Akinda vs Amana Funds
Akinda and Amana Funds both offer investing. This page lines up 19 listed data points side by side, with 11 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; Amana Funds uses Mutual Funds / Actively managed.
- Shariah oversight: Akinda discloses Named Scholar; Amana Funds discloses Third-Party Certified.
- HalalWallet Index: Akinda is not yet graded; Amana Funds holds a B-.
- On measurable rows, Akinda has the better listed value on 0 and Amana Funds on 1.
- They differ on 11 of the 19 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 Amana Funds: the full side-by-side
19 data points from each provider's published materials, lined up row by row. They differ on 11.
19 of 19 rows
States covered
SameAkinda: All 50 statesAmana Funds: All 50 states
Expense ratio
Akinda: Not listedAmana Funds: 1.20% (AMDWX) / 0.98% (AMIDX) (Amana Developing World Fun…) · 0.61% (Amana Growth ETF) · 0.76% (Amana Equity Income ETF) · 0.91% (Amana Developing World ETF) · 0.82% (AMAPX) / 0.59% (AMIPX) (Amana Participation Fund (…) · 0.86% (AMAGX) / 0.61% (AMIGX) (Amana Growth Fund (AMAGX)) · 1.01% (AMANX) / 0.76% (AMINX) (Amana Income Fund (AMANX))Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/moAmana Funds: 0.80% (Amana Developing World Fun…) · 0.50% (Amana Participation Fund (…) · 0.58% (Amana Growth Fund (AMAGX)) · 0.73% (Amana Income Fund (AMANX))Minimum investment
Akinda: Not listedAmana Funds: $100 ($100,000 institutional) (Amana Developing World Fun…) · 1 share on Nasdaq (fractional at supporting brokers) (Amana Growth ETF)
Structure
Akinda: Stock ScreenerAmana Funds: Mutual Funds / Actively managedShariah oversight
Akinda: Named ScholarAmana Funds: Third-Party CertifiedShariah board / scholar
Akinda: named_scholarAmana Funds: third_party_certifiedPublished fatwa / certificate
SameAkinda: NoAmana Funds: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21Amana Funds: AAOIFI standards (Amana Developing World Fun…) · Saturna Capital Islamic screens, reviewed by Amanie Advisors (Amana Growth ETF)
Products listed
Akinda: Akinda Halal Stock ScreenerAmana Funds: Amana Developing World Fund (AMDWX), Amana Growth ETF, Amana Equity Income ETF, Amana Developing World ETF, Amana Participation Fund (AMAPX), Amana Growth Fund (AMAGX) +1 moreBest for
Akinda: Investors who want free, filing-level AAOIFI ratio mathAmana Funds: Halal emerging market exposureProduct types
Akinda: Stock ScreenerAmana Funds: Mutual Fund, ETFTickers
Akinda: Not listedAmana Funds: AMDWX, AMGR, AMEI, AMEM, AMAPX +2 moreHoldings
Akinda: Not listedAmana Funds: 31 (Amana Growth ETF) · 32 (Amana Equity Income ETF)Account types
Akinda: IndividualAmana Funds: Individual, IRA, Roth IRAFocus
Akinda: Halal Stock ScreeningAmana Funds: International / Emerging Markets (Amana Developing World Fun…) · Global Large Growth (active) (Amana Growth ETF) · Global Dividend Equity (active) (Amana Equity Income ETF) · Emerging Markets (active) (Amana Developing World ETF) · Global Sukuk / Fixed Income (Amana Participation Fund (…) · US Large Growth (Amana Growth Fund (AMAGX)) · US Large Value / Income (Amana Income Fund (AMANX))
HalalWallet Index grade
Akinda: Not listedAmana Funds: B-Founded
Akinda: 2023Amana Funds: 1986 EdgeAssets under management
Akinda: Not listedAmana Funds: $201M (both classes, 2026-08-05) (Amana Developing World Fun…) · $7.87M (2026-10-19) (Amana Growth ETF) · $5.98M (2026-10-19) (Amana Equity Income ETF) · $6.09M (2026-10-19) (Amana Developing World ETF) · $324M (both classes, 2026-08-05) (Amana Participation Fund (…) · $6.8B (both classes, 2026-08-05) (Amana Growth Fund (AMAGX)) · $2.4B (both classes, 2026-08-05) (Amana Income Fund (AMANX))
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
Amana Funds
- Dedicated halal exposure to emerging and developing markets - a rare mandate
- Reviewed and certified quarterly by Amanie Advisors
- Comes from the longest-running US Islamic fund family (since 1986)
- $100 minimum, waived in tax-sheltered accounts
- Can hold Islamic financial institutions (for example Bank Islam Malaysia) - the screen bars interest-based finance only
- 1.20% Investor-class expense ratio is the highest in the Amana family
- 10-year return of 7.76% annualized trails the MSCI Emerging Markets Index's 10.52%
- Smallest Amana fund at about $201M - scale works against costs
- Emerging markets bring higher volatility and currency risk on top of the fee drag
- 0.61% is higher than every index halal ETF (MNZL 0.40%, SPUS 0.45%, HLAL 0.50%)
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Akinda (1)
- Akinda Halal Stock Screener
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How do Akinda and Amana Funds compare for investing?
Akinda and Amana Funds both offer investing. This page lines up 19 listed data points side by side, with 11 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; Amana Funds uses Mutual Funds / Actively managed.
- Shariah oversight: Akinda discloses Named Scholar; Amana Funds 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: 2026-10-19
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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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