Amal Invest vs Azzad Asset Management
Amal Invest and Azzad Asset Management both offer investing. This page lines up 16 listed data points side by side, with 8 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.
- Amal Invest uses Fund reconstruction with AAOIFI screening (via Zoya); Azzad Asset Management uses Wealth Management.
- Both disclose the same level of Shariah oversight: Third-Party Certified.
- HalalWallet Index: Amal Invest holds a B-; Azzad Asset Management holds a B.
- On measurable rows, Amal Invest has the better listed value on 1 and Azzad Asset Management on 2.
- They differ on 8 of the 16 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.
Amal Invest vs Azzad Asset Management: the full side-by-side
16 data points from each provider's published materials, lined up row by row. They differ on 8.
States covered
SameAmal Invest: All 50 statesAzzad Asset Management: All 50 states
Management fee
Amal Invest: Not listedAzzad Asset Management: ~1% wrap fee, declining with AUMMinimum investment
Amal Invest: Not listedAzzad Asset Management: $500,000 (wrap program); $1,000 ADJEX / $4,000 WISEX funds
Structure
Amal Invest: Fund reconstruction with AAOIFI screening (via Zoya)Azzad Asset Management: Wealth ManagementShariah oversight
SameAmal Invest: Third-Party CertifiedAzzad Asset Management: Third-Party CertifiedShariah board / scholar
SameAmal Invest: third_party_certifiedAzzad Asset Management: third_party_certifiedPublished fatwa / certificate
Amal Invest: Yes EdgeAzzad Asset Management: NoScreening standard
Amal Invest: Not listedAzzad Asset Management: AAOIFI standards
Products listed
Amal Invest: Halal Fund Builder (Grow & Save Portfolios)Azzad Asset Management: Azzad Wealth ManagementBest for
Amal Invest: Set-and-forget halal versions of mainstream index fundsAzzad Asset Management: High-net-worth halal wealth managementProduct types
Amal Invest: Fund Reconstruction PlatformAzzad Asset Management: Investment PlatformAccount types
Amal Invest: Taxable brokerage (via Alpaca or Trading212); IRAs not currently supportedAzzad Asset Management: Individual, IRA, Roth IRAFocus
Amal Invest: Not listedAzzad Asset Management: Full-Service Halal Wealth Management
HalalWallet Index grade
Amal Invest: B-Azzad Asset Management: B EdgeFounded
Amal Invest: 2021Azzad Asset Management: 1997 EdgeAssets under management
Amal Invest: Not listedAzzad Asset Management: $1.8B firm-wide (12/31/2025, company-reported)
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
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
Azzad Asset Management
- Established in 2000 - over two decades of halal wealth management experience
- AAOIFI-based screening with independent verification by IFAAS and Shariyah Review Bureau certification
- ICCR membership underscores faith-based shareholder advocacy
- Available nationwide in all 50 states
- $500,000 wrap-program minimum shuts out most investors - the Azzad Funds are the accessible entry point
- Fee schedule is not published on the website; roughly 1% declining must be confirmed in disclosures
- All-in costs stack: the wrap fee sits on top of underlying manager and fund expenses
- In-house funds are pricey by current standards (ADJEX 0.99%, WISEX 0.89% net)
Not sure which is right? Compare all investing providers.
Browse all Investing optionsHow do Amal Invest and Azzad Asset Management compare for investing?
Amal Invest and Azzad Asset Management both offer investing. This page lines up 16 listed data points side by side, with 8 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Amal Invest uses Fund reconstruction with AAOIFI screening (via Zoya); Azzad Asset Management uses Wealth Management.
- Both disclose the same level of Shariah oversight: Third-Party Certified.
Source: HalalWallet (halalwallet.us)
Get an email when rates change - Amal Invest vs Azzad Asset Management
We'll email you only when Amal Invest or Azzad Asset Management changes rates, fees, or state availability.
We only email you when something in this comparison actually changes.
Stay Updated
Get halal investment insights and fund launches
No spam ever. Unsubscribe in one click.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-22
How to cite this page
Preferred format (HTML):
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.
Spot an error? Report a correction · How we handle corrections