mary, Florida specialist behind the SP Funds ETFs: a fee-only, fiduciary separately-managed-account service for clients with $100,000 or more, pairing a dedicated personal advisor with customized AAOIFI-screened portfolios of halal stocks and funds. Clients get exclusive access to SP Funds RE, a 100% cash, zero-mortgage private real estate fund for accredited investors (1.20% annual management fee), plus alternative assets, Schwab custody, and the firm's purification and zakat tooling. Sharia oversight is by named advisor Shaykh Umer Khan, with per-fund certificates on the affiliated ETFs.
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What is the ShariaPortfolio Wealth Management?
ShariaPortfolio Access is the flagship wealth-management program of the Lake Mary, Florida specialist behind the SP Funds ETFs: a fee-only, fiduciary separately-managed-account service for clients with $100,000 or more, pairing a dedicated personal advisor with customized AAOIFI-screened portfolios of halal stocks and funds. 20% annual management fee), plus alternative assets, Schwab custody, and the firm's purification and zakat tooling.
- 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
- $100,000
- Screening method
- AAOIFI standards
- Focus
- Managed Halal Portfolios
- Account types
- Individual, IRA, Roth IRA
- Availability
- all 50 states
- Shariah oversight
- Named Scholar
- Shariah board
- Third Party Certified
- 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
Access is the full-relationship version of ShariaPortfolio: a dedicated advisor, custom AAOIFI-screened portfolios, and the alternatives shelf - notably SP Funds RE, a genuinely debt-free private real estate fund that almost nothing else in the US halal market matches. The firm's two decades of specialization and its role sub-advising the SP Funds ETFs give it institutional depth beyond the typical boutique RIA. Two flags for diligence: fees are tiered and negotiable but not published, so get the schedule in writing and compare against the roughly 1% norm for full-service management; and the sharia function is one well-credentialed mufti (Shaykh Umer Khan, Wharton MSF) plus Imam Omar Suleiman in an ethical-advisory role, rather than a standing multi-scholar board. For six-figure clients who want a hands-on halal advisory relationship, it is among the most complete offerings available.
Strengths
- 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
Watch-outs
- 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
Is the ShariaPortfolio Wealth Management halal?
ShariaPortfolio's flagship Access program is a fee-only, fiduciary SMA for clients with $100,000 or more, and its halal case is structural rather than cosmetic. All portfolios are managed under AAOIFI rules: the business screen removes companies earning over 5% of income from prohibited sources - with music, cinema, and broadcasting on the exclusion list, a stricter line than most competitors draw - and the financial screen caps interest-bearing debt at 30-33% of market capitalization on a trailing 12-month average. Only common stocks and Islamic funds are eligible; preferred shares and interest-paying securities are excluded outright. Compliance is a process, not a snapshot: equities are re-evaluated continuously and anything falling out of compliance is removed at the next quarterly rebalancing, with interim adjustments reserved for material breaches. Oversight is anchored by Shaykh Umer Khan, Sharia Advisor since October 2022 - a mufti (ifta' from Darulifta Birmingham) with a Wharton Master's in Finance and a second Master's in Islamic Finance. Access clients also get exclusive entry to SP Funds RE, a private real estate fund that buys property with 100% cash - no mortgages or interest-bearing debt anywhere in the vehicle - with a published Certificate of Sharia Accreditation (January 2021). The honest caveats: no standing multi-member Shariah supervisory board is named, and specific advisory fee tiers live in the Form ADV rather than on the website.
Shariah oversight disclosed by ShariaPortfolio
ShariaPortfolio manages all investments in accordance with AAOIFI’s Shariah standards, ensuring every portfolio aligns with halal principles and excluding interest-based or prohibited income sources.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Dedicated personal advisor with customized AAOIFI-screened portfolios from $100,000
- Fee-only fiduciary structure; Individual, IRA, and Roth IRA accounts supported; Schwab custody
- Exclusive access to SP Funds RE - a 100% cash, zero-mortgage private real estate fund (accredited investors)
- Stricter-than-typical exclusion list including music, cinema, and broadcasting
- Quarterly rebalancing removes non-compliant holdings; free stock screening and zakat tools included
- Named Sharia Advisor (Shaykh Umer Khan, mufti with a Wharton MSF) oversees the methodology
Cost and terms
$100,000 minimum. Tiered asset-based advisory fee calculated on prior-quarter account value per the firm's Form CRS, with negotiation discretion within tiers; specific tier percentages are not published on the site (crawled 2026-08-05). The affiliated SP Funds RE private real estate fund charges a 1.20% annual management fee (accredited investors, $100K-$1M minimums on private funds).
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| ShariaPortfolio Wealth Management (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 Express
Investing · Wealth Management
- ShariaPortfolio Institutional
Investing · Wealth Management
Where it's available
ShariaPortfolio lists the Wealth Management 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 Wealth Management halal?
ShariaPortfolio's flagship Access program is a fee-only, fiduciary SMA for clients with $100,000 or more, and its halal case is structural rather than cosmetic. 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 Wealth Management work?
ShariaPortfolio Access is the flagship wealth-management program of the Lake Mary, Florida specialist behind the SP Funds ETFs: a fee-only, fiduciary separately-managed-account service for clients with $100,000 or more, pairing a dedicated personal advisor with customized AAOIFI-screened portfolios of halal stocks and funds. 20% annual management fee), plus alternative assets, Schwab custody, and the firm's purification and zakat tooling.
What does the ShariaPortfolio Wealth Management cost?
$100,000 minimum. Tiered asset-based advisory fee calculated on prior-quarter account value per the firm's Form CRS, with negotiation discretion within tiers; specific tier percentages are not published on the site (crawled 2026-08-05). The affiliated SP Funds RE private real estate fund charges a 1.20% annual management fee (accredited investors, $100K-$1M minimums on private funds).
What are the minimums for the ShariaPortfolio Wealth Management?
As published by ShariaPortfolio: minimum investment $100,000. Confirm current requirements with ShariaPortfolio before applying.
Where is the ShariaPortfolio Wealth Management 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 Wealth Management?
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 Wealth Management 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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