Head-to-head comparison of halal financial providers on HalalWallet — features, fees, Shariah oversight, state availability, and independent editorial verdict. Published by HalalWallet (halalwallet.us).
Amana Funds vs Zoya
Managed Halal Mutual Funds vs Self-Directed Stock Screening — Which Investing Style Fits?
Co-Founder, HalalWallet
Reviewed quarterly when provider data or pricing changes.
Our Verdict
Amana Funds is for buy-and-hold investors who want professionally managed halal mutual funds with a 35+ year track record. Zoya is for active investors who want to screen, research, and pick individual halal stocks. They're complementary, not competitive — many investors hold Amana funds as their core and use Zoya for individual stock picks.
Side-by-Side Comparison
| Feature | Amana Funds | Zoya |
|---|---|---|
| Type | Managed mutual funds (4 funds) | Stock screener + brokerage platform |
| Investor Role | Passive — fund managers select stocks | Active — you select stocks using Zoya's screening |
| Track Record | Since 1986 — longest in U.S. halal investing | Founded 2017 |
| Fee | 0.64%–1.32% expense ratio per fund | $14.99/month or $119.99/year for premium |
| Account Types | Available at most brokerages including 401(k) plans | Individual, IRA, Roth IRA via Zoya brokerage |
| Purification | Fund-level purification data available | Individual stock purification calculator |
Which Should You Choose?
You want a hands-off, professionally managed approach
→ Amana Funds— Buy a fund and let Saturna Capital's team manage stock selection
You want to pick your own halal stocks
→ Zoya— Screen thousands of stocks and build your own portfolio
You want exposure through your 401(k)
→ Amana Funds— Widely available in employer retirement plan lineups
You want to do both
→ Both— Hold Amana funds for core allocation, use Zoya for individual stock picks in a separate account
Understand the evidence behind this comparison
Prefer a ranked pick for your situation? See our evidence-backed guides:
Amana Funds Full Review
Pros, cons, rates & details
Zoya Full Review
Pros, cons, rates & details
Not sure which is right? Compare all Investing providers.
Browse All Investing OptionsThis is just one of 7 categories. Average score: 63/100.
See yoursFrequently Asked Questions
Are Amana Funds available at Fidelity and Schwab?
Yes. Amana Funds (AMAGX, AMANX, AMDWX, AMAPX) are available at most major brokerages including Fidelity, Schwab, and Vanguard.
Does Zoya offer mutual funds?
No. Zoya is a stock screening tool and brokerage for individual stocks. If you want managed funds, look at Amana Funds or Wahed Invest.
Halal verdicts for popular stocks
Full AAOIFI-based Shariah screens for individual stocks — business activity, financial ratios, and where scholars and screeners differ.
Amana Funds is for buy-and-hold investors who want professionally managed halal mutual funds with a 35+ year track record. Zoya is for active investors who want to screen, research, and pick individual halal stocks. They're complementary, not competitive — many investors hold Amana funds as their core and use Zoya for individual stock picks.
- You want a hands-off, professionally managed approach: Amana Funds — Buy a fund and let Saturna Capital's team manage stock selection
- You want to pick your own halal stocks: Zoya — Screen thousands of stocks and build your own portfolio
- You want exposure through your 401(k): Amana Funds — Widely available in employer retirement plan lineups
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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: March 2026
How to cite this page
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
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.