401(k) Plans
The halal solution for 401(k) plans
Turnkey
Plans
Robust
Education &
Advice Tools
Flexible
Employer
Allocations
Tax
Benefits
Essential benefit for companies seeking to attract and retain high-value employees.
ShariaPortfolio’s turnkey 401(k) plans are designed to help your employees save for a more secure retirement. Offering a wide range of halal mutual funds, ShariaPortfolio 401(k) plans may also enable companies and employees to access certain tax advantages.
Sharia-Compliant
401(k) Plans
Islamic law mandates that investments adhere to Sharia, applying a socially-responsible screen to business activities and only accepting companies that receive less than 5% of their total income from non-compliant income sources.
There’s a disconnect between companies and their employees: 74% of 401(k) plan participants want access to ESG funds (Natixis), while less than 8% of company-sponsored retirement plans include even a single ESG fund option on their investment menu (InvestmentNews).
Sharia-compliant investing is a subset of SRI (socially responsible investing) and ESG (environmental, social and governance) investing, allowing your plan participants to achieve their retirement goals while conforming to their personal values.
Convert Your Company’s Plan
Converting your 401(k) plan only takes 15 minutes
Your company can convert your current 401(k) plan to a Sharia-compliant 401(k) plan, managed by ShariaPortfolio, right at your desk in 15 minutes or less. By partnering with ePlan, ShariaPortfolio is able to offer an intuitive online application and retirement solution that is both cost-effective and easy to use.
Two-Month Conversion Timeline:
- 15-Minutes: Online Conversion
- 1-3 Days: Current Platform Termination & Approval
- 30-45 Days: Blackout period
- Asset & Records Transfer, Reconciliation
- 1-2 Days: Asset Investment & Final Data Collection
Omars Sulessiman has joined ShariaPortfolio as an Ethical Advisor. Read More >
Rezwana Abed
Phone: (321) 275-5125
Email: rezwana@shariaportfolio.com
Rezwana holds an undergraduate degree in Environmental Economics and a Master’s degree in Public Policy from UC Berkeley. Rezwana’s previous work experiences extended across nonprofit sectors and academia where she contributed to research, policy analysis, and program evaluation capacities. In addition, she taught undergraduate and high school level economics courses for several years.
While investment advising wasn’t Rezwana’s primary calling, it fast evolved into one of her passions ever since she started to self-educate and took an active role in trying to achieve her own family’s goal of financial security. Rezwana hopes to bring her unique perspective and life experiences to help clients navigate their critical financial decisions with clarity and confidence.
Rezwana was born in Bangladesh and has lived in the United States since 2004. She currently resides in sunny California with her husband and a young daughter. In her spare time, Rezwana enjoys traveling to new places, mastering new DIY crafts, and spending time with family and friends.
Carlos Perez
Phone: 321-275-5125 Ext. 814
Email: carlos@shariaportfolio.com
Carlos Perez is an award winning and nationally recognized Technology Professional with years of IT Infrastructure at the Microsoft Corporation. Principal of Perez Technology Group, Perez is a Microsoft Certified & Dell Certified Professional who specializes on the development of Technology solutions that solve business needs for small and medium size businesses. He has been responsible for the migration, deployment and management of Cloud based solutions across vertical markets including Fortune 100 companies. He has specialized experience in the Finance, Insurance, Marketing, Legal and Health Care industries & delivered IT projects support to Media Agencies & Non-Profit Organizations.
Perez is also a published author and a featured Tech expert on the Hartford Business Journal & the Orlando Business Journal. He has been featured on the Technology publication CRN, The Channel Company, Spectrum News in Florida, WAPA America, Telemundo NBC Universal & New York 1 for his IT expertise. He was awarded the Entrepreneur of the Year award by the Connecticut Minority Supplier Development Council & the Global Entrepreneur of the Year award by The National Foundation for Teaching Entrepreneurship (NFTE). He previously served as a Manager for Microsoft FastTrack Center, a customer success service designed to help customers realize business value with the Microsoft Azure Cloud and Office 365. Perez is a member of the Microsoft Partner Network & studied Business IT at the University of Connecticut.
Siraj Virji
Phone: 321-275-5125
Email: siraj@sp-funds.com
Siraj is an undergraduate student working toward an MBA with a scholarship at Rollins College. Though having spent a few years in Vancouver, Canada, he has spent most of his life living in Orlando, Florida. Siraj also volunteers as a member of his mosque’s outreach team, coordinating events and writing articles.
Having extensive experience with a myriad of coffee machines, Siraj is equipped with all the skills necessary to produce a colleague’s morning latte in a timely manner. All jokes aside, as he works on the organizational aspects of the company, Siraj is an attentive and diligent worker dedicated to growing as an asset in his role.
Siraj Virji
Phone: 321-275-5125
Email: siraj@sp-funds.com
Siraj is an undergraduate student working toward an MBA with a scholarship at Rollins College. Though having spent a few years in Vancouver, Canada, he has spent most of his life living in Orlando, Florida. Siraj also volunteers as a member of his mosque’s outreach team, coordinating events and writing articles.
Having extensive experience with a myriad of coffee machines, Siraj is equipped with all the skills necessary to produce a colleague’s morning latte in a timely manner. All jokes aside, as he works on the organizational aspects of the company, Siraj is an attentive and diligent worker dedicated to growing as an asset in his role.
Shaykh Umer Khan
Phone: 321-275-5125
Email: umer@shariaportfolio.com
Shaykh Umer Khan graduated with the highest marks in his class in his formal Shahādah al-‘Ālimiyyah degree (License in Islamic Scholarship, i.e. ʻālim program) from Al-Salam Institute, authorized by Dar al-ʻUlūm Nadwat al-ʻUlamā', Lucknow, India. He also completed a traditional Dars-e-Niẓāmī dawrah of the six canonical books of ḥadīth. Shaykh Umer completed his iftā' (License to Give Islāmic Legal Verdicts) from Darulifta Birmingham, granting him the traditional title of 'mufti'. He has a Master's in Finance (from Wharton, UPenn) and another Master's in Islamic Finance and he holds several professional certifications and qualifications in Islamic Finance.
Shaykh Umer teaches the Islamic sciences at seminaries (Institute of Knowledge, Al-Salam Institute, and Critical Loyalty), researches and writes fatwās (legal verdicts) for various institutions, and serves as a sharīʻah advisor to a number of companies.
Shaykh Umer will be working to help ShariaPortfolio with developing a more concrete framework for Sharia screening, reviewing our operations and portfolios to have better alignment with AAOIFI guidelines. InshaAllah we hope this helps increase confidence with our clients in regard to Sharia compliance.