Zoya provides a platform that utilizes the AAOIFI screening methodology to deliver real-time shariah compliance assessments for over 30,000 global stocks, ETFs, and mutual funds. This enables Muslim investors to easily build and monitor halal investment portfolios while ensuring their financial activities align with Islamic principles.
Funding
$150K 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 determine whether potential investments align with Islamic principles, requiring them to manually screen stocks, ETFs, and mutual funds for Shariah compliance. This process is time-consuming and requires specialized knowledge of Islamic finance, creating a barrier to entry for those seeking to invest ethically.
Solution
Zoya is a platform designed to streamline halal investing by providing real-time Shariah compliance assessments for a wide range of global stocks, ETFs, and mutual funds. Utilizing the AAOIFI screening methodology, Zoya offers detailed reports that identify investments permissible under Islamic law, enabling users to build and monitor Shariah-compliant portfolios. The platform allows investors to connect existing brokerage accounts to track holdings, receive alerts on compliance changes, and calculate Zakat obligations. Zoya aims to simplify the process of ethical investing for Muslims, ensuring their financial activities align with their religious values.
Target Audience
Zoya's primary target audience consists of Muslim investors seeking to build and manage Shariah-compliant investment portfolios, as well as individuals interested in ethical investing aligned with Islamic principles.
Features
- Shariah compliance reports for over 30,000 global stocks, ETFs, and mutual funds, based on AAOIFI standards
- Portfolio tracker to monitor the Shariah compliance status of existing investments
- Smart alerts notifying users of any changes in the compliance status of their holdings
- ETF and mutual fund screener to filter investments based on Shariah compliance
- Zakat calculator to determine the Zakat due on investments
- Integration with existing brokerage accounts for seamless tracking and trading
- Non-custodial platform ensuring users maintain control of their assets
- Daily data refresh to account for market changes