Halal Investing
Invest according to your values
Build wealth with a smart portfolio that complies with Islamic law.
Our Halal investing principles
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.
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
How we build your Halal portfolio
We invest your money across the entire stock market using exchange traded funds (ETFs) that are carefully screened to comply with Islamic law, while remaining as diversified as possible to maximize performance.
- WSHR
Shariah-compliant equities in developed markets globally - Gold
Gold provides diversification against equity risk in your portfolio - Non-interest bearing cash
We use non-interest bearing cash to manage the risk level of your portfolio
We built Canada’s first Shariah-compliant ETF
Every company in our fund does not derive more than 5% of their income from alcohol, tobacco, pork-related products, weapons, conventional banking or insurance companies, and adult entertainment.
We included only high-quality global Shariah stocks in a broad set of sectors.
Our fund has been certified by a team of Islamic researchers at Ratings Intelligence Partners
Meet our money experts
Honest - We're what's called a fiduciary. That means we're obligated to give you actionable feedback that's in your best interest, not ours. Schedule a portfolio review.
Human - We're loved for our technology. But we also have smart people to answer any questions or give advice when you need it.
Experienced - Our advisors have thousands of hours of experience advising seasoned, high-net-worth investors, and folks just starting out.
Personal
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.
Traditional IRA
Save for retirement with the help of a lower income tax bill. All the money you contribute here is deductible.
Roth IRA
With this type of account you pay taxes on the money you contribute, but not on the money you earn in the account.
Transfer an account, we'll pay the fees.
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 administrative 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
Benefits and pricing
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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.
Of course! Anyone who is a suitable investor can invest in this portfolio.
| ETF | Symbol | Description |
|---|---|---|
| Wealthsimple Shariah World Equity Index | WSHR | High quality Shariah-compliant developed market stocks in a broad set of sectors |
| SPDR Gold MiniShares | GLDM | Shariah compliant physical gold bullion |
We charge the same fees for our Halal portfolio as we do for our regular and socially responsible portfolios: a 0.5% management fee on your first $100,000 and 0.4% after that. However, the fees charged by the firms that manage the ETFs are modestly higher than the fees for regular ETFs - a weighted average of 0.23% to 0.47% compared with 0.1% to 0.2% for standard Wealthsimple portfolios. There’s a good reason for a higher fee: we have worked closely with Shariah scholars to thoroughly review the ETFs to screen for companies that comply with Islamic law. Wealthsimple collects a portion of that fee for managing the equity ETF.