Akinda Akinda Halal Stock Screener

Akinda Capital Technologies LLC was incorporated in Delaware in October 2023. The product is a Shariah-compliant stock research and portfolio platform: screening, portfolio tracking, purification and zakat calculators, backtesting, and AI-assisted analysis. In the listing they sent HalalWallet they were explicit that they do not hold client funds, execute trades, or manage portfolios. That legal posture matters, because the public homepage still talks about combining screening with 'real brokerage trading.' Until that copy matches the listing, treat Akinda as a research tool and execute at your own broker.

The screening methodology is the product, and it is published. Akinda applies AAOIFI Shari'ah Standard No. 21 in two stages. Phase 1 is a business-activity screen with 0% tolerance for a core business in conventional banking and insurance, alcohol, pork, gambling, tobacco, adult entertainment, or weapons. Phase 2 is the financial screen. On the live methodology page (crawled 2026-09-19) debt and interest-bearing investments are measured against trailing 12-quarter average market capitalization, not spot market cap: interest-bearing debt must stay under 30%, interest-bearing securities and deposits under 30%, and non-permissible income under 5% of total revenue. A stock must pass every test. Verdicts come back Halal, Haram, or Doubtful when filings are incomplete or a merger obscures the numbers. Where a passing stock still has a small non-permissible income share, Akinda calculates the purification amount.

Data sourcing is the other published claim. Akinda says it uses structured market data (they name FMP) plus an AI auditor that extracts variables from official filings: SEC 10-K/10-Q in the US, Companies House in the UK, and 40-F / IR reports in Canada. Holdings are re-screened after each earnings season, so a company's status can change quarterly. That filing-level posture is what they are selling against apps that only show a badge.

Shariah oversight is a single named scholar. Dr. Muhammad Nazir Khan, listed on the methodology page as Shariah adviser, is an AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda says it applies AAOIFI's published standard directly rather than a proprietary interpretation, and that it does not currently operate a separate multi-member Shariah supervisory board. That is weaker governance than Musaffa's Amanah Advisors certificate plus a sitting AAOIFI board member, and thinner than Zoya's two-scholar panel. It is still named, credentialed, and public, which is more than many early-stage screeners disclose.

Pricing is the easiest comparison. The stock screener is free. Paid consumer plans are Standard $7/month, Premium $9/month, and Investor $20/month, with a separate B2B API at b2b.akinda.io. There are no trading commissions or AUM fees because there is no brokerage. Coverage is the constraint: US, UK, and Canada listed equities, with a homepage claim of 10,000+ stocks. Company-claimed traction is about 15,000 monthly active users, plus Plug and Play Batch 5, a Google for Startups grant, and IT Park residency. Those are their numbers, not independently audited.