Akinda vs Wahed
Akinda and Wahed 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; Wahed uses Actively managed / Index-based.
- Shariah oversight: Akinda discloses Named Scholar; Wahed discloses Third-Party Certified.
- HalalWallet Index: Akinda is not yet graded; Wahed holds a B-.
- 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 Wahed: the full side-by-side
18 data points from each provider's published materials, lined up row by row. They differ on 8.
Akinda
Wahed
Pays us: No. Wahed pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.18 of 18 rows
Provinces covered
SameAkinda: All of CanadaWahed: All of Canada
Expense ratio
Akinda: Not listedWahed: 0.65% (Wahed Dow Jones Islamic Wo…) · 0.50% (Wahed FTSE USA Shariah ETF)Management fee
Akinda: Free screener; Standard $7/mo; Premium $9/mo; Investor $20/moWahed: Not listed
Structure
Akinda: Stock ScreenerWahed: Actively managed / Index-basedShariah oversight
Akinda: Named ScholarWahed: Third-Party CertifiedShariah board / scholar
Akinda: named_scholarWahed: third_party_certifiedPublished fatwa / certificate
SameAkinda: NoWahed: NoScreening standard
Akinda: AAOIFI Shari'ah Standard No. 21Wahed: Dow Jones Islamic Market screens; Shariyah Review Bureau as external advisor (Wahed Dow Jones Islamic Wo…) · FTSE Shariah screens certified by Yasaar Limited (Wahed FTSE USA Shariah ETF)
Products listed
Akinda: Akinda Halal Stock ScreenerWahed: Wahed Dow Jones Islamic World ETF, Wahed FTSE USA Shariah ETFBest for
Akinda: TSX stock pickers who want free AAOIFI ratio mathWahed: International (non-US) halal equity exposureProduct types
Akinda: Stock ScreenerWahed: ETFTickers
Akinda: Not listedWahed: UMMA, HLALHoldings
Akinda: Not listedWahed: ~100 (Wahed Dow Jones Islamic Wo…) · ~200 (Wahed FTSE USA Shariah ETF)Account types
Akinda: IndividualWahed: Not listedFocus
Akinda: Halal Stock ScreeningWahed: Global Large Growth (Wahed Dow Jones Islamic Wo…) · US Large Growth (Wahed FTSE USA Shariah ETF)
HalalWallet Index grade
Akinda: Not listedWahed: B-Founded
Akinda: 2023Wahed: Not listedAssets under management
Akinda: Not listedWahed: $298M (2026-11-13) (Wahed Dow Jones Islamic Wo…) · $946M (2026-11-13) (Wahed FTSE USA Shariah 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
Wahed
- International (non-US) halal exposure in a single ticker
- Dow Jones Islamic Market methodology with ongoing board review
- Complements US-focused ETFs like HLAL and SPUS
- Quarterly purification amounts published
- Formally incorporates ESG data (company claim: first US-listed Islamic ETF to do so)
- Higher expense ratio (0.65%)
- Currency exposure
- Smaller AUM
- Because UMMA trades on a US exchange, currency conversion applies and dividends are reduced 15% by US withholding tax in a TFSA, FHSA, or RESP - RRSP holdings are exempt
- US-focused only
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
Pays HalalWallet: No. Akinda pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Wahed
Pays HalalWallet: No. Wahed 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 optionsEditorial comparisons
How do Akinda and Wahed compare for investing?
Akinda and Wahed 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; Wahed uses Actively managed / Index-based.
- Shariah oversight: Akinda discloses Named Scholar; Wahed 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-wahed, 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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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
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