Akinda vs Wahed Invest
Akinda and Wahed Invest both offer investing. This page lines up 20 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 Sep 2026
At a glance
- Both are available in all 50 states.
- Akinda uses Stock Screener; Wahed Invest uses Robo-Advisor / Index-based.
- Shariah oversight: Akinda discloses Named Scholar; Wahed Invest discloses Third-Party Certified.
- HalalWallet Index: Akinda is not yet graded; Wahed Invest holds a B.
- On measurable rows, Akinda has the better listed value on 0 and Wahed Invest on 1.
- They differ on 11 of the 20 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 Wahed Invest: the full side-by-side
20 data points from each provider's published materials, lined up row by row. They differ on 11.
20 of 20 rows
States covered
SameAkinda: All 50 statesWahed Invest: All 50 states
Expense ratio
Akinda: Not listedWahed Invest: 0.50% (Wahed FTSE USA Shariah ETF) · 0.65% (Wahed Dow Jones Islamic Wo…)Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/moWahed Invest: 0.49% + $60/yr (<$100K); 0.49% ($100K+) (Wahed Invest Robo-Advisor) · 0.75% of AUM annually + 3% sourcing fee per property acquisition; no performance fees (Wahed Real Estate Fund)Minimum investment
Akinda: Not listedWahed Invest: $100 (Wahed Invest Robo-Advisor) · $100 (10 shares); no accredited investor requirement; open to US residents 18+ with a US bank account (Wahed Real Estate Fund)
Structure
Akinda: Stock ScreenerWahed Invest: Robo-Advisor / Index-basedShariah oversight
Akinda: Named ScholarWahed Invest: Third-Party CertifiedShariah board / scholar
Akinda: named_scholarWahed Invest: third_party_certifiedPublished fatwa / certificate
SameAkinda: NoWahed Invest: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21Wahed Invest: AAOIFI standards (Wahed Invest Robo-Advisor) · FTSE Shariah Index (Wahed FTSE USA Shariah ETF) · Dow Jones Islamic World Index (Wahed Dow Jones Islamic Wo…) · Structural compliance rather than stock screening: zero-debt policy (100% equity acquisitions), income solely from residential rent and appreciation, SRB-certified with ongoing internal monitoring (Wahed Real Estate Fund)
Products listed
Akinda: Akinda Halal Stock ScreenerWahed Invest: Wahed Invest Robo-Advisor, Wahed FTSE USA Shariah ETF, Wahed Dow Jones Islamic World ETF, Wahed Real Estate FundBest for
Akinda: Investors who want free, filing-level AAOIFI ratio mathWahed Invest: Hands-off investors who want automationProduct types
Akinda: Stock ScreenerWahed Invest: Investment Platform, ETF, Real Estate FundTickers
Akinda: Not listedWahed Invest: HLAL, UMMAHoldings
Akinda: Not listedWahed Invest: ~200 (Wahed FTSE USA Shariah ETF) · ~100 (Wahed Dow Jones Islamic Wo…)Account types
Akinda: IndividualWahed Invest: Individual, IRA, Roth IRAFocus
Akinda: Halal Stock ScreeningWahed Invest: Automated Halal Portfolios (Wahed Invest Robo-Advisor) · US Large Growth (Wahed FTSE USA Shariah ETF) · Global Large Growth (Wahed Dow Jones Islamic Wo…)
HalalWallet Index grade
Akinda: Not listedWahed Invest: BFounded
Akinda: 2023Wahed Invest: 2015 EdgeGoogle rating
Akinda: Not listedWahed Invest: 4.5/5 (1,200 reviews)Assets under management
Akinda: Not listedWahed Invest: $752M (Wahed FTSE USA Shariah ETF) · $0.2B (Wahed Dow Jones Islamic Wo…)
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
Wahed Invest
- Fully automated halal portfolios matched to your goals
- Certified by the Shariyah Review Bureau (2024), with AAOIFI associate membership
- Supports individual, IRA, and Roth IRA accounts
- Available nationwide in all 50 states
- Second-largest halal ETF at roughly $752M - liquid and established
- The flat $60 stings small accounts: on $1,000 the all-in cost approaches 6.5% a year - fund it meaningfully or wait
- Model portfolios only - no individual stock selection or allocation tweaks
- SEC's February 2022 order (misleading statements, undisclosed conflicts around HLAL's launch, no written Shariah-compliance policies; $300,000 penalty) is recent history worth knowing
- Portfolios lean on Wahed's own ETFs, an inherent conflict the firm discloses
- 0.50% fee sits above SPUS (0.45%) and MNZL (0.40%) for similar US halal exposure
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 Wahed Invest compare for investing?
Akinda and Wahed Invest both offer investing. This page lines up 20 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; Wahed Invest uses Robo-Advisor / Index-based.
- Shariah oversight: Akinda discloses Named Scholar; Wahed 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
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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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