| 1. Wahed Invest | Managed halal investing | Investors who want a guided halal portfolio rather than building and screening every holding themselves. | U.S. minimum $100; published U.S. wrap fee ranges from 0.49% + $60 to 0.49% annually. UK minimum £50. Confirm the schedule for the local entity. | Managed products differ by country; the U.S. and UK entities publish separate account, minimum, fee, and legal disclosures. | Managed halal portfolios with product-level screening and Shariah governance; the actual holdings depend on the regional portfolio selected. | Portfolio and certificate dates vary by product; recheck the current regional documents before funding. | Wahed manages the portfolio. Country, entity, wrapper, cash treatment, underlying funds, tax, and withdrawal terms still need local review. | Fees and product scope vary by country | Read review |
| 2. Musaffa | Halal stock screener | Frequent stock and ETF screening, portfolio monitoring, purification work, and deeper AAOIFI-focused research. | Premium is listed at $200 per year on the official pricing page; eligibility for promotions and current local pricing must be checked live. | Company reports 120,000+ stocks and 8,200+ ETFs across 60 markets; these are provider-reported coverage figures, not an independent audit. | AAOIFI-focused screen: 5% non-permissible revenue, 30% total assets for cash/interest-bearing items, and 30% trailing 36-month average market value for debt. | Depends on financial-statement and market-data refreshes; users should inspect the dated report for the security. | Research, monitoring, alerts, and purification support. Trades and broker-account settings remain outside Musaffa. | Paid features may be needed | Read review |
| 3. Zoya | Halal stock screener | A clean, mobile-first first pass on stocks and funds with optional paid research and methodology comparison. | U.S. help documentation lists Pro at $14.99/month or $119.99/year; app-store and country pricing can differ. | Official help lists stocks in 12 named countries plus OTC; U.S. coverage also includes stocks, ETFs, and mutual funds. | AAOIFI is the default. Pro can compare AAOIFI, S&P, MSCI, DJIM, and FTSE methods. | Zoya says U.S. issuers generally refresh quarterly, while many international issuers refresh semiannually or annually. | The free tier shows compliance status; Pro unlocks full reports and broader portfolio tools. A separate broker executes trades. | Deeper tools require Pro | Read review |
| 4. Islamicly | Halal screening app | Investors comparing an additional screening opinion and portfolio-monitoring workflow. | Monthly, quarterly, and annual plans are shown, but a current numeric price was not publicly verified from the rendered official page. | Official site advertises 32+ broker integrations; the current security-universe total was not publicly verified in the reviewed source. | AAOIFI-oriented stock screening, portfolio monitoring, purification, zakat, and broker integrations. | Official marketing states daily compliance updates; confirm what data and markets that cadence covers. | Screening and portfolio research; broker linkage does not make the linked broker account or every enabled feature Shariah-suitable. | Evidence record remains limited | Read review |
| 5. Sarwa | Managed portfolio platform | Middle East investors who want a guided portfolio route and can confirm the relevant Sarwa entity and halal portfolio terms. | Sarwa Invest publishes a 0.85% annual management fee and a $500 minimum for the halal portfolio; underlying product costs can also apply. | Seven risk levels are published. Eligibility depends on residency and restrictions; U.S. persons are not accepted for the reviewed route. | Managed halal portfolio using Islamic ETFs, sukuk, and a gold ETC; exact allocation depends on risk profile. | Managed portfolio monitoring and rebalancing; investors should recheck current holdings and fund documents. | Sarwa manages the portfolio. Eligibility, underlying-fund costs, cash, withdrawals, and tax remain investor-specific. | Country and entity restrictions | Read review |
| 6. Alpaca | Broker and trading infrastructure | Self-directed investors or developers who already have a separate Shariah screening process and need US-market execution infrastructure. | $0 commission is advertised for eligible U.S.-listed trades in self-directed individual cash accounts; regulatory, market, data, and other fees may apply. | U.S. brokerage and API workflow; market and country access depend on the account and product program. | No built-in halal screen established by the reviewed sources. Users must bring a separate methodology and screened universe. | Execution and market data are operational services; Shariah re-screening cadence comes from the external screener chosen by the user. | Alpaca documentation says live accounts open as margin accounts. Under $2,000 equity, buying power is limited to 1x; $2,000 can unlock margin and shorting permissions. | No built-in halal certification | Read review |
| 7. Interactive Brokers | Global broker access | Experienced self-directed investors who screen assets separately and need broad market and ETF access. | U.S. stocks/ETFs: published Pro pricing starts at $0.0005–$0.0035/share tiered or $0.005/share fixed, with minimums; other markets have separate schedules. | IBKR reports 170+ markets in 40 countries and 29 currencies. | No platform-wide halal screen in the reviewed brokerage sources. Pair it with an independent screener and current fund/security documents. | Trading and reference data update operationally; Shariah review frequency depends on the separate source selected. | Cash interest, margin, shorting, derivatives, and the Stock Yield Enhancement Program need explicit review. The lending program pays clients 50% of the market-based rate received by IBKR. | Not a halal platform by default | Read review |
| 8. Practical Islamic Finance | Halal investing research | Investors who want halal-screened ideas, portfolio commentary, education, and a community while keeping assets at their own broker. | Free, Premium, and Elite features are described; a current numeric membership price was not publicly verified from the official rendered plan page. | The provider reports 25,000 members; security-universe coverage was not publicly verified in the reviewed official plan page. | Research, halal-screened ideas, model portfolios, education, and analyst commentary; users place trades through their own broker. | Daily research is advertised; compliance and model-portfolio timing should be checked inside the plan selected. | Most subscriber funds stay at the subscriber's own broker. A separately described advisory product has a $100,000 minimum and should not be confused with the research membership. | Not direct trade execution | Read review |
| 9. ShariaPortfolio | US halal wealth management | US investors who want a fee-only adviser to build and manage a Shariah-compliant portfolio rather than selecting every holding themselves. | Express is presented for investors with $1,000 or more; Access is presented for clients with $100,000 or more. Advisory fees are asset-based and require the current disclosure brochure. | Four service routes are documented: Access, Express, 401(k), and Institutional. Eligibility remains subject to state notice filing and service rules. | Managed portfolios use stocks, mutual funds, and ETFs, with ShariaPortfolio stating that portfolios follow AAOIFI rules and receive adviser oversight. | Portfolio monitoring is ongoing; the current Form ADV, Form CRS, service page, allocation, and Shariah review should be checked at onboarding. | The digital and comprehensive wealth-management services have different minimums and support models. Custodian, asset-based fee, fund expenses, tax wrapper, and local eligibility remain account-specific. | General managed-account minimum is high | Read review |
| 10. Muslim Xchange | Multi-standard halal screener | Investors who want to compare stocks and ETFs across multiple Shariah standards and use purification, zakat, and portfolio tools. | Pro is listed at $9.99/month or $99/year; Max is $240/year. Recheck plan limits and currency before subscribing. | Company reports 32,000+ stocks and ETFs, eight Shariah standards, and 80+ data points per security. | AAOIFI, S&P, DJIM, FTSE, MSCI, Al Rajhi, Alinma, and Al Bilad screening standards. | Official membership page states compliance data updates quarterly and financial data updates daily. | Research, watchlists, portfolio analysis, purification, and zakat. Muslim Xchange states it is not a broker, investment adviser, or portfolio manager. | Paid plan for deeper access | Read review |
| 11. Finispia | Halal stock screening service | Consumers or businesses comparing halal screening, education, API, widget, and white-label research options. | A free trial includes three stock screens; current paid pricing was not publicly verified from the reviewed help pages. | Official help reports 220,000+ stocks across 90 exchanges. | Five named screening methods with consumer, API, widget, and business use cases. | Official help describes daily and intraday data updates; confirm which fields receive each cadence. | Screening and data tooling. Broker connection or separate brokerage access is still needed for execution. | Direct investing is not presented as live | Read review |
| 12. IdealRatings | Institutional screening data | Asset managers, institutions, and professional teams that need Islamic finance screening data and configurable research delivery. | Enterprise and institutional pricing is not publicly listed; buyers need a scope-specific quote or demo. | Company reports 40,000+ issuers, 450,000+ fixed-income instruments, and 850+ REITs; REIT coverage spans 35+ nations. | Configurable Islamic-finance screening across equities, ETFs, sukuk, REITs, and private assets, with purification and zakat datasets. | Official solutions material describes daily, monthly, and quarterly compliance delivery depending on dataset and mandate. | Licensed data, reports, portals, feeds, and custom screens — not a consumer brokerage account or trade-execution service. | Not a typical retail app | Read review |
| 13. Manzil | Canada and US halal managed investing | Canadian or US investors who want a managed halal portfolio with country-specific registered or taxable account options. | US Core: $48 annually plus 0.40% MER with a $100 minimum; the annual subscription is waived at $100,000. Canadian Corex fees need country-specific confirmation. | Canada pages document TFSA, RRSP, FHSA, RESP, LIRA, RRIF, personal, joint, corporate, and trust routes; US pages document taxable and retirement accounts. | Custom managed portfolios are provided by Corex in Canada and Manzil Investment Advisors in the US, with AAOIFI-oriented screening and purification estimates. | Portfolio holdings and purification estimates are published on dated pages; fee, entity, holdings, and supervisory evidence should be rechecked before funding. | Corex and Manzil Investment Advisors are different providers in different jurisdictions. Do not carry Canadian protection, pricing, or wrapper claims into the US route or vice versa. | Two country-specific legal structures | Read review |
| 14. Azzad Asset Management | US halal adviser and fund sponsor | US families seeking full-service halal wealth management, separately managed accounts, retirement planning, or established mutual funds. | Current advisory and fund costs depend on the service, portfolio, and share class. Read Form CRS, Form ADV, the advisory agreement, and each fund prospectus; no single universal fee applies. | Azzad documents separately managed accounts plus two proprietary mutual funds: the Azzad Ethical Fund and Azzad Wise Capital Fund. | AAOIFI-based security filtering, proprietary screening software, a named Shariah advisory board, and an outside compliance officer support managed accounts and funds. | Azzad says holdings are screened and managed on an ongoing basis; exact fund holdings, verification letters, prospectuses, and fee disclosures carry their own dates. | Full-service advisory, separately managed accounts, and proprietary mutual funds have different minimums, fees, conflicts, liquidity, and tax implications. | Service-specific pricing is complex | Read review |
| 15. Saturna Amana Funds | US halal mutual fund and ETF provider | US investors comparing actively managed halal equity, income, developing-market, sukuk, mutual fund, and ETF strategies. | The live 2026 equity ETFs list 0.61% for AMGR, 0.76% for AMEI, and 0.91% for AMEM. Mutual fund expenses and minimums differ by product and share class. | Saturna says its process screens more than 5,000 securities monthly, about 2,150 pass the Islamic screens, and a smaller recommended list receives deeper research. | Active fundamental management under published Islamic business and financial screens, with quarterly review by Amanie Advisors. | Security screening is described as monthly and Shariah review as quarterly; holdings, prospectuses, certifications, and performance have product-specific dates. | The provider offers mutual funds and ETFs, not one portfolio. Brokerage access, share class, retirement eligibility, tax, distribution policy, and product risk differ. | Products are not interchangeable | Read review |
| 16. SP Funds | US Shariah ETF family | Brokerage-first investors who want US-listed Shariah-screened equity, sukuk, real-estate, technology, international, or target-date exposure. | SPUS and SPWO list 0.45%; SPSK and SPRE list 0.50%; SPTE lists 0.55%. Brokerage commission, spread, tax, and account fees remain separate. | The five ETF rows cover US equity, global sukuk, global Shariah REITs, global technology, and international equity; target-date mutual funds are additional products. | Index ETFs use named S&P or Dow Jones Shariah benchmarks and publish ticker-specific holdings and prospectuses. | Official ETF pages publish dated daily holdings/pricing and monthly performance; recheck live values because assets, holdings, yields, and spreads change. | SP Funds issues funds and does not open the investor's brokerage account. Broker availability, wrapper, currency, tax, orders, cash, margin, and lending are separate. | Requires a separate broker | Read review |
| 17. amana | MENA broker with embedded screening | Eligible MENA investors who want physical US and regional shares or ETFs with an in-app Zoya-powered Shariah indicator. | The official fee table lists no commission, overnight financing fee, or clearing fee for exchange-traded US stocks and ETFs. Regional exchange/clearing charges, FX, spreads, and entity terms can differ. | amana reports 500,000+ users, 6,800 assets, 2,100+ physical US shares, and 1,100+ MENA shares; these scale figures are provider-reported. | Zoya-powered Shariah indicators and certification details are embedded at asset level. The same app also offers leveraged, derivative, forex, and crypto products. | The provider describes screening as real-time; each asset status, certifier, symbol, ownership form, and product type should still be checked at order time. | Exchange-traded physical shares/ETFs and OTC derivatives are different products. Avoid treating a blue-moon label as approval of margin, free-margin interest, leverage, crypto, or the entire account. | Broader platform includes leveraged products | Read review |
| 18. Tabadulat | ADGM Islamic execution platform | Eligible investors who want Shariah-screened stocks and ETFs, execution, purification data, and non-interest cash handling in one UAE-regulated app. | Eligible US stocks and halal ETFs carry 0% commission; trades below one whole share cost $0.94 and custody costs 0.25% annually. UAE residents also pay 5% VAT on those fees. | Tabadulat reports 40,000+ screened stocks and ETFs, 20+ markets, and 4,500+ investors. These are provider-reported scale claims, not independent measurements. | Execution-only matched-principal service using AAOIFI Standard No. 21: prohibited revenue below 5%, and interest-bearing debt and investments below 30% of market capitalization. | The provider says holdings are re-screened monthly and users receive a notification when a status changes; verify the timestamp shown for the asset in-app. | The account is self-directed and execution-only. Stocks, ETFs, fractional orders, custody, Murabaha savings, currency conversion, tax, and withdrawals have different structures and costs. | Custody and fractional-trade fees still apply | Read review |
| 19. Hyssa | Halal broker and screener | Eligible international investors seeking direct stock execution with built-in AAOIFI screening, compliance alerts, purification, and zakat tools. | A complete public numeric commission, custody, FX, and withdrawal schedule was not verified. Official help shows commissions in trade history and broker charges in withdrawal confirmation screens. | Official pages describe thousands of screened global stocks but do not publish a stable numeric universe total in the reviewed pages. | AAOIFI-oriented two-stage screen: prohibited revenue under 5%; prohibited borrowing and investments each below 30% of trailing average market capitalization. | Hyssa advertises real-time status monitoring and transaction blocking; the precise financial-statement ingestion cadence was not independently verified. | Trading is provided through the relevant Hyssa entity after KYC. Country restrictions, custody, cash, commissions, withdrawals, ownership, settlement, tax, and currency treatment still need account-level review. | Full numeric public pricing not verified | Read review |
| 20. Amal Invest | Halal fund portfolio builder | Long-term investors who want to filter conventional funds into direct-stock portfolios and automate monitoring and rebalancing through a connected execution route. | The main site lists Standard at $19.99/month and Pro at $39.99/month. Separate Pro lifetime and Trading 212 campaign offers exist, so buyers must match the price to the exact route. | The provider says Pro can filter 100,000+ ETFs and mutual funds; the main route advertises 10,000+ users. Both figures are company-reported. | The selected fund is decomposed, non-compliant holdings are removed using licensed Zoya data, and many direct-stock orders are placed to approximate the parent fund. | The provider describes continuous compliance monitoring and automated rebalancing. Users should verify the actual notification, sale, delay, and tax behavior of their selected integration. | Amal says it is not a brokerage service. Alpaca Securities or Trading 212 executes the investments depending on the route, while user whitelist settings can override default compliance filters. | Not itself a brokerage service | Read review |