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)
Methodology + disclosure
This 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.
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invest-like
AI value-investing research with halal modeFree / EUR 15 mo / EUR 299 lifetime
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.
Mobile-first halal stock screenerFree tier / $9.99 mo / $99.99 yr
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.
Sharia-compliance platform + halal portfolio toolsFree tier / $9.90 mo / $79 yr Premium / $199 yr Elite
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.
Halal robo-advisor (different category)0.49% to 0.99% AUM / $11.99 mo Wahed Pro
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.
Halal finance content + curated stock listFree / GBP 9 mo IFG Pro membership
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
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
Actively-managed halal mutual funds (US)Expense ratio 0.85% to 1.07%
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)
Halal-screened equity mutual fund (US)Expense ratio 1.31%
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.
Institutional halal index fundInstitutional / via brokerage
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.
Institutional Sharia screening provider (B2B)Institutional B2B (contact for pricing)
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
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.
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.
Best Halal Investing Tools in 2026 - 10 platforms compared honestly · invest-like