Zoya Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Zoya is a halal stock screening and portfolio monitoring app applying AAOIFI-based screening to Canadian-listed (TSX) stocks under the guidance of named scholars, with in-app trading passed through Canadian brokers Wealthsimple and Questrade. ETF and mutual fund screening is US-market only.
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
Zoya - At a Glance
1
Products Reviewed
10
Provinces Served
1
Category
Our Verdict
Zoya is the halal investing companion that best fits how Canadians already invest. Connect a Wealthsimple or Questrade account and the app screens every holding against AAOIFI-based rules, alerts you when a stock falls out of compliance, computes zakat using Sheikh Joe Bradford's Simple Zakat Guide methodology, and - unusually - lets you place orders that pass through to your own broker without Zoya ever holding your assets. Canadian-listed (TSX) stocks are covered by the screen; the meaningful gap is that ETF and mutual fund screening remains US-market only, so WSHR and other Canadian-listed funds sit outside it (help center, checked 2026-08-05). Governance is scholar-guided rather than board-certified: Sheikh Joe Bradford (an AAOIFI-certified Shariah adviser and auditor, formerly of Al Rajhi Bank) and Sheikh Umer Khan (a mufti with a Wharton finance master's) guide a methodology Zoya candidly describes as an independent replication of published standards, with full reports exposing the actual ratios so users verify rather than trust. Zoya is a US company (Investroo Inc., Delaware) with no Canadian securities registration disclosed - it operates as a research layer and order pass-through, with your assets staying at your CIRO-regulated brokerage. For self-directed Canadian stock investors, it is the most complete companion app available.
Pros & Cons
What We Like
- Built around the brokers Canadians already use: connect Wealthsimple or Questrade for portfolio-wide compliance monitoring, and trade in-app through your own account - non-custodial by design
- TSX stock coverage with full compliance reports that expose the actual ratios and segment-level revenue breakdowns - verify rather than trust
- Five switchable screening standards for Pro users (AAOIFI default, plus S&P, MSCI, Dow Jones and FTSE Shariah), showing why the same stock passes one rulebook and fails another
- Scholar-grounded worship tooling: zakat per the Simple Zakat Guide across connected accounts, and three documented purification methods with worked examples
- Compliance alerts on status changes with portfolios synced twice daily, plus honest 'Questionable' ratings where scholars genuinely differ
What Could Be Better
- ETF and mutual fund screening covers US-listed funds only - Canadian-listed funds like WSHR are outside the screen (help center, checked 2026-08-05)
- Trading through Questrade supports individual stocks only; basket orders are limited to Wealthsimple among the Canadian brokers (help center broker table, 2026-08-05)
- Advisor-guided rather than board-certified: Zoya describes its screening as an independent interpretation of published methodologies, not certification from the standard-setters
- Zoya is a US company (Investroo Inc., Delaware) and discloses no Canadian securities registration - it is a research and order pass-through layer, not a regulated Canadian dealer (as of 2026-08-05)
- The free tier is thin - compliance status only, one linked account, AAOIFI only - and most of the value (full reports, alerts, trading, multi-methodology) sits in Pro
Who Is Zoya Best For?
Wealthsimple and Questrade self-directed investors
The Sharia Compliance Investment Screening service connects both brokers for continuous portfolio monitoring, compliance alerts, and non-custodial in-app trading through your existing account
TSX stock pickers who want to see the math
Full compliance reports expose the actual AAOIFI ratios and revenue breakdowns behind every verdict on Canadian-listed stocks, switchable across five screening standards for Pro users
Muslims consolidating zakat and purification in one place
Zakat is computed across every connected account using Sheikh Joe Bradford's Simple Zakat Guide methodology, with three documented purification methods and worked examples
Detailed Analysis
Zoya - legally Investroo Inc., a Delaware company founded by CEO Saad Malik and CTO Bilal Quadri - is the reference halal screening app for North American retail investors: 400,000+ investors and over $1 billion in connected brokerage assets as of May 2026, both company-reported figures (connected assets are user-linked balances, not money Zoya manages). Its Canadian relevance is concrete rather than aspirational: Canada is one of two countries outside the US with supported trading brokers, and Canadian-listed (TSE/TSX) stocks are in the screening universe.
Screening is the core product. The default standard is AAOIFI: a business screen failing companies whose prohibited revenue exceeds 5%, and a financial screen requiring interest-bearing debt and interest-bearing securities each to stay under 30% of market capitalization. Pro subscribers can flip any stock's report between five rulebooks - AAOIFI, S&P Shariah, MSCI Islamic, Dow Jones Islamic, and FTSE Russell Shariah - and see exactly why the same company passes one and fails another. Zoya is unusually candid about its epistemic status: ratings are an independent interpretation and replication of publicly available methodologies, not certifications from the standard-setters, and gray areas get a 'Questionable' rating instead of a forced binary. The Canadian limitation to know: fund look-through screening covers US-listed ETFs and mutual funds only, so a Canadian-listed fund like WSHR cannot be screened in-app (help center coverage table, checked 2026-08-05).
The trading integration is what separates Zoya from a pure screener for Canadians. Per the help center's broker table (checked 2026-08-05), Wealthsimple supports individual stocks and baskets while Questrade supports individual stocks; orders placed in Zoya pass through to the user's own brokerage, with Zoya holding nothing in custody. That architecture matters in a Canadian regulatory frame: your assets never leave your CIRO-regulated brokerage, and Zoya - which discloses no Canadian securities registration - acts as a research and order pass-through layer rather than a dealer. Portfolio connections sync twice daily, with compliance alerts when a holding's status changes.
The worship-adjacent tooling is scholar-grounded and genuinely useful. Zakat follows the methodology of Sheikh Joe Bradford's Simple Zakat Guide - 2.5% of value for active holdings, a current-assets method with a scholar-approved 30%-of-market-value proxy for passive holdings - computed across every connected account. Purification gets three documented methods (dividend, capital-gains, and AAOIFI annual per-share) with worked examples. Governance rests on two named advisors rather than a certifying board: Bradford, an AAOIFI Certified Shariah Adviser and Auditor who previously served as VP and Senior Shariah Consultant at Al Rajhi Bank, and Sheikh Umer Khan, a mufti with ifta' from Darulifta Birmingham and a Wharton Master of Finance.
Pricing has a quirk worth knowing: the help center lists Zoya Pro at $14.99/month or $119.99/year, while the web checkout runs a pay-what-you-think-is-fair model anchored around $9-11/month. The free tier gives compliance status on one linked account under AAOIFI only; full reports, multi-methodology switching, unlimited accounts, alerts and trading all sit in Pro. For a Canadian self-directed investor holding TSX and US stocks at Wealthsimple or Questrade, that subscription buys the most complete halal companion app on the market - just pair it with a fund-level source of truth for any Canadian-listed ETFs you own.
How It Works
Zoya does not restructure transactions or hold assets - it verifies and routes. Every covered security is scored on a business-activity screen (over 5% prohibited revenue fails) and a financial screen (under AAOIFI, interest-bearing debt and interest-bearing securities each below 30% of market capitalization), with full reports exposing the underlying ratios. For Canadians the platform is non-custodial end to end: portfolios sync read-only from Wealthsimple or Questrade, and any orders placed in-app pass through to that same brokerage for execution, so assets stay at a CIRO-regulated Canadian dealer throughout.
Search or link
Look up any TSX or US stock for an instant compliance verdict, or connect your Wealthsimple or Questrade account read-only to screen your whole portfolio at once.
Verify with full reports
Pro reports show the exact ratios, thresholds and revenue segments behind each rating - switchable across AAOIFI, S&P, MSCI, Dow Jones and FTSE standards.
Trade through your own broker
Place orders in-app that pass through to Wealthsimple (stocks and baskets) or Questrade (stocks). Zoya never holds your assets.
Stay compliant, purified, and zakat-ready
Twice-daily syncs power compliance alerts, purification follows three documented methods, and zakat is computed across connected accounts per the Simple Zakat Guide.
Shariah Compliance Review
Oversight Level
Named Scholar - individual scholar endorsement
Zoya’s screening methodology is developed under the guidance of named Shariah advisors, including Sheikh Joe Bradford and Sheikh Umer Khan.
Zoya screens under the guidance of two named Shariah advisors: Sheikh Joe Bradford - Master of Islamic Law from the University of Medina, AAOIFI Certified Shariah Adviser and Auditor (CSAA), formerly VP and Senior Shariah Consultant at Al Rajhi Bank - and Sheikh Umer Khan, who holds Shahadah al-'Alimiyyah from Al-Salam Institute, ifta' from Darulifta Birmingham, and a Wharton Master of Finance. This is advisor oversight, not a standing certifying board.
The default AAOIFI-based screen applies the 5% prohibited-revenue threshold and caps interest-bearing debt and interest-bearing securities at 30% of market capitalization each. Pro users can re-screen any stock under S&P Shariah, MSCI Islamic, Dow Jones Islamic, or FTSE Russell Shariah rulebooks. Zoya states plainly that its screens are independent replications of public methodologies, not certifications by those organizations.
Canadian coverage per the help center (checked 2026-08-05): stocks on the TSE/TSX are screened; ETF and mutual fund screening is limited to US-listed funds. Supported Canadian trading brokers: Wealthsimple (individual stocks and baskets) and Questrade (individual stocks), with orders passed through non-custodially.
Zoya (Investroo Inc., Middletown, DE) is not a broker-dealer and discloses no Canadian securities registration (as of 2026-08-05); Canadian users' assets remain at their own CIRO-regulated brokerage throughout.
Shariah compliance should always be verified directly with Zoya. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Zoya and Musaffa are the two serious halal screening options for Canadian self-directed investors; Zoya wins on broker integration and methodology switching, Musaffa on graded ratings and published per-market coverage.
vs. Musaffa
Musaffa grades TSX stocks C- to A+ with published per-market coverage stats and holding-period purification from verified ratios, but has no Canadian trade execution - Zoya counters with in-app order pass-through via Wealthsimple and Questrade and five switchable rulebooks.
vs. Wealthsimple
Wealthsimple is the execution venue, not the screen: its halal managed portfolios and CAD-listed WSHR ETF are managed products, while Zoya is the companion layer that audits and trades the self-directed side of the account.
vs. Manzil
Manzil offers managed AAOIFI-screened portfolios across every registered account type under a formal Shariah Supervisory Board - the hands-off route, where Zoya serves investors who pick their own stocks.
Bottom Line
For self-directed Canadian investors on Wealthsimple or Questrade, Zoya is the best halal companion app available: AAOIFI-based verdicts on TSX and US stocks with the ratios shown, compliance alerts, non-custodial in-app trading, and scholar-grounded zakat and purification tools. Know its two edges - ETF screening is US-only, and oversight is two respected named advisors rather than a certifying board - and it earns its place in the stack.
Products from Zoya
Zoya
Sharia Compliance Investment Screening
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.
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, Zoya is listed in the following provinces:
Availability may vary by product type. Always verify current availability directly with Zoya.
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.
- • Learn more about our methodology.
Zoya 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 Zoya.
- Zoya currently has 1 product in our listings (Investing).
- Coverage we list: 10 provinces.
- Contract structures we list: Stock Screener.
- Always verify compliance directly with Zoya and consult qualified Islamic finance advisors when needed.
- Compare Zoya with other providers on HalalWallet before you apply.
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:
- 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: 2026-10-01
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
What types of halal products does Zoya offer?
Zoya has 1 product we currently list across 1 category. Structures we list: Stock Screener. Zoya is best for wealthsimple and questrade self-directed investors; tsx stock pickers who want to see the math; muslims consolidating zakat and purification in one place. Confirm terms directly with Zoya.
How does Zoya ensure Shariah compliance?
Zoya screens under the guidance of two named Shariah advisors: Sheikh Joe Bradford - Master of Islamic Law from the University of Medina, AAOIFI Certified Shariah Adviser and Auditor (CSAA), formerly VP and Senior Shariah Consultant at Al Rajhi Bank - and Sheikh Umer Khan, who holds Shahadah al-'Alimiyyah from Al-Salam Institute, ifta' from Darulifta Birmingham, and a Wharton Master of Finance. This is advisor oversight, not a standing certifying board. The default AAOIFI-based screen applies the 5% prohibited-revenue threshold and caps interest-bearing debt and interest-bearing securities at 30% of market capitalization each. Pro users can re-screen any stock under S&P Shariah, MSCI Islamic, Dow Jones Islamic, or FTSE Russell Shariah rulebooks. Zoya states plainly that its screens are independent replications of public methodologies, not certifications by those organizations. Canadian coverage per the help center (checked 2026-08-05): stocks on the TSE/TSX are screened; ETF and mutual fund screening is limited to US-listed funds. Supported Canadian trading brokers: Wealthsimple (individual stocks and baskets) and Questrade (individual stocks), with orders passed through non-custodially. Zoya (Investroo Inc., Middletown, DE) is not a broker-dealer and discloses no Canadian securities registration (as of 2026-08-05); Canadian users' assets remain at their own CIRO-regulated brokerage throughout.
How does Zoya work?
Search or link: Look up any TSX or US stock for an instant compliance verdict, or connect your Wealthsimple or Questrade account read-only to screen your whole portfolio at once. Verify with full reports: Pro reports show the exact ratios, thresholds and revenue segments behind each rating - switchable across AAOIFI, S&P, MSCI, Dow Jones and FTSE standards. Trade through your own broker: Place orders in-app that pass through to Wealthsimple (stocks and baskets) or Questrade (stocks). Zoya never holds your assets. Stay compliant, purified, and zakat-ready: Twice-daily syncs power compliance alerts, purification follows three documented methods, and zakat is computed across connected accounts per the Simple Zakat Guide.
Is Zoya available in my province?
Based on listings we track, Zoya is listed in 10 provinces. Availability can vary by product type. Always verify current availability directly with Zoya.
What are alternatives to Zoya?
Zoya and Musaffa are the two serious halal screening options for Canadian self-directed investors; Zoya wins on broker integration and methodology switching, Musaffa on graded ratings and published per-market coverage. Musaffa: Musaffa grades TSX stocks C- to A+ with published per-market coverage stats and holding-period purification from verified ratios, but has no Canadian trade execution - Zoya counters with in-app order pass-through via Wealthsimple and Questrade and five switchable rulebooks. Wealthsimple: Wealthsimple is the execution venue, not the screen: its halal managed portfolios and CAD-listed WSHR ETF are managed products, while Zoya is the companion layer that audits and trades the self-directed side of the account. Manzil: Manzil offers managed AAOIFI-screened portfolios across every registered account type under a formal Shariah Supervisory Board - the hands-off route, where Zoya serves investors who pick their own stocks.
Are Zoya'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 Zoya?
Visit Zoya at zoya.finance, or use the product links on this page.
Stay Updated
Get halal investment insights and fund launches
No spam ever. Unsubscribe in one click.
Halal verdicts for popular stocks
Full AAOIFI-based Shariah screens - business activity, financial ratios, and where scholars differ - for the kinds of holdings Zoya screens.
Articles about Zoya
How to Purify Dividends From Stocks and ETFs in Canada (2026): Worked Examples
The purification method behind halal ETF factors and screener ratios, three worked examples in Canadian dollars, where to give the money, and what the CRA lets you claim.
Read ArticleWahed 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 ArticleIjaraCDC Canada Review (2026): Halal Home Financing Across 10 Provinces
IjaraCDC 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 Article