Halal Investing in Minnesota
Comprehensive wealth management and financial advising for high net-worth individuals
Azzad Asset Management's Wealth Management is a well-established investment platform with a track record dating back to 2000. Best suited for: Wealth management, purification.
Pros
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Type
Investment Platform
Account Types
Individual, IRA, Roth IRA
Screening Method
AAOIFI standards
Azzad Asset Management's Azzad Wealth Management is available to investors in Minnesota, structured as a Wealth Management. It holds a HalalWallet rating of 4.5/5. Minnesota has above-average state capital gains tax rates, which investors should factor into after-tax return calculations when comparing halal investment options. Minnesota is home to an estimated ~115K Muslims (2% of the population) (World Population Review, 2020 estimates). Azzad Asset Management operates nationwide, so Minnesota residents have full access to this product.
Azzad Asset Management provides comprehensive wealth management and financial advising services for high net-worth Muslim investors. With nationwide availability, they offer an alternative to conventional wealth managers for those seeking Shariah-compliant portfolio management.
Initial Consultation
Meet with an Azzad advisor to discuss your financial goals, risk tolerance, and Shariah compliance requirements.
Portfolio Construction
Advisors build a diversified, Shariah-compliant portfolio tailored to your needs.
Ongoing Management
Azzad actively manages your portfolio, rebalancing and adjusting as needed while maintaining Shariah compliance.
Financing Structure
Azzad Asset Management uses a managed wealth management model. Advisors construct and maintain a Shariah-compliant investment portfolio based on your financial goals, risk tolerance, and time horizon. Investments are screened to exclude prohibited industries and interest-bearing instruments.
Azzad Asset Management provides Shariah-compliant wealth management and financial advising services. Their focus is on comprehensive portfolio management for high net-worth individuals who want their investments to align with Islamic principles.
Unlike stock screeners or self-directed investing platforms, Azzad offers a managed approach where advisors construct and maintain a Shariah-compliant portfolio on your behalf. This is similar to conventional wealth management firms but with an Islamic finance overlay.
With nationwide availability, Azzad is accessible to Muslim investors across all states, filling a gap for those who want professional investment management rather than do-it-yourself investing.
Azzad competes with other halal investment providers. The right choice depends on whether you want managed wealth management or self-directed investing.
ShariaPortfolio also offers managed halal wealth management, including institutional services and retirement accounts. Compare fees and minimum investment requirements.
Wahed offers ETFs, IRAs, and automated investing — a more self-directed approach than Azzad's full-service model.
Bottom Line
Azzad Asset Management is a strong option for high net-worth Muslim investors who want hands-on wealth management rather than self-directed investing. For DIY investors, consider Wahed or halal ETF providers like SPFunds.
Read full Azzad Asset Management reviewIndependent Shariah Advisory Board
Shariyah Review Bureau certifies Azzad funds. AAOIFI-aligned screening methodology.
2026-02
Azzad Asset Management serves all 50 states + DC
✓ Available nationwide including Minnesota
Visit Azzad Asset Management's website to get current terms, check eligibility for Minnesota, and get started today.
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20 other investing products available to Minnesota residents
Index-based · 49 states
4 verified reviews
Azzad manages our family's halal investments. The team in Virginia is responsive and they genuinely understand both Islamic screening and modern portfolio theory. Best of both worlds.
Switched to Azzad from a conventional advisor. The transition was easy and I appreciate that they factor in ESG along with shariah compliance. Two birds one stone.
Good wealth management but the minimums might be high for younger investors. If you have the capital, the service is excellent.
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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Average score: 63/100
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Reviewed quarterly and updated for major content changes.
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.