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.

Wealthsimple is a financial company providing easy online access to investing and saving tools. With options for custom-tailored portfolio management and self-directed stock and ETF trading without commissions, the platform tailors to various financial needs and goals. They extend support with expert advice and transparent practices to over 3 million Canadians. Wealthsimple promotes low fees and high-interest savings accounts, aiming to democratize traditionally exclusive investment opportunities to a broader audience. Their suite includes high-interest chequing accounts, often offering higher yields than traditional banks, alongside a clear-cut business model that aligns their success with their clients'.

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Wealthsimple Launches Halal Investing Portfolio

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