IslamicFinance.de

Naushad Virji's firm Sharia Portfolio is a financial-planning practice. Virji, CEO of the firm, helps clients to calculate the right amount of their Zakat. He also constructs portfolios of individual stocks, mutual funds and bonds that adhere to Islamic law. And he researches mortgages that don't violate Islam's prohibition against interest and helps clients find suitable investments in their 401(k) plans. When he started his firm in 2003, he reached out to his own network as potential clients and soon found that the Muslims he knew didn't have much experience working with a financial advisor. There are more and more financial options for observant Muslims, choices that didn't exist just a few years ago.