Manzil vs ShariaPortfolio
Manzil and ShariaPortfolio both offer investing. This page lines up 19 listed data points side by side, with 12 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.
- Manzil uses Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya); ShariaPortfolio uses Wealth Management.
- Shariah oversight: Manzil discloses Formal Board; ShariaPortfolio discloses Named Scholar.
- HalalWallet Index: Manzil holds a A; ShariaPortfolio holds a B.
- On measurable rows, Manzil has the better listed value on 1 and ShariaPortfolio on 1.
- They differ on 12 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.
Manzil vs ShariaPortfolio: the full side-by-side
19 data points from each provider's published materials, lined up row by row. They differ on 12.
19 of 19 rows
States covered
SameManzil: All 50 statesShariaPortfolio: All 50 states
Expense ratio
Manzil: 0.40%ShariaPortfolio: Not listedManagement fee
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…)ShariaPortfolio: Not listedMinimum investment
Manzil: $100 (Wealth Management) · $100 minimum in assets; fractional shares (Manzil Trading (Self-Direc…)ShariaPortfolio: $100,000 (Wealth Management) · $1,000 (ShariaPortfolio Express)
Structure
Manzil: Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya)ShariaPortfolio: Wealth ManagementShariah oversight
Manzil: Formal BoardShariaPortfolio: Named ScholarShariah board / scholar
Manzil: Formal BoardShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameManzil: NoShariaPortfolio: NoScreening standard
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…)ShariaPortfolio: AAOIFI standards
Products listed
Manzil: Wealth Management, Manzil Trading (Self-Directed Halal Stock Trading), Manzil Russell Halal USA Broad Market ETFShariaPortfolio: Wealth Management, ShariaPortfolio Express, ShariaPortfolio InstitutionalBest for
Manzil: Halal portfolio managementShariaPortfolio: Self-directed halal wealth managementProduct types
Manzil: Investment Platform, Brokerage, ETFShariaPortfolio: Investment PlatformTickers
Manzil: MNZLShariaPortfolio: Not listedHoldings
Manzil: ~490ShariaPortfolio: Not listedAccount types
Manzil: Individual taxable brokerage (via the Manzil app), Individual, IRA, Roth IRAShariaPortfolio: Individual, IRA, Roth IRAFocus
Manzil: Managed Halal Portfolios (Wealth Management) · US Large & Mid Cap (Manzil Russell Halal USA B…)ShariaPortfolio: Managed Halal Portfolios (Wealth Management) · Institutional Halal Portfolios (ShariaPortfolio Institutio…)
HalalWallet Index grade
Manzil: A EdgeShariaPortfolio: BFounded
Manzil: 2019ShariaPortfolio: 2003 EdgeAssets under management
Manzil: $25.31M (2026-08-04)ShariaPortfolio: 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
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
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 Manzil and ShariaPortfolio compare for investing?
Manzil and ShariaPortfolio both offer investing. This page lines up 19 listed data points side by side, with 12 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Manzil uses Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya); ShariaPortfolio uses Wealth Management.
- Shariah oversight: Manzil discloses Formal Board; 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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