The halal investing ecosystem has matured. Muslim investors now have several apps and platforms to choose from, each with different strengths, Shariah oversight and pricing. This comparison sticks to what each platform states publicly. We build Halal Terminal, so read its rows with that in mind.
Facts checked on 2 October 2026 against zoya.finance, musaffa.com, islamicly.com and Wahed's US terms. Coverage and pricing change; the vendor's page wins over this table.
Platform Overview
| Platform | Type | Best for | Shariah oversight | Coverage |
|---|---|---|---|---|
| Zoya | Screening app | A clean app with ETF and mutual-fund look-through | AAOIFI, with Shariah advisors | 60,000+ stocks, plus funds |
| Musaffa | Screening app | The broadest international coverage | AAOIFI-based, with Shariah scholars | 120,000+ stocks and ETFs |
| Islamicly | Screening and investing app | Screening and investing in one place | Named Shariah board, AAOIFI | See vendor site |
| Wahed | Robo-advisor | Managed, hands-off halal portfolios | Shariah supervisory board; Shariah Review Bureau as advisor | Managed portfolios |
| Halal Terminal | Web terminal and API | Comparing standards and seeing the ratios behind a verdict | None: not a Shariah board, no fatwa | 50,000+ stocks, plus ETFs |
Pricing at a Glance
| Platform | Pricing |
|---|---|
| Zoya | Free tier and paid plans (see vendor); API from $39/mo |
| Musaffa | Free tier and paid plans (see vendor); API through sales |
| Islamicly | Subscriptions priced by country |
| Wahed (US) | Wrap fee of 0.79% a year, 0.49% from $100,000 |
| Halal Terminal | Terminal: free, Pro $49/mo. API: 500 free tokens/month without a card, then from $19/mo |
Which Platform Should You Choose?
For a scholar-backed verdict: Zoya, Musaffa or Islamicly
If you want to know whether a stock is halal, use a service with Shariah oversight. Zoya offers a polished app and strong ETF look-through. Musaffa has the broadest coverage and AAOIFI-based screening supported by Shariah scholars. Islamicly lets you screen and invest from one app, with a named Shariah board.
For passive investors: Wahed
If you prefer not to pick individual stocks, Wahed's managed portfolios give diversified halal exposure for a single annual fee.
To understand the verdict and compare standards: Halal Terminal
Halal Terminal runs five standards side by side (AAOIFI, DJIM, FTSE, MSCI and S&P) and shows each ratio with the figures and the denominator behind it. That is most useful on borderline stocks, where the standards and the apps disagree. It also covers portfolio tracking, zakat and purification, and an API with an MCP server for developers and AI agents. It is not a Shariah board and does not issue a verdict of its own.
A common setup: take your verdict from the scholar-backed app you trust, use Halal Terminal to understand the borderline cases, and hold a managed fund like Wahed for passive allocation.
Two ways to screen
Halal Terminal
Compare five Shariah standards side by side and see the ratios behind each verdict. Free to start, no card.
Key Takeaways
- Zoya: polished app, AAOIFI with Shariah advisors, strong ETF and fund look-through
- Musaffa: broadest coverage (120,000+ stocks), AAOIFI-based with Shariah scholars
- Islamicly: screening and investing in one app, named Shariah board
- Wahed: managed halal portfolios for a single annual fee
- Halal Terminal: five standards side by side with their ratios, free to start; use it alongside a scholar-backed app
Important Disclaimer
Not financial advice. The information provided on this page is for educational and informational purposes only and should not be construed as financial advice, investment advice, trading advice, or any other type of advice. You should not make any financial decisions based solely on the information presented here.
Not a fatwa. Shariah compliance screening results are generated using automated data analysis based on publicly available financial data. These results do not constitute a religious ruling (fatwa) and should not be treated as one. Always consult a qualified Islamic scholar or Shariah advisor for guidance specific to your situation.
Do your own research. Past performance and current compliance status do not guarantee future results or continued compliance. Screening data may contain errors or become outdated. Always verify information independently and consult with a qualified financial advisor before making any investment decisions.