Latest news with #SPUS
Business Upturn
08-08-2025
- Business
- Business Upturn
ShariaPortfolio Wealth Group Surpasses $2 Billion in Assets Under Management
LAKE MARY, Fla., Aug. 08, 2025 (GLOBE NEWSWIRE) — The ShariaPortfolio Group of Companies (SP Wealth) is proud to celebrate a significant achievement in its pursuit of financial excellence: $2 billion in Assets Under Management (AUM) as of May 2, 2025. This milestone underscores the firm's commitment to delivering Sharia-compliant, ethically sound investment strategies that align with the financial goals and values of its diverse client base. A standout contributor to this success is SPUS, the group's flagship ETF, which alone has grown to over $1.2 billion in assets as of May 9, 2025, a remarkable achievement that demonstrates strong investor confidence in Sharia-compliant equity solutions. SPUS remains a cornerstone in the firm's ETF lineup and a benchmark for ethical investing. The SP Wealth Group of Companies, including SP Funds, continues to innovate within the Islamic finance space. Notably, the firm has introduced a suite of 11 innovative funds, including a unique series of (6) Target Date Funds (TDFs) that address the needs of long-term savers in vehicles like 401(k) and 529 plans. These TDFs stand out in the market for their faith-aligned design, offering a compelling alternative for retirement and education planning. 'With our 11 funds—especially the Target Date Funds—we are not only innovating but also filling a critical gap in the market,' said Naushad Virji, CEO of SP Funds. 'These are not just products; they are purpose-driven solutions that support the long-term goals of investors seeking Sharia-compliant options.' Within the broader funds category, SP Wealth has strategically developed five ETFs that span a wide range of asset classes. This comprehensive offering provides individual investors with a well-rounded toolkit—an arsenal of investment options—to build diversified, ethically grounded portfolios. 'Our milestone of surpassing $2 Billion in assets under management is a testament to the trust our clients have placed in us and the effectiveness of our Sharia-compliant investment strategies,' said Virji. 'This success is not only a reflection of our growth but also of our unwavering commitment to upholding the highest ethical standards in everything we do.' Since its inception in 2003, the SP Wealth Group of Companies has remained dedicated to providing financial solutions rooted in the principles of Halal Investing. The company's iconic shield logo symbolizes this mission—representing the protection of clients from excessive debt and non-compliant investments, while guiding them toward financial security and purpose-driven growth. 'Reaching $2 billion in assets under management marks a major milestone in our journey, but it's only the beginning,' Virji added. 'As we continue to grow, our focus remains on expanding access to responsible, Sharia-compliant investment solutions and delivering exceptional value to our clients worldwide.' For more information about the SP Wealth Group of Companies and its range of Sharia-compliant financial solutions, please visit About SP Wealth: The ShariaPortfolio Wealth Group of Companies is a leading financial services provider committed to offering comprehensive Sharia-compliant investment solutions and personalized financial advice to individuals, families, and institutions. With a focus on integrity, transparency, and excellence, the SP Group helps clients achieve their financial goals and build a secure future. The firm's signature shield logo reflects its dedication to protecting clients from investments with significant debt and those that do not align with their personal values. With over $2 billion in assets under management—including over $1.2 billion in SPUS—the SP Wealth Group remains a trusted partner in financial success. Important Information: Before investing, you should carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information is available in the prospectus. A prospectus can be obtained by visiting | SPUS Prospectus | SPSK Prospectus | SPRE Prospectus | SPTE Prospectus | SPWO Prospectus Investing involves risk, including the loss of Fund Services, LLC, DistributorContact: Naushad Virji, CEO, SP Funds Email: [email protected]
Globe and Mail
08-08-2025
- Business
- Globe and Mail
ShariaPortfolio Wealth Group Surpasses $2 Billion in Assets Under Management
LAKE MARY, Fla., Aug. 08, 2025 (GLOBE NEWSWIRE) -- The ShariaPortfolio Group of Companies (SP Wealth) is proud to celebrate a significant achievement in its pursuit of financial excellence: $2 billion in Assets Under Management (AUM) as of May 2, 2025. This milestone underscores the firm's commitment to delivering Sharia-compliant, ethically sound investment strategies that align with the financial goals and values of its diverse client base. A standout contributor to this success is SPUS, the group's flagship ETF, which alone has grown to over $1.2 billion in assets as of May 9, 2025, a remarkable achievement that demonstrates strong investor confidence in Sharia-compliant equity solutions. SPUS remains a cornerstone in the firm's ETF lineup and a benchmark for ethical investing. The SP Wealth Group of Companies, including SP Funds, continues to innovate within the Islamic finance space. Notably, the firm has introduced a suite of 11 innovative funds, including a unique series of (6) Target Date Funds (TDFs) that address the needs of long-term savers in vehicles like 401(k) and 529 plans. These TDFs stand out in the market for their faith-aligned design, offering a compelling alternative for retirement and education planning. 'With our 11 funds—especially the Target Date Funds—we are not only innovating but also filling a critical gap in the market,' said Naushad Virji, CEO of SP Funds. 'These are not just products; they are purpose-driven solutions that support the long-term goals of investors seeking Sharia-compliant options.' Within the broader funds category, SP Wealth has strategically developed five ETFs that span a wide range of asset classes. This comprehensive offering provides individual investors with a well-rounded toolkit—an arsenal of investment options—to build diversified, ethically grounded portfolios. 'Our milestone of surpassing $2 Billion in assets under management is a testament to the trust our clients have placed in us and the effectiveness of our Sharia-compliant investment strategies,' said Virji. 'This success is not only a reflection of our growth but also of our unwavering commitment to upholding the highest ethical standards in everything we do.' Since its inception in 2003, the SP Wealth Group of Companies has remained dedicated to providing financial solutions rooted in the principles of Halal Investing. The company's iconic shield logo symbolizes this mission—representing the protection of clients from excessive debt and non-compliant investments, while guiding them toward financial security and purpose-driven growth. 'Reaching $2 billion in assets under management marks a major milestone in our journey, but it's only the beginning,' Virji added. 'As we continue to grow, our focus remains on expanding access to responsible, Sharia-compliant investment solutions and delivering exceptional value to our clients worldwide.' For more information about the SP Wealth Group of Companies and its range of Sharia-compliant financial solutions, please visit About SP Wealth: The ShariaPortfolio Wealth Group of Companies is a leading financial services provider committed to offering comprehensive Sharia-compliant investment solutions and personalized financial advice to individuals, families, and institutions. With a focus on integrity, transparency, and excellence, the SP Group helps clients achieve their financial goals and build a secure future. The firm's signature shield logo reflects its dedication to protecting clients from investments with significant debt and those that do not align with their personal values. With over $2 billion in assets under management—including over $1.2 billion in SPUS—the SP Wealth Group remains a trusted partner in financial success.
Toronto Star
08-08-2025
- Business
- Toronto Star
ShariaPortfolio Wealth Group Surpasses $2 Billion in Assets Under Management
LAKE MARY, Fla., Aug. 08, 2025 (GLOBE NEWSWIRE) — The ShariaPortfolio Group of Companies (SP Wealth) is proud to celebrate a significant achievement in its pursuit of financial excellence: $2 billion in Assets Under Management (AUM) as of May 2, 2025. This milestone underscores the firm's commitment to delivering Sharia-compliant, ethically sound investment strategies that align with the financial goals and values of its diverse client base. A standout contributor to this success is SPUS, the group's flagship ETF, which alone has grown to over $1.2 billion in assets as of May 9, 2025, a remarkable achievement that demonstrates strong investor confidence in Sharia-compliant equity solutions. SPUS remains a cornerstone in the firm's ETF lineup and a benchmark for ethical investing. The SP Wealth Group of Companies, including SP Funds, continues to innovate within the Islamic finance space. Notably, the firm has introduced a suite of 11 innovative funds, including a unique series of (6) Target Date Funds (TDFs) that address the needs of long-term savers in vehicles like 401(k) and 529 plans. These TDFs stand out in the market for their faith-aligned design, offering a compelling alternative for retirement and education planning. ARTICLE CONTINUES BELOW 'With our 11 funds—especially the Target Date Funds—we are not only innovating but also filling a critical gap in the market,' said Naushad Virji, CEO of SP Funds. 'These are not just products; they are purpose-driven solutions that support the long-term goals of investors seeking Sharia-compliant options.' Within the broader funds category, SP Wealth has strategically developed five ETFs that span a wide range of asset classes. This comprehensive offering provides individual investors with a well-rounded toolkit—an arsenal of investment options—to build diversified, ethically grounded portfolios. 'Our milestone of surpassing $2 Billion in assets under management is a testament to the trust our clients have placed in us and the effectiveness of our Sharia-compliant investment strategies,' said Virji. 'This success is not only a reflection of our growth but also of our unwavering commitment to upholding the highest ethical standards in everything we do.' Since its inception in 2003, the SP Wealth Group of Companies has remained dedicated to providing financial solutions rooted in the principles of Halal Investing. The company's iconic shield logo symbolizes this mission—representing the protection of clients from excessive debt and non-compliant investments, while guiding them toward financial security and purpose-driven growth. 'Reaching $2 billion in assets under management marks a major milestone in our journey, but it's only the beginning,' Virji added. 'As we continue to grow, our focus remains on expanding access to responsible, Sharia-compliant investment solutions and delivering exceptional value to our clients worldwide.' For more information about the SP Wealth Group of Companies and its range of Sharia-compliant financial solutions, please visit ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW About SP Wealth: The ShariaPortfolio Wealth Group of Companies is a leading financial services provider committed to offering comprehensive Sharia-compliant investment solutions and personalized financial advice to individuals, families, and institutions. With a focus on integrity, transparency, and excellence, the SP Group helps clients achieve their financial goals and build a secure future. The firm's signature shield logo reflects its dedication to protecting clients from investments with significant debt and those that do not align with their personal values. With over $2 billion in assets under management—including over $1.2 billion in SPUS—the SP Wealth Group remains a trusted partner in financial success. Important Information: Before investing, you should carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information is available in the prospectus. A prospectus can be obtained by visiting | SPUS Prospectus | SPSK Prospectus | SPRE Prospectus | SPTE Prospectus | SPWO Prospectus Investing involves risk, including the loss of principal. Foreside Fund Services, LLC, Distributor Contact: Naushad Virji, CEO, SP Funds Email: info@
The Star
08-06-2025
- General
- The Star
Sarawak Air Scouts soar to new heights
Celebrating trailblazers: (Seated from left) Zasran, Jerome, John, Zainuddin, Methodius and Azizah posing for a photo with the Sarawak Air Scouts. The recent Sarawak Air Scout Secretariat (SPUS) presentation ceremony in Kuching marked a defining moment in the history of Air Scouting in Sarawak, celebrating a legacy of perseverance, teamwork and trailblazing achievements. Held on May 17, the event, graced by Sarawak Scout chief commissioner John Lim, deputy chief commissioner Methodius Macdonald, SPUS adviser Captain Zainuddin Amar Hamdan, regional commissioner Azizah Sulong and executive secretary Zasran Abdullah, paid tribute to the transformation and excellence embodied by the state's Air Scouts and leaders. The highlight of the day was the recognition of the first-ever batch of 36 Scouts and Air Scouts in Sarawak who successfully completed a demanding aviation programme – progressing through stages of airmanship courses and ultimately achieving the Junior Leading Airman rank, symbolised by the prestigious Full Wing badge worn proudly on their uniforms. 'This Full Wing is not given; it is earned. 'They are the very first group in Sarawak to reach this level in the Air Scouting programme. 'They are trailblazers, and they have set the bar for future generations,' said Sarawak Air Scouts assistant chief commissioner Jerome Lim Ee Wu. In another proud moment, five dedicated Air Scout leaders were presented with the Air Scout Leader Competency Badge, officially recognising them as certified Air Scout leaders. 'Sarawak now has a total of six Certified Air Scout Leaders, including myself. 'Together, we carry the responsibility – and the dream – of building strong and vibrant Air Scout units across the state. 'Our hope is that this spark of passion in our Scouts will one day grow into full-fledged dreams, whether in aviation, engineering or leadership,' Jerome added. The ceremony also honoured the academic excellence of outstanding Scouts Shamus Zachariah Teo Jia Cheng, Faith Sarah Lim Ern, Alessandro Orlando and Deborah Ling Jia Xing, who achieved stellar results in the Sijil Pelajaran Malaysia 2024 exams. Their success is a testament that scouting is not just a path to physical and leadership development, but also a discipline that fosters academic excellence, said Jerome. 'These Scouts are truly well-rounded – living examples of what it means to be disciplined, resilient, and role models to their peers,' Jerome said, describing the event as an affirmation of Air Scouting's mission – to shape character, ignite ambition, and inspire a generation to rise above and beyond. In his keynote address, John called on all members to fully appreciate the opportunities the Air Scouting programme in the state offers. 'Make full use of it. Let it shape you. Use this foundation not only to dream big but to achieve big. 'Set your sights on becoming Air King Scouts, the highest honour in Air Scouting,' he said. The ceremony concluded with the official installation of six SPUS officers.
