Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Provides Sharia compliance screening tools for investments based on methodologies reviewed and approved by Islamic scholars.
Opens provider's site - no obligation
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
3
Products Reviewed
50
States Served
2
Categories
2020
Founded
Oversight Level
Formal Shariah Board - highest level of independent oversight
Shariah advisors include Shaikh Dr. Aznan Hasan and Mufti Faraz Adam. Board continuously monitors compliance methodology.
Shariah compliance should always be verified directly with Musaffa. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Review the products listed above and compare Musaffa with other providers. Confirm terms and Shariah documentation directly with Musaffa.
This page is the quick profile - Index grade, products, and availability. For the step-by-step walkthrough, costs, and our detailed take:
Musaffa Halal Stock Screener
Musaffa's stock screener is the research core of a New York fintech (SEC-registered investment adviser, CRD #338525) that has screened 135,030 stocks and 8,241 ETFs across 150+ markets for Shariah compliance, serving a claimed 659,485 users. Every ticker gets a Halal/Doubtful/Not Halal verdict plus a C- to A+ compliance grade under the AAOIFI methodology - independently certified by Amanah Advisors and overseen by Shaikh Dr. Aznan Hasan, a sitting AAOIFI Shariah Board member, with Mufti Faraz Adam. Detailed reports expose the underlying ratios; in the US universe, 1,339 of 6,403 screened stocks rated halal at the August 2026 check.
Opens provider site - no obligation
Halal ETF Finder
Musaffa's ETF Finder applies holdings-level Shariah screening to 8,241 ETFs - every constituent tested against the published AAOIFI ratios rather than trusting a fund's label. The verdict at the August 2026 check: just 72 of 3,764 US-listed ETFs rated halal, which is precisely why the tool matters - mainstream funds like VOO, QQQ, and SPY are screened alongside dedicated Islamic products so investors can see exactly why they fail. Ratings update quarterly under a methodology certified by Amanah Advisors and overseen by a sitting AAOIFI Shariah Board member, with C- to A+ grades and compliance filters.
Opens provider site - no obligation
Zakat Calculator
Musaffa's zakat calculator walks through the categories a real zakat reckoning requires - cash in hand and bank accounts, gold and silver, stock and fund investments, business assets, property held for trading, loans, and deductions for immediate bills, taxes, rent, and wages - rather than reducing the obligation to a single input box. Investment treatment follows the scholarly distinction Musaffa teaches in its Academy: long-term holders assess either 2.5% of market value or their proportional share of the company's zakatable assets, while active traders assess full market value. Manual calculation is free; the paid Foundation plan imports live portfolio data from linked brokerages, and purification is tracked separately from zakat.
Opens provider site - no obligation
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Based on listings we track, Musaffa operates nationwide across the U.S.:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Musaffa.
Musaffa is in HalalWallet's independent directory for Investing, Zakat Calculator, with listings covering nationwide across the U.S.. Structures we list: Stock Screener, ETF Screener, Tool. Confirm terms and Shariah documentation directly with Musaffa.
Source: HalalWallet (halalwallet.us)
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.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
Preferred format (HTML):
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Musaffa has 3 products we currently list across 2 categories. Structures we list: Stock Screener, ETF Screener, Tool. Review the products listed above for current offerings. Confirm terms directly with Musaffa.
Review Musaffa's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Musaffa and consult with qualified Islamic finance advisors for guidance on specific products.
Musaffa operates nationwide across the U.S., though specific products may have regional limitations. Always verify current availability directly with Musaffa.
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
Visit Musaffa at musaffa.com/halal-investing, or use the product links on this page.
6 verified reviews
Game changer for me. I used to just avoid stocks altogether because I didn't know what was halal. Now I check everything on Musaffa before I buy. The compliance reports are detailed and easy to read.
the purification calculator is a feature I didn't even know I needed. tells you exactly how much to give away from any non-compliant income. genius
I subscribe to the premium plan. Worth it if you're actively investing. The free version is fine for casual checking but the detailed breakdowns on the paid tier helped me build a proper portfolio.
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