Zoya Zoya Stock Screener

Zoya - legally Investroo Inc., a Delaware company founded by CEO Saad Malik and CTO Bilal Quadri - set out to 'take the guesswork out of halal investing' and has become the reference screening app for American Muslim retail investors: 400,000+ investors and over $1 billion in connected brokerage assets as of May 2026 (both company-reported; connected assets are user-linked balances, not funds Zoya manages). Its growth telemetry is public in its blog: $100M connected in May 2023, $250M in March 2024, $500M in April 2025, $1B in May 2026. Backers per the site's logo wall include Motivate, Deepdish, Innate, and Oraseya Capital; no funding amounts are published.

Screening is the core product, and Zoya is unusually transparent about how it works. The default is AAOIFI: a business screen failing companies whose prohibited revenue (alcohol, gambling, adult content, interest-based finance) exceeds 5%, and a financial screen requiring both interest-bearing debt and interest-bearing securities to stay under 30% of market capitalization - a threshold Zoya traces to the 'one-third, and one-third is much' hadith. Since February 2025, Pro subscribers can flip any stock's report between five standards (AAOIFI, S&P Shariah, MSCI Islamic, Dow Jones Islamic, FTSE Russell Shariah) and see why the same company passes one and fails another - different denominators, thresholds, and averaging windows. Zoya is equally clear about what it is not: its screens are an 'independent interpretation and replication of publicly available methodologies,' not certifications from the standard-setters, and its ratings don't supersede a fund's own Shariah board certification, which it displays alongside its own analysis.

Coverage spans US stocks, ETFs, and mutual funds plus stocks on major exchanges in the UK, Canada, Australia, Germany, France, Japan, India (BSE), Taiwan, Poland, and others - with fund look-through screening (US only) showing each underlying holding's status. The dataset refreshes daily, with compliance reports following each company's filing cadence. One accuracy note our research flags: Zoya's own pages claim 30,000, 40,000, and 60,000+ covered instruments in different places - growing coverage explains some of the spread, but the numbers are company-claimed. Ambiguous cases get a 'Questionable' rating - gray-area industries where scholars differ (supermarkets selling pork, advertising platforms, gaming) or insufficient disclosure - rather than a false binary, and a Controversies section sourced from the American Friends Service Committee's Investigate project flags involvement in prisons, surveillance, militarized borders, and occupied territories.

Beyond screening, Zoya has built toward action. Trading (Pro) passes orders to the user's own broker - Alpaca, Tastytrade, Public, and Webull in the US, Wealthsimple and Questrade in Canada, Stake in Australia - with US securities offered through Alpaca Securities LLC, a FINRA/SIPC member; Zoya itself is not a broker-dealer or investment adviser and holds nothing in custody. Zoya Direct (August 2025) is the standout: pick any ETF, fund, or index as a benchmark, strip out non-compliant names or add custom exclusions, and invest any amount with automatic weighting - no AUM fee, no expense ratio, just your broker's trading costs. Stock Baskets provide curated compliant collections, including Core Baskets built with ShariaPortfolio's SP Funds team since October 2025. The Zoyaverse Index (ZOYA100) turns anonymized user holdings into a monthly conviction-weighted benchmark of how Muslim retail investors actually allocate.

The worship-adjacent tooling is scholar-grounded. Zakat follows Sheikh Joe Bradford's Simple Zakat Guide: active holdings at 2.5% of value, passive holdings at 2.5% of your share of the company's current assets (with a scholar-approved 30%-of-market-value proxy), recursively applied through fund holdings - computed across every connected account, with donations to zakat-eligible charities through Every.org. Purification gets three documented methods (dividend, capital-gains, and AAOIFI annual per-share) with worked examples, and Zoya's advisors recommend combining dividend and capital-gains purification; the guidance is careful to note purification money earns no reward and cannot count toward zakat. When a holding falls out of compliance, the help content lays out both the conservative immediate-sale option and the one-to-two-period grace practice used by Islamic fund boards.

Governance rests on two named advisors rather than a formal supervisory board: Sheikh Joe Bradford - University of Medina-trained, AAOIFI Certified Shariah Adviser and Auditor, formerly VP and Senior Shariah Consultant at Al Rajhi Bank - and Sheikh Umer Khan, a mufti with ifta' from Darulifta Birmingham and a Wharton Master of Finance (who also advises ShariaPortfolio). Pricing has quirks worth knowing: the help center lists Pro at $14.99/month or $119.99/year, while the web checkout offers 'pay what you think is fair' around $9-11/month - a generous inconsistency, but an inconsistency. The free tier gives compliance status, one linked account, and AAOIFI only; full reports, multi-methodology switching, unlimited accounts, alerts, trading, baskets, and Zoya Direct are all Pro. A B2B API (from $39/month personal to $1,399/month commercial) powers partners from MENA brokerage Amana to Kuwait Finance House's KFH Capital.