Azzad Asset Management vs Wahed Invest
Azzad Asset Management and Wahed Invest both offer investing. This page lines up 20 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; Wahed Invest uses Robo-Advisor / Index-based.
- Both disclose the same level of Shariah oversight: Third-Party Certified.
- HalalWallet Index: Azzad Asset Management holds a B; Wahed Invest holds a B.
- On measurable rows, Azzad Asset Management has the better listed value on 1 and Wahed Invest on 0.
- They differ on 10 of the 20 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 Wahed Invest: the full side-by-side
20 data points from each provider's published materials, lined up row by row. They differ on 10.
20 of 20 rows
States covered
SameAzzad Asset Management: All 50 statesWahed Invest: All 50 states
Expense ratio
Azzad Asset Management: Not listedWahed Invest: 0.50% (Wahed FTSE USA Shariah ETF) · 0.65% (Wahed Dow Jones Islamic Wo…)Management fee
Azzad Asset Management: ~1% wrap fee, declining with AUMWahed Invest: 0.49% + $60/yr (<$100K); 0.49% ($100K+) (Wahed Invest Robo-Advisor) · 0.75% of AUM annually + 3% sourcing fee per property acquisition; no performance fees (Wahed Real Estate Fund)Minimum investment
Azzad Asset Management: $500,000 (wrap program); $1,000 ADJEX / $4,000 WISEX fundsWahed Invest: $100 (Wahed Invest Robo-Advisor) · $100 (10 shares); no accredited investor requirement; open to US residents 18+ with a US bank account (Wahed Real Estate Fund)
Structure
Azzad Asset Management: Wealth ManagementWahed Invest: Robo-Advisor / Index-basedShariah oversight
SameAzzad Asset Management: Third-Party CertifiedWahed Invest: Third-Party CertifiedShariah board / scholar
SameAzzad Asset Management: third_party_certifiedWahed Invest: third_party_certifiedPublished fatwa / certificate
SameAzzad Asset Management: NoWahed Invest: NoScreening standard
Azzad Asset Management: AAOIFI standardsWahed Invest: AAOIFI standards (Wahed Invest Robo-Advisor) · FTSE Shariah Index (Wahed FTSE USA Shariah ETF) · Dow Jones Islamic World Index (Wahed Dow Jones Islamic Wo…) · Structural compliance rather than stock screening: zero-debt policy (100% equity acquisitions), income solely from residential rent and appreciation, SRB-certified with ongoing internal monitoring (Wahed Real Estate Fund)
Products listed
Azzad Asset Management: Azzad Wealth ManagementWahed Invest: Wahed Invest Robo-Advisor, Wahed FTSE USA Shariah ETF, Wahed Dow Jones Islamic World ETF, Wahed Real Estate FundBest for
Azzad Asset Management: High-net-worth halal wealth managementWahed Invest: Hands-off investors who want automationProduct types
Azzad Asset Management: Investment PlatformWahed Invest: Investment Platform, ETF, Real Estate FundTickers
Azzad Asset Management: Not listedWahed Invest: HLAL, UMMAHoldings
Azzad Asset Management: Not listedWahed Invest: ~200 (Wahed FTSE USA Shariah ETF) · ~100 (Wahed Dow Jones Islamic Wo…)Account types
SameAzzad Asset Management: Individual, IRA, Roth IRAWahed Invest: Individual, IRA, Roth IRAFocus
Azzad Asset Management: Full-Service Halal Wealth ManagementWahed Invest: Automated Halal Portfolios (Wahed Invest Robo-Advisor) · US Large Growth (Wahed FTSE USA Shariah ETF) · Global Large Growth (Wahed Dow Jones Islamic Wo…)
HalalWallet Index grade
SameAzzad Asset Management: BWahed Invest: BFounded
Azzad Asset Management: 1997 EdgeWahed Invest: 2015Google rating
Azzad Asset Management: Not listedWahed Invest: 4.5/5 (1,200 reviews)Assets under management
Azzad Asset Management: $1.8B firm-wide (12/31/2025, company-reported)Wahed Invest: $752M (Wahed FTSE USA Shariah ETF) · $0.2B (Wahed Dow Jones Islamic Wo…)
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)
Wahed Invest
- Fully automated halal portfolios matched to your goals
- Certified by the Shariyah Review Bureau (2024), with AAOIFI associate membership
- Supports individual, IRA, and Roth IRA accounts
- Available nationwide in all 50 states
- Second-largest halal ETF at roughly $752M - liquid and established
- The flat $60 stings small accounts: on $1,000 the all-in cost approaches 6.5% a year - fund it meaningfully or wait
- Model portfolios only - no individual stock selection or allocation tweaks
- SEC's February 2022 order (misleading statements, undisclosed conflicts around HLAL's launch, no written Shariah-compliance policies; $300,000 penalty) is recent history worth knowing
- Portfolios lean on Wahed's own ETFs, an inherent conflict the firm discloses
- 0.50% fee sits above SPUS (0.45%) and MNZL (0.40%) for similar US halal exposure
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 Azzad Asset Management and Wahed Invest compare for investing?
Azzad Asset Management and Wahed Invest both offer investing. This page lines up 20 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; Wahed Invest uses Robo-Advisor / Index-based.
- Both disclose the same level of Shariah oversight: Third-Party Certified.
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
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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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