Musaffa is a research screen, not a Canadian brokerage. Musaffa checks stocks and ETFs against AAOIFI ratios, grades them, and can track a portfolio you already hold at Wealthsimple, Questrade, or Webull Canada. Its commission-free trading platform is for US residents only.
The free tier screens a large global list at a basic level. The Foundation plan is $72 US a year, marketed as about $6 a month, and adds detailed reports, research, broker-linked tracking, and purification and zakat calculations. At mid-2026 Musaffa reported 403 halal stocks out of 3,159 screened on Canadian markets, and 10 halal ETFs out of 1,281. See the provider page and the investing hub.
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Who It Is For
Use Musaffa if you want a grade and a short history on a Canadian stock, not only a yes or no. Skip it if you expected Musaffa to hold the TFSA. That trading feature does not cover Canadian residents.
- You pick stocks or ETFs in a Canadian brokerage
- You want AAOIFI grades from C-minus to A-plus
- You want purification math tied to how long you held the stock
- You do not need Musaffa to execute Canadian trades
The Screen and the Price
| Item | For Canadians |
|---|---|
| Halal Canadian stocks | 403 of 3,159 screened, mid-2026, company-reported |
| Halal Canadian ETFs | 10 of 1,281 |
| Rules | Non-permissible income at or under 5 percent. Interest-bearing assets and debt each at or under 30 percent of a 36-month average market value |
| Grades | C-minus to A-plus, with up to three years of history |
| Broker links | Wealthsimple, Wealthsimple Trade, Questrade, Webull Canada |
| Free | Basic screening |
| Foundation | $72 US a year |
| Trading | US residents only |
The methodology is certified by Amanah Advisors, led by Mufti Faraz Adam. The named advisors are Mufti Faraz Adam and Shaikh Dr. Aznan Hasan, who also sits on AAOIFI's Shariah board. Purification uses the company's non-permissible income ratio for the period you held the shares.
How It Compares
The broader product review is Musaffa app review. Zoya is the quicker pass-or-fail check and also links Wealthsimple and Questrade, with TSX stocks and US-only ETF screening. Akinda shows the ratio math and does not connect a broker. If you want the portfolio managed, Manzil is an investing account, not a screener.
How to Use the Canada Numbers
Pull the Canadian stocks you hold and see whether they are inside the 403 names Musaffa called halal out of 3,159 screened. Those counts are the company's mid-2026 figures, not a promise that your stock passed this morning. Grades run from C-minus to A-plus, and you can look back up to three years, which helps when a company drifted.
The free tier is enough to see a basic status. Foundation, at $72 US a year, is what adds the detailed report, the broker link, and the purification math. Link Wealthsimple, Questrade, or Webull Canada if you want the holding period to drive the purification amount. Do not look for a Musaffa trade ticket. Canadian residents do not get the US trading platform.
Debt and interest-bearing assets each have to stay at or under 30 percent of a 36-month average market value, and non-permissible income at or under 5 percent. If you want a faster pass-fail on a TSX name, Zoya does that job too. If you want the grade and the history, stay on Musaffa and pay for one tool, not both.
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Frequently Asked Questions
Does Musaffa cover Canadian stocks?
Yes. At mid-2026 Musaffa reported 403 halal stocks out of 3,159 screened on Canadian markets, and 10 halal ETFs out of 1,281.
Can I trade inside Musaffa in Canada?
No. In Canada, Musaffa is research and portfolio tracking. Its trading platform is for US residents.
How much does Musaffa cost?
Basic screening is free. The Foundation plan is $72 US a year.
Who certifies the screen?
Amanah Advisors, with Mufti Faraz Adam and Shaikh Dr. Aznan Hasan named as advisors. The ratios follow AAOIFI.
Will it connect to Wealthsimple?
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See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
Yes. Musaffa links Wealthsimple, Wealthsimple Trade, Questrade, and Webull Canada for tracking and purification. The shares stay at the broker.
