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Investing comparison

Akinda vs Amal Invest

Akinda and Amal Invest both offer investing. This page lines up 14 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 Sep 2026

At a glance

  • Both are available in all 50 states.
  • Akinda uses Stock Screener; Amal Invest uses Fund reconstruction with AAOIFI screening (via Zoya).
  • Shariah oversight: Akinda discloses Named Scholar; Amal Invest discloses Third-Party Certified.
  • HalalWallet Index: Akinda is not yet graded; Amal Invest holds a B-.
  • On measurable rows, Akinda has the better listed value on 0 and Amal Invest on 2.
  • They differ on 9 of the 14 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 Amal Invest: the full side-by-side

14 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
AI

Amal Invest

B-

14 of 14 rows

Availability

  • States covered

    Same
    Akinda: All 50 states
    Amal Invest: All 50 states
Costs

  • Management fee

    Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/mo
    Amal Invest: Not listed
Shariah

  • Structure

    Akinda: Stock Screener
    Amal Invest: Fund reconstruction with AAOIFI screening (via Zoya)

  • Shariah oversight

    Akinda: Named Scholar
    Amal Invest: Third-Party Certified

  • Shariah board / scholar

    Akinda: named_scholar
    Amal Invest: third_party_certified

  • Published fatwa / certificate

    Akinda: No
    Amal Invest: Yes Edge

  • Screening standard

    Akinda: AAOIFI Shari'ah Standard No. 21
    Amal Invest: Not listed
Products

  • Products listed

    Akinda: Akinda Halal Stock Screener
    Amal Invest: Halal Fund Builder (Grow & Save Portfolios)

  • Best for

    Akinda: Investors who want free, filing-level AAOIFI ratio math
    Amal Invest: Set-and-forget halal versions of mainstream index funds

  • Product types

    Akinda: Stock Screener
    Amal Invest: Fund Reconstruction Platform

  • Account types

    Akinda: Individual
    Amal Invest: Taxable brokerage (via Alpaca or Trading212); IRAs not currently supported

  • Focus

    Akinda: Halal Stock Screening
    Amal Invest: Not listed
Track record

  • HalalWallet Index grade

    Akinda: Not listed
    Amal Invest: B-

  • Founded

    Akinda: 2023
    Amal Invest: 2021 Edge

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

Amal Invest

  • Solves the screener-plus-brokerage juggling problem in one automated flow, a genuine gap between Zoya/Musaffa (screeners) and Wahed (managed portfolios)
  • Lifetime flat fee is structurally cheaper than robo-advisor AUM fees for larger portfolios
  • Named third-party certification (Amanah Advisors) with published explanation of the AAOIFI methodology
  • Continuous compliance automation: automatic sell-and-reinvest on non-compliance is rare even among halal robo-advisors
  • Ethical filters beyond Shariah screening, including a BDS filter, with user overrides
  • No retirement accounts: Alpaca integration does not support IRAs or 401(k)s, a significant gap versus Wahed and Amana
  • Amal is not an investment advisor; investors get automation, not advice
  • Operating company is Bahrain-based, so US investors rely on the Alpaca custody layer for regulatory protection
  • Historical return figures on the marketing site (28.3% and 14.6% per year) are illustrative backtests, not audited fund performance
  • Small team (about 3 people per Y Combinator), so key-person risk is real
Akinda - halal finance provider logo

Akinda

Visit Akinda Full review
AI

Amal Invest

Visit Amal Invest Full review

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Editorial comparisons

Akinda vs Zoya

Investing · with verdict

Akinda vs Musaffa

Investing · with verdict

How do Akinda and Amal Invest compare for investing?

Akinda and Amal Invest both offer investing. This page lines up 14 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; Amal Invest uses Fund reconstruction with AAOIFI screening (via Zoya).
  • Shariah oversight: Akinda discloses Named Scholar; Amal Invest 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: 2026-09-19

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Akinda vs Amal Invest”, https://www.halalwallet.us/compare/akinda-vs-amal-invest, 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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