Best Halal Stock Screeners 2026
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). Zoya and Musaffa are the leading mobile apps for portfolio screening and purification calculators. HalalWallet Is-It-Halal publishes free, dated AAOIFI verdicts (305 stocks) with a cross-standard lens showing why apps disagree on borderline names (92 stocks currently split across standards). Use an app for day-to-day monitoring; use HalalWallet when you need filing-level transparency or two apps show different answers.
- Zoya & Musaffa: best for mobile screening, portfolio tracking, purification calculators
- 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
- AAOIFI is the strictest mainstream standard — we anchor headline verdicts to it
- Borderline names (near 30–33%) are where you see halal in one app, not in another
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
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?
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 |
|---|---|
| Mobile app + portfolio watchlists + alerts | Zoya or Musaffa |
| Purification calculator on dividends | Zoya or Musaffa |
| Global stock coverage (10,000–35,000+ names) | Zoya or Musaffa |
| 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 |
| Free, no subscription | HalalWallet Is-It-Halal |
Zoya & Musaffa
Polished mobile experiences for screening thousands of stocks, tracking a portfolio, and calculating purification. Zoya is popular in the U.S. and shows multiple methodologies; Musaffa offers broader global coverage and a built-in Zakat calculator.
Zoya vs Musaffa comparisonHalalWallet Is-It-Halal
Free, human-reviewed AAOIFI verdicts for 305 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) →
Frequently Asked Questions
Reviewed quarterly and updated for major content changes.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-07-10
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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.