ShariaPortfolio
ShariaPortfolio, Inc. is an investment advisory firm registered with the Securities and Exchange Commission (SEC) which was founded in 2003 by Naushad Virji.
History[edit]
Virji Investments, Inc. launched the ShariaPortfolio brand in 2003 that became a separate corporation in 2014.[1][2][3] The firm oversaw over $100 million in assets under management in 2019 with services that include Sharia-compliant wealth management, a robo-adviser and 401(k) and other retirement plans.[1]
The company founded SP Funds Inc. in June 2019 which launched and manages two sharia-compliant ETFs.[4]
ShariaPortfolio Canada, Inc. launched its Sharia-compliant Portfolio Management Services in Canada in 2020 that align with the Muslim faith. Sharia-Portfolio Canada Inc is licensed in the provinces of Ontario, British Columbia and Alberta.[5][6]
The firm launched two Sharia-compliant ETFs under SP Funds, the first family of Sharia-compliant equity and fixed income ETFs in 2019. The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and The SP Funds Dow Jones Global Sukuk ETF (SPSK) are the only two sharia-compliant ETF’s listed on the New York Stock Exchange (NYCE) and managed by SP Funds.[7][8]
Awards/Recognition[edit]
- Winner Best New International/Global Fixed-Income ETF 2019 - SP Funds Dow Jones Global Sukuk ETF (SPSK)[9]
- SP Funds: Global Islamic Finance Awards – SP Funds Dow Jones Global Sukuk ETF (SPSK) winner of GIFA Most Innovative Sukuk Product 2020.[10]
References[edit]
- ↑ 1.0 1.1 "U.S. Islamic investment adviser aims to expand into Canada in 2019". Reuters. 2018-11-20. Retrieved 2020-09-07.
- ↑ Polyak, Ilana (2014-09-07). "Muslim advisors help observant clients invest the Islamic way". CNBC. Retrieved 2020-12-16.
- ↑ September 18; 2013. "Guiding Clients Who Are Guided by Faith". Financial Advisor IQ. Retrieved 2020-12-16. Unknown parameter
|url-status=ignored (help) - ↑ "ShariaPortfolio rolls out portfolio management services in Canada". Private Banker International. 2020-02-10. Retrieved 2020-12-07.
- ↑ Inc, ShariaPortfolio Canada (2020-02-07). "ShariaPortfolio Canada, Inc. Launches Portfolio Management Services in Canada". GlobeNewswire News Room. Retrieved 2020-12-16.
- ↑ "ShariaPortfolio Canada Expands into Alberta as Canadians Favor Socially Responsible Investing". money.yahoo.com. Retrieved 2021-04-26.
- ↑ Kiesche, Liz (2019-12-30). "SP Funds launches two Sharia-compliant ETFs (NYSEARCA:SPUS)". Seeking Alpha. Retrieved 2020-09-07.
- ↑ "SP Funds Launches its First Family of Sharia-Compliant ETFs". finance.yahoo.com. Retrieved 2020-12-17.
- ↑ "Finalists Announced For 2019 ETF.com Awards". etf. Unknown parameter
|url-status=ignored (help) - ↑ "GIFA | Winners". gifaawards.com. Retrieved 2020-12-16.
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