Zoya Sharia Compliance Investment Screening
Halal Investing in Saskatchewan
Zoya is a Shariah screening app built around transparency: compliance reports expose the actual AAOIFI ratios and segment-level revenue breakdowns so users can verify rather than trust, under the guidance of Sheikh Joe Bradford (AAOIFI-certified CSAA, ex-Al Rajhi Bank) and Sheikh Umer Khan (mufti, Wharton MSF). For Canadians it covers TSX-listed stocks (ETF and mutual fund screening is US-market only), syncs portfolios from Wealthsimple and Questrade twice daily, and sends compliance alerts when a holding's status changes. The free tier gives AAOIFI status verdicts; Zoya Pro ($14.99 USD/month or $119.99/year via app stores, or pay-what-you-think-is-fair from about $9/month on the web) adds full reports and alternative rulebooks.
Zoya gives Canadian Muslims a scholar-guided way to check whether individual stocks pass Sharia screening before buying, and its distinguishing habit is showing the work: reports expose the actual debt and revenue ratios behind each verdict, and Pro users can re-screen any stock under S&P, MSCI, Dow Jones, or FTSE Shariah rulebooks to see where methodologies disagree. TSX stocks are covered and Wealthsimple/Questrade portfolios sync twice daily with compliance alerts, though ETF screening remains US-only - a real gap for Canadian index investors. Pricing is friendly: a functional free tier, and Pro at $14.99 USD/month via app stores or pay-what-you-think-is-fair from about $9 on the web. Best for self-directed Canadian investors who want compliance checks - with visible evidence - built into their stock research.
Pros
- Sharia screening methodology guided by named scholars, including Sheikh Joe Bradford and Sheikh Umer Khan
- Full compliance reports expose actual ratios and revenue breakdowns - verify rather than trust
- Canadian broker integrations: Wealthsimple and Questrade portfolio sync with compliance alerts
- Pay-what-you-think-is-fair web pricing makes Pro accessible from about $9 USD/month
Cons
- A research tool only in Canada - you'll still need a separate brokerage to trade, and Zoya Direct's brokers are US-centric
- ETF and mutual fund screening covers US-listed funds only - no TSX-listed fund verdicts
- Pro subscription required for ratio-level reports, alternative rulebooks, and multiple linked accounts
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Product Details
Type
Stock Screener
Screening Method
AAOIFI by default - <=5% non-permissible revenue; interest-bearing debt and securities each under 30% of market cap; S&P/MSCI/DJ/FTSE rulebooks on Pro
Zoya in Saskatchewan
Zoya's Sharia Compliance Investment Screening is available to investors in Saskatchewan, structured as a Stock Screener. Zoya serves 10 provinces, including Saskatchewan.
Shariah Compliance & Oversight
Zoya's screening runs under the guidance of two named Shariah advisors rather than a formal certifying board. Sheikh Joe Bradford is a Certified Shariah Adviser and Auditor (CSAA) accredited by AAOIFI, holds a Master of Islamic Law from the University of Medina, and previously served as VP and Senior Shariah Consultant at Al Rajhi Bank; Sheikh Umer Khan holds Shahadah al-'Alimiyyah from Al-Salam Institute, ifta' from Darulifta Birmingham, and a Master's in Finance from Wharton. Zoya is candid that its ratings are an independent interpretation and replication of published methodologies - AAOIFI by default, with S&P, MSCI, Dow Jones, and FTSE rulebooks for Pro users - not official certifications from any standard-setter, and results may differ from official determinations. The same governance applies for Canadian users; what differs is coverage - Canadian-listed stocks (TSX) are screened, while ETF and mutual fund screening is US-market only.
2026-08-05
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Halal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
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How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.