Zoya is one of the most widely used halal investing apps for Muslims who want to screen stocks for Shariah compliance.
The app helps investors determine whether publicly traded companies meet Islamic finance guidelines by applying financial and business activity screens.
For Muslims who want to build their own halal stock portfolio, tools like Zoya can help simplify the screening process.
If you are new to halal investing, start with this guide:
Ready to compare halal options?
What Is Zoya?
Zoya is a halal investing app designed to help Muslims determine whether individual stocks meet Shariah compliance standards.
Instead of managing portfolios or acting as a brokerage, Zoya focuses on screening companies based on Islamic finance guidelines.
The platform analyzes companies using Shariah screening standards that evaluate both business activity and financial ratios.
This allows investors to quickly check whether a stock appears compliant before deciding whether to invest.
How Zoya Screens Stocks
Zoya evaluates companies using Shariah screening methodologies commonly used in Islamic finance.
The screening process typically involves two main checks.
- Business activity screening to ensure companies are not involved in prohibited industries
- Financial ratio screening to limit exposure to interest-based debt and income
Companies that pass these screening criteria are generally considered permissible for Muslim investors.
If a company fails the screening process, the app will label the stock as non-compliant.
What Industries Are Typically Excluded?
Most Shariah screening standards exclude companies involved in industries considered impermissible under Islamic law.
Examples commonly include:
- Conventional banking and interest-based financial services
- Alcohol production or distribution
- Gambling or betting businesses
- Adult entertainment
- Tobacco-related businesses
These exclusions help Muslim investors avoid companies that generate revenue from prohibited activities.
Key Features of the Zoya App
Zoya provides several tools designed specifically for halal investors.
- Stock compliance screening
- Detailed financial ratio analysis
- Portfolio compliance tracking
- Educational content on halal investing
The app is designed to make Shariah compliance information accessible to individual investors who may not have deep expertise in Islamic finance.
Does Zoya Manage Investments?
No. Zoya does not manage portfolios or execute trades.
Instead, it functions as a research and screening tool.
Investors typically use Zoya alongside a brokerage account where they place trades after verifying that a stock appears Shariah compliant.
For investors who prefer automated portfolios instead of selecting stocks themselves, you may want to explore robo-advisors designed for halal investing.
Learn more here:
Zoya Pricing
Zoya offers both free and paid tiers.
The free version provides basic stock screening tools, while the paid version offers additional features such as deeper financial analysis and portfolio tracking.
Pricing and features may change over time, so it’s always best to check the app directly for the latest details.
Zoya vs Other Halal Investing Apps
Zoya is often compared with other halal investing platforms.
The biggest difference is that Zoya focuses on stock screening rather than portfolio management.
For example:
- Zoya focuses on Shariah stock screening
- Wahed Invest offers automated halal investment portfolios
- Musaffa provides stock screening tools and Islamic finance education
You can compare different platforms here:
Who Should Use Zoya?
Zoya may be a good fit for Muslim investors who prefer to choose their own stocks.
The platform is especially helpful for investors who want a quick way to verify whether a company appears to meet Shariah compliance guidelines.
It is less suitable for investors looking for a fully managed halal portfolio.
Frequently Asked Questions
Is Zoya a brokerage?
No. Zoya does not execute trades or hold investments. It is a research and screening tool used to evaluate whether stocks meet Shariah compliance guidelines.
Can Zoya guarantee a stock is halal?
No screening app can provide a definitive religious ruling. Zoya applies widely used Shariah screening methodologies, but investors may still consult scholars or conduct additional research.
Is Zoya suitable for beginner investors?
Yes. The app is designed to simplify Shariah compliance screening, which can make it helpful for beginners learning about halal investing.
The Bottom Line
Zoya is one of the most useful tools available for Muslims who want to screen stocks for Shariah compliance.
While it does not manage investments directly, the platform can help investors evaluate companies and build halal portfolios with greater confidence.
Compare providers in your state
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
If you want to explore halal investing options available today, start here:
