About ShariaPortfolio

A boutique asset management firm specializing
in socially responsible and halal investing

ABOUT

FAQs

About

ShariaPortfolio

At ShariaPortfolio, we offer professionally managed investment solutions that help Muslims achieve their life goals while honoring their personal values. We know that our clients have unique financial needs so we provide a full range of investment options, including our digital Express robo-advisor, Access personal wealth management services, 401(k) retirement plans and our Institutional service for advisors who wish to offer halal options to their clients.

With over 15 years of experience working in diverse market conditions, we apply a rigorous research and analytics approach to wealth management, focusing on value investing for long-term results. ShariaPortfolio is pleased to offer its brand of Sharia-compliant investment services in many countries around the world.

Sharia-Compliant Investing

ShariaPortfolio manages all portfolios in accordance with the rules determined by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Our investment choices are Sharia compliant, or halal, which means they are permissible under Islamic guidelines.

To be Sharia compliant, companies and investments must pass several screens for permissible asset classes and business activities. Stocks and Islamic ETFs are eligible for Sharia compliance consideration but preferred shares and interest-paying securities are not. A business activities screen excludes companies that derive more than five percent of their total income from non-compliant income sources.

Non-Compliant Income Sources:

Alcohol
Gambling
Weapons
Tobacco
Adult Entertainment

Pork Products
Highly-leveraged Businesses
Interest-Based Businesses
Music, Cinema or Broadcasting

Our Team

Experienced and trusted professionals working diligently to determine suitable investment strategies
and build custom portfolios that adhere to Islamic principles and personal values.

Is there a minimum initial investment to open an account with ShariaPortfolio?

To open an account with our digital Express robo-advisor, the minimum initial amount is $1,000. For our Access personal wealth management service, the minimum initial amount is $100,000. Please note that this can include several accounts with ShariaPortfolio. For example, you may have a rollover IRA, a joint account and an education savings account with us that, together, come to a total of $100,000 or more. Our advisors look forward to working with you to achieve your financial goals!

What do your services cost?

We charge a flat management fee, which ranges between 0.40 percent to 1.50 percent per year, depending on the amount of assets being managed and the type of service provided. Unlike many other advisors, we do not charge fees for making trades nor do we take commissions from mutual fund companies. We are also fiduciaries, which means that we are legally obligated to place our clients’ interests first. At ShariaPortfolio, you can rest assured that you’ll receive unbiased advice and expertise.

How do I know my money is safe with your firm?

ShariaPortfolio uses reputable custodians, such as TD Ameritrade, to hold your portfolio. Clients have 24/7 access to their accounts with no long-term commitments. Your money will be managed according to your objectives, risk tolerance and preferences.

What are the Sharia guidelines used to screen global equities?

The Sharia guidelines are based on the rules determined by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), a global Islamic finance standards-setting body, governed by an international panel of highly respected Sharia scholars, and are as follows:

Asset classes

Only stocks and Islamic ETFs are eligible for Shariah-compliance consideration. Preferred shared are considered to be non-compliant.

Business activities screens

Companies are only to be considered compliant from a business perspective if the cumulative revenue from non-compliant activities and non-operating interest income does not exceed 5% of their total income. Non-compliant income sources include the following:

Alcohol
Gambling
Weapons
Tobacco
Adult Entertainment
Pork Products
Highly-leveraged Businesses
Interest-Based Businesses
Music, Cinema or Broadcasting

Financial screens

The following screens have to be fulfilled to ensure Sharia-compliance according to the defined rules:

Interest-bearing debt divided by 12-month average market capitalization should be less than 30%
Cumulative revenue from non-compliant activities and non-operating interest income should not exceed 5% of total income
Cash, cash equivalents and short-term investments divided by the 12-month average market capitalization should be less than 30%

What is the difference between ShariaPortfolio and a mutual fund?

ShariaPortfolio offers a comprehensive solution to investing that includes a variety of Sharia-compliant stocks and mutual funds. You can think of mutual funds as products being offered by investment companies. Financial advisors like ShariaPortfolio offer services whereby they help investors by managing their investments, which may include mutual funds and individual stocks.

Can I choose some of the stocks to add to my portfolio?

Yes. We’re pleased to offer a fully customized solution for your investment needs through our Access personal wealth management service. You can request that we add a stock or fund to your portfolio anytime.

How long has ShariaPortfolio been around?

ShariaPortfolio, Inc. is an investment advisory firm registered with the Securities and Exchange Commission. Virji Investments, Inc. launched the ShariaPortfolio brand in 2003. After years of successful growth, ShariaPortfolio became a separate corporation in 2014. The firm now has clients in more than 25 states and around the world.

Aliredha Walji

Phone: (321) 275-5125 x 811

Email: aliredha@shariaportfolio.com

Aliredha Walji is the CEO of ShariaPortfolio Inc. He leads the advisor team and oversees all aspects of the US operations including serving as the company’s Chief Compliance Officer. He has been featured in both Forbes and US News and World Report, and has served as the US Correspondent for Islamic Finance News.

Aliredha joined ShariaPortfolio in 2014 from Wells Fargo. He graduated from the University of Minnesota and obtained a Masters of Business Administration from Crown College, a faith-based institution. Aliredha believes we all have a role to play to make this world a better place and is thankful for the opportunity to make positive contributions to benefit society through his work each and every day.

Farhat Shirazi

Phone: (321) 275-5125 x 817

Email: farhat@shariaportfolio.com

Farhat Shirazi serves as the Client Service Manager at ShariaPortfolio. Having spent a few years as a top performing client service associate herself, Farhat is well-informed regarding the detailed processes of the department. She also cares deeply about ShariaPorfolio’s clients and strives to ensure their service requests are taken care of in a timely and professional manner. Even as an associate, Farhat was instrumental in training new team members and providing support to colleagues, effectively helping to run an efficient Client Service department. When she is not sharing her insight and expertise at ShariaPortfolio, Farhat likes to travel and spend time with her family.

Salaudeen Nausrudeen

Phone: 321-275-5125 Ext. 826

Email: salaudeen@shariaportfolio.com

Salaudeen Nausrudeen is purpose driven marketing executive with 15 years of experience successfully implementing fresh ideas for companies eager to grow in the Islamic Finance space. Creative visionary with the ability to blend new technologies with marketing concepts to engage consumers and expand business reach. Salaudeen is a specialist in marketing and branding in the Islamic Finance and sports marketing.

Ishaq Mohiuddin

Phone: (321) 275-5125 x 806

Email: ishaq@shariaportfolio.com

Ishaq Mohiuddin earned an MBA from Northern Illinois University. He has a long history in financial services in various capacities. He also has experience with corporate America working at Kraft Foods and Motorola. Ishaq is ShariaPortfolio’s Senior Investment Advisor servicing the Chicago area.

Ishaq believes strongly in giving back to the community and volunteers his time in many worthwhile endeavors. He has done motivational speaking at Chicago public schools. He worked as a Sunday school principal with 250 students and 40 teachers under his leadership. Ishaq offered financial seminars at the Waukegan UMMA Center for under-privleged residents.

Allan Paull

Phone: (321) 275-5125 x 804

Email: allan@shariaportfolio.com

Allan has spent more than 20 years working in the financial services industry. The knowledge he has gained from his hands-on training and experience working in the financial field has proven, in many cases, more beneficial than anything learned from college text books. Allan is ShariaPortfolio’s Senior Investment Advisor servicing our Tampa, Florida area clients.

Allan and his wife live in the Wesley Chapel area on the northern side of Tampa, Florida. When Allan is not helping his client’s achieve their financial goals, you can usually find him at one of the area’s beautiful golf courses.

Shafaq Kazi

Phone: (321) 275-5125 x 818

Email: shafaq@shariaportfolio.com

Shafaq Kazi (BS Chemistry) started her career as a Course Counselor for a software company. She has taught high school Math/Science in US private and public schools. Shafaq spent 5 years as a Team lead at Bayyinah TV where she wore many hats including but not limited to Customer Care, Daily Operations, Website & CRM Management. She has always been involved with volunteerism in different capacity. Shafaq lead educational classes and motivational talks at local community center, using multimedia and visual aids to enhance learning experience for women.

Attention to detail, empathy and good listening skills are some of the talents that women can bring to investment advising yet they continue to be under-represented in this field. Shafaq hopes to see this change in near future.

Shafaq has recently moved from the eclectic city of Austin to Houston, TX. Shafaq is happily married with two adult children. She is an avid reader and considers herself a seeker of knowledge.

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.

Aliasgher Walji

Phone: 321-275-5125

Email: aliasgher@shariaportfolio.com

Aliasgher is an undergraduate that will be receiving his degree in Individualized Studies from Metropolitan State University with a focus area in Psychological and Managerial Sciences. He has work experience in both corporate environments at Wells Fargo Home Mortgages as well as within the startup environment whereby he has analyzed company goal areas and created sequential workflows to achieve those objectives.

His primary goal has always been to determine how he can best be of assistance to others and investment advising within this niche environment has fast become a passion that fell into his lap that enables him to do just that. This environment has enabled him to speak to many different types of people and identify what their needs are and then co-creating a plan of action on how to achieve their desired outcomes. His strengths in listening and understanding other’s motivations, alongside his analytical skills, serve him as assets that mix the best of both worlds in terms of human inclinations and business ventures.

Aliasgher was born in Kenya but has lived in Minnesota since 2003. Within his free time, he loves to read any and all books, take random online courses, and spend time with his family and friends

Mamoon Khalid

Phone: 321-275-5125
Email: mamoon@shariaportfolio.com

Mamoon Khalid is an Honors Academic Excellence Scholarship undergraduate student at The University of Texas at Dallas, pursuing a B.S. in Finance. He has a passion for equity markets and has experience day and swing trading on the U.S. stock market for four years through the interactive brokers mosaic platform. After completing his degree, he hopes to work in the sharia-compliant investment analytics side of finance.

He has also worked at R.A. Consultants, a pharmaceutical consultancy firm that prepares documents for approval for drugs per DRAP regulations. Additionally, he founded the Feed the Homeless in Downtown Dallas program, which has distributed nearly 20,000 meals. Mamoon hopes that his experience offers new insight into halal and ethical investments at ShariaPortfolio.

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.

Murtaza Kermalli

Phone: (321) 275-5125 x 805

Email: murtaza@shariaportfolio.com

Murtaza joined ShariaPortfolio, Inc in 2007 as the Accounting Manager.

Murtaza has 15 years of experience in the Banking sector and 12 years of experience in the Insurance industry. He has worked in Tanzania, Kuwait and Pennsylvania, USA before moving to Florida. He acquired a Diploma in Banking while working for The Commercial Bank of Kuwait, and has also earned a Bachelor’s Degree in Accounting from De Sales University in Pennsylvania.

Murtaza has three children and ten grandchildren. His motto is: Do it right the first time.

Fatema H. Alidina

Phone: (321)-275-5125

Email: fatema@shariaportfolio.com

Fatema Alidina graduated the University of California, Santa Barbara in 2010 with Bachelor of Arts Degrees in Communication, and Sociology. She worked at Omnicom Media Group as a Strategist before joining ShariaPortfolio, USA in 2014 where she worked as a Marketing Associate and Client Services Manager. Fatema rejoined SP Funds as the Executive Assistant to Naushad Virji in 2019. With communication, professionalism and faith at the heart of her career, Fatema considers herself a chameleon and has the ability to seamlessly contribute to many different aspects of SP Funds’ sprawling brand. In her spare time, Fatema enjoys yoga, traveling, and spending time with her three children.

Lori Sabino

Phone: (321) 275-5125 x 819

Email: lori@shariaportfolio.com

Lori Sabino is a client service associate for ShariaPortfolio, based in Lake Mary, Florida. Lori has over 30 years of customer service in the retail and financial industries and obtained her BA in business administration management from the Florida Institute of Technology. She is outgoing and is very passionate about helping others and making a difference in people’s lives. In her spare time, she volunteers within the community and loves spending time with her family and friends.

Glenn Vitale

Phone: 321-275-5125 Ext. 824

Email: glenn@shariaportfolio.com

Glenn Vitale joins ShariaPortfolio as a licensed Certified Public Accountant in Florida and a Certified Specialist in Estate Planning by profession. Mr. Vitale graduated from Florida Atlantic University where he earned a Bachelor of Business Administration with a Major in Accounting. In addition to his CPA, Mr. Vitale earned the designation Certified Specialist in Estate Planning, Master Analyst in Financial Forensics, and Certified Valuation Analyst. Glenn Vitale has over 15 years experience in corporate accounting & financial management and over 25 years experience in public accounting. He is an active member of the American Institute of Certified Public Accountants, Florida Institute of Certified Public Accountants and the National Alliance of Trust & Estate Professionals.

Kautia Matyko

Phone: 321-275-5125

Email: kautia@shariaportfolio.com

Kautia Matyko is a Client Service Associate at ShariaPortfolio, based in Lake Mary, Florida. Kautia has over 6 years of customer service in the retail and health industries and obtain her BA in business administration management and health care administration from Valdosta State University. She has a passion for traveling and even studied abroad in Milan, Italy and Zagreb, Croatia studying international business. In her spare time, Kautia coaches the Valdosta State University majorette line and is a registered NBTA competition twirling judge.

Fatemeh Istani

Phone: 321-275-5125

Email: fatemeh@shariaportfolio.com

Fatemeh Astani is a multidisciplinary graphic designer and advertising expert, holding a BFA in Graphic Design and Marketing. With her extensive experience in art direction, interior design, print production, UX design, and coding, she has honed her skills in creating functional and communicative designs. She is passionate about creative thinking and problem-solving and believes that good design stems from a mix of research, functionality, and aesthetics. In her spare time, Fatemeh teaches yoga and volunteers in her community.

Sarrah Virji

Phone: 321-275-5125 Ext. 829

Email: sarrah@shariaportfolio.com

Sarrah Virji is a current fourth-year undergraduate student at the University of British Columbia pursuing a major in Speech Sciences and a minor in Spanish. She joined ShariaPortfolio Canada as an Accounting Assistant in 2018 and has since rejoined SP Funds as Bookkeeping Clerk. Her hard-working, attentive, and meticulous nature self-motivate her to challenge the limits and promote growth in other areas. In addition to this position, Sarrah works as a part-time hairdresser and is highly involved in the Speech and Linguistics Student Association at her university. In her free time, she enjoys channeling her creativity through anything from building/fixing furniture to mending clothes.

ShariaPortfolio Inc. is registered as an investment advisor with the United States Securities & Exchange Commission and "Notice Filed" with State Regulatory Agencies that have limited regulatory jurisdiction over our advisory business practices. All information contained herein is for informational purposes only and does not constitute a solicitation or offer of investment advisory services except where ShariaPortfolio, Inc. is properly "Notice Filed" to do so. No new accounts will be accepted unless and until all local regulations are satisfied.

If you are interested in our services, please contact us and request a copy of our Disclosure Brochure (Part 2A of Form ADV: Firm Brochure) which provides detailed information about ShariaPortfolio, Inc. and any inherent risks that may be associated with our services.

View our Form CRS

Omars Sulessiman has joined ShariaPortfolio as an Ethical Advisor. Read More >

About ShariaPortfolio

A boutique asset management firm specializing in socially responsible and halal investing

About

ShariaPortfolio

Sharia-Compliant Investing

Our Team

Naushad Virji

Aliredha Walji

Glenn Vitale

Shaykh Umer Khan

Rezwana Abed

Farhat Shirazi

Lori Sabino

Fatema H. Alidina

Shafaq Kazi

Ishaq Mohiuddin

Allan Paull

Murtaza Kermalli

Siraj Virji

Carlos Perez

Sarrah Virji

Kautia Matyko

Fatemeh Astani

Is there a minimum initial investment to open an account with ShariaPortfolio?

What do your services cost?

How do I know my money is safe with your firm?

What are the Sharia guidelines used to screen global equities?

Asset classes

Business activities screens

What is the difference between ShariaPortfolio and a mutual fund?

Can I choose some of the stocks to add to my portfolio?

How long has ShariaPortfolio been around?

Aliredha Walji

Farhat Shirazi

Salaudeen Nausrudeen

Ishaq Mohiuddin

Allan Paull

Shafaq Kazi

Rezwana Abed

Carlos Perez

Aliasgher Walji

Mamoon Khalid

Siraj Virji

Shaykh Umer Khan

Murtaza Kermalli

Fatema H. Alidina

Lori Sabino

Glenn Vitale

Kautia Matyko

Fatemeh Istani

Sarrah Virji

ShariaPortfolio does not assume responsibility for content of the site that this link is being directed to.

A boutique asset management firm specializing
in socially responsible and halal investing

ShariaPortfolio does not assume responsibility
for content of the site that this link is being directed to.