In a world where the financial system is built on riba, Muslims face a distinct challenge.

Our struggle isn’t just about saving and investing; it’s about doing so while ensuring our earnings remain halal.

However, this doesn’t mean we must withdraw from the economic system, make hijrah, or rely on anachronistic solutions from the “Golden Age.” Islam equips us to navigate every age and circumstance.

Thanks to Muslim entrepreneurs, financiers, and operators, we now have solutions that let us manage our finances without compromising our principles. Whether you’re buying a home, growing wealth, or planning for the future, these 7 Islamic finance companies offer tools to help you stay true to your values.

Education: Islamic Finance Guru (IFG) 

Before you dive into products & services, it's worth going through a refresher on the tenets of Islamic Finance.

For those moments when you're thinking "I don't even know what I don't know" about Islamic finance, IFG is your go-to resource.

Islamic Finance Guru is a platform that provides financial education, investment guidance for anyone looking to dive deeper into Islamic finance.

Whether you're a beginner or an experienced investor, IFG provides insightful resources on everything from investments, mortgages, to crypto.

It's a one-stop shop for learning and staying informed about Islamic financial principles, ensuring you make wise, compliant choices with your money.

Investing: Wahed & Zoya Finance 

Now, the first thing you want to do is probably to start investing. For that, there are two main options.

Wahed

Wahed is an investment platform designed with the mission of eliminating Riba (interest). With a focus on Shariah-compliant portfolios, Wahed offers investment options tailored to your goals and risk profile.

Their HLAL fund, which consistently outperforms the S&P 500 Index, shows that going halal can be both ethically and financially rewarding.

In addition to stocks, Wahed has ventured into supporting startups, providing curated investment opportunities that promote the growth of the Muslim world’s entrepreneurial ecosystem.

Zoya

Zoya is your halal investing copilot if you want to buy & sell stocks beyond just a set portfolio. Through Zoya, you can screen stocks, ETFs, and mutual funds for their shariah compliance status, and then track your holdings. It connects directly to your accounts & broker so you never have to leave the app.

For added convenience, you can even calculate and donate zakat within the app.

Buy Now, Pay Later with Tamara

Tamara offers a Buy Now, Pay Later (BNPL) service free of interest, so you can conveniently pay in installments. A particularly interesting feature is that they charge no late fees, ever.

Through their app, you can browse 26,000+ stores & enjoy exclusive discounts — though these stores are concentrated in the Gulf. Can’t wait until they expand to North America & UK!

Saving Money with Kestrl

Let's be honest – with current rates of inflation, saving isn't always easy.

Kestrl is a saving platform that automatically helps you save money without the stress of manual tracking.

It uses personalized budgeting tools to make sure you're putting money away for future goals. Kestrl’s automation ensures that your savings plan is always on track, and it adheres to Islamic finance principles by avoiding interest-based investments. It's an excellent tool for those looking to build up their wealth in a compliant way.

It's perfect for building up your wedding fund, saving for Hajj, or what will likely be the biggest purchase you make in your life, which is..

Halal Mortgages

UIF (USA) | Manzil (Canada) | pfida (UK)

UIF 🇺🇸 

UIF provides halal home financing tailored to Muslim homeowners in the United States.

Their services are structured to comply with Islamic principles, avoiding interest through models like Musharakah (partnership) or Ijarah (leasing). UIF supports first-time homebuyers, refinances, and even construction financing while maintaining AAOIFI compliance.

UIF operates in most states with a concentrated Muslim population, including but not limited to Michigan, California, Illinois, New Jersey, Texas, and Virginia.

Manzil 

Manzil is a Canadian finance hub offering halal mortgage solutions, catering to Muslims who want to buy a home without interest.

With financing options such as Musharaka and Murabaha, Manzil provides flexible, Shariah-compliant alternatives to traditional mortgages. What's even more significant is the recent movement in Canada: the government is exploring new measures to expand access to halal mortgages, which may make homeownership more accessible for Muslims.

pfida

Pfida is a UK-based financial institution offering halal mortgages and savings products. 

Pfida's halal home finance operates through a co-ownership model, ensuring affordability and compliance with Islamic principles. Customers provide an initial equity deposit (typically 20%), and Pfida purchases the property through its finance entity, entering into a shared ownership agreement.

Banking and finance should uphold fairness and equity, ensuring accessibility for all. By introducing a Sharia-compliant system free from debt and interest, Pfida has crafted a model that aligns with ethical values while serving diverse financial needs.

Managing your finances with integrity doesn’t have to be a challenge. With these innovative Islamic finance solutions, you can make smart, ethical financial choices while staying true to your faith. Whether it's investing, saving, or buying your dream home, these platforms offer you the tools you need to thrive financially and spiritually.

Take control of your financial journey today, knowing you’re making choices for the dunya, and the akhira.