Best Halal Stock Screeners 2026
Akinda vs Zoya vs Musaffa vs HalalWallet - compare screening apps, understand why they disagree on the same stock, and get free AAOIFI verdicts with dated filing-level ratios.
Halal stock screeners check companies against Shariah standards - business activity plus financial ratios (debt, cash, impermissible income). Akinda is the strongest free AAOIFI look: the full screener shows the ratio math. Zoya and Musaffa remain the deeper paid research apps for multi-standard switching and global coverage. HalalWallet Is-It-Halal publishes free, dated AAOIFI verdicts (306 stocks) with a cross-standard lens showing why apps disagree on borderline names (92 stocks currently split across standards).
- Akinda: free full AAOIFI Standard 21 screener with visible ratio math
- Zoya & Musaffa: deeper paid apps for multi-standard switching, graded history, and broader coverage
- HalalWallet: free AAOIFI verdicts with dated ratios + cross-standard transparency
- Apps disagree because standards differ: AAOIFI 30% market cap vs ~33% or total-assets basis
- A complete listing is not the same as a higher HalalWallet Index score
Source: HalalWallet (halalwallet.ca)
Instant Compliance Checks
Look up any stock and get a halal / not halal / conditional verdict - from mobile apps or HalalWallet's filing-level research.
AAOIFI-Based Screening
Reputable tools screen against AAOIFI or aligned standards: debt & cash under 30% of market cap, impermissible income under 5%.
Cross-Standard Transparency
When apps disagree, HalalWallet shows how the same company screens under AAOIFI, Dow Jones/S&P, and MSCI/FTSE - with dated ratios.
Purification Guidance
Akinda, Zoya, and Musaffa calculate how much dividend income to purify. HalalWallet notes purification on compliant verdicts too.
Apps vs research verdicts - which do you need?
Akinda, Zoya, and Musaffa are screening apps built for ongoing portfolio monitoring. HalalWallet Is-It-Halal is a free research resource with filing-level AAOIFI screens - complementary, not a replacement. Most serious investors use both.
| What you need | Best option |
|---|---|
| Free AAOIFI ratios on every verdict | Akinda |
| Mobile app + portfolio watchlists + alerts | Zoya or Musaffa |
| Purification calculator on dividends | Akinda, Zoya, or Musaffa |
| Global stock coverage beyond US, UK, and Canada | Musaffa |
| Re-screen the same ticker under several Shariah standards | Zoya |
| Understand why two apps disagree on a stock | HalalWallet Is-It-Halal |
| Dated AAOIFI ratios with filing citations | HalalWallet Is-It-Halal |
| See AAOIFI vs Dow Jones/S&P vs MSCI/FTSE side by side | HalalWallet Is-It-Halal |
Akinda
Free AAOIFI Shari'ah Standard No. 21 screener that shows the ratio math on every verdict. Best when you want filing-level transparency without a paid plan. Research only - it does not hold funds or execute trades.
Akinda reviewZoya & Musaffa
Deeper paid research apps. Zoya switches the same ticker across several Shariah standards; Musaffa has certified methodology, graded ratings, and broader global coverage.
HalalWallet Is-It-Halal
Free, human-reviewed AAOIFI verdicts for 306 high-search stocks. Every page shows the exact debt, cash, and income ratios with an as-of date, plus a cross-standard panel when Dow Jones/S&P and MSCI/FTSE reach a different conclusion (92 stocks currently diverge).
How Halal Stock Screening Works
Islamic stock screening filters companies through two layers of analysis: business activity screening (what the company does) and financial ratio screening (how the company is financed).
Business Activity Screening
Companies are first evaluated based on their primary business activities. Those involved in alcohol, tobacco, gambling, conventional interest-based banking, weapons manufacturing, or adult entertainment are excluded outright. For companies with mixed revenue streams, the AAOIFI standard typically allows impermissible revenue up to 5% of total revenue.
Financial Ratio Screening
Companies that pass the business screen are then evaluated on financial ratios. The key thresholds under AAOIFI standards include: debt-to-market-cap below 30%, interest-bearing deposits below 30% of market cap, and impermissible income below 5% of total revenue.
Purification
Even compliant stocks may earn small amounts of impermissible income. Investors calculate the "purification ratio" - the percentage of dividends that should be donated to charity. Most halal stock screeners calculate this automatically.
Full AAOIFI screening methodology → · Why screeners disagree (with live stock data) →
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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: 2026-10-08
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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.