Akinda vs Amana Funds
Akinda and Amana Funds both offer investing. This page lines up 18 listed data points side by side, with 8 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Nov 2026
At a glance
- Both are available in all of Canada.
- Akinda uses Stock Screener; Amana Funds uses Actively managed.
- Shariah oversight: Akinda discloses Named Scholar; Amana Funds discloses Third-Party Certified.
- They differ on 8 of the 18 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Akinda vs Amana Funds: the full side-by-side
18 data points from each provider's published materials, lined up row by row. They differ on 8.
Akinda
Amana Funds
18 of 18 rows
Provinces covered
SameAkinda: All of CanadaAmana Funds: All of Canada
Expense ratio
Akinda: Not listedAmana Funds: 0.76% (Amana Equity Income ETF) · 0.61% (Amana Growth ETF) · 0.91% (Amana Developing World ETF)Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/moAmana Funds: Not listedMinimum investment
Akinda: Not listedAmana Funds: 1 share on Nasdaq (fractional at supporting brokers)
Structure
Akinda: Stock ScreenerAmana Funds: Actively managedShariah oversight
Akinda: Named ScholarAmana Funds: Third-Party CertifiedShariah board / scholar
Akinda: named_scholarAmana Funds: third_party_certifiedPublished fatwa / certificate
SameAkinda: NoAmana Funds: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21Amana Funds: Saturna Capital Islamic screens, reviewed by Amanie Advisors
Products listed
Akinda: Akinda Halal Stock ScreenerAmana Funds: Amana Equity Income ETF, Amana Growth ETF, Amana Developing World ETFBest for
Akinda: TSX stock pickers who want free AAOIFI ratio mathAmana Funds: Not listedProduct types
Akinda: Stock ScreenerAmana Funds: ETFTickers
Akinda: Not listedAmana Funds: AMEI, AMGR, AMEMHoldings
Akinda: Not listedAmana Funds: 28 (Amana Equity Income ETF) · 30 (Amana Growth ETF)Account types
Akinda: IndividualAmana Funds: Individual, IRA, Roth IRAFocus
Akinda: Halal Stock ScreeningAmana Funds: Global Dividend Equity (active) (Amana Equity Income ETF) · Global Large Growth (active) (Amana Growth ETF) · Emerging Markets (active) (Amana Developing World ETF)
Founded
Akinda: 2023Amana Funds: Not listedAssets under management
Akinda: Not listedAmana Funds: $6.21M (2026-11-12) (Amana Equity Income ETF) · $9.65M (2026-11-12) (Amana Growth ETF) · $5.84M (2026-11-12) (Amana Developing World ETF)
Strengths and trade-offs
Akinda
- Free tier includes full stock-screener access, not status-only lookups
- Every verdict displays the underlying AAOIFI ratios so users can verify the result
- Named AAOIFI-certified adviser (CSAA): Dr. Muhammad Nazir Khan
- Available worldwide on web, iOS, and Android
- A research tool, not a brokerage - Akinda does not hold client funds, execute trades, or manage portfolios
- Single named scholar rather than a multi-member Shariah supervisory board
- Screening coverage is US, UK, and Canada listed equities, narrower than Musaffa's global universe
- Founded in 2023, so a shorter operating history than Zoya or Musaffa
Amana Funds
- The only US halal ETF built around dividend income - no index halal ETF targets this
- Cheaper than the Amana Income Fund's 1.01% Investor class
- Cash held in murabaha and wakala rather than interest-bearing instruments
- Saturna's income strategy dates to 1986
- Cheaper route to the Amana Growth strategy than AMAGX's 0.86% Investor class
- 0.76% expense ratio is well above index halal ETFs (0.40%-0.55%)
- Concentrated: 28 holdings at 11/12/2026; two positions above 10% each at 10/19/2026
- Tiny and new: $6.21M in net assets and no track record before June 2026
- Dividend-focused portfolios carry more residual purification than growth funds
- 0.61% is higher than every index halal ETF (MNZL 0.40%, SPUS 0.45%, HLAL 0.50%)
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Akinda (1)
- Akinda Halal Stock Screener
Amana Funds (3)
- Amana Equity Income ETF · AMEI
- Amana Growth ETF · AMGR
- Amana Developing World ETF · AMEM
Akinda
Pays HalalWallet: No. Akinda pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Amana Funds
Pays HalalWallet: No. Amana Funds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Not sure which is right? Compare all investing providers.
Browse all Investing optionsHow do Akinda and Amana Funds compare for investing?
Akinda and Amana Funds both offer investing. This page lines up 18 listed data points side by side, with 8 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all of Canada.
- Akinda uses Stock Screener; Amana Funds uses Actively managed.
- Shariah oversight: Akinda discloses Named Scholar; Amana Funds discloses Third-Party Certified.
Source: HalalWallet (halalwallet.ca)
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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: 2026-11-13
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/akinda-vs-amana-funds, retrieved 2026-11-14).For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
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Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.
What we do
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- We show the range of scholarly opinion on contested questions, with sources.
What we do not do
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Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0
Before you decide, finish with three checks:
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