Akinda vs Manzil
Akinda and Manzil 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; Manzil uses Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya).
- Shariah oversight: Akinda discloses Named Scholar; Manzil discloses Formal Board.
- HalalWallet Index: Akinda is not yet graded; Manzil holds a A.
- On measurable rows, Akinda has the better listed value on 0 and Manzil 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 Manzil: 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 statesManzil: All 50 states
Expense ratio
Akinda: Not listedManzil: 0.40%Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/moManzil: 0.40% AUM + $48/yr (waived at $100K+) (Wealth Management) · Core: $48/year + 0.40% of invested assets; Premium ($100K+ in assets): $0/year + 0.40% (Manzil Trading (Self-Direc…)Minimum investment
Akinda: Not listedManzil: $100 (Wealth Management) · $100 minimum in assets; fractional shares (Manzil Trading (Self-Direc…)
Structure
Akinda: Stock ScreenerManzil: Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya)Shariah oversight
Akinda: Named ScholarManzil: Formal BoardShariah board / scholar
Akinda: named_scholarManzil: Formal BoardPublished fatwa / certificate
SameAkinda: NoManzil: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21Manzil: Real-time Shariah screening by Zoya against AAOIFI standards, embedded in the platform; non-compliant stocks cannot be traded and status changes trigger notifications (Manzil Trading (Self-Direc…) · Russell Halal USA Index (Manzil Russell Halal USA B…)
Products listed
Akinda: Akinda Halal Stock ScreenerManzil: Wealth Management, Manzil Trading (Self-Directed Halal Stock Trading), Manzil Russell Halal USA Broad Market ETFBest for
Akinda: Investors who want free, filing-level AAOIFI ratio mathManzil: Halal portfolio managementProduct types
Akinda: Stock ScreenerManzil: Investment Platform, Brokerage, ETFTickers
Akinda: Not listedManzil: MNZLHoldings
Akinda: Not listedManzil: ~490Account types
Akinda: IndividualManzil: Individual taxable brokerage (via the Manzil app), Individual, IRA, Roth IRAFocus
Akinda: Halal Stock ScreeningManzil: Managed Halal Portfolios (Wealth Management) · US Large & Mid Cap (Manzil Russell Halal USA B…)
HalalWallet Index grade
Akinda: Not listedManzil: AFounded
Akinda: 2023Manzil: 2019 EdgeAssets under management
Akinda: Not listedManzil: $25.31M (2026-08-04)
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
Manzil
- Live and accessible: $100 minimum with a simple 0.40% + $48/year price
- Certified professionals manage and rebalance the portfolio for you
- Oversight by an in-house Shariah board plus external scholars, to AAOIFI standards
- Diversified beyond equities: sukuk, REITs, and gold/silver ETFs in the models
- Individual, Traditional IRA, and Roth IRA accounts; excess SIPC coverage raised to $75M via Alpaca
- The $48 subscription is heavy on small accounts - on $1,000 it adds nearly 5% a year on top of the 0.40%
- Fee disclosures conflict: the website says 0.40% + $48/year while the filed Form ADV lists $2/month + 0.49%
- Three broad risk profiles only - no customization or individual stock selection
- US operation is young (Aghaz acquired in November 2024) with small regulatory AUM at the start of 2025
- The 0.40% fee applies to self-directed assets, which costs more than commission-free conventional brokers (Robinhood, Fidelity) where halal-conscious investors screen manually
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Not sure which is right? Compare all investing providers.
Browse all Investing optionsEditorial comparisons
How do Akinda and Manzil compare for investing?
Akinda and Manzil 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; Manzil uses Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya).
- Shariah oversight: Akinda discloses Named Scholar; Manzil discloses Formal Board.
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: 2026-10-14
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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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