Akinda Akinda Halal Stock Screener
Halal Investing in Michigan
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 Michigan
Akinda's Akinda Halal Stock Screener is available to investors in Michigan, structured as a Stock Screener. Michigan is home to an estimated ~242K Muslims (2.4% of the population) (World Population Review, 2020 estimates). Akinda operates nationwide, so Michigan residents have full access to this product.
Shariah 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 Michigan
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Visit Akinda's website to get current terms, check eligibility for Michigan, and get started today.
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Compare With Other Options in Michigan
26 other investing products available to Michigan 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.