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ShariaPortfolio
Naushad Virji founded ShariaPortfolio in 2003, building one of the first US wealth-management firms dedicated to Sharia-compliant investing.
ShariaPortfolio
Naushad Virji founded ShariaPortfolio in Lake Mary, Florida, in 2003, after managing a hedge fund and several real estate partnerships. The firm was among the first US wealth managers to deliver Islamic financial solutions, expanding into Canada in 2017 and serving global clients starting in 2020. ShariaPortfolio runs a diversified investment approach across public equities, ETFs, and fixed-income alternatives. The firm screens for halal compliance using a multi-step filter that excludes companies deriving more than 5% of income from alcohol, gambling, weapons, tobacco, adult entertainment, pork, highly leveraged businesses, interest-based businesses, music, cinema, or broadcasting. Client portfolios are built via separately managed accounts, a robo-advisor service called Express, and Sharia-compliant 401(k) plans. The firm also offers an institutional service for investment advisors. The firm employs over 20 professionals across its Lake Mary headquarters, with client-servicing advisors in Tampa, Chicago, and Houston. In January 2022, founder Naushad Virji passed the CEO role to Aliredha Walji, who had joined the firm in 2014 from Wells Fargo. Walji also serves as Chief Compliance Officer. ShariaPortfolio maintains a Sharia Advisory Board; Shaykh Umer Khan, who holds a Master's in Finance from Wharton, serves as Sharia Advisor. ShariaPortfolio's structural differentiator is its singular focus on Sharia-compliant investing for a broad client base — not a single-family office or pure-play asset manager. The firm blends fiduciary wealth management with religious screening standards, positioning itself as a specialist provider rather than a generalist allocator.
General information
Firm type
Multi Family Office
Year founded
2003
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lake Mary
Corporate office
1331 South International Pkwy Suite #2291, Lake Mary, FL 32746, United States
Principals
Naushad Virji
Founder, Chairman of the Board, Portfolio Manager
Aliredha Walji
CEO
Glenn Vitale
CFO
Sector focus
Frequently asked questions
Who runs investment decisions at ShariaPortfolio?
Naushad Virji, founder and chairman, serves as a portfolio manager (per the firm website). CEO Aliredha Walji oversees US operations and compliance. The firm lists a team of investment advisor representatives, including Habib Anwar, Shafaq Kazi, Ishaq Mohiuddin, Allan Paull, and Rezwana Abed, who manage client portfolios.
Does ShariaPortfolio manage fund commitments or only direct client portfolios?
ShariaPortfolio primarily manages client accounts directly through separately managed accounts, a robo-advisor, and 401(k) plans. The firm also offers institutional services for other advisors. It does not appear to manage pooled investment funds or commit third-party capital to external funds. The firm's affiliated entity, SP Funds Management, runs the SP Funds line of Sharia-compliant ETFs.
What does ShariaPortfolio screen for when selecting halal investments?
The firm applies a two-part screen: first, it excludes asset classes such as preferred shares and interest-paying securities. Second, it excludes companies deriving more than five percent of income from alcohol, gambling, weapons, tobacco, adult entertainment, pork products, highly leveraged businesses, interest-based businesses, music, cinema, or broadcasting (per the firm website).
Is ShariaPortfolio a single-family office?
No. ShariaPortfolio is a registered investment advisor (RIA) serving multiple clients, including individuals and institutions. It functions as a multi-client wealth manager specializing in Sharia-compliant strategies, not a single-family office.
Where does the underlying wealth at ShariaPortfolio come from?
The firm's website does not disclose the origin of its clients' wealth. ShariaPortfolio serves a broad client base, primarily within the Muslim community, who seek halal investment solutions.
Does ShariaPortfolio have related philanthropic structures?
The firm's website does not mention any affiliated philanthropic foundation. The firm's services include Zakat calculation for clients as part of its wealth management offering.
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