Head-to-head comparison of halal financial providers on HalalWallet — features, fees, Shariah oversight, state availability, and independent editorial verdict. Published by HalalWallet (halalwallet.us).
Wahed Invest vs Zoya
Robo-Advisor vs Self-Directed Screener — Two Different Approaches to Halal Investing
Co-Founder, HalalWallet
Reviewed quarterly when provider data or pricing changes.
Our Verdict
Wahed Invest is a hands-off robo-advisor that manages a diversified halal portfolio for you. Zoya is a self-directed stock screener and research tool for investors who want to pick their own stocks. They serve fundamentally different needs — Wahed for passive investors, Zoya for active ones. Many Muslim investors use both.
Side-by-Side Comparison
| Feature | Wahed Invest | Zoya |
|---|---|---|
| Type | Robo-advisor (managed portfolios) | Stock screener + self-directed investing |
| Approach | Automated — you set risk level, Wahed manages | DIY — you screen stocks and make trades |
| Minimum Investment | $100 | Free screening; brokerage minimums vary |
| Fee | 0.79%/year management fee | Free tier available; premium plans for advanced features |
| Shariah Screening | Internal Shariah board + AAOIFI-guided | Proprietary screening based on AAOIFI and Dow Jones standards |
| Products | Halal ETF (HLAL), managed portfolios, gold | Stock screener, halal compliance scores, purification calculator |
| Best For | Beginners, passive investors, hands-off approach | Active investors, researchers, stock pickers |
Which Should You Choose?
You're new to investing and want a simple start
→ Wahed Invest— Set-and-forget robo-advisor handles everything
You want to pick individual halal stocks
→ Zoya— Comprehensive screener with compliance scores for individual stocks
You want the lowest effort
→ Wahed Invest— Automated rebalancing, no stock selection needed
You want to learn about Shariah screening criteria
→ Zoya— Transparent screening methodology and detailed compliance breakdowns
You want to do both
→ Both— Many investors use Wahed for their core portfolio and Zoya to research individual stock picks
Understand the evidence behind this comparison
Prefer a ranked pick for your situation? See our evidence-backed guides:
Wahed Invest Full Review
Pros, cons, rates & details
Zoya Full Review
Pros, cons, rates & details
Not sure which is right? Compare all Investing providers.
Browse All Investing OptionsThis is just one of 7 categories. Average score: 63/100.
See yoursFrequently Asked Questions
Can I use both Wahed and Zoya?
Yes. Many Muslim investors use Wahed for their core automated portfolio and Zoya to screen individual stock picks for a self-directed brokerage account.
Which is cheaper?
Zoya's screening tool has a free tier. Wahed charges 0.79%/year to manage your portfolio. They're not directly comparable since Zoya doesn't manage money — you'd also pay brokerage fees for trades.
Which has better Shariah compliance?
Both use reputable screening methodologies guided by AAOIFI standards. Wahed has an in-house Shariah board. Zoya provides transparent, detailed compliance scores. The difference is marginal for most investors.
Halal verdicts for popular stocks
Full AAOIFI-based Shariah screens for individual stocks — business activity, financial ratios, and where scholars and screeners differ.
Wahed Invest is a hands-off robo-advisor that manages a diversified halal portfolio for you. Zoya is a self-directed stock screener and research tool for investors who want to pick their own stocks. They serve fundamentally different needs — Wahed for passive investors, Zoya for active ones. Many Muslim investors use both.
- You're new to investing and want a simple start: Wahed Invest — Set-and-forget robo-advisor handles everything
- You want to pick individual halal stocks: Zoya — Comprehensive screener with compliance scores for individual stocks
- You want the lowest effort: Wahed Invest — Automated rebalancing, no stock selection needed
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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: March 2026
How to cite this page
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
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.