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Investing comparison

Akinda vs Assad Wealth Management

Akinda and Assad Wealth Management both offer investing. This page lines up 14 listed data points side by side, with 6 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 Sep 2026

At a glance

  • Both are available in all of Canada.
  • Akinda uses Stock Screener; Assad Wealth Management uses Donor-Advised Fund.
  • Shariah oversight: Akinda discloses Named Scholar; Assad Wealth Management discloses No Public Review.
  • HalalWallet Index: Akinda is not yet graded; Assad Wealth Management holds a B-.
  • They differ on 6 of the 14 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 Assad Wealth Management: the full side-by-side

14 data points from each provider's published materials, lined up row by row. They differ on 6.

Akinda - halal finance provider logo

Akinda

Not graded yet
Pays us: No. Akinda pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Assad Wealth Management - halal finance provider logo

Assad Wealth Management

B-
Pays us: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.

14 of 14 rows

Availability

  • Provinces covered

    Same
    Akinda: All of Canada
    Assad Wealth Management: All of Canada
Costs

  • Management fee

    Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/mo
    Assad Wealth Management: Not listed
Shariah

  • Structure

    Akinda: Stock Screener
    Assad Wealth Management: Donor-Advised Fund

  • Shariah oversight

    Akinda: Named Scholar
    Assad Wealth Management: No Public Review

  • Shariah board / scholar

    Akinda: named_scholar
    Assad Wealth Management: No Public Review

  • Published fatwa / certificate

    Same
    Akinda: No
    Assad Wealth Management: No

  • Screening standard

    Akinda: AAOIFI Shari'ah Standard No. 21
    Assad Wealth Management: Published DJIM-style screens: debt <33%, receivables <49%, cash+IBS <33% of market value; non-permissible revenue <5%
Products

  • Products listed

    Akinda: Akinda Halal Stock Screener
    Assad Wealth Management: A Donor-Advised Fund (DAF), Wealth Management

  • Best for

    Akinda: TSX stock pickers who want free AAOIFI ratio math
    Assad Wealth Management: Affluent Canadian Muslim families and business owners who want to organize long-term charitable giving - sadaqa jariah, a family waqf-style fund - through one tax-receipted vehicle, and who will verify fees and the DAF's religious oversight before committing.

  • Product types

    Akinda: Stock Screener
    Assad Wealth Management: Not listed

  • Account types

    Akinda: Individual
    Assad Wealth Management: Not listed

  • Focus

    Akinda: Halal Stock Screening
    Assad Wealth Management: Not listed
Track record

  • HalalWallet Index grade

    Akinda: Not listed
    Assad Wealth Management: B-

  • Founded

    Akinda: 2023
    Assad Wealth Management: Not listed

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

Assad Wealth Management

  • Immediate tax receipt when you contribute cash or securities
  • Contributed funds stay invested under published halal screens to grow tax-free before granting
  • Grants can flow to your chosen registered charities on your own timeline
  • Administration by Charitable Impact Foundation (CHIMP), an MNP-audited public foundation
  • Family naming or anonymity options - structured as sadaqa jariah / private waqf
  • No scholar or committee is named for the Halal DAF specifically; the only verifiable religious governance sits at the underlying Mackenzie fund level
  • Two layers of unpublished fees - CHIMP administration plus Assad Wealth management - and no stated minimum
  • The 'first and only halal DAF in Canada' claim is unverified marketing with no substantiation or date given
  • The practice itself names no Shariah board or scholar - its FAQ references board oversight and its About page cites 'Shariah specialists' without identifying anyone
  • No fees, MERs, or minimums published - the fee schedule must be requested in writing

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

Assad Wealth Management (2)

Akinda - halal finance provider logo

Akinda

Pays HalalWallet: No. Akinda pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Akinda Full review
Assad Wealth Management - halal finance provider logo

Assad Wealth Management

Pays HalalWallet: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Assad Wealth Management Full review

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How do Akinda and Assad Wealth Management compare for investing?

Akinda and Assad Wealth Management both offer investing. This page lines up 14 listed data points side by side, with 6 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; Assad Wealth Management uses Donor-Advised Fund.
  • Shariah oversight: Akinda discloses Named Scholar; Assad Wealth Management discloses No Public Review.

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: 2026-09-19

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Akinda vs Assad Wealth Management”, https://www.halalwallet.ca/compare/akinda-vs-assad-wealth-management, 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.

What HalalWallet is and is not

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

  • We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
  • We show the range of scholarly opinion on contested questions, with sources.

What we do not do

  • We do not lend, hold money, open accounts or take applications. You apply with the provider.
  • We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
  • We do not give personal financial, legal or tax advice.

Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0

Before you decide, finish with three checks:

  • Confirm current terms and halal compliance directly with the provider. Their quote is final.
  • Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
  • Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.

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