Investing alternatives
Compassionate Capital Alternatives
6 halal investing providers in the U.S. that compete with Compassionate Capital, ranked by HalalWallet Index grade, disclosed Shariah oversight, and state coverage. Independent: we are not affiliated with Compassionate Capital or any provider listed here.
Co-Founder & CEO, HalalWallet
Re-ranked automatically when Index grades, oversight, or coverage change in our database.
The closest alternatives to Compassionate Capital for halal investing in the U.S. are Wahed Invest, ShariaPortfolio and Amana Funds. Wahed charges 0.49% (plus $60 a year under $100K) with a $100 minimum, third-party-certified Shariah oversight, and nationwide SEC registration; Compassionate Capital matches the fee with a human adviser and more account types but has no board of its own and is registered in five states. The highest HalalWallet Index grade among the alternatives belongs to Manzil (A). Where Compassionate Capital still wins: Flat 0.50% advisory fee on passive Sharia portfolios, competitive with Wahed and far below the firm's own active tiers.
- 6 of 13 investing providers we track in the U.S. are ranked here; the rest fell below on Index grade, Shariah oversight, or reviews.
- Index grades among the alternatives: Wahed Invest B, ShariaPortfolio B, Manzil A, SPFunds A-, Allied Asset Advisors B+ (Compassionate Capital is not yet graded).
- Wahed Invest, ShariaPortfolio and Amana Funds cover states Compassionate Capital does not (Compassionate Capital: 5 states).
- Product types across the alternatives: Index-based, Wealth Management, Actively managed, Shariah-Screened Mutual Fund (Compassionate Capital: Wealth Management).
- Most common reason to look elsewhere: No named Shariah scholar or board at the adviser; compliance is inherited from the SP Funds ETFs.
Source: HalalWallet (halalwallet.us)
Top 6 Compassionate Capital alternatives for 2026
- Grade B
- Shariah oversight
- Shariah oversight: Third-party certified
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Index-based
- Track record
- Since: 2015 | Google: 4.5/5
vs Compassionate Capital: Wahed charges 0.49% (plus $60 a year under $100K) with a $100 minimum, third-party-certified Shariah oversight, and nationwide SEC registration; Compassionate Capital matches the fee with a human adviser and more account types but has no board of its own and is registered in five states.
Reaches 46 states Compassionate Capital does not list: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut and 40 more.
- Grade B
- Shariah oversight
- Shariah oversight: Named scholar
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Wealth Management
- Track record
- Since: 2013
vs Compassionate Capital: Same founder and same SP Funds ETFs; ShariaPortfolio Access starts at $100,000 with a named Sharia advisor, while Compassionate Capital offers the passive version at 0.50% with little or no minimum.
Reaches 46 states Compassionate Capital does not list: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut and 40 more.
- Not graded
- Shariah oversight
- Shariah oversight: Third-party certified
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Actively managed
- Track record
- Since: 1986
vs Compassionate Capital: Amana offers independently managed halal mutual funds with a formal Shariah board; Compassionate Capital wraps a related group's ETFs in an advisory relationship.
Reaches 46 states Compassionate Capital does not list: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut and 40 more.
- Grade A
#4
Manzil
- Shariah oversight
- Shariah oversight: Formal Shariah board
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Wealth Management
- Track record
- Since: 2017
Reaches 46 states Compassionate Capital does not list: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut and 40 more.
Our take: Manzil US pairs a young American platform with a proven Canadian parent: SEC-registered, AAOIFI-screened, scholar-certified investing from $100, plus the MNZL ETF for one-ticket halal exposure.
- Grade A-
#5
SPFunds
- Shariah oversight
- Shariah oversight: Third-party certified
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Index-based
- Track record
- Since: 2019
Reaches 46 states Compassionate Capital does not list: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut and 40 more.
Our take: SP Funds provides essential building blocks for a diversified halal investment portfolio. SPUS for equities at 0.45%, SPSK for sukuk, and specialty ETFs for targeted exposure. If you're a self-directed investor, SP Funds ETFs should be on your shortlist.
- Grade B+
- Shariah oversight
- Shariah oversight: Third-party certified
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Shariah-Screened Mutual Fund
- Track record
- Since: 2000
Reaches 46 states Compassionate Capital does not list: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut and 40 more.
Our take: The Iman Fund is a legitimate, durable pillar of US halal investing: 25 years, one manager, community waqf ownership, and easy access through mainstream brokerages.
Compassionate Capital vs the alternatives at a glance
| Provider | Index grade | Shariah oversight | Coverage | Structure | Since |
|---|---|---|---|---|---|
| Compassionate Capital(this review) | Not graded | n/a | 5 states | Wealth Management | 2003 |
| Wahed Invest | B | Third-party certified | All 50 states | Index-based | 2015 |
| ShariaPortfolio | B | Named scholar | All 50 states | Wealth Management | 2013 |
| Amana Funds | Not graded | Third-party certified | All 50 states | Actively managed | 1986 |
| Manzil | A | Formal Shariah board | All 50 states | Wealth Management | 2017 |
| SPFunds | A- | Third-party certified | All 50 states | Index-based | 2019 |
| Allied Asset Advisors | B+ | Third-party certified | All 50 states | Shariah-Screened Mutual Fund | 2000 |
Index grades are HalalWallet's independent scorecard. Oversight and coverage are what each provider publishes, last verified 2026-10-27. Not graded means the category or provider is outside the Index, not a negative mark.
Why people look for a Compassionate Capital alternative
- No named Shariah scholar or board at the adviser; compliance is inherited from the SP Funds ETFs
- Closed-loop economics: you pay the Virji group the 0.50% advisory fee plus 0.45-0.55% ETF expense ratios, a conflict the ADV discloses
- Website ('no minimum') and Form ADV ('$50,000, waivable') disagree on the account minimum
- State-registered in five states only; other states served under de minimis exemptions of up to five clients each
- Very small firm ($33.5M AUM, 4 employees); active tiers start at an expensive 2.00%
- Brochure and marketing are thin; the FAQ contains typos and the account-types page has no detail
When Compassionate Capital is still the right choice
- Flat 0.50% advisory fee on passive Sharia portfolios, competitive with Wahed and far below the firm's own active tiers
- Human fiduciary adviser rather than a pure robo, with phone, email, and in-person support
- Wider account menu than most halal platforms, including UTMA and Coverdell ESA for children's savings
- 23-year registration history, no disclosures on Form ADV, fee-only with Schwab custody
- Portfolios use the SP Funds ETFs, which carry published quarterly purification factors
Our verdict on Compassionate Capital: A fair-priced, fiduciary way to hold an SP Funds portfolio with a human on the phone, best suited to beginners, small accounts, and families opening UTMA or Coverdell accounts. Go in understanding the closed loop between the adviser and the funds, confirm the minimum in writing, and check that your state is covered.
Still deciding?
The ranking above is category-wide. For a state-by-state, structure-by-structure view of every provider, use the comparison tool.
Compare halal ETFs with live performance dataHow this ranking works
The pool is every provider with active investing listings in the U.S. in HalalWallet's database (13 besides Compassionate Capital). Providers our editors have written a direct comparison for appear first; the rest are ordered by live HalalWallet Index grade, then disclosed Shariah oversight (formal board or third-party certification ranks above a named scholar, which ranks above no public review), then Google rating. Nothing here is paid placement. See our methodology and how Index grades are computed.
Frequently asked questions
What is the best alternative to Compassionate Capital?
Wahed Invest ranks first among Compassionate Capital alternatives for halal investing with a HalalWallet Index grade of B, third-party certified Shariah oversight, and coverage of all 50 states. Wahed charges 0.49% (plus $60 a year under $100K) with a $100 minimum, third-party-certified Shariah oversight, and nationwide SEC registration; Compassionate Capital matches the fee with a human adviser and more account types but has no board of its own and is registered in five states. ShariaPortfolio and Amana Funds follow. The right pick depends on your state, the contract structure you are comfortable with, and total cost, so get quotes from at least two.
Which Compassionate Capital alternative is available in my state?
Compassionate Capital lists 5 states. Wahed Invest adds 46 states Compassionate Capital does not list (Alaska, Alabama, Arkansas, Arizona, Colorado and 41 more). ShariaPortfolio adds 46 states Compassionate Capital does not list (Alaska, Alabama, Arkansas, Arizona, Colorado and 41 more). Amana Funds adds 46 states Compassionate Capital does not list (Alaska, Alabama, Arkansas, Arizona, Colorado and 41 more). Manzil adds 46 states Compassionate Capital does not list (Alaska, Alabama, Arkansas, Arizona, Colorado and 41 more). Coverage comes from each provider's published state list and changes; confirm before you apply.
How do Compassionate Capital's alternatives differ in approach?
Compassionate Capital is listed as wealth management. ShariaPortfolio and Manzil take the same approach. Other approaches among the alternatives: index-based, actively managed, shariah-screened mutual fund. The practical differences are who does the Shariah screening (you, an app, or a manager), what it costs at your balance, and how purification of impermissible income is reported. Match the approach to how hands-on you want to be.
Which alternative has the strongest Shariah oversight?
Wahed Invest (third-party certified), Amana Funds (third-party certified), Manzil (formal shariah board), SPFunds (third-party certified), Allied Asset Advisors (third-party certified) disclose either a formal Shariah board or third-party certification. HalalWallet reports what each provider publishes; we do not certify products.
Should I switch from Compassionate Capital?
Reasons readers look elsewhere: No named Shariah scholar or board at the adviser; compliance is inherited from the SP Funds ETFs; Closed-loop economics: you pay the Virji group the 0.50% advisory fee plus 0.45-0.55% ETF expense ratios, a conflict the ADV discloses. Reasons to stay: Flat 0.50% advisory fee on passive Sharia portfolios, competitive with Wahed and far below the firm's own active tiers; Human fiduciary adviser rather than a pure robo, with phone, email, and in-person support. Switching mid-contract can trigger payoff terms and new closing costs, so compare the total cost of finishing with Compassionate Capital against a new contract elsewhere, and check the early-payoff clause first.
How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-01