Amal Invest's halal investing app gives Muslim consumers a mobile platform to buy Shariah-screened stocks and ETFs.
Amal Invest is a Y Combinator-backed mobile platform that lets Muslim retail customers invest in Shariah-screened stocks and exchange-traded funds through a self-serve app. The service screens listed equities for compliance with Islamic finance principles, removing companies involved in interest-based lending, alcohol, gambling, pork, and other prohibited categories, and provides fractional share trading for global investors.
The Manama-based company operates internationally and uses an API-driven brokerage model to support distribution beyond its native Bahraini market. Amal is an SEC-aware Shariah investing platform that competes with halal robo-advisors and digital wealth platforms targeting Muslim consumers globally.
| Attribute | Halal Investing App | Halal Robo-Advisor | |
|---|---|---|---|
| Provider | |  | |
| Founded | 2021 | 2015 | |
| Sells To | Consumers | Consumer | |
| Pricing Model | Recurring, Software, Transactional | Subscription | |
| Ownership | Venture-backed | Venture-backed |
Provider
Founded 2021
Sells To Consumers
Pricing Model Recurring, Software, Transactional
Ownership Venture-backed
Provider
Founded 2015
Sells To Consumer
Pricing Model Subscription
Ownership Venture-backed
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HLAL is Wahed's flagship Shariah-screened US large-cap ETF tracking the FTSE Shariah USA Index.
Manzil's halal wealth platform offers Shariah-compliant managed portfolios, financial planning, and access to halal mortgages.
Wahed's halal real estate fund offers diversified Shariah-compliant US property exposure from $100 minimum investment.
SPUS is a Shariah-screened US large-cap ETF tracking the S&P 500 Sharia Industry Exclusions Index.
SPRE is a Shariah-screened global REIT ETF offering halal real estate exposure on Nasdaq.
Amana Mutual Funds is Saturna Capital's family of long-running Shariah-compliant equity and fixed income mutual funds.
The Manzil Mortgage Fund is a publicly traded Canadian halal real estate fund financing Shariah-compliant residential mortgages.
Upvest's Investment API is a cloud-native platform for brokerage, settlement and custody across Europe and the UK.
Groww Investing App lets Indian users invest in stocks, mutual funds, and gold.
Mobile and web platform for goal-based mutual fund investing, KYC, SIPs, and portfolio tracking in India.
Embedded digital investing for credit unions and community banks.
INDmoney Investing App lets users trade Indian and US markets from one account.
ET Money Investing App offers mutual funds, stocks, NPS, and goal-based investing.
Platform for launching and running private investment syndicates and funds.