Reviewed quarterly and updated for major content changes.
Musaffa offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
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HalalWallet 2026 Review
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Shariah compliance should always be verified directly with Musaffa. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Musaffa is a Shariah-compliant financial provider serving Kiwi Muslims. Review the products listed above and compare with other providers to find the best fit for your needs.
Musaffa applies the AAOIFI three-part screen: business activity screening of prohibited sectors, non-permissible income capped at 5% of total revenue, and interest-bearing assets and debt each capped at 30% of trailing 36-month average market capitalization. Every screening rule, methodology and purification calculation is reviewed by its Shariah advisors, which the company states include a sitting AAOIFI board member, and the methodology, rating scale and purification doctrine (including the no-purification-on-capital-gains position and 90-day grace period) are published in detail on the platform and in Musaffa Academy (musaffa.com, verified 2026-08-07).
Musaffa Halal Stock & ETF Screener
Halal investing research platform from Musaffa LLC (New York), verified live on the New Zealand App Store on 2026-08-07 (version 2.18.0, free with in-app purchases) and fully accessible via the web at musaffa.com. Musaffa screens 120,000+ global stocks and ETFs across 60+ markets against AAOIFI standards, with detailed compliance reports, a C-minus to A-plus style ranking system, purification and zakat calculators, watchlists and compliance alerts. Coverage is broader than Zoya's and includes some NZX-listed names, but NZ coverage is partial and each ticker must be checked individually; the deepest data is on the 11,000+ US-listed stocks and ETFs that dominate NZ self-directed portfolios anyway. Musaffa also operates a US-listed trading service (Musaffa Invest, commission-free fractional shares cleared through Alpaca) and managed portfolios; NZ residents should treat the screener and research as the core offering and verify account eligibility separately before attempting to open a trading account.
Opens provider site - no obligation
Based on listings we track, Musaffa operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Musaffa.
Musaffa offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Investing options.
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Musaffa offers 1 product across 1 category. Specific product types, terms, and availability can vary. Review the products listed above or contact Musaffa directly for current offerings.
Review Musaffa's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Musaffa and consult with qualified Islamic finance advisors for guidance on specific products.
Musaffa operates nationwide, though specific products may have regional limitations. Always verify current availability directly with Musaffa.
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
Contact information for Musaffa should be available through their website or the product listings above. Use the action links provided with each product to visit Musaffa's website or contact them directly for more information.
6 verified reviews
Game changer for me. I used to just avoid stocks altogether because I didn't know what was halal. Now I check everything on Musaffa before I buy. The compliance reports are detailed and easy to read.
the purification calculator is a feature I didn't even know I needed. tells you exactly how much to give away from any non-compliant income. genius
I subscribe to the premium plan. Worth it if you're actively investing. The free version is fine for casual checking but the detailed breakdowns on the paid tier helped me build a proper portfolio.
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