Investing · Manzil
Manzil Trading (Self-Directed Halal Stock Trading)
Co-Founder & CEO, HalalWallet
Facts are re-verified against Manzil's published materials; this page updates when the provider's terms, rates, or coverage change.
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.
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What is the Manzil Trading (Self-Directed Halal Stock Trading)?
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.
- Contract structure: Self-directed brokerage with real-time AAOIFI screening (Zoya).
- Available in all 50 states.
- Shariah oversight disclosed: Formal Board.
- HalalWallet Index grade for Manzil in Investing: A.
- Verified against Manzil's published materials on 2026-09-29.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- Self-directed brokerage with real-time AAOIFI screening (Zoya)
- Program type
- Brokerage
- Management fee
- Core: $48/year + 0.40% of invested assets; Premium ($100K+ in assets): $0/year + 0.40%
- Minimum investment
- $100 minimum in assets; fractional shares
- Screening method
- Real-time Shariah screening by Zoya against AAOIFI standards, embedded in the platform; non-compliant stocks cannot be traded and status changes trigger notifications
- Account types
- Individual taxable brokerage (via the Manzil app)
- Availability
- all 50 states
- Shariah oversight
- Formal Board
- Provider founded
- 2019
- Last verified
- 2026-09-29
Facts are taken from Manzil's published product materials and were last verified on 2026-09-29. Fields the provider does not publish are omitted rather than estimated.
Our take
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).
Strengths
- Solves the two-app problem: screening and trading in one experience, with non-compliant stocks blocked rather than merely flagged
- Zoya's AAOIFI screening is the same data trusted across the US halal investing stack, here at no additional subscription cost
- Flat $48/year subscription is modest, and it disappears entirely at $100K+
- Purification and Zakat tooling is built in rather than left to the investor
- Backed by a named formal Shariah Supervisory Board at the company level, with published certificates and annual Shariah audits for prior years
- Complements Manzil's existing US managed portfolios, so investors can hold both models in one ecosystem
Watch-outs
- The 0.40% fee applies to self-directed assets, which costs more than commission-free conventional brokers (Robinhood, Fidelity) where halal-conscious investors screen manually
- Very new: launched in the US July 14, 2026, with a short operating track record
- Taxable individual accounts through the app; Manzil's US IRA and Roth IRA account pages sit under its managed offering rather than self-directed trading
- Universe limited to US-listed equities and ETFs that pass the screen; no options, bonds, or international listings
- Mobile-first: no desktop trading platform
Is the Manzil Trading (Self-Directed Halal Stock Trading) halal?
Every tradeable security is pre-screened against AAOIFI standards via Zoya, the industry-standard Shariah screening service, integrated directly into the platform at no extra cost; if a stock fails the screen, the platform blocks the trade. Compliance is monitored in real time and users are notified if a holding's status changes. Cash management avoids riba: no interest is earned on uninvested cash. Purification and Zakat calculators are built in. At the company level, Manzil maintains a formal Shariah Supervisory Board (Dr. Shaher Abbas, Dr. M. Gadhoum, and Mufti Faraz Adam) with governance structured on AAOIFI's three layers.
Shariah oversight disclosed by Manzil
Company governed by Manzil's formal Shariah Supervisory Board (Dr. Shaher Abbas, Dr. M. Gadhoum, Mufti Faraz Adam) on AAOIFI's three-layer model; trading universe enforced in real time by Zoya's AAOIFI screening.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Every tradeable stock pre-screened against AAOIFI standards via embedded Zoya integration
- Real-time compliance monitoring with notifications when a holding's status changes
- Fractional shares from $100
- Integrated Zakat and purification calculators
- No interest paid and no fees charged on uninvested cash
- SIPC-insured custody through Alpaca Securities LLC (FINRA member), up to $500,000
- Claimed first all-in-one halal trading app launched in North America (July 14, 2026)
- Available in the US, UK, UAE, Saudi Arabia, Qatar, and Bahrain with international KYC onboarding
Cost and terms
Core plan: $48 annually plus 0.40% of invested assets, $100 asset minimum; Premium plan at $100,000+ waives the annual subscription (0.40% only). Both include unlimited deposits and withdrawals, real-time compliance screening, Zakat and purification calculators, and no fees on uninvested cash (verified on manzil.co/halal-invest/trading 2026-08-05). Fees are charged on invested assets; uninvested cash earns no interest by design. Custody via Alpaca Securities LLC with SIPC protection up to $500,000. iOS and Android apps; launched in the US on July 14, 2026, alongside the UK, UAE, Saudi Arabia, Qatar, and Bahrain.
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Manzil Trading (Self-Directed Halal Stock Trading) (this page) | Self-directed brokerage with real-time AAOIFI screening (Zoya) | Formal Board | all 50 states | A |
| Zoya Brokerage Integration | Stock Screener | Named Scholar | all 50 states | — |
| Musaffa Halal Stock Screener | Stock Screener | Formal Board | all 50 states | — |
| Wahed Real Estate Fund | Zero-debt single-family rental fund (100% equity) | Third-Party Certified | all 50 states | B+ |
| SPFunds SP Funds S&P 500 Shariah Industry Exclusions ETF | Index-based | Third-Party Certified | all 50 states | B |
Other Manzil products
- Manzil Russell Halal USA Broad Market ETF
Investing · Index-based
- Wealth Management
Investing · Wealth Management
Where it's available
Manzil lists the Manzil Trading (Self-Directed Halal Stock Trading) as available in all 50 states.
Availability may vary by product and can change; verify with Manzil before applying.
Frequently asked questions
Is the Manzil Trading (Self-Directed Halal Stock Trading) halal?
Every tradeable security is pre-screened against AAOIFI standards via Zoya, the industry-standard Shariah screening service, integrated directly into the platform at no extra cost; if a stock fails the screen, the platform blocks the trade. Compliance is monitored in real time and users are notified if a holding's status changes. Contract structure: Self-directed brokerage with real-time AAOIFI screening (Zoya). Shariah oversight disclosed by Manzil: Formal Board. HalalWallet reports what the provider documents; we do not certify products.
How does the Manzil Trading (Self-Directed Halal Stock Trading) work?
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.
What does the Manzil Trading (Self-Directed Halal Stock Trading) cost?
Core plan: $48 annually plus 0.40% of invested assets, $100 asset minimum; Premium plan at $100,000+ waives the annual subscription (0.40% only). Both include unlimited deposits and withdrawals, real-time compliance screening, Zakat and purification calculators, and no fees on uninvested cash (verified on manzil.co/halal-invest/trading 2026-08-05). Fees are charged on invested assets; uninvested cash earns no interest by design. Custody via Alpaca Securities LLC with SIPC protection up to $500,000. iOS and Android apps; launched in the US on July 14, 2026, alongside the UK, UAE, Saudi Arabia, Qatar, and Bahrain.
What are the minimums for the Manzil Trading (Self-Directed Halal Stock Trading)?
As published by Manzil: minimum investment $100 minimum in assets; fractional shares. Confirm current requirements with Manzil before applying.
Where is the Manzil Trading (Self-Directed Halal Stock Trading) available?
Manzil lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with Manzil.
What are the alternatives to the Manzil Trading (Self-Directed Halal Stock Trading)?
In the same category we also list Zoya Brokerage Integration, Musaffa Halal Stock Screener, Wahed Real Estate Fund (HalalWallet Index B+). Compare every option side by side on our Halal Investing hub.
When was this Manzil product information last verified?
HalalWallet last verified the Manzil Trading (Self-Directed Halal Stock Trading) details against Manzil's published materials on 2026-09-29. Rates, fees, and availability can change after that date.
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.
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-29
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