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Investing comparison

Musaffa vs ShariaPortfolio

Musaffa and ShariaPortfolio both offer investing. This page lines up 15 listed data points side by side, with 9 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.
  • Musaffa uses ETF Screener / Stock Screener; ShariaPortfolio uses Wealth Management.
  • Shariah oversight: Musaffa discloses Formal Board; ShariaPortfolio discloses Named Scholar.
  • HalalWallet Index: Musaffa holds a B-; ShariaPortfolio holds a B.
  • On measurable rows, Musaffa has the better listed value on 0 and ShariaPortfolio on 2.
  • They differ on 9 of the 15 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.

Musaffa vs ShariaPortfolio: the full side-by-side

15 data points from each provider's published materials, lined up row by row. They differ on 9.

Musaffa - halal finance provider logo

Musaffa

B-
ShariaPortfolio - halal finance provider logo

ShariaPortfolio

B

15 of 15 rows

Availability

  • States covered

    Same
    Musaffa: All 50 states
    ShariaPortfolio: All 50 states
Costs

  • Management fee

    Musaffa: $0 free tier; $72/year Foundation plan
    ShariaPortfolio: Not listed

  • Minimum investment

    Musaffa: Not listed
    ShariaPortfolio: $100,000 (Wealth Management) · $1,000 (ShariaPortfolio Express)
Shariah

  • Structure

    Musaffa: ETF Screener / Stock Screener
    ShariaPortfolio: Wealth Management

  • Shariah oversight

    Musaffa: Formal Board
    ShariaPortfolio: Named Scholar

  • Shariah board / scholar

    Musaffa: formal_board
    ShariaPortfolio: Third Party Certified

  • Published fatwa / certificate

    Same
    Musaffa: No
    ShariaPortfolio: No

  • Screening standard

    Same
    Musaffa: AAOIFI standards
    ShariaPortfolio: AAOIFI standards
Products

  • Products listed

    Musaffa: Halal ETF Finder, Musaffa Halal Stock Screener
    ShariaPortfolio: Wealth Management, ShariaPortfolio Express, ShariaPortfolio Institutional

  • Best for

    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.
    ShariaPortfolio: Self-directed halal wealth management

  • Product types

    Musaffa: Stock Screener
    ShariaPortfolio: Investment Platform

  • Account types

    Same
    Musaffa: Individual, IRA, Roth IRA
    ShariaPortfolio: Individual, IRA, Roth IRA

  • Focus

    Musaffa: Halal Stock Screening
    ShariaPortfolio: Managed Halal Portfolios (Wealth Management) · Institutional Halal Portfolios (ShariaPortfolio Institutio…)
Track record

  • HalalWallet Index grade

    Musaffa: B-
    ShariaPortfolio: B Edge

  • Founded

    Musaffa: 2020
    ShariaPortfolio: 2003 Edge

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

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

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.

Musaffa (2)

ShariaPortfolio (3)

Musaffa - halal finance provider logo

Musaffa

Visit Musaffa Full review
ShariaPortfolio - halal finance provider logo

ShariaPortfolio

Visit ShariaPortfolio Full review

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Editorial comparisons

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Musaffa vs Wahed Invest

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ShariaPortfolio vs Wahed Invest

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How do Musaffa and ShariaPortfolio compare for investing?

Musaffa and ShariaPortfolio both offer investing. This page lines up 15 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all 50 states.
  • Musaffa uses ETF Screener / Stock Screener; ShariaPortfolio uses Wealth Management.
  • Shariah oversight: Musaffa 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

Preferred format (HTML):

According to HalalWallet (“Musaffa vs ShariaPortfolio”, https://www.halalwallet.us/compare/musaffa-vs-shariaportfolio, 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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