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Investing comparison

Azzad Asset Management vs Musaffa

Azzad Asset Management and Musaffa both offer investing. This page lines up 16 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.
  • Azzad Asset Management uses Wealth Management; Musaffa uses ETF Screener / Stock Screener.
  • Shariah oversight: Azzad Asset Management discloses Third-Party Certified; Musaffa discloses Formal Board.
  • HalalWallet Index: Azzad Asset Management holds a B; Musaffa holds a B-.
  • On measurable rows, Azzad Asset Management has the better listed value on 2 and Musaffa on 1.
  • They differ on 10 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.

Azzad Asset Management vs Musaffa: the full side-by-side

16 data points from each provider's published materials, lined up row by row. They differ on 10.

Azzad Asset Management - halal finance provider logo

Azzad Asset Management

B
Musaffa - halal finance provider logo

Musaffa

B-

16 of 16 rows

Availability

  • States covered

    Same
    Azzad Asset Management: All 50 states
    Musaffa: All 50 states
Costs

  • Management fee

    Azzad Asset Management: ~1% wrap fee, declining with AUM
    Musaffa: $0 free tier; $72/year Foundation plan Edge

  • Minimum investment

    Azzad Asset Management: $500,000 (wrap program); $1,000 ADJEX / $4,000 WISEX funds
    Musaffa: Not listed
Shariah

  • Structure

    Azzad Asset Management: Wealth Management
    Musaffa: ETF Screener / Stock Screener

  • Shariah oversight

    Azzad Asset Management: Third-Party Certified
    Musaffa: Formal Board

  • Shariah board / scholar

    Azzad Asset Management: third_party_certified
    Musaffa: formal_board

  • Published fatwa / certificate

    Same
    Azzad Asset Management: No
    Musaffa: No

  • Screening standard

    Same
    Azzad Asset Management: AAOIFI standards
    Musaffa: AAOIFI standards
Products

  • Products listed

    Azzad Asset Management: Azzad Wealth Management
    Musaffa: Halal ETF Finder, Musaffa Halal Stock Screener

  • Best for

    Azzad Asset Management: High-net-worth halal wealth management
    Musaffa: Investors comparing halal ETFs - or checking whether the mainstream fund in their 401(k) has a compliant alternative - who want holdings-level AAOIFI screening rather than taking a fund label on trust.

  • Product types

    Azzad Asset Management: Investment Platform
    Musaffa: Stock Screener

  • Account types

    Same
    Azzad Asset Management: Individual, IRA, Roth IRA
    Musaffa: Individual, IRA, Roth IRA

  • Focus

    Azzad Asset Management: Full-Service Halal Wealth Management
    Musaffa: Halal Stock Screening
Track record

  • HalalWallet Index grade

    Azzad Asset Management: B Edge
    Musaffa: B-

  • Founded

    Azzad Asset Management: 1997 Edge
    Musaffa: 2020

  • Assets under management

    Azzad Asset Management: $1.8B firm-wide (12/31/2025, company-reported)
    Musaffa: 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

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)

Musaffa

  • Searches and compares halal ETFs in one place
  • Screening runs against AAOIFI standards with continuous monitoring
  • Methodology reviewed by named Shariah advisors
  • Available nationwide in all 50 states
  • Automated AAOIFI-standard screening for stocks and ETFs
  • Covers ETFs only - individual stock research sits in Musaffa's separate screener
  • A comparison tool, not a brokerage - you buy through your own account
  • Detailed reports and filters require the paid Foundation plan
  • A research platform, not a brokerage - trades execute elsewhere
  • Founded in 2020, so a shorter operating history than legacy Islamic finance firms

Products behind the numbers

Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.

Azzad Asset Management (1)

  • Azzad Wealth Management

Musaffa (2)

Azzad Asset Management - halal finance provider logo

Azzad Asset Management

Visit Azzad Asset Management Full review
Musaffa - halal finance provider logo

Musaffa

Visit Musaffa Full review

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How do Azzad Asset Management and Musaffa compare for investing?

Azzad Asset Management and Musaffa both offer investing. This page lines up 16 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.
  • Azzad Asset Management uses Wealth Management; Musaffa uses ETF Screener / Stock Screener.
  • Shariah oversight: Azzad Asset Management discloses Third-Party Certified; Musaffa discloses Formal Board.

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

Preferred format (HTML):

According to HalalWallet (“Azzad Asset Management vs Musaffa”, https://www.halalwallet.us/compare/azzad-asset-management-vs-musaffa, retrieved 2026-11-12).

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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