Compare 21 Shariah-compliant products from 8 providers available in New York. Every listing includes Shariah oversight details, ratings, and direct provider links.
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Showing all 21 products available to New York residents — including nationwide providers and those with specific New York coverage.
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, Roth IRA
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, Roth IRA
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, Roth IRA
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, Roth IRA
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, Roth IRA
Opens provider site — no obligation
Full details →
Halal ETF Finder
Search and compare halal ETFs screened for Shariah compliance using Musaffa's proprietary methodology.
Type
Stock Screener
Opens provider site — no obligation
Full details →
SP Funds Dow Jones Global Sukuk ETF
Diversify your fixed income exposure with sukuks, Islamic financial certificates
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →SP Funds S&P Global Technology ETF
Provides exposure to global technology companies through large and mid-cap stocks
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →SP Funds S&P 500 Shariah Industry Exclusions ETF
Gain value-conscious exposure to an S&P 500 ETF composed to Sharia guidelines
Type
ETF
Expense Ratio
0.45%
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →SP Funds S&P Global REIT Shariah ETF
Provides value exposure to real estate asset class through Sharia-compliant REITs
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →SP Funds S&P World ETF
Provides exposure to a broad range of international developed and emerging market companies
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA, Roth IRA
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, Roth IRA
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, Roth IRA
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, Roth IRA
Opens provider site — no obligation
Full details →
Zoya Stock Screener
Screen thousands of investments for Sharia compliance
Type
Stock Screener
Fee
$14.99/month or $119.99/year
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →Zoya Brokerage Integration
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, Roth IRA
Opens provider site — no obligation
Full details →
Manzil Russell Halal USA Broad Market ETF
Broad exposure to US halal equities using the Russell Halal USA index methodology
Type
ETF
Expense Ratio
0.40%
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →Musaffa Halal Stock Screener
The go-to platform for Shariah-compliant investment research
Type
Stock Screener
Account Types
Individual, IRA, Roth IRA
Opens provider site — no obligation
Full details →
ShariaPortfolio Access
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, Roth IRA
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, Roth IRA
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, Roth IRA
Opens provider site — no obligation
Full details →Explore investing in major New York metros
The halal investing landscape has grown significantly, with options ranging from self-directed stock screening to fully managed portfolios. Here's how to choose.
The screening criteria determine what's considered halal. AAOIFI standards are widely recognized, but some providers use proprietary criteria. Understand how stocks are screened for both business activity and financial ratios.
Options include halal ETFs (passive, low-cost), managed portfolios (professionally managed), brokerage platforms (self-directed), and screening tools (analyze your existing holdings). Choose based on your investment experience and preferences.
Compare expense ratios for ETFs, management fees for advisory services, and platform subscription costs. Lower fees compound into significantly more wealth over time, so cost matters.
Check if the platform supports individual accounts, joint accounts, IRAs, and Roth IRAs. If you're saving for retirement, having halal options within a tax-advantaged account is valuable.
How providers available in New York 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 New York
A step-by-step guide to evaluating halal investing providers
Verify Shariah compliance
Check whether the provider has a formal Shariah board, named scholar oversight, or third-party certification. Independent Shariah governance is the strongest indicator of genuine compliance.
Compare financing structures
Understand whether the product uses Musharakah, Murabaha, Ijara, Wakalah, or another structure. Each has different risk profiles, ownership implications, and cost characteristics.
Check state availability
Some providers are nationwide while others serve specific states. Confirm the product is available in your state and that the provider is licensed to operate there.
Evaluate total cost
Look beyond the headline rate. Factor in fees, closing costs, profit margins, and any recurring charges. Request a Good Faith Estimate or cost breakdown from each provider.
Read customer reviews
Check Google reviews, BBB ratings, and community feedback. Pay attention to comments about communication, processing speed, and post-closing service.
Consult a qualified advisor
For significant financial decisions, consult both a qualified Islamic finance advisor and a licensed financial professional who understands your specific situation.
Halal Finance Score
Are your investments Shariah-screened? Check all 7 categories.
Average score: 63/100
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A state-specific view of halal investing availability based on our latest provider dataset.
Total products in New York
21
Nationwide options
20
State-specific options
1
Top providers currently available in New York
Amana Funds, Azzad Asset Management, Manzil, Musaffa, ShariaPortfolio and 3 more
New York has the largest Muslim population of any U.S. state — an estimated 724,000 people, representing 3.6% of the state's population (World Population Review, 2020 estimates). New York City's Muslim communities are concentrated in Brooklyn, Queens (particularly Jackson Heights and Astoria), and the Bronx. The broader metro — including northern New Jersey and southern Connecticut — represents the largest Muslim market in the country by purchasing power. With a statewide median home price of approximately $576,000 (World Population Review/FHFA, 2025) — and significantly higher in NYC — halal mortgage comparison is essential. The difference between providers could be tens of thousands of dollars over the life of the financing. Guidance Residential serves New York with their Musharakah model, IjaraCDC covers the state through their Ijara network, and UIF also operates here. Given the stakes, New York buyers should compare at least three providers and examine total cost over the full term, not just monthly payments. New York's financial regulatory framework is among the strongest in the U.S., providing robust consumer protections for all borrowers including those using halal products. The state's high incomes create strong demand for halal investing, retirement planning, and estate planning. New York has specific trust and estate laws that affect Islamic will planning — platforms like Sharia Wiz account for state-specific legal requirements.
Explore other halal financial products for New York residents
Explore investing in neighboring states
Structure comparisons, guides, and New York cross-links.
Structure comparisons
Educational guides
Calculators & tools
Nearby states
View our full comparison with filters for state, structure, and more — all in one place.
Reviewed monthly and updated when state availability, provider coverage, or product details change.
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: 2026-03-06
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.