Manzil vs Zoya
Manzil and Zoya 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); Zoya uses Stock Screener.
- Shariah oversight: Manzil discloses Formal Board; Zoya discloses Named Scholar.
- HalalWallet Index: Manzil holds a A; Zoya holds a B-.
- On measurable rows, Manzil has the better listed value on 2 and Zoya on 0.
- 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 Zoya: the full side-by-side
19 data points from each provider's published materials, lined up row by row. They differ on 12.
States covered
SameManzil: All 50 statesZoya: All 50 states
Expense ratio
Manzil: 0.40%Zoya: 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…)Zoya: $14.99/month or $119.99/yearMinimum investment
Manzil: $100 (Wealth Management) · $100 minimum in assets; fractional shares (Manzil Trading (Self-Direc…)Zoya: Not listed
Structure
Manzil: Wealth Management / Self-directed brokerage with real-time AAOIFI screening (Zoya)Zoya: Stock ScreenerShariah oversight
Manzil: Formal BoardZoya: Named ScholarShariah board / scholar
Manzil: Formal BoardZoya: named_scholarPublished fatwa / certificate
SameManzil: NoZoya: 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…)Zoya: AAOIFI standards
Products listed
Manzil: Wealth Management, Manzil Trading (Self-Directed Halal Stock Trading), Manzil Russell Halal USA Broad Market ETFZoya: Zoya Stock Screener, Zoya Brokerage IntegrationBest for
Manzil: Halal portfolio managementZoya: DIY halal stock pickersProduct types
Manzil: Investment Platform, Brokerage, ETFZoya: Stock Screener, BrokerageTickers
Manzil: MNZLZoya: Not listedHoldings
Manzil: ~490Zoya: Not listedAccount types
Manzil: Individual taxable brokerage (via the Manzil app), Individual, IRA, Roth IRAZoya: Individual, IRA, Roth IRAFocus
Manzil: Managed Halal Portfolios (Wealth Management) · US Large & Mid Cap (Manzil Russell Halal USA B…)Zoya: Halal Stock Screening (Zoya Stock Screener) · Portfolio Compliance Monitoring (Zoya Brokerage Integration)
HalalWallet Index grade
Manzil: A EdgeZoya: B-Founded
Manzil: 2019 EdgeZoya: 2020Assets under management
Manzil: $25.31M (2026-08-04)Zoya: 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
Zoya
- Screens thousands of stocks for Sharia compliance
- Methodology overseen by AAOIFI-certified scholar Sheikh Joe Bradford and Sheikh Umer Khan
- Purification tracking supported alongside screening
- Available nationwide in all 50 states
- Links your existing brokerage so holdings are monitored for compliance automatically
- Full access costs $14.99/month or $119.99/year via app stores - pricier than Musaffa's $72/year
- A research tool, not a brokerage - trades happen elsewhere (though pass-through ordering covers seven brokers)
- Free tier is status-only: no ratio detail, and fund screening stops at top-10 holdings
- App-store and web pricing diverge without explanation on the site
- Requires a paid plan for real use - $14.99/month or $119.99/year via app stores
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 Zoya compare for investing?
Manzil and Zoya 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); Zoya uses Stock Screener.
- Shariah oversight: Manzil discloses Formal Board; Zoya 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: 2026-10-14
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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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