Boston Trading Co vs Manzil
Boston Trading Co and Manzil both offer investing. This page lines up 19 listed data points side by side, with 13 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.
- Boston Trading Co uses Managed digital-asset fund (pooled, accredited-only); Manzil uses Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya).
- Shariah oversight: Boston Trading Co discloses No Public Review; Manzil discloses Formal Board.
- HalalWallet Index: Boston Trading Co is not yet graded; Manzil holds a A.
- On measurable rows, Boston Trading Co has the better listed value on 1 and Manzil on 0.
- They differ on 13 of the 19 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.
Boston Trading Co vs Manzil: the full side-by-side
19 data points from each provider's published materials, lined up row by row. They differ on 13.
19 of 19 rows
States covered
SameBoston Trading Co: All 50 statesManzil: All 50 states
Expense ratio
Boston Trading Co: Not listedManzil: 0.40%Management fee
Boston Trading Co: 2% MER + performance fee above benchmark (1%-3% p.a. range across funds)Manzil: 0.40% AUM + $48/yr (waived at $100K+) (Wealth Management) · Core: $48/year + 0.40% of invested assets; Premium ($100K+ in assets): $0/year + 0.40% (Manzil Trading (Self-Direc…)Minimum investment
Boston Trading Co: US$10,000 (top-ups from US$1,000); accredited / sophisticated investors onlyManzil: $100 (Wealth Management) · $100 minimum in assets; fractional shares (Manzil Trading (Self-Direc…)
Structure
Boston Trading Co: Managed digital-asset fund (pooled, accredited-only)Manzil: Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya)Shariah oversight
Boston Trading Co: No Public ReviewManzil: Formal BoardShariah board / scholar
Boston Trading Co: No Public ReviewManzil: Formal BoardPublished fatwa / certificate
SameBoston Trading Co: NoManzil: NoScreening standard
Boston Trading Co: None - not a Shariah-screened fund (Bostoncoin (BOS) Diversifi…) · Self-declared Shariah screen from the RAFAH prospectus: excludes interest-based platforms; avoids alcohol, gambling, pork and adult entertainment; favours profit/loss-sharing and ethical-finance projects. No named scholar, supervisory board or third-party certificate. (RAFAH Halal Crypto Fund) · Dharmic (Ahimsa / Sattvic) screen per the manager; not a Shariah screen (ASHIRVAD (ASHIR) Dharmic C…) · Halachic (kosher) screen per the manager; not a Shariah screen (OYSHER (OYSH) Kosher Crypt…)Manzil: Real-time Shariah screening by Zoya against AAOIFI standards, embedded in the platform; non-compliant stocks cannot be traded and status changes trigger notifications (Manzil Trading (Self-Direc…) · Russell Halal USA Index (Manzil Russell Halal USA B…)
Products listed
Boston Trading Co: Bostoncoin (BOS) Diversified Crypto Fund, DARTcoin (DART) Higher-Volatility Crypto Fund, RAFAH Halal Crypto Fund, ASHIRVAD (ASHIR) Dharmic Crypto Fund, OYSHER (OYSH) Kosher Crypto Fund, POLLYcoin AI (POLLY) Lower-Volatility Crypto FundManzil: Wealth Management, Manzil Trading (Self-Directed Halal Stock Trading), Manzil Russell Halal USA Broad Market ETFBest for
Boston Trading Co: Not for halal-first investors; see RAFAHManzil: Halal portfolio managementProduct types
Boston Trading Co: Crypto FundManzil: Investment Platform, Brokerage, ETFTickers
Boston Trading Co: Not listedManzil: MNZLHoldings
Boston Trading Co: Live portfolio published at bostontrading.co/portfolio, updated hourly. (Bostoncoin (BOS) Diversifi…) · Live portfolio published at bostontrading.co/dart, updated hourly. (DARTcoin (DART) Higher-Vol…) · Sample allocation (prospectus, May 2025): HalalChain 20%, Islamic Coin 15%, Tezos 15%, Marhaba DeFi 15%, Celo 15%, SolarCoin 10%, ZakatDAO 10%. Illustrative only; no live RAFAH holdings page published. (RAFAH Halal Crypto Fund)Manzil: ~490Account types
Boston Trading Co: Individual, 401(k), Roth IRA, Trust, Company +1 moreManzil: Individual taxable brokerage (via the Manzil app), Individual, IRA, Roth IRAFocus
Boston Trading Co: Diversified Crypto Fund (not Shariah-screened) (Bostoncoin (BOS) Diversifi…) · Higher-Volatility Crypto Fund (not Shariah-screened) (DARTcoin (DART) Higher-Vol…) · Managed Halal Crypto Fund (RAFAH Halal Crypto Fund) · Dharmic Crypto Fund (not Shariah-screened) (ASHIRVAD (ASHIR) Dharmic C…) · Kosher Crypto Fund (not Shariah-screened) (OYSHER (OYSH) Kosher Crypt…) · Lower-Volatility AI Crypto Fund (not Shariah-screened) (POLLYcoin AI (POLLY) Lower…)Manzil: Managed Halal Portfolios (Wealth Management) · US Large & Mid Cap (Manzil Russell Halal USA B…)
HalalWallet Index grade
Boston Trading Co: Not listedManzil: AFounded
Boston Trading Co: 2016 EdgeManzil: 2019Assets under management
Boston Trading Co: Not listedManzil: $25.31M (2026-08-04)
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
Boston Trading Co
- Longest track record in the range (since January 2016) across several crypto cycles
- Radical holdings transparency: the live portfolio is public and updated hourly
- Live, hourly-updated holdings page
- Clearly labelled by the manager as the higher-risk option in the range
- The only managed crypto fund we list that publishes a written halal screen (riba, gharar and haram-industry exclusions in the prospectus)
- Not Shariah-screened; no halal claim is made for this fund
- Accredited / sophisticated investors only (US terms: Accredited Investors, Qualified Purchasers or QIBs), with a US$10,000 minimum
- Provider's own US terms state the offerings have not been reviewed or approved by the SEC or CFTC and that regulatory approval is 'in process'; an ADGM (Abu Dhabi) licence application is also pending
- 2% MER plus a performance fee above benchmark is expensive next to halal ETFs charging under 0.70%
- Explicitly higher volatility than the flagship fund
Manzil
- Live and accessible: $100 minimum with a simple 0.40% + $48/year price
- Certified professionals manage and rebalance the portfolio for you
- Oversight by an in-house Shariah board plus external scholars, to AAOIFI standards
- Diversified beyond equities: sukuk, REITs, and gold/silver ETFs in the models
- Individual, Traditional IRA, and Roth IRA accounts; excess SIPC coverage raised to $75M via Alpaca
- The $48 subscription is heavy on small accounts - on $1,000 it adds nearly 5% a year on top of the 0.40%
- Fee disclosures conflict: the website says 0.40% + $48/year while the filed Form ADV lists $2/month + 0.49%
- Three broad risk profiles only - no customization or individual stock selection
- US operation is young (Aghaz acquired in November 2024) with small regulatory AUM at the start of 2025
- The 0.40% fee applies to self-directed assets, which costs more than commission-free conventional brokers (Robinhood, Fidelity) where halal-conscious investors screen manually
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Boston Trading Co (6)
- Bostoncoin (BOS) Diversified Crypto Fund
- DARTcoin (DART) Higher-Volatility Crypto Fund
- RAFAH Halal Crypto FundDetails
- ASHIRVAD (ASHIR) Dharmic Crypto Fund
- OYSHER (OYSH) Kosher Crypto Fund
- POLLYcoin AI (POLLY) Lower-Volatility Crypto Fund
Not sure which is right? Compare all investing providers.
Browse all Investing optionsHow do Boston Trading Co and Manzil compare for investing?
Boston Trading Co and Manzil both offer investing. This page lines up 19 listed data points side by side, with 13 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Boston Trading Co uses Managed digital-asset fund (pooled, accredited-only); Manzil uses Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya).
- Shariah oversight: Boston Trading Co discloses No Public Review; Manzil 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: 2026-10-14
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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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