At a glance
- The release described the ETFs as low-cost, rules-based halal equity and income strategies.
- The $5 billion is a group-wide figure across four separate legal entities, not the book of a single adviser.
- For advisors, the expansion plan would add more halal ETFs and financing products to the shelf in the US and Canada.
SP Wealth Group's assets under management passed $5 billion as of Oct. 6, 2026, up from $3 billion in December 2025, according to a company release dated Oct. 29.
The Toronto and Orlando group, founded by Naushad Virji, credited growth to adoption of its SP Funds ETFs and to wealth management expansion in the US and Canada. The release described the ETFs as low-cost, rules-based halal equity and income strategies. The group said it plans to add to its ETF lineup and its financing solutions and to deepen its North American presence.
The $5 billion is a group-wide figure across four separate legal entities, not the book of a single adviser. They are ShariaPortfolio, Inc., SP Funds Management, LLC, SP Zero Finance and ShariaPortfolio Canada Inc. The increase from $3 billion to more than $5 billion is a rise of at least two-thirds in under a year. The split between net new assets and market gains was not disclosed.
For advisors, the expansion plan would add more halal ETFs and financing products to the shelf in the US and Canada.
Reported by the RIA desk from GlobeNewswire — Finance. Published . Corrections