For Canadian Muslim professionals
Know if your retirement portfolio is truly halal.
Amanah Analytics analyzes what you already own — RRSPs, TFSAs, ETFs, and diversified investment funds — against established Shariah screening standards at the portfolio level. Not a stock screener. Not a robo-advisor.
Early access for Muslim professionals in Canada. No spam. No sales pitches.
Portfolio Compliance
Based on AAOIFI & MSCI Islamic screening.
Portfolio breakdown
Estimated annual purification
$430/yr
Calculated from interest and non-compliant income exposure.
- Conventional bank exposure in underlying fund holdings
- Insurance holdings with interest-based reserves
- High fixed-income allocation in target-date fund
Illustrative preview only. Not actual investment advice.
The retirement gap
You’re contributing every month. You still don’t know if it’s halal.
Canadian Muslim professionals are diligent about saving for retirement through RRSPs, TFSAs, ETFs, and diversified investment funds. But the underlying holdings are often opaque, layered, and packaged inside complex funds.
Hidden conventional exposure
Diversified investment funds and ETFs often hold conventional banks, insurers, and interest-based financial companies – without presenting those exposures in a clear, Shariah-aware format.
Target-date funds with heavy interest
As you approach retirement, “conservative” target-date funds often shift into bonds and fixed income – increasing interest-heavy exposure at the exact time your balance is largest.
No on-demand Shariah audit
In Canada, there is no accessible, on-demand way to run a portfolio-level Sharia compliance analysis on your total retirement accounts. Existing tools focus on screening individual stocks, not the real mix inside your RRSP, TFSA, and ETF lineup.
Confusion instead of clarity
The result is chronic uncertainty: you are saving responsibly, but you cannot confidently say your retirement savings align with your principles. Amanah reframes that confusion as a systemic gap – and fills it.
How Amanah works
From confusing statements to a principled portfolio view.
Upload your portfolio holdings
Securely upload your RRSP, TFSA, or brokerage account holdings using statements, exported position files, or simple manual entry.
We deconstruct underlying exposures
Amanah looks through pooled funds, ETFs, and target-date products to uncover the underlying equities, fixed income, and sector allocations actually held on your behalf.
Apply AAOIFI & MSCI Islamic screens
We apply Shariah business activity and financial ratio screens inspired by AAOIFI Sharia Standard No. 21 and MSCI Islamic methodologies to each underlying exposure.
Receive a portfolio-level report
Get a transparent compliance score, breakdown of compliant vs. non-compliant exposure, top violations, and an estimated annual purification amount – all at the portfolio level.
Preview
A tangible compliance report for your actual retirement accounts.
This mock report illustrates how Amanah turns your actual RRSP, TFSA, and ETF holdings into a clear, interpretable Shariah compliance view – grounded in methodology, not marketing.
Compliance score & asset mix
Portfolio-level Shariah alignment
A composite score based on screened business activities, financial ratios, and the relative weight of compliant vs. non-compliant holdings in your portfolio.
Portfolio breakdown
- Compliant equities 62%
- Non-compliant exposure 18%
- Interest-heavy fixed income 20%
Recommended actions
- Lower fixed-income allocation by rotating into Sharia-screened equity funds.
- Replace conventional financial-sector exposure with compliant ETF alternatives.
- Prioritize diversified funds with lower non-compliant revenue and debt ratios.
78 → 90+
After rebalancing and replacing non-compliant exposures.
Key violations & purification estimate
Top violations identified
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Financials
Conventional bank holdings in global equity fund
Exposure to conventional banks exceeding Shariah thresholds for interest-based income.
-
Insurance
Insurers with interest-bearing reserves
Insurance companies deriving significant income from interest-bearing reserves and bonds.
-
Fixed income
Target-date bond allocations
Age-based target-date funds allocating heavily to conventional bonds in later vintages.
Estimated annual purification
$430/yr
This estimate reflects the portion of your portfolio’s income that should be purified (donated away) based on interest and non-compliant revenue exposure, calculated using established Shariah screening methodologies.
This is an illustrative mock report to demonstrate format and methodology focus. Amanah Analytics does not provide personalized fatwas or investment advice.
Standards & methodology
Built on established Shariah standards and transparent rules.
Amanah Analytics is designed to be principled, explainable, and grounded in widely recognized Shariah screening frameworks. The goal is clarity and intellectual honesty – not promises of religious certainty.
AAOIFI-based approach
We align with the spirit of AAOIFI Sharia Standard No. 21 for financial securities, applying business activity and financial ratio screens to identify and flag non-compliant exposures.
MSCI Islamic methodology
Our engine references elements of the MSCI Islamic Index methodology to calibrate business sector exclusions and quantitative thresholds for debt and impermissible income.
Business activity screens
Excluding sectors such as conventional banking, insurance, alcohol, gambling, pork-related products, adult entertainment, and other prohibited activities.
Financial ratio screens
Applying ratio thresholds (e.g., debt-to-equity, cash and interest-bearing items, interest income as a share of revenue) typically in the 30–33% and 5% range, in line with established Shariah screening norms.
Amanah Analytics is a screening and transparency engine. It does not issue fatwas and is not a substitute for qualified Shariah scholarship.
Nothing presented constitutes financial, tax, or investment advice. Always consult qualified religious and financial professionals for personal decisions.
Who it’s for
Built for Muslim professionals navigating modern retirement systems.
Muslim professionals with RRSPs
You consistently contribute to RRSPs, but the underlying ETFs and diversified funds are difficult to evaluate through a Shariah lens.
DIY investors with RRSPs or TFSAs
You invest through RRSPs or TFSAs using ETFs and diversified investment funds, but you lack a clear, portfolio-level view of Sharia compliance beyond single-stock screens.
DIY investors seeking clarity
You have built your own portfolio using online brokers, but you want a simple way to see how your overall retirement portfolio aligns with Islamic principles.
Advisors adding a Shariah overlay
You advise Muslim clients and want a systematic way to overlay Shariah screening on top of existing retirement portfolios and proposals.
Vision
From a one-off tool to part of Islamic finance infrastructure.
Islamic finance is an approximately $5 trillion industry globally and growing, yet Muslim professionals in Canada remain underserved – especially when it comes to retirement portfolios built from mainstream ETFs and diversified investment funds.
Retirement portfolios are complex by design: layers of funds, ETFs, model portfolios, and institutional products that are difficult to evaluate from the outside.
Amanah Analytics aims to become the trusted analytics platform for understanding whether modern investment portfolios align with Islamic financial principles.
Early access waitlist
Bring clarity to your retirement portfolio, before the next contribution.
Join the waitlist to be notified when Amanah Analytics opens to Canadian Muslim professionals. No pricing yet. No obligation. Just thoughtful, early access.