Musaffa provides a dashboard for investors to screen stocks and ETFs for Shariah compliance. The platform automatically calculates purification amounts for non-halal holdings and sends real-time alerts when compliance status changes. This service enables users to confidently manage and maintain Shariah-compliant investment portfolios.
Funding
$7.2M 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 find it challenging to identify investment opportunities that comply with Shariah law, requiring them to manually screen stocks and ETFs, a process that is often time-consuming and complex. Existing tools often lack comprehensive screening criteria and the ability to integrate with personal investment portfolios. This creates a barrier for those seeking to align their investments with their faith-based principles.
Solution
Musaffa is a Shariah-compliant investment platform that automates the screening process for stocks and ETFs, ensuring alignment with Islamic finance principles. The platform provides advanced screening algorithms that evaluate potential investments based on Shariah compliance criteria. Users can link their existing investment portfolios to the platform to view the overall Shariah compliance and automate purification calculations for sell transactions. Musaffa also offers tools for Zakat assessments, enabling users to manage their investments in accordance with their faith.
Target Audience
Musaffa primarily targets Muslim investors seeking to align their investment strategies with Shariah-compliant principles, including individual investors, financial advisors, and institutions managing Islamic funds.
Features
- Stock screener with advanced filters to identify Shariah-compliant stocks globally
- ETF screener providing detailed Shariah analysis reports for US-based ETFs
- Portfolio integration to view the overall Shariah compliance of investment portfolios
- Automated purification calculation for sell transactions to ensure compliance
- Zakat calculator for assessing overall Zakat amount with built-in portfolio import
- Real-time alerts for compliance changes in portfolio holdings
- Halal stock collections categorized by sector, including technology, healthcare, and energy
- Super Investor Tracker to monitor halal investments of prominent investors