Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Musaffa is a halal investment research platform screening 120,000+ stocks and 8,200+ ETFs across 60 markets to AAOIFI standards, including Canadian-listed stocks. Canadians use it as a graded research and compliance layer over their existing brokerage - Musaffa's own trading platform does not serve Canadian residents.
Opens provider's site - no obligation
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
1
Products Reviewed
10
Provinces Served
1
Category
Oversight Level
Named Scholar - individual scholar endorsement
Musaffa’s screening methodology is developed under the guidance of named Shariah advisors, including Shaikh Dr. Aznan Hasan and Mufti Faraz Adam.
Shariah compliance should always be verified directly with Musaffa. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Review the products listed above and compare Musaffa with other providers. Confirm terms and Shariah documentation directly with Musaffa.
Sharia Compliance Investment Screening
Musaffa is a halal investment research platform screening 120,000+ global stocks and 8,200+ ETFs to AAOIFI standards, with graded verdicts (C- to A+ halal ratings) and up to three years of compliance history per company. For Canadians it works as a research layer over an existing brokerage: mid-2026 coverage counted 403 halal stocks of 3,159 screened on Canadian markets and 10 halal ETFs of 1,281, with portfolio tracking and automated purification through Wealthsimple, Questrade, and Webull Canada connections. The free tier covers basic screening; the Foundation plan at $72 USD/year adds detailed reports, research, and purification. Musaffa's commission-free trading platform serves US residents only.
Opens provider site - no obligation
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
Based on listings we track, Musaffa is listed in the following provinces:
Availability may vary by product type. Always verify current availability directly with Musaffa.
Musaffa is in HalalWallet's independent directory for Investing, with listings covering 10 provinces. Structures we list: Stock Screener. Confirm terms and Shariah documentation directly with Musaffa.
Source: HalalWallet (halalwallet.ca)
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:
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
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.
Musaffa has 1 product we currently list across 1 category. Structures we list: Stock Screener. Review the products listed above for current offerings. Confirm terms directly with Musaffa.
Review Musaffa's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Musaffa and consult with qualified Islamic finance advisors for guidance on specific products.
Based on listings we track, Musaffa is listed in 10 provinces. Availability can vary by product type. Always verify current availability directly with Musaffa.
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.
Visit Musaffa at musaffa.com, or use the product links on this page.
6 verified reviews
Game changer for me. I used to just avoid stocks altogether because I didn't know what was halal. Now I check everything on Musaffa before I buy. The compliance reports are detailed and easy to read.
the purification calculator is a feature I didn't even know I needed. tells you exactly how much to give away from any non-compliant income. genius
I subscribe to the premium plan. Worth it if you're actively investing. The free version is fine for casual checking but the detailed breakdowns on the paid tier helped me build a proper portfolio.
Stay Updated
Get halal investment insights and fund launches
No spam ever. Unsubscribe in one click.
Full AAOIFI-based Shariah screens - business activity, financial ratios, and where scholars differ - for the kinds of holdings Musaffa screens.
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 ArticleIjaraCDC is a U.S.-founded halal home financing provider that operates across most of Canada using the ijara (lease-to-own) structure. This review covers their Canadian offering, provincial coverage, and who they're best suited for.
Read ArticleTjara 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 Article