Today, we're launching Zoya Direct.
You can now build custom stock baskets that mirror any ETF, mutual fund, or market index, while excluding the companies you don't want to own.
It's direct indexing, built for halal investing.
Riba (interest) is strictly forbidden in Islam, and has far-reaching negative consequences for society and the economy.
But it's not all doom and gloom—there are ways to preserve your wealth without resorting to riba.
But first, let’s go over why riba is problematic 🧵
Is Figma's stock ($FIG) Shariah-compliant?
In 2024, Figma reported $749M in revenue and $84M in "other" income, which consists primarily of interest.
Based on the combined total, the interest income represents 10.13%, exceeding the 5% threshold allowed by common Shariah
⚠️ Are there human rights violations hidden in your portfolio?
Zoya has partnered with @afsc_org to bring you a new "Controversies" screening feature, powered by data from the AFSC Investigate project.
This feature highlights potential ethical issues and human rights concerns
Starting today, you can join the Zoya Invest waitlist. With this new feature, you'll be able to invest in individual stocks and pre-built halal portfolios, all commission-free. Be one of the first to get access!
Join the waitlist 👇
zoya.finance/invest
We've simplified zakat for your investments like never before. Starting today, you can calculate and donate your zakat seamlessly through Zoya.
Here's how it works 👇
Big news today for developers 🥳
We're excited to announce the launch of our much-anticipated public API! You can now build and launch world-class, shariah-compliant investment products faster and at a fraction of the cost.
Here's what that means ⬇️
Calculating your #zakat shouldn't feel like rocket science 🤯 so we built a mini-tool that helps you calculate exactly how much zakat you owe on your stock portfolio with peace of mind 😌
Check it out ⬇️
zoya.finance/zakat
Total assets under management of shariah-certified funds in the US:
ETFs
$SPUS: $308 million
$HLAL: $295 million
$SPSK: $127 million
$SPRE: $73 million
$UMMA: $48 million
Mutual Funds
$AMAGX: $3.8 billion
$AMANX: $1.6 billion
$AMAPX: $219 million
$IMANX: $149 million
$ADJEX: