Occupation:

Mohamed is a family physician in Calgary, and his wife, Amira, manages his clinic as the office coordinator.

Financial Assets:

Mohamed aggressively paid off his mortgage after becoming a doctor but has not saved much for retirement. He has some cash sitting in his medical corporation but is unsure how to invest it.

Goals:

Mohamed holds strong Islamic values regarding money. He wants to support his children in becoming financially independent, pay for their weddings, perform Hajj, and travel frequently to his home country to visit extended family.

Challenges:

• As an immigrant who obtained his medical license in his late 30s, Mohamed lacks financial literacy in the Canadian system.
• He paid high taxes in his early years due to not incorporating his practice and received little guidance from his accountant.
• He has never worked with a financial advisor, influenced by negative online opinions.
• Mohamed struggles to find a financial advisor who understands Islamic values and halal investing.
• He previously invested in individual oil and mining stocks, most of which lost value. He avoids mutual funds due to interest-based holdings, so most of his money remains in cash.
• He wants to fund his children’s weddings and help with their home down payments. He also wishes to distribute his estate according to Islamic inheritance laws.
• Mohamed plans to perform Hajj in 2028 with his wife and is arranging for a replacement doctor to cover his clinic during that time.
• His father passed away from a heart attack a few years ago. His mother now lives with him, and he and Amira are working to bring her parents to Canada through the family reunification program. They travel back to their home country annually to visit extended family.
• Mohamed hopes to retire at age 65 but is uncertain if he can afford to. He has heard about investing through a holding company but does not understand how it works.

Our Solution:

• We specialize in halal wealth management, combining traditional financial planning with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines to ensure your Islamic values are upheld.
• As a small business owner, you must balance personal and corporate wealth. We help you manage both effectively, working with accountants to ensure every financial decision is both prudent and tax-efficient.
• As independent advisors, we work solely in your best interest. We select only the best products that align with your needs. As your financial partners, we act as the CFO of your family and business, freeing up your time so you can make confident financial decisions.
• We use only low-cost halal Exchange Traded Funds (ETFs) and individual stocks, ensuring transparency in fees. Our total fees—which include personal tax returns, financial planning, and investment management—are generally lower than those of major bank advisors.
• As immigrants ourselves, we understand the values and thought processes of immigrant families. We know how important family is. That's why we optimize your entire family's wealth, not just yours and your spouse's.