Investing alternatives
Zoya Alternatives
6 halal investing providers in the U.S. that compete with Zoya, ranked by HalalWallet Index grade, disclosed Shariah oversight, and state coverage. Independent: we are not affiliated with Zoya 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 Zoya for halal investing in the U.S. are Musaffa, Wahed Invest and Amana Funds. Musaffa pairs AAOIFI screening with its own C - to A+ compliance ranking and in-app brokerage via Alpaca; Zoya counters with five switchable methodologies, more third-party broker integrations, and Zoya Direct's fee-free direct indexing. The highest HalalWallet Index grade among the alternatives belongs to Manzil (A). Where Zoya still wins: Methodological transparency few competitors match - full reports show the exact ratios and thresholds, Pro users can compare five screening standards side by side, and Zoya openly explains why its ratings may differ from other screeners.
- 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, Manzil A, SPFunds A-, Allied Asset Advisors B+ (Zoya is not yet graded).
- Zoya is available nationwide across the U.S., so coverage is not a reason to switch.
- Product types across the alternatives: ETF Screener, Index-based, Actively managed, Wealth Management, Shariah-Screened Mutual Fund (Zoya: Stock Screener).
- Most common reason to look elsewhere: Advisor-guided rather than board-certified: Zoya describes its screening as an 'independent interpretation' of AAOIFI and other standards - it is not affiliated with or certified by the standard-setters.
Source: HalalWallet (halalwallet.us)
Top 6 Zoya alternatives for 2026
- Not graded
#1
Musaffa
- Shariah oversight
- Shariah oversight: Formal Shariah board
- Coverage
- Coverage: all 50 states
- Structure
- Structure: ETF Screener
- Track record
- Since: 2020
vs Zoya: Musaffa pairs AAOIFI screening with its own C - to A+ compliance ranking and in-app brokerage via Alpaca; Zoya counters with five switchable methodologies, more third-party broker integrations, and Zoya Direct's fee-free direct indexing.
- 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 Zoya: Wahed manages a halal portfolio for you for a wrap fee; Zoya is for self-directed investors who pick their own stocks and want screening, monitoring, and zakat tooling around their existing broker.
- Not graded
- Shariah oversight
- Shariah oversight: Third-party certified
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Actively managed
- Track record
- Since: 1986
vs Zoya: Amana offers professionally managed halal funds with 40 years of history; Zoya users build their own portfolios - and can even screen Amana and other funds' underlying holdings in-app.
- Grade A
#4
Manzil
- Shariah oversight
- Shariah oversight: Formal Shariah board
- Coverage
- Coverage: all 50 states
- Structure
- Structure: Wealth Management
- Track record
- Since: 2017
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
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
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.
Zoya vs the alternatives at a glance
| Provider | Index grade | Shariah oversight | Coverage | Structure | Since |
|---|---|---|---|---|---|
| Zoya(this review) | Not graded | Named scholar | All 50 states | Stock Screener | 2020 |
| Musaffa | Not graded | Formal Shariah board | All 50 states | ETF Screener | 2020 |
| Wahed Invest | B | Third-party certified | All 50 states | Index-based | 2015 |
| 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 Zoya alternative
- Advisor-guided rather than board-certified: Zoya describes its screening as an 'independent interpretation' of AAOIFI and other standards - it is not affiliated with or certified by the standard-setters
- Pricing is inconsistent across its own surfaces - the help center says $14.99/month while the web checkout offers pay-what-you-fair around $9-11/month
- Coverage counts vary across Zoya's own pages (30,000, 40,000, and 60,000+ are all claimed in different places), and all user and asset figures are company-reported
- Free tier is thin: compliance status without full reports, one linked account, AAOIFI only, top-10 fund holdings only - most of the value sits behind Pro
- ETF and mutual fund screening covers US-listed funds only, and 'connected assets' means user-linked brokerage balances, not assets Zoya manages
When Zoya is still the right choice
- Methodological transparency few competitors match - full reports show the exact ratios and thresholds, Pro users can compare five screening standards side by side, and Zoya openly explains why its ratings may differ from other screeners
- Non-custodial by design: your assets stay at your broker, Zoya passes orders through - trading via Alpaca Securities (FINRA/SIPC) plus six other brokers across the US, Canada, and Australia
- Zoya Direct is a real innovation - recreate any index or ETF with only Shariah-compliant holdings, with no AUM fee or expense ratio, democratizing direct indexing
- Practical worship tooling: three documented purification methods with worked examples, Bradford-methodology zakat calculation across the whole connected portfolio, and Every.org donation rails
- Credible scholarship - Sheikh Joe Bradford holds AAOIFI's CSAA certification and was a senior Shariah consultant at Al Rajhi Bank; Sheikh Umer Khan is a mufti with a Wharton finance master's
- Honest gray-area handling: 'Questionable' ratings flag scholarly disagreement or thin disclosure instead of forcing a binary verdict, and an AFSC-sourced Controversies section surfaces human-rights flags
Our verdict on Zoya: For self-directed halal investors, Zoya is the best-in-class companion app: transparent multi-standard screening, real trading integrations, genuinely innovative direct indexing, and scholar-grounded zakat and purification support - all non-custodial. Treat the scale claims as company-reported, know that the deep features live in Pro, and if you want a formal Shariah-board certification behind every rating, understand Zoya offers expert advisor guidance instead.
Still deciding?
The ranking above is category-wide. For a state-by-state, structure-by-structure view of every provider, use the comparison tool.
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How this ranking works
The pool is every provider with active investing listings in the U.S. in HalalWallet's database (13 besides Zoya). 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 Zoya?
Musaffa ranks first among Zoya alternatives for halal investing, formal shariah board Shariah oversight, and coverage of all 50 states. Musaffa pairs AAOIFI screening with its own C - to A+ compliance ranking and in-app brokerage via Alpaca; Zoya counters with five switchable methodologies, more third-party broker integrations, and Zoya Direct's fee-free direct indexing. Wahed Invest 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 Zoya alternative is available in my state?
Zoya itself is available nationwide across the U.S.. Musaffa, Wahed Invest, Amana Funds and Manzil also operate nationwide across the U.S..
How do Zoya's alternatives differ in approach?
Zoya is listed as stock screener. Other approaches among the alternatives: etf screener, index-based, actively managed, wealth management, 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?
Musaffa (formal shariah board), 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. Zoya itself is classed as named scholar. HalalWallet reports what each provider publishes; we do not certify products.
Should I switch from Zoya?
Reasons readers look elsewhere: Advisor-guided rather than board-certified: Zoya describes its screening as an 'independent interpretation' of AAOIFI and other standards - it is not affiliated with or certified by the standard-setters; Pricing is inconsistent across its own surfaces - the help center says $14.99/month while the web checkout offers pay-what-you-fair around $9-11/month. Reasons to stay: Methodological transparency few competitors match - full reports show the exact ratios and thresholds, Pro users can compare five screening standards side by side, and Zoya openly explains why its ratings may differ from other screeners; Non-custodial by design: your assets stay at your broker, Zoya passes orders through - trading via Alpaca Securities (FINRA/SIPC) plus six other brokers across the US, Canada, and Australia. Switching mid-contract can trigger payoff terms and new closing costs, so compare the total cost of finishing with Zoya 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