Akinda Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Akinda screens Canada-listed equities to AAOIFI Shari'ah Standard No. 21 and shows the ratio math behind every verdict. It is a research layer over your existing brokerage, not a Canadian dealer or portfolio manager.
Opens provider's site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
Akinda - At a Glance
1
Products Reviewed
13
Provinces & Territories
1
Category
2023
Founded
Our Verdict
For Canadians, Akinda is a free AAOIFI research layer over a TSX brokerage account: Standard 21 math on the screen, Canada-listed names in the universe, and no custody. It is not a Canadian dealer and it does not outrank Zoya or Musaffa on governance or coverage. Use it to see why a TSX name passes or fails; execute at Wealthsimple, Questrade, or whichever broker you already use.
Pros & Cons
What We Like
- Free full screener with the AAOIFI ratios visible on every verdict, not gated behind a paid plan
- Methodology page publishes the exact Standard 21 formulas, including the 12-quarter average market-cap rule for debt and interest-bearing investments
- Named AAOIFI CSAA adviser Dr. Muhammad Nazir Khan, with the methodology reviewed under that credential
- Purification amount calculated when a passing stock still has incidental non-permissible income
- Worldwide web, iOS, and Android access; no account-funding minimum because it is not a broker
What Could Be Better
- No multi-member Shariah supervisory board and no third-party methodology certificate
- Screening universe is US, UK, and Canada listed equities - narrower than Musaffa's global coverage
- Cannot flip the same ticker across S&P, MSCI, Dow Jones, and FTSE rulebooks the way Zoya Pro can
- Founded 2023; company-claimed traction is about 15,000 monthly active users
- Homepage marketing still mentions brokerage-style trading, while the listing Akinda sent us states they do not hold funds or execute trades - treat it as research until that contradiction is cleaned up
Who Is Akinda Best For?
DIY investors who want to see the AAOIFI math for free
The free tier includes the full screener and displays the underlying ratios on every verdict
Investors checking US, UK, or Canada listed names
Those three listing venues are the current screening universe, with figures taken from the local filings
Users who will execute at their own broker
Akinda is a research and screening layer, not a brokerage or asset manager
Detailed Analysis
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.
How It Works
Akinda does not restructure transactions or custody assets. It verifies listed equities against AAOIFI Shari'ah Standard No. 21 (business-activity screen plus the 30% / 30% / 5% financial ratios, with debt and interest-bearing investments measured against trailing 12-quarter average market cap) and shows the ratios behind each verdict. Trades, if any, happen at the user's own broker.
Look up a US, UK, or Canada listed ticker
The free screener returns a Halal / Haram / Doubtful verdict with the underlying AAOIFI ratios visible.
Read the filing-level math
Debt, interest-bearing investments, and non-permissible income are shown as ratios so you can verify the result instead of trusting a badge.
Purify incidental income
When a passing stock still has a small non-permissible income share, Akinda calculates the purification amount to donate.
Execute at your own broker
Akinda does not hold funds or place trades. Use the verdict as research, then buy through your existing brokerage.
Shariah Compliance Review
Oversight Level
Named Scholar - individual scholar endorsement
Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA), oversees screening. Akinda applies AAOIFI Shari'ah Standard No. 21 and does not operate a multi-member Shariah supervisory board.
Screening follows AAOIFI Shari'ah Standard No. 21 as published on akinda.io/shariah-screening-methodology (crawled 2026-09-19): business-activity exclusions, then interest-bearing debt under 30% of trailing 12-quarter average market cap, interest-bearing investments under 30% of that same average, and non-permissible income under 5% of revenue.
Named Shariah adviser: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda does not operate a multi-member Shariah supervisory board and has not published a third-party methodology certificate.
Data: latest regulatory filings (US 10-K/10-Q, UK Companies House, Canada 40-F and IR), with holdings re-screened after each earnings season. Verdicts are research outputs, not fatwas or buy recommendations.
Regulatory posture (provider-stated, 2026-09-18): research and screening only. Akinda does not hold client funds, execute trades, or manage portfolios. No broker-dealer or RIA registration was provided.
Shariah compliance should always be verified directly with Akinda. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
See every Akinda alternative ranked by Index grade, Shariah oversight, and coverage
Akinda's closest Canadian peers are Zoya and Musaffa, both of which also screen TSX names. Akinda wins on free visible ratio math. Zoya can pass orders through Wealthsimple and Questrade. Musaffa offers graded ratings and a certified methodology. None of them is a Canadian-registered dealer for Akinda's own book - Akinda is research only.
vs. Zoya
Zoya screens TSX stocks and can pass orders through Wealthsimple and Questrade. Akinda screens the same listings with free visible AAOIFI ratios but does not place Canadian trades.
vs. Musaffa
Musaffa publishes Canadian coverage stats and graded ratings, with an independently certified methodology. Akinda is the cheaper way to see Standard 21 math; Musaffa is the heavier research engine.
vs. Wahed
Wahed manages a halal portfolio. Akinda is a self-directed screening layer, not a managed account.
Bottom Line
Akinda is a useful free AAOIFI screen for TSX stock pickers who want to see the ratios. It is not a Canadian brokerage, and it is not a higher-scoring platform than Zoya or Musaffa on scholar depth or coverage.
Is Akinda halal?
HalalWallet does not issue fatwas, so "is Akinda halal" is answered here by what Akinda discloses and what independent scholars have reviewed. Akinda names the scholar(s) who review its products: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA), oversees screening. Akinda applies AAOIFI Shari'ah Standard No. 21 and does not operate a multi-member Shariah supervisory board. Akinda applies AAOIFI Shari'ah Standard No. 21 in two stages and publishes the math. The business-activity screen excludes conventional (riba-based) finance and insurance, alcohol, pork, gambling, tobacco, adult entertainment, weapons, and similar non-permissible sectors.
Does Akinda have complaints, lawsuits, or regulatory actions?
We have no regulatory order, enforcement action, or lawsuit involving Akinda on file in our research as of September 19, 2026. That is a statement about our file, not a clean bill of health. To check for yourself: CIRO (dealer and advisor oversight); Canadian Securities Administrators national registration search. Complaint counts on review sites are not verified by HalalWallet.
Akinda rates, fees, and calculator
Free: full stock screener access. Standard $7.0/month. Premium $9.0/month. Investor $20.0/month. No trading commissions, no AUM or management fees, no ads. B2B Shariah compliance API priced separately at b2b.akinda.io (provider-stated, 2026-09-18). (verified September 19, 2026)
- Management fee:
- Free screener; Standard $7/mo; Premium $9/mo; Investor $20/mo
The Dividend purification calculator is HalalWallet's independent tool, not Akinda's. Enter your contribution, time horizon, and the fees listed above to see how fees compound over time and how Akinda compares with doing it yourself.
Evidence and verification
What we verified about Akinda, and when
- Data last verified
- (46 days ago)
Provider portal attestation every 30 days; editorial re-check at least quarterly.
- Shariah oversight on record
- Named scholar
Named oversight: named_scholar
No fatwa or certificate link on record. Ask Akinda for the document before you sign.
Labels follow the four-level oversight taxonomy.
- HalalWallet editorial score
- No published Index grade yet
Grades are published only after the rubric inputs are verified. Ungraded is not a negative signal. How grades work
- Public sentiment signals
- No external rating recorded
External ratings are recorded, not endorsed. For complaints and licensing history, check the public registers below.
- Commercial relationship
- None on record
Akinda does not pay HalalWallet and is listed on the same terms as providers that do. How inclusion works
- Coverage in this registry
- 1 product across 1 category in the Canada registry
If Akinda offers a Shariah-compliant product we do not list, tell us. Gaps are reported on the coverage map.
Regulatory context for this category
General to the category, not a statement about Akinda. Use the public registers to confirm licensing and history.
- Investing and retirement: Investment dealers and portfolio managers are registered with provincial securities regulators and overseen by CIRO. Funds publish a prospectus or fund facts document.CSA national registration search
See something outdated or wrong?
This data was last verified . Report a correction and we will re-check the primary source, fix the record, and log the change on our public corrections page.
Report a correctionProducts from Akinda
Akinda
Akinda Halal Stock Screener
Akinda is a Shariah-compliant stock research and portfolio platform that screens US, UK, and Canada listed equities against AAOIFI Shari'ah Standard No. 21 and shows the full ratio math behind every verdict. Canadians can use it as a research layer over an existing brokerage. Akinda does not hold client funds, execute trades, or manage portfolios.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Where Available
Based on listings we track, Akinda operates across Canada:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Akinda.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and province availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Scholars rule; we organize the evidence. We do not issue fatwas or declare a provider halal on our own authority.
- • Our methodology, the Trust Standard, and the public corrections log.
Akinda is in HalalWallet's independent directory for Investing, with listings covering across Canada. Structures we list: Stock Screener. Confirm terms and Shariah documentation directly with Akinda.
- Akinda currently has 1 product in our listings (Investing).
- Coverage we list: across Canada.
- Contract structures we list: Stock Screener.
- Always verify compliance directly with Akinda and consult qualified Islamic finance advisors when needed.
- Compare Akinda with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.ca)
How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-11-01
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
Is Akinda legit?
Akinda is a real Canadian provider operating since 2023, listed across Canada. On Shariah governance, Akinda names the scholar(s) who review its products: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA), oversees screening. Akinda applies AAOIFI Shari'ah Standard No. 21 and does not operate a multi-member Shariah supervisory board. We last verified this listing on September 19, 2026. "Legit" is not the same as "right for you": compare the contract structure, total cost, and the provincial coverage above against alternatives before you apply.
What types of halal products does Akinda offer?
Akinda has 1 product we currently list across 1 category. Structures we list: Stock Screener. Akinda is best for diy investors who want to see the aaoifi math for free; investors checking us, uk, or canada listed names; users who will execute at their own broker. Confirm terms directly with Akinda.
How does Akinda ensure Shariah compliance?
Screening follows AAOIFI Shari'ah Standard No. 21 as published on akinda.io/shariah-screening-methodology (crawled 2026-09-19): business-activity exclusions, then interest-bearing debt under 30% of trailing 12-quarter average market cap, interest-bearing investments under 30% of that same average, and non-permissible income under 5% of revenue. Named Shariah adviser: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda does not operate a multi-member Shariah supervisory board and has not published a third-party methodology certificate. Data: latest regulatory filings (US 10-K/10-Q, UK Companies House, Canada 40-F and IR), with holdings re-screened after each earnings season. Verdicts are research outputs, not fatwas or buy recommendations. Regulatory posture (provider-stated, 2026-09-18): research and screening only. Akinda does not hold client funds, execute trades, or manage portfolios. No broker-dealer or RIA registration was provided.
How does Akinda work?
Look up a US, UK, or Canada listed ticker: The free screener returns a Halal / Haram / Doubtful verdict with the underlying AAOIFI ratios visible. Read the filing-level math: Debt, interest-bearing investments, and non-permissible income are shown as ratios so you can verify the result instead of trusting a badge. Purify incidental income: When a passing stock still has a small non-permissible income share, Akinda calculates the purification amount to donate. Execute at your own broker: Akinda does not hold funds or place trades. Use the verdict as research, then buy through your existing brokerage.
Is Akinda available in my province?
Akinda operates across Canada, though specific products may have regional limitations. Always verify current availability directly with Akinda.
What are alternatives to Akinda?
Akinda's closest Canadian peers are Zoya and Musaffa, both of which also screen TSX names. Akinda wins on free visible ratio math. Zoya can pass orders through Wealthsimple and Questrade. Musaffa offers graded ratings and a certified methodology. None of them is a Canadian-registered dealer for Akinda's own book - Akinda is research only. Zoya: Zoya screens TSX stocks and can pass orders through Wealthsimple and Questrade. Akinda screens the same listings with free visible AAOIFI ratios but does not place Canadian trades. Musaffa: Musaffa publishes Canadian coverage stats and graded ratings, with an independently certified methodology. Akinda is the cheaper way to see Standard 21 math; Musaffa is the heavier research engine. Wahed: Wahed manages a halal portfolio. Akinda is a self-directed screening layer, not a managed account.
Are Akinda's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Akinda?
Visit Akinda at akinda.io, or use the product links on this page.
Stay Updated
Get halal investment insights and fund launches
No spam ever. Unsubscribe in one click.
How Akinda compares
Side-by-side reviews against the other top halal finance providers - structure, scholarly review, coverage, and our verdict on which fits which buyer.
Halal verdicts for popular stocks
Full AAOIFI-based Shariah screens - business activity, financial ratios, and where scholars differ - for the kinds of holdings Akinda screens.
Articles about Akinda
Wahed Invest Review for Canadians (2026): Halal Robo-Investing
A 2026 look at Wahed Invest for Canadian Muslims: how the halal robo-advisor works, screening, fees to check, and how it compares to Manzil.
Read ArticleTjara Halal Financing Review (2026)
Tjara Halal Financing offers musharaka-based home financing across most Canadian provinces, with one significant advantage competitors don't have: they also do commercial real estate, business financing, and nonprofit lending. Here's the full breakdown.
Read ArticleManzil Review (2026): Canada's Most Full-Service Halal Finance Platform
Manzil offers halal home financing, a TFSA, RRSP, RRIF, LIRA, and wealth management under one roof. This review covers what they offer, who they serve, what they cost, and who they're right for.
Read Article