Akinda vs Mackenzie Investments
Akinda and Mackenzie Investments both offer investing. This page lines up 17 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 Sep 2026
At a glance
- Both are available in all of Canada.
- Akinda uses Stock Screener; Mackenzie Investments uses Mutual Funds.
- Shariah oversight: Akinda discloses Named Scholar; Mackenzie Investments discloses No Public Review.
- HalalWallet Index: Akinda is not yet graded; Mackenzie Investments holds a B-.
- On measurable rows, Akinda has the better listed value on 1 and Mackenzie Investments on 0.
- They differ on 8 of the 17 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 Mackenzie Investments: the full side-by-side
17 data points from each provider's published materials, lined up row by row. They differ on 8.
Akinda
Mackenzie Investments
Pays us: No. Mackenzie Investments pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.17 of 17 rows
Provinces covered
SameAkinda: All of CanadaMackenzie Investments: All of Canada
Expense ratio
Akinda: Not listedMackenzie Investments: 2.65% MER (Series A)Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/mo EdgeMackenzie Investments: 1.95% (Series A) / 0.80% (Series F)Minimum investment
Akinda: Not listedMackenzie Investments: $500 initial / $50 subsequent
Structure
Akinda: Stock ScreenerMackenzie Investments: Mutual FundsShariah oversight
Akinda: Named ScholarMackenzie Investments: No Public ReviewShariah board / scholar
Akinda: named_scholarMackenzie Investments: Ratings Intelligence PartnersPublished fatwa / certificate
SameAkinda: NoMackenzie Investments: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21Mackenzie Investments: Dow Jones Islamic Market World Index screens - Ratings Intelligence fatwa and semi-annual audits
Products listed
Akinda: Akinda Halal Stock ScreenerMackenzie Investments: Mackenzie Shariah Global Equity FundBest for
Akinda: TSX stock pickers who want free AAOIFI ratio mathMackenzie Investments: Canadian investors who work through a financial advisor or dealer platform and want an actively managed, certified halal global equity fund in familiar mutual fund form - accepting fees above halal ETFs in exchange for advisor-channel convenience.Product types
Akinda: Stock ScreenerMackenzie Investments: Mutual FundAccount types
Akinda: IndividualMackenzie Investments: Not listedFocus
Akinda: Halal Stock ScreeningMackenzie Investments: Not listed
HalalWallet Index grade
Akinda: Not listedMackenzie Investments: B-Founded
Akinda: 2023Mackenzie Investments: Not listedAssets under management
Akinda: Not listedMackenzie Investments: $32M
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
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
Mackenzie Investments
- Global equity exposure in a single Shariah-screened mutual fund
- Certified compliance chain: Ratings Intelligence fatwa, semi-annual Shariah audits, and an annually published purification ratio
- Mutual fund format familiar to Canadian advisors and fund platforms, with a $500 minimum
- Series F at 1.12% MER is materially cheaper than Canada's legacy halal mutual fund option
- Available across all 10 Canadian provinces
- Series A MER of 2.65% is steep - comparable halal ETF exposure costs about 0.5%
- Small and young: roughly $32M in net assets (March 2025 statements) and an inception of February 2024
- Shariah oversight is delegated to Ratings Intelligence at the index level - Mackenzie maintains no in-house Shariah board and names no Canadian scholar
Akinda
Pays HalalWallet: No. Akinda pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Mackenzie Investments
Pays HalalWallet: No. Mackenzie Investments 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 Mackenzie Investments compare for investing?
Akinda and Mackenzie Investments both offer investing. This page lines up 17 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; Mackenzie Investments uses Mutual Funds.
- Shariah oversight: Akinda discloses Named Scholar; Mackenzie Investments 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):
https://www.halalwallet.ca/compare/akinda-vs-mackenzie-investments, 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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