Limited · 
Lifetime discount, first 100 users
Introducing

The Fund Purifier

Make any fund halal — from the S&P500 to ARKK.

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Backed by
Diversify your portfolio

Get access to entire funds, without any of the non-compliant assets

Access compliant iShares, Vanguard and more

Get exposure to Shariah-screened versions of popular US funds with a single click

International exposure to mutual funds

Get exposure to popular US mutual funds internationally, and with no minimums

Better liquidity, lower price slippage

Buying deeply liquid stocks directly (instead of buying them through a fund) can mean improved price execution

0% expense ratios

Buying stocks directly means you sidestep the high expense ratios inherent in many funds

How it works

Turn any fund halal, in just 3 steps:

Step 1: Pick a non-compliant fund you’d like to filter.
Step 2: Exclude individual stocks, or bulk-remove all non-halal ones.
Step 3: Choose whether you’d like to track changes to the fund. (Yes, that’s it!)

By buying the stocks individually, the Fund Purifier ensures you’re just buying halal stocks.

Buying hundreds of stocks individually is impractical — the Fund Purifier does it for you, instantly! And, with zero commission trades, it won't cost you extra either.

What if the fund changes? The Fund Purifier tracks changes to the underlying fund, and automatically updates your copy.

For Muslims

Halal filters, built right in

A fund can have hundreds of stocks, and screening them manually is tedious.

That’s why Amal automatically screens out non-compliant stocks from any fund — with just one click.

Life's too short to check hundreds of stocks by hand. Leave it to us to keep your portfolio compliant.

0% expense ratio (really!)

By owning the underlying stocks directly, you can track any fund without the expense ratio!

Passive halal ETFs (like SPUS, HLAL) charge you 0.5% a year — 20 times more than Vanguard! Now skip the fees and still invest in line with your beliefs.

Do you know how much ETFs really cost you?
Find out →

Pricing

Unlike other investing apps, we don’t charge a %-based fee (that grows the more you invest).

It’s just a flat-subscription fee to help cover our costs.

$240
/yr
$100
/yr
Limited
Lifetime discount
The first 100 users to sign up get lifetime access for just $100/year:
 
99 spots remaining
/100
What’s included:
  • Fund Purifier, zero expense funds
  • Unlimited trades, commission free
  • Shariah screening, built right in
  • Tax reporting, auto-generated
  • and much more…

FAQs

How is Shariah screening performed? Do you have a Shariah board?
We take Shariah screening very seriously.
That's why we've partnered with Musaffa, a firm specialized in screening securities for compliance. This firm hires their own analysts to review and analyze publicly available information — including annual and quarterly reports, company websites, company presentations and press releases — for compliance with the popular AAOIFI standard.
What's the story behind Amal Invest?
Amal is an investing app built by Muslims, for Muslims. Most investing apps provide general features that appeal to the majority of users. Unfortunately, this leaves out Muslims — placing the burden of complying with their beliefs on the individual.
We're changing that. With a solution designed for Muslims, we're building features no generic broker can match. From built-in halal screening to automatic zakat calculation, Amal's a world-class investing solution that exclusively serves Muslims.
What countries does Amal support?
Amal Invest operates globally with support for 150+ countries. You can find the list of unsupported countries here.
If you don't spot your country on there, you can sign up to start using the Fund Purifier today.
Does the Fund Purifier work with active ETFs (e.g. ARKK) that update daily?
The Fund Purifier uses public disclosures made to the SEC to trigger rebalances. The SEC mandates holdings disclosures on at least a quarterly basis for US-domiciled ETFs, in addition to many mutual funds.
Many funds, however, disclose holdings more frequently. ARKK, for instance, publish their holdings daily via their website. For popular funds, Amal Invest tracks this additional data and updates the purified holdings for you automatically, on a daily basis.
We cannot guarantee that this treatment is available to all active funds, but it is available to the ARK family of actively managed ETFs: ARKK, ARKQ, ARKW, ARKG, ARKF and ARKX.
Does the fund Purifier work with my existing brokerage account?
No, the Fund Purifier is only available to Amal Invest users. Signing up is quick, and easy, and offers you access to many other features including built-in halal screening, yearly automated zakat calculation (coming soon) and more.
How does the lifetime discount work?
Pretty much how you'd expect it to. As long as your account remains active, you'll only pay the reduced fee. It's our way of saying thank you for showing us your early support!
Can you guarantee that the performance of the purified fund will match that of the original fund?
No. While we typically reflect changes to the underlying fund automatically following public disclosure, you should not assume that the performance of the purified fund will match the base fund.
The performance of purified funds can differ from the base fund, due to the difference in the underlying holdings, as well as the delay in public disclosures of the fund holdings.
Is Amal Invest licensed as a brokerage firm? Can I trust you?
Amal is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market. Financial Services Permission #210036
Amal is also partnered with Alpaca Securities LLC, an SEC-licensed, FINRA-registered broker/dealer and custodian in the US. All your assets are held in the accounts of the licensed broker, except in transit between your account and the custodian.