Wealthsimple Launches Halal Investing Portfolio

Aug 23rd, 2017Product
  • Wealthsimple introduced a new Halal Investing portfolio designed to comply with Islamic law, serving clients' financial and ethical considerations.

  • The portfolio excludes investments in prohibited industries such as gambling, alcohol, and high-interest lending, aligning with Shariah principles.

  • Partnered with MSCI to evaluate and include compliant companies, the portfolio comprises 50 stocks to maintain market diversity at low costs.

  • Despite higher inherent risks due to the exclusion of fixed-income assets, Wealthsimple ensures the same fees and benefits as its regular portfolios.

  • The Halal Investing portfolio is accessible through an easy sign-up process and comes with benefits like automatic rebalancing and dividend reinvesting.

Recent Product News