Zoya Finance
@ZoyaFinance
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4,718
Following
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Statuses
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The #1 halal investing app. As featured in Bloomberg, Yahoo Finance, CNBC, FintechTV, and more.
Joined October 2015
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On this blessed Friday, as we observe the 12th day of Ramadan, we're delighted to announce a significant milestone—our users are now collectively managing over $250 million in assets through Zoya. 🎉
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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 🧵
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“And do not crave what Allah has given some of you over others.” (Quran 4:32)
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We weren't so amoosed with Ben's slander so we adopted a Moose from
@world_wildlife
in his name ♥️
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⚠️ 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
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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 👇
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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 👇
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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 ⬇️
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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 ⬇️
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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:
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We’re getting *so close* to rolling out our new portfolio tracker 👀
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Here me out. If we can get enough Muslims to buy Shake Shack’s stock to the point where we have controlling interest, we can make it universally halal. Plz.
Shake Shack is down 67% from its high, trading below its opening price from its IPO in Jan 2015. $SHAK
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Intimidated by the idea of halal investing? Not sure where to begin?
We created a free 12-part email course to demystify the process and help you dive in with confidence in just a few days.
✅ Easy to understand
✅ Bite-sized lessons
✅ Zero-jargon
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🗨️ Is it halal to invest in NFTs? Sheikh
@joebradford
explains the shariah permissibility of investing in NFTs and whether or not you have to pay zakat.
#AskZoya
question submitted by
#ZoyaCommunity
members Abdullah and Sugon.
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Bismillah.
In case you missed our announcement yesterday, Zoya has exited beta and officially launched in the App/Play Store yesterday morning.
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BREAKING: Zoya in talks to buy TikTok. All music to be replaced with Sami Yusuf nasheeds. Developing story.
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Avoiding Riba entirely can be difficult for Muslims within the structure of our current monetary system. Does
#Bitcoin
’s anti-Riba properties make it the perfect alternative?
Read the full guest post by
@MBitcoiner
⬇️
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We're thrilled to share that during Ramadan we processed calculations for over $360 million in portfolio assets, resulting in over $2.5 million in zakat. 🎉🎉🎉
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ETFs are great if you’re looking for a more hands-off, passive investing experience. But it’s incredibly important to be mindful of the expense ratio (ie. annual management fees) that are associated with them.
👇 Here’s a real world example:
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The answer is...🥁🥁🥁...125!
Does that surprise you?
Out of 20,000+ stocks globally, how many do you think meet this criteria?
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✨ Introducing our newest feature
Trade stocks with Robinhood directly in Zoya
You can now buy and sell stocks, including fractional shares and dollars-based orders, directly within Zoya using your existing Robinhood account. Enjoy a streamlined investing experience without
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"The most overlooked and underappreciated growth strategy is patience." - James Clear
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May Allah accept your fasts, prayers, and good deeds during this blessed month.
#RamadanMubarak
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We’re looking for a frontend engineer with both mobile and desktop experience (React/TypeScript) to join our team. Send your resume to careers [at] .
Help us build the future of Islamic fintech! 🚀
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Big news! We've partnered with
@Questrade
to make halal investing more accessible for the 1.8 million Muslims across Canada. This integration allows Questrade customers to research stocks, monitor their portfolio, and invest...all inside Zoya. 🇨🇦
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Starting next month and going into 2021, we will begin expanding our market coverage significantly to support more international markets worldwide.
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Zoya is in the top 10 grossing apps in 🇨🇦 Canada under the Finance category! You guys are awesome! Who would've thought an Islamic finance app would ever be able to achieve that?
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We’ve introduced advanced filters to help you discover your next halal investment effortlessly. Quickly narrow down your search based on country, sector, compliance status, financial ratios, analyst ratings, and more.
Zoya Pro subscribers unlock premium features, such as:
-
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⚡️ We just launched Zoya v1.1 which brings two major updates:
1) UK stocks! We've added over 2,000 stocks from the London Stock Exchange.
2) We removed the liquidity filter from the compliance report to comply with the latest revisions to the AAOIFI shariah standards.
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Investing in index funds is widely seen as one of the most effective ways of building long-term wealth. However, shariah-compliant options are limited, expensive, or non-existent, leaving few choices for Muslim investors.
Here's how to build your own ⬇️
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No, we didn’t create the nail polish in this video. Please stop tagging us asking if it’s halal.
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We're thrilled to share that we’re launching ESG Insights: a new feature that will help you gain transparency into key 🌎 environmental, 👥 social, and 🏛️ governance (ESG) issues when making your halal investment decisions.
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Developing healthy financial habits from a young age can set your kids up for success and help them have a more Islamically-conscious relationship with money.
Learn more about how you can equip yourself with the tools to uplift your kids financially ⬇️
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🎉 Our portfolio tracker is finally here!
With this new beta feature, you can link your existing brokerage account directly to Zoya to unlock insights and monitor your portfolio for shariah compliance on the go.
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It has come to our attention that someone is running a scam using our name and brand. We do not offer such packages nor are we in any way affiliated with them.
If you happen to come across any posts like these, please report them immediately.
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Top 10 most visited stocks in Zoya in the last 3 months:
1. $TSLA
2. $AAPL
3. $AMZN
4. $MSFT
5. $FB
6. $NIO
7. $AMD
8. $NVDA
9. $INTC
10. $JNJ
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💬 Is it halal to accept employee stock options? Sheikh
@joebradford
explains what to do if you were granted stock options from a company that isn't shariah compliant.
#AskZoya
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This year has been rough.
With talks of rising inflation and recession, it’s safe to say that building a healthy relationship with money is more important now than ever—not just for yourself but also for your children.
Let’s talk how 🧵
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When it comes to
#halalinvesting
, one concept that's often met with considerable confusion is the act of purification. The intricacy of this process often leads to misunderstandings or skepticism, making it seem like a daunting task for many investors.
Yet, understanding
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Great question, Jennifer! Over 30% of the companies listed on the stock market are shariah compliant, alhamdulilah. Download the app to find out which ones! 🤠
#AskZoya
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So I'm exploring creating a Discord server for Zoyans. Would you join us? What would you expect to see there?
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We're thrilled to start rolling out invites to Zoya Pro subscribers for early access to the beta version of our new fund screener. Get a comprehensive view of the underlying holdings of 2,500+ ETFs and mutual funds and instantly filter them for shariah compliance.
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An excellent, concise explanation of what’s happening with $GME, $AMC, and others.
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Starting today, we have rolled out basket investing to all Zoya users! You can now easily invest in baskets with a few taps, taking the complexity out of building a diversified halal portfolio.
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A great company is not always a great investment at IPO regardless of how convincing the hype may seem.
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Bear Markets may not be as scary as you think 🤔
On average, they occur roughly every 4 1/2 years 📉
But here’s the good news - history shows that the market has always recovered over the long run 📈
Let’s talk about what you should avoid and what you can do 🧵
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Be courages with your philanthropy just as you are courageous with your investments.
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Today, we're thrilled to introduce stock baskets, a new way to help you discover and invest in shariah-compliant stocks.
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The path to long-term, generational wealth doesn’t follow a smooth line up and to the right.
Slow down, do some research, and be more selective with how you invest your hard-earned money.
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Since last year, Umar has been sharing his portfolio and trades with the Zoya community (which are up an impressive 20% YTD 📈).
Join us this Thursday for a chat with him to learn about his experience and what he looks for in an investment.
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Prefer to give your zakat to a cause of your choice? Or perhaps to your local mosque? You can now donate to *any* 501(c)(3) registered non-profit through Zoya.
Keep a look out for the latest app update (v1.1.30) dropping today.
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 👇
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If you’re having to ask whether or not a 2x/3x leveraged ETF is halal, it means you don’t actually understand what a leveraged ETF is. And you should never invest in something you don’t understand.
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💡Zakat Pro Tip: Don’t forget to include the cash value of your loyalty programs when calculating zakat. That includes credit card points, airline miles, Uber rewards, etc.
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The top 10 most owned stocks by Zoya users:
$AAPL
$TSLA
$SPUS
$HLAL
$NVDA
$AMD
$SPRE
$TSM
$CRM
$XOM
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The global wealth divide is astronomical. People either have more than they need or struggle to meet basic needs.
The issue isn’t a lack of resources. Instead, they are poorly distributed.
Here are 4 ways Islamic finance can serve as a framework to help fight poverty:
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ICYMI...
We've recently rolled out some new features and improvements that make Zoya even better.
- Improved basket discovery
- New broker integrations
- Multi-currency support
- Genocide-free stocks
- Analyst ratings
Let's go 👇
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Fund screening is now available to everyone 🥳 Update your app to the latest version (v1.1.9) to get instant access to shariah compliance data on 2,500+ ETFs and mutual funds 🚀
We're thrilled to start rolling out invites to Zoya Pro subscribers for early access to the beta version of our new fund screener. Get a comprehensive view of the underlying holdings of 2,500+ ETFs and mutual funds and instantly filter them for shariah compliance.
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Hajj is an experience that Muslims long to perform. However, the rising costs have made it challenging for many to fulfill this pillar of their faith.
Here are three things you can start doing today to help turn your
#Hajj
dreams into reality. ⬇️
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How should we respond to this email from a Zoya user?
The response with the most amount of likes gets a free year of Zoya Pro.
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Catch our team in
#Baltimore
next Saturday at the 2022 ICNA Convention! Our CEO
@saadmalik
will be joining fellow Muslim founders for a discussion on startups and the Islamic economy. Swing by and say salaam!
#ICNACON2022
RSVP here ⬇️
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Want to learn more? Check out the full article, where we deep dive into the concept of riba and uncover the harmful effects of interest-based financial practices.
⬇️
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It was in December of 2018 when my cofounder Bilal and I flew down to Houston to meet with
@joebradford
to show him our prototype and convince him to become our advisor. HUGE shoutout to him for helping us get this far!
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Riba makes us all poorer
Money creation through interest increases the money supply, which leads to inflation.
As inflation increases, the value of assets increases while the purchasing power of cash decreases.
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Excited to welcome Muhammad Lambat to the Zoya team as our first Content Marketer!
Muhammad is passionate about spreading financial literacy and using investing to create a positive impact in the world. Outside of work, you'll find him hiking or reading a good non-fiction.⛰️📚
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ETFs can be a powerful tool for investors. But halal options are scarce.
Our latest guide spotlights 15 of the top Shariah-compliant ETFs for 2024, covering diverse sectors and geographies.
Dive in ⬇️
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Introducing , the quickest way for people to reach your charity's donation page.
Just comment with your org's name and URL, and we'll create one for you. It's 100% free.
@unrwa
→
@MUHSENORG
→
@NZF_org_uk
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Thanks y’all, we did it!! 🎉
Next, we just need THREE kind souls to help us break 500 ratings on the App Store. Who will it be? 👀
(Link in the next tweet)
⭐️⭐️⭐️⭐️⭐️
We're just one review shy of hitting 1,000 on the Play Store.
If you haven't already, please consider leaving one 🙏
(Link is in the next tweet)
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36% of Americans believe that they will never be able to retire. Enter the FIRE movement. Here's everything you need to know about what it is, why it matters, and how Muslims can implement it in line with their values. (By
@Adil_IFI
)
⬇️
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Riba is dishonorable
Giving a loan is a noble practice in Islam. However, commercializing this and charging a fee is dishonorable and sours an act of dignity.
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@enronengineer
The methodology is based on
@joebradford
's book Simple Zakat Guide. Here's how it works:
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So what are the consequences of riba, and why is it forbidden?
Riba fosters inequality
It's exploitative and helps the rich and harms the poor.
The rich are guaranteed a return, and the poor are stuck in a never-ending debt cycle (compounded over time).
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Got any questions for us? Could be anything regarding the app, our product roadmap, shariah compliance, etc. Just post a tweet with the tag
#AskZoya
and we’ll respond via audio, video, or text.
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⭐️⭐️⭐️⭐️⭐️
We're just one review shy of hitting 1,000 on the Play Store.
If you haven't already, please consider leaving one 🙏
(Link is in the next tweet)
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“This is made clear in the recent DinarStandard report which predicts the Islamic FinTech space alone to be worth $128 billion by 2025, with startups like Zoya Finance and Insha growing in western markets rapidly.”
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Curious how zakat works for your stocks?
Watch this video for a step-by-step guide on how to use Zoya to calculate and donate zakat due on your investments.
It's really easy and fast, we promise. ☺️
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We’re hosting financial coach Malak Kudaimi (
@malakfincoach
) next week to discuss the unique challenges women face in building wealth and how they can take charge of their money. Join us!
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@haseebrzv
Traditional shariah compliance standards focus on financial ratios and a company's core business activities - not its geographic location.
More on that here:
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Did you catch us on CNN? 👀
Zoya was recently featured on
@CNNBusinessAr
in an interview with our CEO Saad Malik highlighting our recent milestone of crossing $250 million in connected assets.
Check it out ➡️
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Halal investing? We made that easy 💰
#zoyaapp
#islamicfinance
#halalmoney
#halalstocks
#halalinvesting
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We live in a fast-paced, consumer-driven world. It's easy to lose sight of our true purpose in the pursuit of wealth. What if the key to financial wellbeing lies in teachings thousands of years old?
Here are 6 Islamic principles to help you find the right balance.
[🧵 thread]
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🔗 Say goodbye to manual calculations! Connect your brokerage accounts to auto-import your holdings and get instant results. It works with stocks, ETFs, mutual funds, and even crypto.
No more guesswork or complex formulas - just simple, precise results.
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We’re looking for 10 people to help us test our new portfolio tracker. If you fit the following criteria, please DM us:
- You have a minimum of two US-based brokerage accounts
- You’re comfortable with our team seeing your financials
- You are an existing Zoya Pro subscriber
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Q: What does your product roadmap look like? What’s the next milestone?
-
@mertesakib
#AskZoya
A:
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Not shariah compliant.
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