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Investing comparison

Akinda vs Allied Asset Advisors

Akinda and Allied Asset Advisors both offer investing. This page lines up 18 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Oct 2026

At a glance

  • Both are available in all 50 states.
  • Akinda uses Stock Screener; Allied Asset Advisors uses Shariah-Screened Mutual Fund.
  • Shariah oversight: Akinda discloses Named Scholar; Allied Asset Advisors discloses Third-Party Certified.
  • HalalWallet Index: Akinda is not yet graded; Allied Asset Advisors holds a B.
  • On measurable rows, Akinda has the better listed value on 0 and Allied Asset Advisors on 1.
  • They differ on 9 of the 18 data points we list for investing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Akinda vs Allied Asset Advisors: the full side-by-side

18 data points from each provider's published materials, lined up row by row. They differ on 9.

Akinda - halal finance provider logo

Akinda

Not graded
AA

Allied Asset Advisors

B

18 of 18 rows

Availability

  • States covered

    Same
    Akinda: All 50 states
    Allied Asset Advisors: All 50 states
Costs

  • Expense ratio

    Akinda: Not listed
    Allied Asset Advisors: 1.29% gross; 0.99% net after the advisor's fee waiver to 0.70% (in effect through 2028-09-30, per the September 30, 2026 prospectus)

  • Management fee

    Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/mo
    Allied Asset Advisors: Not listed

  • Minimum investment

    Akinda: Not listed
    Allied Asset Advisors: $250 regular accounts; $100 IRAs (Traditional, Roth, SEP, SIMPLE) and Coverdell ESAs; $50 subsequent investments
Shariah

  • Structure

    Akinda: Stock Screener
    Allied Asset Advisors: Shariah-Screened Mutual Fund

  • Shariah oversight

    Akinda: Named Scholar
    Allied Asset Advisors: Third-Party Certified

  • Shariah board / scholar

    Akinda: named_scholar
    Allied Asset Advisors: third_party_certified

  • Published fatwa / certificate

    Same
    Akinda: No
    Allied Asset Advisors: No

  • Screening standard

    Akinda: AAOIFI Shari'ah Standard No. 21
    Allied Asset Advisors: AAOIFI-standard sector and financial screens with IdealRatings certification; excludes alcohol, tobacco, pork, conventional financials, defense, gambling, pornography, and interest-bearing debt
Products

  • Products listed

    Akinda: Akinda Halal Stock Screener
    Allied Asset Advisors: Iman Fund (IMANX)

  • Best for

    Akinda: Investors who want free, filing-level AAOIFI ratio math
    Allied Asset Advisors: Long-term halal growth investing through IRAs and 401(k) rollovers

  • Product types

    Akinda: Stock Screener
    Allied Asset Advisors: Mutual Fund

  • Tickers

    Akinda: Not listed
    Allied Asset Advisors: IMANX

  • Account types

    Akinda: Individual
    Allied Asset Advisors: Regular taxable, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA +1 more

  • Focus

    Akinda: Halal Stock Screening
    Allied Asset Advisors: Not listed
Track record

  • HalalWallet Index grade

    Akinda: Not listed
    Allied Asset Advisors: B

  • Founded

    Akinda: 2023
    Allied Asset Advisors: 2000 Edge

  • Assets under management

    Akinda: Not listed
    Allied Asset Advisors: $271.6M total net assets (fund fact sheet, 2026-06-30)

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Akinda

  • Free tier includes full stock-screener access, not status-only lookups
  • Every verdict displays the underlying AAOIFI ratios so users can verify the result
  • Named AAOIFI-certified adviser (CSAA): Dr. Muhammad Nazir Khan
  • Available worldwide on web, iOS, and Android
  • A research tool, not a brokerage - Akinda does not hold client funds, execute trades, or manage portfolios
  • Single named scholar rather than a multi-member Shariah supervisory board
  • Screening coverage is US, UK, and Canada listed equities, narrower than Musaffa's global universe
  • Founded in 2023, so a shorter operating history than Zoya or Musaffa

Allied Asset Advisors

  • 25-year track record under one manager, rare in halal investing
  • Community ownership pedigree: NAIT, the nonprofit waqf that holds titles for hundreds of US mosques, stands behind the advisor
  • Strong recent performance disclosed by the advisor: 29% in 2023 and 20.6% in 2024; $10,000 invested 2016-05-31 grew to $38,048 by 2026-05-31, and the June 30, 2026 fact sheet reports a 39.17% one-year return
  • Accessible: $100 IRA minimum and availability inside major brokerage platforms
  • No load, no 12b-1; fee waiver keeps net expenses at 0.99% through September 2028
  • Net expense ratio of 0.99% is higher than index-style halal competitors such as SP Funds ETFs, and the waiver keeping it there runs through September 2028 and is renewable rather than permanent
  • Only one scholar, Sheikh Muzammil Siddiqi (Principal Shariah Advisor), is named on the advisor's site, and the prospectus says Shariah-compliance advice comes from NAIT, the advisor's own parent, rather than an independent board - a thinner disclosure than Amana's or Azzad's
  • Concentrated ownership risk disclosed in the prospectus: NAIT owned 50.11% of the fund's shares as of August 31, 2025, and a large NAIT redemption could force untimely sales
  • Growth-tilted single-fund strategy with no fixed-income or diversifying sister funds under the same advisor
Akinda - halal finance provider logo

Akinda

Visit Akinda Full review
AA

Allied Asset Advisors

Visit Allied Asset Advisors Full review

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Editorial comparisons

Akinda vs Zoya

Investing · with verdict

Akinda vs Musaffa

Investing · with verdict

How do Akinda and Allied Asset Advisors compare for investing?

Akinda and Allied Asset Advisors both offer investing. This page lines up 18 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all 50 states.
  • Akinda uses Stock Screener; Allied Asset Advisors uses Shariah-Screened Mutual Fund.
  • Shariah oversight: Akinda discloses Named Scholar; Allied Asset Advisors discloses Third-Party Certified.

Source: HalalWallet (halalwallet.us)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-10-08

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Akinda vs Allied Asset Advisors”, https://www.halalwallet.us/compare/akinda-vs-allied-asset-advisors, retrieved 2026-11-12).

For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.

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.

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