TORONTO and ORLANDO, Fla., Oct. 29, 2026 (GLOBE NEWSWIRE) — The SP Wealth Group today announced that its assets under management have surpassed $5 billion USD as of October 6, 2026; up from $3 billion in December 2025. The milestone reflects growing interest in Sharia-compliant and ethical investment products across North America and internationally.
Founded by Naushad Virji, SP Wealth Group operates a diversified platform encompassing private wealth management, institutional advisory services, and SP Funds ETFs. Growth has been driven by continued adoption of SP Funds ETFs, which aims to offer low-cost, rules-based access to halal equity and income strategies, together with expansion of the group’s wealth management operations in the United States and Canada.
“Reaching $5 billion is a reflection of the trust our clients have placed in us and of a broader shift in how investors think about their money,” said Naushad Virji, Founder. “Faith-aligned investing and institutional portfolio management belong together, and this milestone reflects growing interest in that vision.”
SP Wealth Group applies Sharia screening alongside institutional portfolio construction and risk management frameworks. The group plans to continue expanding its ETF lineup and financing solutions and to deepen its presence in the North American market.
About The SP Wealth Group:
SP Wealth Group brings together ShariaPortfolio, Inc., SP Funds Management, LLC, SP Zero Finance, and ShariaPortfolio Canada Inc. Collectively, the group manages over $5 billion in assets globally and has more than 15 years of operating history. The group provides Sharia-compliant wealth management, institutional advisory services, and exchange-traded funds (ETFs) for faith-aligned investors.
Each entity is a separate legal entity that independently provides its own products and services. Although these entities share a common vision, they operate as distinct organizations.
ShariaPortfolio, Inc. and SP Funds Management, LLC are registered investment advisers with the U.S. Securities and Exchange Commission (SEC). SEC registration does not imply a certain level of skill or training. ShariaPortfolio Canada Inc. is registered as a Portfolio Manager and Exempt Market Dealer in Ontario, British Columbia, Alberta, Quebec, Nova Scotia, and New Brunswick.
Added Disclaimer: This press release is for informational purposes only and does not constitute investment, legal, tax, or religious advice, or a recommendation to buy or sell any security or investment product. Investing involves risk, including possible loss of principal and there is no guarantee that any investment strategy will achieve its objectives. Past performance does not guarantee future results. ShariaPortfolio’s halal investment strategies use the firm’s stated screening methodology, which draws from selected AAOIFI principles and applies the firm’s stated business-activity and financial-ratio criteria. Sharia standards and interpretations may differ among scholars and organizations. Screening may restrict available investments and affect diversification and performance. Incidental interest or other non-compliant income may arise. ShariaPortfolio, Inc. may provide general information, guidance, and calculations concerning purification and zakat solely for educational and informational purposes. ShariaPortfolio does not assume responsibility for determining, calculating, or making any zakat, purification, or charitable distributions. Each investor is solely responsible for determining and satisfying any such obligations. Readers should consult their own qualified professional advisers regarding their individual circumstances.
Media Contact
Marketing & Communications, SP Wealth Group Email: info@sp-wealth.com
Websites: www.ShariaPortfolio.com | www.ShariaPortfolio.ca | www.SP-Funds.com | www.SPWealthGroup.com | www.SPZeroFinance.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/908cf362-8c5d-4fcd-b1e8-bc37497bd59a
