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
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
- 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
- ↑ 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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