Amal Invest is a fintech platform that automates the filtering of over 100,000 ETFs and mutual funds to create Shariah-compliant investment options, allowing users to invest directly in halal stocks without incurring traditional fund management fees. The service addresses the lack of accessible, ethical investment opportunities for Muslim investors by providing a transparent, fee-free structure and continuous compliance monitoring.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Muslim investors lack access to investment options that adhere to Shariah principles, requiring them to manually screen and filter out non-compliant stocks from traditional funds. This process is time-consuming, complex, and often requires specialized knowledge, creating a barrier to ethical investing.
Solution
Amal Invest is a fintech platform that automates Shariah compliance for investors by filtering over 100,000 ETFs and mutual funds to create halal investment options. The platform allows users to invest directly in Shariah-compliant stocks, eliminating the need for manual screening and ensuring adherence to Islamic principles. Amal Invest offers two primary funds: "Grow" for long-term growth and "Save" for stability and steady income, simplifying investment decisions for users with varying risk tolerances. The service continuously monitors compliance ratings and automatically rebalances portfolios to maintain Shariah adherence, providing a transparent and hassle-free investment experience. Users can also personalize their investment strategy by blacklisting or whitelisting specific stocks based on their preferences, including filtering out companies involved in unethical activities.
Target Audience
Amal Invest primarily targets Muslim investors seeking Shariah-compliant investment options, ranging from beginners to experienced investors looking for a simplified and automated halal investing experience.
Features
- Automated filtering of over 100,000 ETFs and mutual funds for Shariah compliance
- Two primary investment funds ("Grow" and "Save") catering to different risk profiles and investment goals
- Continuous monitoring of compliance ratings and automatic rebalancing of portfolios
- Option to blacklist or whitelist specific stocks based on ethical or personal preferences
- Built-in BDS filters to avoid companies profiting from specific unethical activities
- Access to both Trading 212 and Alpaca brokerages
- Tools for simulating investment plans based on financial goals like buying a home or retirement