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Amal: Investing for Muslims

Amal: Investing for Muslims

Halal Investing in US stocks

7 ratings
3 reviews
💰 Finance

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • September 28, 2022
  • December 8, 2022

Developer

Amal AI Ltd
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About

This app helps Muslims invest in US stocks by filtering out non-Shariah compliant options. It automatically screens stocks and funds, supports investing from over 100 countries, and allows fractional share investing from just $1.

✓Shariah-compliant stock filtering
✓Halal fund screening
✓Automatic fund change tracking
✓Invest from 100+ countries
✓Fractional shares from $1
✓Link existing brokerage accounts
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What's New in Amal

1.0.84

December 8, 2022

Improved loading performance, preparing for a brand new release

User reviews

Most RecentHighest RatedLowest Rated

Great initiative but more brokers needed

Salamu Alaykum,
Amal invest is a great initiative for muslims who don’t want to actively manage their accounts and benefit from the same growth non-muslims have. However I would to see more brokers in the future as I don’t use Alpaca and I’m not interested in using them either! Would definitely subscribe of the big brokers join.
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Fz12345!Fz12345!

Great

Excellent app..very well designed, no need to pay an invsting firms 1000s in management fees
Abed222Abed222

What we need for Halal investing

So glad to see young Muslims catering for the needs of Muslims and by extension others who want to remain ethical. I am excited and wish you all the success. I realize there are going to be bugs and some issues along the way but that’s okay.
OmeryusafOmeryusaf

FAQ

What is Amal?

Amal is a free mobile application designed to help Muslims invest in US stocks while ensuring all investments are Shariah compliant. It automatically filters out non-halal stocks and funds for user peace of mind.

How does Amal ensure investments are halal?

Amal uses built-in halal filtering to screen both individual stocks and the underlying stocks within funds. This process ensures that only Shariah-compliant investment options are presented to users.

Can I invest in funds with Amal?

Yes, Amal allows you to filter funds and automatically checks the stocks within them to ensure they meet Shariah compliance standards. It also tracks changes in underlying funds to keep your investments up-to-date.

What is the minimum investment amount with Amal?

Amal supports fractional shares, allowing you to invest with as little as one dollar ($1). This provides flexibility and makes investing accessible to a wider range of users.

Is Amal available in my country?

Amal supports investing from over 100 countries, making it accessible to a global Muslim community. You can start investing almost anywhere, instantly, through the app.

How secure is Amal?

Amal is designed to be safe and secure. You can link your existing brokerage account or sign up for a new one through their licensed broker partner. The entire process is 100% online and can be completed in under 5 minutes.

What devices does Amal support?

Amal is available on iPhone and iPad devices. It is rated for ages 4 and up.

When was Amal last updated?

The latest version of Amal was released on 2022-12-08. The app was initially released on 2022-09-28.