Allied Asset Advisors vs Zoya
Allied Asset Advisors and Zoya both offer investing. This page lines up 18 listed data points side by side, with 10 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.
- Allied Asset Advisors uses Shariah-Screened Mutual Fund; Zoya uses Stock Screener.
- Shariah oversight: Allied Asset Advisors discloses Third-Party Certified; Zoya discloses Named Scholar.
- HalalWallet Index: Allied Asset Advisors holds a B; Zoya holds a B-.
- On measurable rows, Allied Asset Advisors has the better listed value on 2 and Zoya on 0.
- They differ on 10 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.
Allied Asset Advisors vs Zoya: the full side-by-side
18 data points from each provider's published materials, lined up row by row. They differ on 10.
18 of 18 rows
States covered
SameAllied Asset Advisors: All 50 statesZoya: All 50 states
Expense ratio
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)Zoya: Not listedManagement fee
Allied Asset Advisors: Not listedZoya: $14.99/month or $119.99/yearMinimum investment
Allied Asset Advisors: $250 regular accounts; $100 IRAs (Traditional, Roth, SEP, SIMPLE) and Coverdell ESAs; $50 subsequent investmentsZoya: Not listed
Structure
Allied Asset Advisors: Shariah-Screened Mutual FundZoya: Stock ScreenerShariah oversight
Allied Asset Advisors: Third-Party CertifiedZoya: Named ScholarShariah board / scholar
Allied Asset Advisors: third_party_certifiedZoya: named_scholarPublished fatwa / certificate
SameAllied Asset Advisors: NoZoya: NoScreening standard
Allied Asset Advisors: AAOIFI-standard sector and financial screens with IdealRatings certification; excludes alcohol, tobacco, pork, conventional financials, defense, gambling, pornography, and interest-bearing debtZoya: AAOIFI standards
Products listed
Allied Asset Advisors: Iman Fund (IMANX)Zoya: Zoya Stock Screener, Zoya Brokerage IntegrationBest for
Allied Asset Advisors: Long-term halal growth investing through IRAs and 401(k) rolloversZoya: DIY halal stock pickersProduct types
Allied Asset Advisors: Mutual FundZoya: Stock Screener, BrokerageTickers
Allied Asset Advisors: IMANXZoya: Not listedAccount types
Allied Asset Advisors: Regular taxable, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA +1 moreZoya: Individual, IRA, Roth IRAFocus
Allied Asset Advisors: Not listedZoya: Halal Stock Screening (Zoya Stock Screener) · Portfolio Compliance Monitoring (Zoya Brokerage Integration)
HalalWallet Index grade
Allied Asset Advisors: B EdgeZoya: B-Founded
Allied Asset Advisors: 2000 EdgeZoya: 2020Assets under management
Allied Asset Advisors: $271.6M total net assets (fund fact sheet, 2026-06-30)Zoya: Not listed
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
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
Zoya
- Screens thousands of stocks for Sharia compliance
- Methodology overseen by AAOIFI-certified scholar Sheikh Joe Bradford and Sheikh Umer Khan
- Purification tracking supported alongside screening
- Available nationwide in all 50 states
- Links your existing brokerage so holdings are monitored for compliance automatically
- Full access costs $14.99/month or $119.99/year via app stores - pricier than Musaffa's $72/year
- A research tool, not a brokerage - trades happen elsewhere (though pass-through ordering covers seven brokers)
- Free tier is status-only: no ratio detail, and fund screening stops at top-10 holdings
- App-store and web pricing diverge without explanation on the site
- Requires a paid plan for real use - $14.99/month or $119.99/year via app stores
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 Allied Asset Advisors and Zoya compare for investing?
Allied Asset Advisors and Zoya both offer investing. This page lines up 18 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Allied Asset Advisors uses Shariah-Screened Mutual Fund; Zoya uses Stock Screener.
- Shariah oversight: Allied Asset Advisors discloses Third-Party Certified; Zoya discloses Named Scholar.
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
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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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