Best halal investing tools in 2026
An honest comparison of 10 halal investing tools used by Muslim investors in 2026. Methodology disclosed, prices verified, weaknesses called out per tool. Includes screeners, robo-advisors, halal funds, and the institutional data layer behind your halal ETFs. Each entry includes a "best for" line so you can pick the right one for your actual use case.
Last reviewed: · Hosted by invest-like.com (disclosed)
invest-like is the only tool here that publishes its verdict accuracy. The 7-framework consensus screen is +73.8% vs the S&P 500 over five years - every pick logged in public, with the entry timestamps locked.
See the published track recordThis article is hosted by invest-like.com. invest-like is ranked first because it is the only tool in the cohort combining AAOIFI Standard 21 screening with a 7-investor AI verdict on every ticker in a single workflow. The ranking is opinionated, not statistical. Some entries are screening tools, some are advisors, and some are funds. Each competes on a different axis and the right pick depends on your specific need.
Each entry includes (1) what the tool does, (2) where it wins, (3) where it falls short, (4) who should pick it. Pricing was verified on May 25, 2026 by visiting each vendor's pricing page. Educational only, never a Sharia ruling and never financial advice. Always confirm compliance with a qualified scholar.
invest-like
Killer feature: AAOIFI Standard 21 screening combined with a 7-investor AI verdict on every ticker
An AI-first value-investing research tool that runs every US-listed stock through AAOIFI Standard 21 (business-activity screen plus the three financial-ratio screens) and then layers a 7-investor framework verdict on top (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, T. Smith). Halal Mode shows pass or fail with the specific failing ratio called out, and the Boardroom feature debates each compliant pick across four named investor lenses. The only tool in the cohort combining a documented halal screen with AI-graded value verdicts in the same workflow.
Where it wins
- Only tool combining AAOIFI Standard 21 screening with a 7-investor AI verdict in a single view
- Specific failing ratio called out (interest income, debt, illiquid assets) instead of a binary pass or fail
- Halal Mode is free on every ticker, not paywalled behind premium
- Published 5-year backtest with locked entry timestamps (+73.8 pp over S&P 500)
- Multi-investor Boardroom debate format unique in the category
Where it falls short
- US listings only (no Malaysian, Saudi, UAE, or Pakistani equities yet)
- Smaller universe than institutional screeners like IdealRatings
- No Sukuk, halal ETF, or halal fund universe (equity-only)
- Solo-founder operation, younger than incumbents
Best for
Self-directed halal investors who want AAOIFI-grade screening plus value-investing rigor in one tool, and who hold US equities through their broker.
Zoya
Killer feature: Best-in-class mobile UX for AAOIFI-style halal screening
The most polished mobile-first halal screener on the market. Zoya scans US-listed stocks against AAOIFI-style business-activity and financial-ratio screens, with a clean iOS and Android app and a strong portfolio purification feature. Founded 2019, US-focused. Pure halal-screening tool without an AI verdict or value framework layer.
Where it wins
- Best mobile app UX in the halal screening category
- Built-in portfolio purification calculator with one-tap charity export
- Real-time screening status flips as quarterly filings update
- Educational content directly inside the app
- Dedicated halal ETF and mutual fund discovery
Where it falls short
- No value-investing verdict layer (you get pass or fail, not a buy signal)
- Subscription required for the most useful features (Advanced Pro)
- US listings dominate; international coverage is thinner
- No AI debate or named-investor framework analysis
Best for
US-based halal investors who want a polished mobile-only experience focused purely on screening and portfolio purification, and who do not need a value verdict.
Musaffa
Killer feature: Broadest ticker coverage across global halal-investable equities
A broader Sharia-compliance platform covering US, UK, Canadian, Malaysian, Saudi, Pakistani, and Indonesian stocks. Musaffa publishes compliance rulings with explicit AAOIFI Standard 21 methodology, ETF compliance ratings, and a halal portfolio tracker. Compliance team includes Sharia advisors which is rare at retail pricing.
Where it wins
- Widest geographic coverage in the halal screening category (8+ markets)
- Explicit Sharia advisory board with named scholars (rare at this price)
- Halal ETF and mutual fund coverage built in
- Educational courses included with paid tiers
- Browser extension overlays compliance status on third-party financial sites
Where it falls short
- UI is feature-dense; learning curve steeper than Zoya
- Premium tier required for full ratio breakdown and purification
- No value-investing verdict layer (screening only)
- Mobile app exists but desktop-first product
Best for
Halal investors with cross-border holdings (e.g. Saudi-listed Aramco plus US-listed names) who need a single dashboard covering multiple Sharia-compliant markets.
Wahed Invest
Killer feature: Fully-managed halal portfolios with automated rebalancing
A regulated robo-advisor managing halal portfolios across multiple jurisdictions (US, UK, Malaysia, KSA, MENA). Not a screening tool. Wahed builds a halal-only portfolio of sukuk, halal ETFs, and gold for the user and handles rebalancing. Included on this list for completeness because new halal investors often confuse advisory with research, but it solves a different problem.
Where it wins
- Fully-managed: zero research effort required by the investor
- Regulated brokerage with custody (US SEC, UK FCA, MAS, SCA)
- Built-in zakat calculation and purification
- Strong mobile app, frictionless onboarding
- Wahed Pro tier adds self-directed halal stock trading
Where it falls short
- Not a research or screening tool (orthogonal to the rest of this list)
- AUM fees stack on top of underlying ETF expense ratios
- Limited portfolio customization (model-portfolio assignment, not custom builds)
- Self-directed Wahed Pro is newer and has fewer features than Zoya or Musaffa
Best for
Halal investors who explicitly do not want to research stocks themselves and want a one-tap regulated halal portfolio handled by an advisor.
Islamic Finance Guru (IFG)
Killer feature: Trusted UK-Muslim community hub with hand-curated halal stock list
Not strictly a tool but the most-cited halal-investing media property in the UK Muslim community. IFG publishes a curated halal stock list, halal product reviews, halal pension guidance, halal mortgage explainers, and weekly newsletters. IFG Pro adds a deeper stock list, community access, and webinars. Cited heavily by halal investors when comparing tools.
Where it wins
- Trusted editorial voice in the UK-Muslim and global Muslim investing space
- Curated halal stock list reviewed by IFG analysts with explicit rationale
- Excellent halal-finance educational content (mortgages, pensions, wills)
- Active community via IFG Pro + newsletters
- Balanced coverage of all halal product categories, not just equities
Where it falls short
- Not a real-time screening tool (lists update on a slower cadence)
- Stock list is editorial-curated, not a dynamic AAOIFI screen
- No portfolio purification calculator built in
- Pro membership is community-and-content, not a software platform
Best for
UK-based halal investors who want a trusted editorial layer and community access alongside whichever screening tool they pick.
Wealthsimple Halal Portfolio
Killer feature: Halal robo-portfolio inside a mainstream regulated brokerage
Wealthsimple's halal-screened model portfolio, available primarily to Canadian and UK clients. Holds a basket of Sharia-screened global equities reviewed by an independent committee. Not a research or screening tool. Included for completeness because for many Canadian halal investors it is the default entry-point into halal investing alongside a TFSA or RRSP.
Where it wins
- Halal portfolio sits inside Wealthsimple's full regulated brokerage stack
- TFSA and RRSP wrappers available (Canadian tax advantage)
- Lower AUM fee than Wahed for higher balances
- Easy to move money in and out, no separate halal-only app needed
- Independent Sharia review committee discloses methodology
Where it falls short
- Not a research or screening tool (orthogonal to invest-like, Zoya, Musaffa)
- Single model portfolio, no per-stock control
- Geographic restriction (Canadian and UK clients primarily)
- No purification calculator built into the dashboard
Best for
Canadian or UK halal investors who already use Wealthsimple and want a halal-screened model portfolio inside their existing brokerage.
Amana Mutual Funds (Saturna)
Killer feature: Longest-running halal-screened actively-managed funds in the US
Amana's family of mutual funds (Income, Growth, Developing World, Participation) is the longest-running halal-screened actively-managed fund family in the US, going back to 1986. Run by Saturna Capital. Not a tool, but the default mutual-fund choice for many US halal investors and a benchmark for halal fund performance.
Where it wins
- Multi-decade track record (Amana Income launched 1986, Amana Growth 1994)
- Independent Sharia advisory board reviews holdings quarterly
- Available in standard US brokerage accounts (Fidelity, Schwab, etc.)
- Multiple risk profiles within one family (income, growth, emerging markets, sukuk)
- Established fund-of-funds and 529 plan integrations for halal retirement saving
Where it falls short
- Not a research tool (an investable product, not a platform)
- Expense ratios higher than passive halal ETFs (HLAL, SPUS)
- Active-management fee load (no guarantee of outperformance vs. index funds)
- No portfolio purification calculator (fund-level handling only)
Best for
US halal investors who want a halal-screened actively-managed mutual fund inside their 401(k), IRA, or 529 with a multi-decade track record.
Iman Fund
Killer feature: Active halal-screened large-cap equity fund with public holdings
An actively-managed halal-screened US equity mutual fund (ticker IMANX) advised by Allied Asset Advisors. Independent Sharia review board, public holdings, and a quarterly fact sheet. Smaller and less well-known than Amana, but a real alternative for halal investors who want a single mutual fund ticker rather than a research workflow.
Where it wins
- Public holdings list updates quarterly (transparency for due-diligence)
- Independent Sharia advisory board with named scholars
- Available through major US brokerage platforms
- Single-ticker workflow (no per-stock screening required by the holder)
- Long enough track record to evaluate (fund launched 2000)
Where it falls short
- Higher expense ratio than passive halal ETFs
- Smaller AUM than Amana Growth (less institutional eyeballs)
- Not a tool (a product to buy, not a platform to screen with)
- No portfolio-level purification tooling for the investor
Best for
US halal investors who want a single halal mutual fund ticker as a core holding without research workflow, and who already screen Amana and want a smaller alternative.
HSBC Islamic Global Equity Index
Killer feature: Dow Jones Islamic Market World Index tracker from a global bank
An institutional halal-screened passive index fund tracking the Dow Jones Islamic Market World Index, run by HSBC Global Asset Management. Long history, sizable AUM, distributed globally through advisors and intermediaries. Not a retail tool: included here because halal investors comparing fund options frequently encounter it through their financial advisor and want to know how it stacks up.
Where it wins
- Tracks an established institutional halal benchmark (DJIM World)
- Passive-index expense ratios lower than actively-managed Amana or Iman
- Global diversification across developed-market halal-eligible names
- Institutional credibility for halal investors who require name-brand custody
Where it falls short
- Distribution is intermediary-led (not a click-to-buy retail product)
- Not a research or screening tool
- Less transparency on quarterly compliance ratio breakdowns vs. retail screeners
- Minimum investment thresholds can be high through some intermediaries
Best for
Halal investors with a private bank or wealth-management relationship who want a passive halal global equity index inside their existing managed mandate.
IdealRatings
Killer feature: Index-grade Sharia screening data used by funds, ETFs, and banks
The institutional Sharia data provider behind many of the halal indexes, ETFs, and funds end-investors actually buy. IdealRatings provides compliance ratings, AAOIFI and FTSE methodology screens, purification data, and sukuk research to fund managers, exchanges, and banks. Not a retail tool. Listed here because halal investors should know which data layer powers their downstream products.
Where it wins
- The data layer many halal ETFs and indexes (DJIM, FTSE Shariah, S&P Shariah) source compliance signals from
- Multiple methodology options (AAOIFI, FTSE, custom)
- Sukuk and Islamic fixed-income coverage in addition to equities
- Trusted by global institutions (banks, asset managers, exchanges)
Where it falls short
- Not a retail product (no direct-to-consumer access)
- B2B-only pricing makes it inaccessible to individual investors
- No standalone interface for the end investor
- Educational content not aimed at retail decision-making
Best for
Asset managers, ETF issuers, and banks who need an institutional Sharia screening data feed, not individual halal investors picking stocks.
Frequently asked questions
How were these tools ranked?
By fit for the 'halal equity research and investing' use case as of May 2026: how well each platform helps a Muslim investor screen, research, and hold Sharia-compliant assets. The ranking is opinionated, not the result of a statistical model. Some entries are screening tools (invest-like, Zoya, Musaffa), some are advisors (Wahed, Wealthsimple), some are funds (Amana, Iman, HSBC), and one is an institutional data provider (IdealRatings). The 'best' choice depends on whether you want to research, be advised, or buy a managed product. See the 'best for' line under each entry.
Is invest-like ranking itself first a conflict of interest?
Yes, and it is disclosed at the top of the page. invest-like.com hosts this article. We ranked it first because it is the only tool in the cohort combining AAOIFI Standard 21 screening with a 7-investor AI verdict on every ticker. If your specific need is something different (managed advisor, single-fund ticker, broader geographic coverage, mobile-only UX), the right tool is whichever entry below matches that. Read the 'best for' line under each entry.
What is AAOIFI Standard 21?
AAOIFI Standard 21 is the Sharia screening standard published by the Accounting and Auditing Organization for Islamic Financial Institutions, the leading global standard-setting body for Islamic finance. It defines (1) prohibited business activities (alcohol, gambling, conventional financial services, pork, adult entertainment, weapons, tobacco) and (2) three financial-ratio thresholds: interest-bearing debt as a percentage of market cap (typically capped at 30%), interest-income as a percentage of total income (typically capped at 5%), and illiquid assets as a percentage of total assets. A stock must pass both the activity screen and all three ratio screens to be considered AAOIFI-compliant. Different scholars apply slightly different thresholds and denominators, which is why tools sometimes disagree on edge cases.
Which tool is best for US-based halal investors?
Depends on what you want to do. For active research and stock picking, invest-like or Zoya. For a hands-off managed portfolio, Wahed Invest. For a single mutual fund ticker inside a 401(k) or IRA, Amana or Iman Fund. For halal ETFs (HLAL, SPUS, SPSK), any standard US broker works and you do not need a halal-specific platform.
Are halal robo-advisors actually halal?
The Sharia compliance of a halal robo-advisor depends entirely on its Sharia advisory board, its underlying holdings, and the screening methodology used. Both Wahed Invest and Wealthsimple Halal Portfolio disclose their boards and methodology. Compliance is not a binary judgment of the entire firm - it is a continuous review of every underlying holding plus the cash-management practices around the AUM. If precise compliance matters to you, read the prospectus and the Sharia advisory board's published rulings, and consult a qualified scholar. No tool on this list, including invest-like, can substitute for a personal scholarly consultation.
Why aren't Sukuk-focused tools on this list?
This list is equity-focused. The retail halal universe is dominated by stock screening, halal equity funds, and halal robo-advisors. Sukuk (Islamic fixed-income) tooling at retail is much thinner - most sukuk exposure for retail investors comes either through Wahed's portfolios, Amana Participation Fund, or via individual sukuk purchased through specialty brokers. If sukuk is your primary interest, the institutional-grade data sits with IdealRatings (ranked #10 here for completeness), and at retail the most accessible exposure is through a halal multi-asset advisor like Wahed.
How often is this list updated?
Reviewed quarterly. Last reviewed May 25, 2026. Pricing, features, geographic availability, and rankings change frequently in this category. Please verify on each tool's website before subscribing.
Does this page issue a Sharia compliance ruling?
No. This page is educational only and does not issue any fatwa, ruling, or scholarly opinion. Sharia compliance of any specific tool, fund, or stock should be confirmed with a qualified scholar and the disclosed methodology of each platform. Tools that claim AAOIFI Standard 21 compliance are screening against a published standard, but the underlying scholarly review is the responsibility of each tool's own Sharia advisory board.
The 7-framework consensus screen is +73.8% vs the S&P 500 over five years - and every pick is logged in public.
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Backtested, not a forecast. See the full published track record. Educational only, never investment advice.
Educational only. Nothing on this page constitutes investment advice, an offer, or a solicitation to buy or sell any security, and nothing on this page constitutes a Sharia ruling, fatwa, or scholarly opinion. Pricing and feature data verified May 25, 2026 by visiting each vendor's public website. Verify before subscribing and consult a qualified scholar before relying on any compliance signal. Investment outcomes depend on many factors; past performance does not guarantee future results.