Akinda Akinda Halal Stock Screener
Halal Investing in Maine
Akinda is a Shariah-compliant stock research and portfolio platform for Muslim investors. It screens US, UK, and Canada listed equities against AAOIFI Shari'ah Standard No. 21 and shows the full ratio math behind every verdict, alongside portfolio tracking, purification and zakat calculators, backtesting, and AI-assisted stock analysis. Akinda is a research tool, not a brokerage: it does not hold client funds, execute trades, or manage portfolios.
Akinda's honest pitch is transparency on a free tier: AAOIFI Standard 21 applied in public, every verdict showing the ratio math, and figures pulled from the filings themselves. That is rarer than a status badge. The trade-offs are equally clear. Oversight is a single named CSAA adviser, Dr. Muhammad Nazir Khan, not a multi-member board or an independent certification like Musaffa's Amanah Advisors certificate. Coverage is US, UK, and Canada listed names, not Musaffa's 60-market universe, and Zoya still wins if you need to flip the same ticker across S&P, MSCI, Dow Jones, and FTSE rulebooks. Akinda also states it does not hold funds or execute trades, so you still buy through your own broker. For a Muslim who wants to see the AAOIFI math without paying, this is the most complete free screener we list. It is not, on the facts we have, a higher-scoring platform than Musaffa or Zoya overall.
Pros
- Free tier includes full stock-screener access, not status-only lookups
- Every verdict displays the underlying AAOIFI ratios so users can verify the result
- Named AAOIFI-certified adviser (CSAA): Dr. Muhammad Nazir Khan
- Available worldwide on web, iOS, and Android
Cons
- A research tool, not a brokerage - Akinda does not hold client funds, execute trades, or manage portfolios
- Single named scholar rather than a multi-member Shariah supervisory board
- Screening coverage is US, UK, and Canada listed equities, narrower than Musaffa's global universe
- Founded in 2023, so a shorter operating history than Zoya or Musaffa
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Product Details
Type
Stock Screener
Fee
Free screener; Standard $7/mo; Premium $9/mo; Investor $20/mo
Account Types
Individual
Screening Method
AAOIFI Shari'ah Standard No. 21
Akinda in Maine
Akinda's Akinda Halal Stock Screener is available to investors in Maine, structured as a Stock Screener. Maine is home to an estimated ~17K Muslims (1.2% of the population) (World Population Review, 2020 estimates). Akinda operates nationwide, so Maine residents have full access to this product.
Our Take on Akinda
Akinda is the most transparent free AAOIFI stock screener we list: Standard 21 applied in public, every verdict showing the ratio math, and figures pulled from the filings rather than estimated. That is a real differentiator against Zoya and Musaffa, whose deepest reports sit behind paid plans. It is not a higher-scoring platform overall. Oversight is one named CSAA adviser, not a multi-member board or an independent certification. Coverage is US, UK, and Canada listed equities, not a 60-market universe. Zoya still wins if you need to re-screen the same ticker under S&P, MSCI, Dow Jones, and FTSE rulebooks, and Musaffa still wins on graded C- to A+ history and scholar depth. Use Akinda when you want to see the AAOIFI math without paying; use Zoya or Musaffa when you need breadth, multi-standard switching, or a heavier Shariah-governance story.
How Akinda Works
Look up a US, UK, or Canada listed ticker
The free screener returns a Halal / Haram / Doubtful verdict with the underlying AAOIFI ratios visible.
Read the filing-level math
Debt, interest-bearing investments, and non-permissible income are shown as ratios so you can verify the result instead of trusting a badge.
Purify incidental income
When a passing stock still has a small non-permissible income share, Akinda calculates the purification amount to donate.
Execute at your own broker
Akinda does not hold funds or place trades. Use the verdict as research, then buy through your existing brokerage.
Financing Structure
Akinda does not restructure transactions or custody assets. It verifies listed equities against AAOIFI Shari'ah Standard No. 21 (business-activity screen plus the 30% / 30% / 5% financial ratios, with debt and interest-bearing investments measured against trailing 12-quarter average market cap) and shows the ratios behind each verdict. Trades, if any, happen at the user's own broker.
In-Depth Analysis
Akinda Capital Technologies LLC was incorporated in Delaware in October 2023. The product is a Shariah-compliant stock research and portfolio platform: screening, portfolio tracking, purification and zakat calculators, backtesting, and AI-assisted analysis. In the listing they sent HalalWallet they were explicit that they do not hold client funds, execute trades, or manage portfolios. That legal posture matters, because the public homepage still talks about combining screening with 'real brokerage trading.' Until that copy matches the listing, treat Akinda as a research tool and execute at your own broker.
The screening methodology is the product, and it is published. Akinda applies AAOIFI Shari'ah Standard No. 21 in two stages. Phase 1 is a business-activity screen with 0% tolerance for a core business in conventional banking and insurance, alcohol, pork, gambling, tobacco, adult entertainment, or weapons. Phase 2 is the financial screen. On the live methodology page (crawled 2026-09-19) debt and interest-bearing investments are measured against trailing 12-quarter average market capitalization, not spot market cap: interest-bearing debt must stay under 30%, interest-bearing securities and deposits under 30%, and non-permissible income under 5% of total revenue. A stock must pass every test. Verdicts come back Halal, Haram, or Doubtful when filings are incomplete or a merger obscures the numbers. Where a passing stock still has a small non-permissible income share, Akinda calculates the purification amount.
Data sourcing is the other published claim. Akinda says it uses structured market data (they name FMP) plus an AI auditor that extracts variables from official filings: SEC 10-K/10-Q in the US, Companies House in the UK, and 40-F / IR reports in Canada. Holdings are re-screened after each earnings season, so a company's status can change quarterly. That filing-level posture is what they are selling against apps that only show a badge.
Shariah oversight is a single named scholar. Dr. Muhammad Nazir Khan, listed on the methodology page as Shariah adviser, is an AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda says it applies AAOIFI's published standard directly rather than a proprietary interpretation, and that it does not currently operate a separate multi-member Shariah supervisory board. That is weaker governance than Musaffa's Amanah Advisors certificate plus a sitting AAOIFI board member, and thinner than Zoya's two-scholar panel. It is still named, credentialed, and public, which is more than many early-stage screeners disclose.
Pricing is the easiest comparison. The stock screener is free. Paid consumer plans are Standard $7/month, Premium $9/month, and Investor $20/month, with a separate B2B API at b2b.akinda.io. There are no trading commissions or AUM fees because there is no brokerage. Coverage is the constraint: US, UK, and Canada listed equities, with a homepage claim of 10,000+ stocks. Company-claimed traction is about 15,000 monthly active users, plus Plug and Play Batch 5, a Google for Startups grant, and IT Park residency. Those are their numbers, not independently audited.
Shariah Compliance Details
- Screening follows AAOIFI Shari'ah Standard No. 21 as published on akinda.io/shariah-screening-methodology (crawled 2026-09-19): business-activity exclusions, then interest-bearing debt under 30% of trailing 12-quarter average market cap, interest-bearing investments under 30% of that same average, and non-permissible income under 5% of revenue.
- Named Shariah adviser: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda does not operate a multi-member Shariah supervisory board and has not published a third-party methodology certificate.
- Data: latest regulatory filings (US 10-K/10-Q, UK Companies House, Canada 40-F and IR), with holdings re-screened after each earnings season. Verdicts are research outputs, not fatwas or buy recommendations.
- Regulatory posture (provider-stated, 2026-09-18): research and screening only. Akinda does not hold client funds, execute trades, or manage portfolios. No broker-dealer or RIA registration was provided.
How Akinda Compares
Akinda's closest peers are Zoya and Musaffa. Akinda wins on free, visible AAOIFI ratio math. Zoya wins on multi-standard switching and a two-scholar panel. Musaffa wins on coverage, graded C- to A+ history, and a certified methodology overseen by a sitting AAOIFI board member.
Zoya also applies AAOIFI by default and shows ratio detail on paid reports, and Pro users can re-screen the same ticker under S&P, MSCI, Dow Jones, and FTSE rulebooks. Akinda counters with a free full screener and filing-extracted Standard 21 math. Zoya has two named scholars; Akinda has one CSAA adviser and no multi-standard switch.
Musaffa's methodology is independently certified by Amanah Advisors and overseen by a sitting AAOIFI Shariah Board member, with C- to A+ grades and much broader global coverage. Akinda is cheaper to use in depth (free full screener) and publishes the ratio math on every verdict, but it does not match Musaffa on scholar depth or universe size.
Wahed manages a halal portfolio for you under a formal Shariah board. Akinda is the opposite product: a self-directed research layer with no custody and no managed portfolios.
Bottom Line
Use Akinda when you want AAOIFI Standard 21 math in the open without paying. Use Zoya or Musaffa when you need broader coverage, multi-standard switching, or a heavier Shariah-governance story. Akinda is a strong free listing, not the highest-scoring screener in the set.
Read full Akinda reviewShariah Compliance & Oversight
Screening methodology developed and reviewed under Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda applies AAOIFI Shari'ah Standard No. 21 directly rather than a proprietary in-house interpretation. No separate multi-member Shariah supervisory board.
Shariah adviser: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Methodology published at akinda.io/shariah-screening-methodology. No multi-member Shariah supervisory board.
2026-09-19
State Availability
Akinda serves all 50 states + DC
✓ Available nationwide including Maine
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Compare With Other Options in Maine
26 other investing products available to Maine residents
Fund reconstruction with AAOIFI screening (via Zoya) · Nationwide
Nationwide
Halal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
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Co-Founder, HalalWallet
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.