Build wealth with a smart portfolio that complies with Islamic law.
Our Halal Investing portfolio is a simple and low-cost way to grow your money. Your portfolio is optimized not only for performance, but for companies and investments that comply with Islamic laws. Learn more about the companies we invest in and how they are screened.
All investments are screened by a third-party committee of Shariah scholars
No investment in companies that profit from gambling, arms, tobacco or other restricted industries
No businesses that derive significant income from interest on loans
The Halal Investing portfolio includes 50 stocks selected to track the market as closely as possible and optimize for diversification. Your money is invested in companies around the world to minimize risk and maximize reward.
Helps build long-term wealth alongside your 401(k)s and IRAs. These accounts are taxable but you can withdraw money any time without a penalty.
Save for retirement with the help of a lower income tax bill. All the money you contribute here is deductible.
With this type of account you pay taxes on the money you contribute, but not on the money you earn in the account.
The perfect retirement account for the self-employed. It allows you to contribute more than both Traditional and Roth IRAs.
For accounts with multiple owners, such as married couples and business partners.
For holding assets for a beneficiary, usually used for estate and tax planning.
Are you paying higher fees elsewhere on your IRA or other accounts? You don’t have to. Transfer any accounts with more than $5,000 to Wealthsimple and we’ll cover the transfer fees the other company charges you.
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Insurance and protection - All of our accounts have standard investor protection up to $500k in the case of our insolvency
Powerful backing - Wealthsimple is backed by $200M in investment from some of the world's largest financial institutions
Everything you need to invest like an expert
Wealthsimple Invest – 0.5% fee
Wealthsimple Save – 1.8% annual yield
Expert financial advice
A lower fee and VIP airport lounge access
All Basic plan features
Pay 0.4% fee for Wealthsimple Invest
Financial planning session
VIP airline lounge access
Holistic financial planning designed to build a legacy
All Black plan features
Dedicated team of advisors
In-depth financial planning
Of course! Anyone who is a suitable investor can invest in this portfolio.
Wealthsimple has one version of the Halal Investing portfolio and it can't be customized. We've built a fully diversified portfolio of stocks that complies with Shariah law, constructed by the expert team at MSCI.
We charge the same fees as for our halal portfolio as we do for our regular and socially responsible portfolios: 0.5% up to $100,000, and 0.4% over $100,000. Plus, you get an additional $10,000 managed free for every friend you refer to Wealthsimple!
Halal investing is investing in companies that are in line with Islamic principles of investing. A lot of conventional investment products aren't compliant. For example, profiting off debt is prohibited, so bonds and GICs are off the table for observant muslims. Additionally, halal investing prohibits businesses that profit off certain activities, including alcohol, tobacco, gambling, pork, and weapons, among others.
We use the MSCI Islamic Index Series Methodology to exclude non-Sharia-compliant securities through business activity screening and financial ratio screening. The methodology is approved by MSCI’s Sharia advisors’ committee of Sharia scholars. You can learn more here.
No, it uses individual stocks rather than ETFs. But the process we use to construct our Halal Investing portfolio is very similar to an ETF, which tracks a market index as a whole, rather than trying to pick stocks. The Halal investing portfolio includes 50 stocks selected to track the broad market as closely as possible to maximize our clients' diversification, while complying with Islamic law. See the entire list of stocks here.
Wealthsimple's other portfolios use fixed income (bonds) to lower the overall risk of a portfolio for balanced and conservative investors. Islamic investing principles exclude fixed income, so the Halal Investing portfolio is an all equity portfolio. Equity is more volatile than fixed income, so it is a higher risk Growth portfolio. We recommend keeping more of your assets in cash if you're investing in the Halal Investing portfolio, and speaking with one of our portfolio managers if you have any questions.