Manzil Manzil Trading (Self-Directed Halal Stock Trading)

Halal Investing in Oregon

Manzil Trading, launched July 14, 2026, is Manzil Invest USA's self-directed brokerage: trade individual US equities and ETFs where every stock in the universe is pre-screened against AAOIFI standards through an embedded Zoya integration, so non-compliant names simply cannot be traded. Manzil's founder describes it as a halal version of Robinhood and claims it is the first all-in-one halal trading app launched in North America, replacing the old workaround of running a screening app alongside a regular brokerage. It includes fractional shares from $100, real-time compliance monitoring with alerts when a holding's status changes, integrated Zakat and purification calculators, and no interest paid or fees charged on uninvested cash. Brokerage execution and custody are through Alpaca Securities LLC (FINRA member, SIPC coverage up to $500,000); advisory services sit with SEC-registered Manzil Investment Advisors (Dallas). Also live in the UK, UAE, Saudi Arabia, Qatar, and Bahrain.

Manzil Trading is the missing half of Manzil's US offering: the managed robo portfolios arrived with the Aghaz acquisition, and this adds a self-directed lane where the halal guardrails are structural, not advisory. The Zoya integration is the real differentiator, since a stock that fails AAOIFI screening simply cannot be bought, and status changes push alerts instead of relying on the investor to re-check. The honest cost comparison: paying $48 plus 0.40% for self-directed trading is a real premium over free brokerages plus a $10/month screening app, so you are paying for enforcement and integration, not access. For disciplined investors who already run their own screens, the value is thinner; for everyone else, it removes the most common failure mode in halal DIY investing. A young product, but built on established rails (Alpaca custody, Zoya data, an AAOIFI-modeled Shariah board).