Compare 21 Shariah-compliant products from 8 providers available to Chicago area residents. Every listing includes Shariah oversight details, Halal Money Index grades, and direct provider links.
Chicago has a large and established Muslim community concentrated in several neighborhoods on the city's southwest side and northern suburbs. The metro area is served by numerous mosques and Islamic organizations, creating strong demand for halal banking, home financing, and business financing throughout the Chicagoland area.
Population
2,721,326
Chicago city limits
Median home value
$341,200
~$68,240 at 20% down
Median household income
$80,613
47% homeownership rate
A Chicago household at the median income of $80,613 investing 10% a year would put roughly $8,061 annually into halal portfolios.
Sources: U.S. Census Bureau, ACS 2024 1-year; Zillow Home Value Index (metro), 2026-06-30. Figures for Chicago, IL.
Showing all 21 products available to Chicago, Illinois residents — including nationwide providers and those with specific Illinois coverage.
Broad exposure to US halal equities using the Russell Halal USA index methodology
Type
ETF
Expense Ratio
0.40%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Provides exposure to a broad range of international developed and emerging market companies
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Diversify your fixed income exposure with sukuks, Islamic financial certificates
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Provides exposure to global technology companies through large and mid-cap stocks
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Gain value-conscious exposure to an S&P 500 ETF composed to Sharia guidelines
Type
ETF
Expense Ratio
0.45%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Provides value exposure to real estate asset class through Sharia-compliant REITs
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Search and compare halal ETFs screened for Shariah compliance using Musaffa's proprietary methodology.
Type
Stock Screener
Opens provider site — no obligation
Full details →The go-to platform for Shariah-compliant investment research
Type
Stock Screener
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Link your existing brokerage account to monitor your current holdings within Zoya
Type
Brokerage
Fee
$14.99/month or $119.99/year
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Screen thousands of investments for Sharia compliance
Type
Stock Screener
Fee
$14.99/month or $119.99/year
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →
ShariaPortfolio Express
An online system for clients with $1,000 or more who prefer an digital solution, with investment models developed by experienced money managers
Type
Investment Platform
Min Investment
$1,000
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →ShariaPortfolio Institutional
Institutional services to financial advisors wishing to provide their clients with Sharia-compliant investment solutions
Type
Investment Platform
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Wealth Management
For clients seeking comprehensive wealth management services who have $100,000 or more to invest
Type
Investment Platform
Min Investment
$100,000
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →
Wahed Dow Jones Islamic World ETF
Exposure to Shariah-compliant international (non-US) equities across developed and emerging markets
Type
ETF
Expense Ratio
0.65%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Wahed Invest Robo-Advisor
Craft an investment portfolio designed to align with your values and help you achieve your goals
Type
Investment Platform
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Wahed FTSE USA Shariah ETF
Get passive index exposure to US Shariah-compliant stocks
Type
ETF
Expense Ratio
0.50%
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →
Amana Growth Fund (AMAGX)
Seeks long-term capital growth by investing in common stocks and principally follows a large-cap investment style
Type
Mutual Fund
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Amana Participation Fund (AMAPX)
Seeks capital preservation and current income by investing primarily in sukuk, Islamic investment certificates
Type
Mutual Fund
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Amana Developing World Fund (AMDWX)
Seeks long-term capital growth by investing in common stocks of companies with significant exposure to emerging markets.
Type
Mutual Fund
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Amana Income Fund (AMANX)
Seeks current income and preservation of capital by following an equity-income investment strategy
Type
Mutual Fund
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →
Azzad Wealth Management
Comprehensive wealth management and financial advising for high net-worth individuals
Type
Investment Platform
Account Types
Individual, IRA (+1 more)
Opens provider site — no obligation
Full details →Halal investing has many forms today. You can pick stocks yourself or use a fully managed plan. Here is how to choose.
Each platform sets its own halal rules. Many follow AAOIFI standards. Others use their own checks. Ask how they screen for both the business type and the financial ratios.
You have four main paths. Halal ETFs are low-cost and easy. Managed accounts handle the work for you. Brokerages let you trade on your own. Screening apps check what you already own. Pick the path that fits your style.
Compare ETF fees, advisor fees, and app costs. Even small fees add up over time. Lower fees mean more wealth in the long run.
Check what accounts the platform offers. Look for solo and joint accounts. Look for IRAs and Roth IRAs. Halal options inside a tax-favored account add real value.
How providers available in the Chicago area handle Shariah compliance verification
Formal Shariah Board
Independent panel of scholars that reviews and approves products
Third-Party Certified
Compliance verified by an external Shariah certification body
Named Scholar
Specific scholar(s) provide oversight and endorsement
Common questions about halal investing in Chicago, Illinois
Explore investing in other Illinois metros
Explore investing in neighboring states
Explore other halal financial products for Chicago, Illinois residents
View the full Illinois comparison or our nationwide tool with filters for state, structure, and more.
Reviewed monthly and updated when city coverage assumptions, provider availability, or product details change.
Co-Founder, HalalWallet
We prioritize data accuracy, transparency, and Shariah-related disclosures. Product availability and details are sourced from provider materials and our structured product dataset. We do not fabricate statistics, reviews, or financial projections.
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-07-01
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:
