Best Halal Investing & Trading Platforms in Saudi Arabia

Musaffa provides current official detail for pricing, provider-reported research coverage, its AAOIFI-focused ratio methodology, portfolio tools, purification, and the boundary between research and trade execution.

• Musaffa's official pricing page lists Premium at 200 USD per year and reports coverage of more than 120,000 stocks and 8,200 ETFs.
• Musaffa reports coverage across 60 markets and provides halal ratings, detailed reports, portfolio tracking, purification, and zakat tools.
• Musaffa publishes an AAOIFI-focused methodology including 5% non-permissible revenue, 30% cash and interest-bearing assets, and 30% debt thresholds.
• Musaffa's public disclosure says Musaffa LLC is a U.S. SEC-registered investment adviser and not a broker-dealer.

Al Rajhi Bank has strong public identity as a Saudi Islamic bank and publishes product pages, fee documents, and Shariah governance material. Country and product scope still matter because Al Rajhi operates across several markets.

• Al Rajhi Bank publishes official retail, financing, remittance, and business banking product pages.
• Al Rajhi publishes Shariah governance information through official bank channels and disclosures.
• Fee and service-charge information should be checked at product level before opening an account or using financing.
• Availability differs by country, so Saudi, Kuwait, Jordan, and Malaysia references should not be mixed without checking the relevant entity.

Sarwa has good official evidence for fees, minimum investment, regulation, and halal portfolio construction. The Shariah claim needs careful wording because Sarwa also discloses that it does not hold an FSRA Islamic Window endorsement.

• Sarwa Invest fees range from 0.4% to 0.85% annually, with a monthly minimum charge disclosed by Sarwa.
• Sarwa's help center lists a 500 USD minimum for Halal Portfolios.
• Sarwa describes Halal Portfolios as using BlackRock Islamic ETFs and Franklin Global Sukuk Fund.
• Sarwa Digital Wealth (Capital) Limited states it is regulated by the FSRA in ADGM.

Sukuk.com is a research database and industry directory, not a retail brokerage account. Its profiles can help users find issuers, structures, ratings, documents, and indicative data, but the site explicitly warns that information may be incomplete.

• Sukuk.com publishes issued-sukuk profiles with issuer, arranger, structure, profit rate, rating, maturity, and supporting-document fields.
• The site covers structures such as ijara, murabaha, mudaraba, musharaka, and wakala.
• Sukuk.com is a research resource rather than a custodian, broker, or guarantee provider.
• The site's own disclaimer says data may be incorrect or incomplete, so users must check the original prospectus and issuer disclosures.

This platform is listed in the HIG directory, but the page-level source review has not been completed yet. We are not treating catalog data as verified evidence.

• The HIG directory has an official website link for this platform.
• No current fee, regulator, product, or Shariah claim is being presented as verified on this page.

Binance has clear public fee and risk-warning pages, but it is not a halal certification service. The review should emphasize asset-by-asset screening, local availability, and avoiding leveraged, lending, earn, futures, and interest-like products unless independently reviewed.

• Binance publishes spot trading fee information and platform risk warnings.
• Cryptoasset availability and product availability vary by jurisdiction.
• Binance is a trading venue, not a Shariah board or halal asset screener.
• Earn, staking, lending, margin, futures, options, and leveraged products require separate Shariah and risk review.