Amal Invest vs ShariaPortfolio
Amal Invest and ShariaPortfolio both offer investing. This page lines up 14 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.
- Amal Invest uses Fund reconstruction with AAOIFI screening (via Zoya); ShariaPortfolio uses Wealth Management.
- Shariah oversight: Amal Invest discloses Third-Party Certified; ShariaPortfolio discloses Named Scholar.
- HalalWallet Index: Amal Invest holds a B-; ShariaPortfolio holds a B.
- On measurable rows, Amal Invest has the better listed value on 1 and ShariaPortfolio on 2.
- They differ on 10 of the 14 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 ShariaPortfolio: the full side-by-side
14 data points from each provider's published materials, lined up row by row. They differ on 10.
14 of 14 rows
States covered
SameAmal Invest: All 50 statesShariaPortfolio: All 50 states
Minimum investment
Amal Invest: Not listedShariaPortfolio: $100,000 (Wealth Management) · $1,000 (ShariaPortfolio Express)
Structure
Amal Invest: Fund reconstruction with AAOIFI screening (via Zoya)ShariaPortfolio: Wealth ManagementShariah oversight
Amal Invest: Third-Party CertifiedShariaPortfolio: Named ScholarShariah board / scholar
Amal Invest: third_party_certifiedShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
Amal Invest: Yes EdgeShariaPortfolio: NoScreening standard
Amal Invest: Not listedShariaPortfolio: AAOIFI standards
Products listed
Amal Invest: Halal Fund Builder (Grow & Save Portfolios)ShariaPortfolio: Wealth Management, ShariaPortfolio Express, ShariaPortfolio InstitutionalBest for
Amal Invest: Set-and-forget halal versions of mainstream index fundsShariaPortfolio: Self-directed halal wealth managementProduct types
Amal Invest: Fund Reconstruction PlatformShariaPortfolio: Investment PlatformAccount types
Amal Invest: Taxable brokerage (via Alpaca or Trading212); IRAs not currently supportedShariaPortfolio: Individual, IRA, Roth IRAFocus
Amal Invest: Not listedShariaPortfolio: Managed Halal Portfolios (Wealth Management) · Institutional Halal Portfolios (ShariaPortfolio Institutio…)
HalalWallet Index grade
Amal Invest: B-ShariaPortfolio: B EdgeFounded
Amal Invest: 2021ShariaPortfolio: 2003 Edge
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
ShariaPortfolio
- Comprehensive wealth management under AAOIFI-aligned screening
- Individual, IRA, and Roth IRA accounts supported
- Named Sharia advisor (Shaykh Umer Khan) oversees the methodology
- Available nationwide in all 50 states
- Low $1,000 minimum opens managed halal investing to newer investors
- Advisory fee tiers are not published - pricing requires a conversation or the Form CRS
- $100,000 minimum excludes newer investors (the Express tier covers them at $1,000)
- Sharia oversight rests on a named advisor rather than a formal multi-scholar board
- Wrap fee percentage is not published on the website - you have to ask or read the ADV
- Digital-only service with less personal attention than the $100,000 Access tier
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 Amal Invest and ShariaPortfolio compare for investing?
Amal Invest and ShariaPortfolio both offer investing. This page lines up 14 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.
- Amal Invest uses Fund reconstruction with AAOIFI screening (via Zoya); ShariaPortfolio uses Wealth Management.
- Shariah oversight: Amal Invest discloses Third-Party Certified; ShariaPortfolio 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: 2026-10-22
How to cite this page
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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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