This announcement was originally published in Reuters and is available here.
U.S. Islamic investment adviser aims to expand into Canada in 2019
(Reuters) – Florida-based Islamic wealth manager ShariaPortfolio Inc aims to expand into Canada next year, as the firm taps into a growing number of Muslim clients seeking to invest according to their religious beliefs, its chief executive told Reuters.
The plans by the independent investment adviser highlight how Islamic finance is gradually developing in some Western markets, beyond its core centers in the Middle East and Southeast Asia.
The 15-year old firm has clients across 26 states and it hopes to open a Vancouver office in the second quarter of next year to fuel growth, Chief Executive Officer Naushad Virji said.
The company has also started to offer institutional-level services, aiming to partner with conventional financial firms that want to add Islamic finance to their product offerings, Virji said.
ShariaPortfolio is bringing its suite of investment management products to Canada.
By managing portfolios in accordance with Sharia, or Islamic law, ShariaPortfolio offers full-service professional, comprehensive wealth management solutions that align with Muslim faith and achieve clients’ financial goals. For more information, please visit https://shariaportfolio.ca/