Zoya Zoya Shariah Stock Screening (India)
Halal Investing in Odisha
Shariah compliance screening app whose own FAQ lists India among covered markets ('major exchanges in the US, UK, Canada, Australia, Germany, India, Japan, Poland, Taiwan, and OTC markets'). Zoya provides AAOIFI-based compliance status on 40,000+ stocks, ETFs and mutual funds, with the dataset refreshed daily and compliance reports updated on each company's financial reporting cycle. The free tier covers compliance status; Zoya Pro (app-store pricing $14.99/month or $119.99/year per Zoya's help center, verified 2026-08-05 in our US crawl) unlocks full ratio-level reports and multiple index rulebooks (S&P, MSCI, Dow Jones, FTSE). Its brokerage integration (Alpaca) is a US-market service, so Indian users get the research and screening layer (crawled zoya.finance 2026-08-06).
Zoya is the most intellectually honest of the halal screeners serving India: it explains what AAOIFI screening actually is, admits where scholars disagree with a dedicated 'questionable' status, and updates compliance on real reporting cycles rather than pretending to real-time certainty. For Indian users the fit is narrower than Musaffa's: Indian stocks are covered but funds are not, billing is in dollars, and the brokerage leg is American. Treat it as a high-quality second opinion on NSE/BSE names, or the primary tool if you value methodological candor over local depth. Musaffa is cheaper on an annual basis; Islamicly is more India-localized; both print more governance on the page.
Pros
- Methodology transparency and gray-area honesty are best-in-class among screeners
- Flexible web pricing (pay-what-you-think-is-fair anchors) can undercut app-store rates
- India coverage confirmed on Zoya's own site, not just third-party claims
- Compliance updates tied to actual company reporting cycles, stated plainly
Cons
- Advisor names not printed on the public homepage
- No INR billing or India-localized experience; US-centric fund and brokerage features
- Pro pricing not published on a public page - you discover it in-app
- Indian mutual funds/ETFs are not covered (fund coverage is US-focused); stocks only for India
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Product Details
Type
Stock Screener
Screening Method
AAOIFI by default: permissible core business; <= 5% non-permissible revenue; interest-bearing debt and interest-bearing securities each under 30% of market cap; 'questionable' label for gray-area industries; S&P/MSCI/Dow Jones/FTSE rulebooks available on Pro
Zoya in Odisha
Zoya's Zoya Shariah Stock Screening (India) is accessible to investors in Odisha, structured as Stock Screener: India's halal investing shelf is digital, so region matters less than fees, minimums, and who certifies the screening. Zoya operates across India, so Odisha residents have full access to this product.
Shariah Compliance & Oversight
Zoya states its screening runs under the guidance of its Shariah advisors applying AAOIFI standards; advisor names are not printed on the crawled homepage, though the FAQ describes a working panel of Shariah advisors. Our US market records document Zoya's named-scholar governance; for India this row relies on Zoya's own published methodology statements (zoya.finance FAQ, crawled 2026-08-06).
Purification: Purification amounts calculated in-app | Zakat: Zakat and purification tooling included in the app
2026-08-06
Why It's Halal
Zoya applies the AAOIFI screening methodology 'under the guidance of our shariah advisors' per its own FAQ: core business must be permissible, and financial screens cap non-permissible revenue at 5% with interest-bearing debt and securities each under 30% of market cap. The site is straightforward about gray areas, labeling 'questionable' companies where scholars differ. Honest caveats: the homepage does not print its advisors' names (our US records document the panel), Pro pricing is only published in-app/app-store rather than on a public pricing page, and for Indian users Zoya is research-only with no SEBI standing and no INR billing (crawled zoya.finance 2026-08-06).
Regional Availability
Zoya serves all of India
✓ Available nationwide including Odisha
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Total Value
₹3,43,778
Contributed
₹1,30,000
Growth
₹2,13,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
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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.