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
Reviewed quarterly and updated for major content 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
Wahed Invest Full Review
Pros, cons, rates & details
Zoya Full Review
Pros, cons, rates & details
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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.
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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
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.