Verified Internal Sharia Advisory Panel
Zoya Finance
4.6
(892 reviews)San Francisco-based halal stock screener app founded 2020. Screens 12,000+ US, UK, and Canadian stocks using AAOIFI methodology. Over $1 billion in assets managed by Zoya users. Includes Zakat calculator and brokerage integration for commission-free halal investing.
Reviewed by Fair Meridian: February 2026
Profit Rate
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States Served
All 50 States
Overall Rating
4.6/5
About Zoya Finance
Zoya Finance is a San Francisco-based fintech company founded in 2020 that has become one of the most widely used halal investing apps for Muslim Americans. Built by Investroo Inc., Zoya allows investors to screen individual stocks and ETFs for Sharia compliance using AAOIFI methodology — taking the guesswork out of halal investing for self-directed Muslim investors.
Zoya screens approximately 12,000 US, UK, and Canadian stocks using a methodology based on AAOIFI standards, guided by a panel of Sharia advisors. Each stock receives a clear compliance rating — permissible, questionable, or non-compliant — based on both business activity screening (excluding prohibited industries) and financial ratio screening (limiting exposure to interest-based debt and income).
Beyond screening, Zoya has built a comprehensive halal investing platform: a built-in Zakat calculator for determining Zakat obligations on investments, compliance change alerts by email when a stock's Sharia status changes, suggestions of halal alternatives for non-compliant holdings, and a brokerage integration allowing commission-free stock trading directly within the app.
As of 2026, Zoya users are collectively managing over $1 billion in assets through the platform, reflecting its rapid growth and widespread adoption in the US Muslim investing community.
Founded2020 (6 years in business)
Sharia CertificationInternal Sharia Advisory Panel
Certified Since2020
HeadquartersSan Francisco, CA
Fair Meridian Analysis
Zoya Finance has addressed the most persistent pain point in halal investing: the difficulty of quickly and reliably determining whether a specific stock is Sharia-compliant.
The stock-by-stock screening problem: Before tools like Zoya, Muslim investors who wanted to build their own halal stock portfolios had to either hire a Sharia advisor, manually research each company's financial ratios and revenue sources, or simply avoid individual stock investing altogether. Zoya automates this process, making it possible for any Muslim investor with a smartphone to check a stock's compliance in seconds.
The AAOIFI methodology transparency: Zoya publishes its screening methodology and shows the specific financial ratios that determine a stock's compliance status. This transparency allows investors to understand why a stock passed or failed, not just see a binary yes/no result. For investors who want to apply their own judgment, the underlying data is visible.
The $1B milestone: Zoya users are now collectively managing over $1 billion in assets through the platform — a remarkable milestone for a company founded in 2020. This adoption reflects genuine demand for accessible halal stock screening that was previously unavailable to retail investors.
Who is Zoya best for? Zoya is best for self-directed Muslim investors who want to build their own halal stock portfolio, investors who want to verify the Sharia status of specific stocks before buying, and investors who want an integrated Zakat calculator for their investment portfolio.
Analysis updated: February 2026
Products & Financing Structures
investinginvesting
Halal Stock Screener (Free)
Free halal stock screening for 12,000+ US, UK, and Canadian stocks using AAOIFI methodology. Compliance ratings: permissible, questionable, or non-compliant. Business activity + financial ratio screening. Available on iOS and Android.
Zoya Premium
Premium subscription unlocking full compliance reports, email alerts on status changes, halal alternative suggestions, ETF/mutual fund screening, portfolio tracking, and Zakat calculator. Brokerage integration for commission-free trading.
Sharia Compliance: All products are structured to avoid Riba (interest), Gharar (excessive uncertainty), and Maysir (speculation) in accordance with Islamic jurisprudence.
Serves All 50 US States
Zoya Finance is licensed in all 50 US states. See local provider options and state-specific regulations for the most active Islamic finance markets:
Independent Rating Breakdown
Overall Score
4.6
Sharia Compliance
4.5
Transparency
4.8
Customer Service
4.4
Rate Competitiveness
4.9
✅ Highly Recommended
Zoya Finance scores highly on Sharia compliance verification and product transparency. Independently verified by the Fair Meridian team.
Ratings based on Fair Meridian's independent review process. Not influenced by advertising or provider payments.
Expert Verdict
Zoya Finance is our top recommendation for self-directed Muslim investors who want to screen individual stocks for Sharia compliance. Its AAOIFI-based methodology, 12,000+ stock coverage, Zakat calculator, compliance alerts, and brokerage integration make it the most comprehensive halal stock screening platform available to US investors in 2026.
Verdict issued: February 2026
Sharia Advisory Board
Zoya Sharia Advisory Panel
Internal Sharia Advisors
Panel of Sharia advisors guiding Zoya's AAOIFI-based screening methodology. Reviews methodology and handles edge cases for stocks in borderline categories.
Frequently Asked Questions — Zoya Finance
Zoya Finance is a halal investing app founded in 2020 in San Francisco that screens individual stocks and ETFs for Sharia compliance. It covers approximately 12,000 US, UK, and Canadian stocks using AAOIFI-based methodology. Each stock receives a compliance rating — permissible, questionable, or non-compliant — based on business activity and financial ratio screening. As of 2026, Zoya users collectively manage over $1 billion in assets through the platform.
Zoya has a free tier that allows basic halal stock screening for thousands of stocks. The premium subscription unlocks full compliance reports, email alerts when a stock's Sharia status changes, halal alternative suggestions, ETF screening, portfolio tracking, and a Zakat calculator. Premium pricing is competitive and available as a monthly or annual subscription.
Zoya uses AAOIFI-based methodology guided by its Sharia advisory panel. Business activity screening excludes companies involved in alcohol, tobacco, gambling, conventional banking and interest, pornography, weapons, and pork. Financial ratio screening tests debt levels, interest income as a percentage of revenue, and cash holdings against AAOIFI thresholds. Zoya shows the specific financial ratios that determined the compliance result — not just a binary yes/no.
Yes. Zoya includes a built-in Zakat calculator for investment portfolios. Because each company in an investor's portfolio holds different amounts of cash, receivables, and zakatable assets, calculating Zakat on investments is complex. Zoya's calculator analyzes each underlying company individually to estimate the portion of your investment that is zakatable, then calculates your Zakat obligation based on current holdings.
Yes. Zoya has integrated brokerage capabilities allowing commission-free stock trading directly within the app. You can screen a stock for Sharia compliance and then purchase it in the same app without switching to a separate brokerage platform. This integration makes Zoya one of the most complete end-to-end halal investing tools available for self-directed US Muslim investors.
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