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Not every platform that calls itself Halal is built the same way, and nowhere is that clearer than when you put Tabadulat and Amal Invest side by side. Both have found audiences among Muslim investors. Both claim to solve the problem of Shariah-compliant investing. But the way they approach that problem, their business models, their regulatory standing, and what they actually allow you to do as an investor are fundamentally different.

Amal Invest is a fund-filtering and compliance tool. Tabadulat is a fully regulated Halal brokerage. Understanding that distinction is the most important thing you can do before choosing between them.

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What Is Amal Invest?

Amal Invest is an investing app built for Muslim investors. The core proposition is distinctive: rather than building a library of pre-certified Halal funds, Amal Invest takes conventional funds, including household names from Fidelity, Vanguard, and BlackRock, and filters the non-Halal stocks out of them. What remains is a repackaged version of the fund containing only the Halal holdings, which users can then invest in through the platform.

Investments are executed through Alpaca Securities LLC. Amal Invest itself is not a brokerage service, it is a software layer sitting on top of a third-party broker-dealer. This structural detail is confirmed in Amal Invest's own published terms: "Amal Invest is a software service that allows users to filter and invest in funds according to Shariah compliance. We do not act as a broker or provide brokerage services. All trades are executed through Alpaca Securities LLC, an SEC-registered broker-dealer and member FINRA/SIPC."

Amal Invest's Key Features

The platform offers access to over 100,000 ETFs and mutual funds, with automatic compliance monitoring around the clock for all stocks you are invested in. Non-compliant stocks are automatically removed. It also includes smart-rebalancing, putting more money into underweight holdings and less into overweight ones, which syncs whenever the underlying fund changes. Users can also apply a personal blacklist or whitelist, choosing to exclude or include specific stocks regardless of their Shariah rating. The platform is geared towards long-term, passive investing; it does not stream live prices or offer complex trade types, and is not designed for day trading.

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Amal Invest's Shariah Governance

Amanah Advisors has reviewed Amal Invest's platform, including its Shariah screening methodology and operational flow, and issued a Shariah compliance certificate confirming that the platform adheres to Islamic investment principles. The certificate was issued under Mufti Faraz Adam, Head of Shariah Advisory at Amanah Advisors, a well-regarded name in Islamic finance. This is a legitimate and credible arrangement, though it is a voluntary certification, not a regulatory requirement.

Amal Invest's Pricing

Amal Invest currently promotes a one-time payment model rather than a recurring subscription. As of June 2026, the platform offers two primary plans:

• Standard Plan ($249 one-time): Designed for beginner investors, providing access to Amal Invest's proprietary Grow and Save funds.
• Pro Plan ($999 one-time): Intended for more advanced investors, offering access to over 10,000 ETFs and mutual funds, along with advanced filtering tools and priority support.

Pricing Transparency and Discrepancies

While reviewing Amal Invest's pricing structure, prospective investors may encounter differing fee information across the platform's digital assets. In addition to the Standard and Pro plans listed above, some pages and references have displayed a $25/month pricing model, creating uncertainty regarding the platform's current fee structure.

As a result, investors should carefully review the pricing information presented on the specific plan page they intend to purchase and verify any questions directly with Amal Invest before making a commitment. Clarifying the applicable plan, including features and payment terms, can help ensure a clear understanding of the platform's costs and avoid potential misunderstandings.

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Amal Invest's Regulatory Status

Amal Invest is not a regulated brokerage. It is a software platform; investments are executed through Alpaca Securities LLC, a third-party broker-dealer registered with FINRA and SIPC. Amal Invest itself does not hold a financial services license from a capital markets regulator. When using Amal Invest, investors are in a multi-party arrangement: Amal handles the filtering and compliance monitoring, while Alpaca Securities handles the actual custody and execution of trades.

Investors should be aware that Alpaca Securities has launched services, including a Fully Paid Securities Lending program and an FDIC Bank Sweep cash management program. Muslim investors using Amal Invest through Alpaca should directly verify how these features interact with their Shariah requirements, as Alpaca itself notes it makes no representation that its products are Shariah-compliant.

What Is Tabadulat?

Tabadulat is a full-stack, self-directed Halal brokerage platform, purpose-built and regulated in Abu Dhabi Global Market (ADGM) by the Financial Services Regulatory Authority (FSRA). Built around the principle of "100% Halal, 0% Compromise," Tabadulat integrates Halal stock screening, live trading, real-time compliance monitoring, and zakat tools into one platform, with the investor in full control at every step.

Tabadulat Limited holds Financial Services Permission Number 250032 as a Category 3A licensed entity 

under ADGM's regulatory framework. This full FSP was granted in December 2025, following an In-Principle Approval earlier that year, marking Tabadulat's transition into a fully regulated Islamic financial business. Every asset available on Tabadulat is pre-screened and continuously monitored for Shariah compliance. There is no fund-filtering layer, no third-party broker-dealer, and no subscription required to access the screened universe.

Tabadulat's Key options

•       40,000+ Shariah-compliant stocks and ETFs screened daily across global markets

•       AAOIFI-based screening methodology, continuously monitored

•       Free Halal stock screening for life, no subscription or paid tier required

•       Real-time alerts the moment an asset's Shariah status changes

•       Built-in zakat and purification calculators (soon).

•       Zero platform fees, with commissions starting from 0% on US stocks; low fees apply to non-US markets

•       No riba generated from uninvested user cash (stated commitment)

•       Full Financial Services Permission (Category 3A) from the FSRA under ADGM

•       US markets active now; UK, European, GCC, and Asian markets in rollout, verify current availability at tabadulat.com

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Tabadulat's Shariah Governance

As an AAOIFI member, Tabadulat operates under internationally recognised Islamic finance standards and participates in the broader governance of those standards. Its Shariah Supervisory Board (SSB) is established as part of its regulated structure under ADGM's Islamic Finance Rulebook. The SSB oversees Tabadulat's activities and issues formal opinions on the Shariah compliance of its platform.

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Head-to-Head Comparison

Information based on publicly available disclosures as of June 2026. Verify current details directly with each platform.

🔗 Sources: Amal Invest Pro Page | Tabadulat Official Website | FSRA License Announcement

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The Key Differences Explained

1. One Is a Brokerage. The Other Is Not.

This is the most structurally important distinction between the two platforms and the one that matters most for investor protection.

Tabadulat is a licensed brokerage regulated by the FSRA within ADGM as a Category 3A entity under Financial Services Permission Number 250032. When you invest through Tabadulat, you have a direct relationship with a single regulated entity operating under one of the world's most rigorous Islamic Finance regulatory frameworks. Your account, your trades, and your assets are all governed by a jurisdiction with explicit, enforceable rules covering Shariah-compliant financial services.

Amal Invest is not a brokerage service. This is confirmed in its own terms: "Amal Invest is a software service... We do not act as a broker or provide brokerage services. All trades are executed through Alpaca Securities LLC." When you use Amal Invest, you are in a multi-party arrangement, Amal handles the filtering and compliance monitoring, while Alpaca Securities handles the actual custody and execution of your trades.

Investors using any platform structured this way are encouraged to read all agreements carefully, including the third-party broker's standard terms. In particular, Alpaca Securities has launched a Fully Paid Securities Lending program and operates an FDIC Bank Sweep cash management program, both of which Muslim investors should explicitly ask Amal Invest about before committing funds, as Alpaca itself notes it makes no representation that its products are Shariah-compliant.

2. Two Very Different Approaches to Making Investing Halal

Amal Invest's model is genuinely creative. Rather than limiting investors to a small universe of pre-certified Halal funds, it takes conventional funds from the world's best investment managers, scrubs the non-Halal holdings from inside them, and repackages what remains into an investable, continuously rebalanced portfolio. The appeal is obvious: you get exposure to well-known, high-quality funds, just with the non-compliant stocks removed.

Tabadulat takes a different approach. Every asset available on the platform has already been independently screened against AAOIFI standards before it appears in your feed. You are not filtering a conventional product, you are trading from a universe that is Halal by design. For investors who want clean, straightforward access to individual Halal stocks and ETFs without any inherited structure from a conventional fund, this is a fundamentally different investing experience.

3. Pricing: One-Time Payment vs. Zero Platform Fee

Amal Invest's pricing requires meaningful upfront commitment. The Pro Plan is advertised at a one-time payment of $999, though the same page also lists a $25/month figure in its own comparison table. Until Amal Invest clarifies this publicly, investors should verify the exact structure at amalinvest.com/pro before committing. Over five years, if both fees apply, the combined cost would be $999 + $1,500 = $2,499, a significant fixed overhead before any trading activity.

Tabadulat charges no subscription fee and no platform fee. Free Halal stock screening is available to all users for life. You pay a commission only when you trade, starting from 0% on US stocks, with low fees applying to non-US markets. For investors who want to build and monitor a Halal portfolio without recurring overhead, Tabadulat's model is structurally more accessible.

4. Shariah Governance: Regulatory Obligation vs. Certification

Amal Invest holds a Shariah compliance certificate from Amanah Advisors, issued following a review of the platform's screening methodology and operational flow. This is a legitimate and credible arrangement, Mufti Faraz Adam (Head of Shariah Advisory at Amanah Advisors) is a well-regarded name in Islamic finance, but it is a voluntary certification, not a regulatory requirement.

Tabadulat's Shariah Supervisory Board (SSB) is established under its regulated structure within ADGM's Islamic Finance Rulebook framework. As an AAOIFI member, Tabadulat is also actively involved in shaping the standards that govern the broader Halal investing industry, not just applying them. For investors who want Shariah governance that is legally grounded and externally accountable at a regulatory level, not just voluntarily certified, this distinction matters.

Which Platform Is Right for You?

Choose Tabadulat if:

•       You want a fully regulated Halal brokerage with a direct, single-entity relationship

•       You prefer paying only when you trade, with no upfront fee or monthly subscription

•       You want access to 40,000+ individually screened Halal stocks and ETFs

•       You value real-time Shariah compliance alerts and built-in zakat and purification tools (soon)

•       You want a platform where Shariah governance is tied to regulatory obligations, not just voluntary certification

•       You are building a self-directed global Halal portfolio and want multi-market access

Choose Amal Invest if:

•       You want exposure to major conventional funds filtered for Halal compliance

•       You prefer a passive, fully automated investing experience with smart rebalancing

•       You are comfortable with a multi-party structure where a third-party broker handles execution

•       You want access to a wide universe of filtered ETFs and mutual funds beyond individually listed stocks

•       You are willing to make an upfront investment in the platform in exchange for ongoing fund access

•       You have verified with Amal Invest directly how idle cash, securities lending, and Alpaca's cash sweep are handled

Conclusion

Tabadulat and Amal Invest are solving the same problem, making Halal investing accessible and genuinely compliant, but from very different starting points and with very different tools.

Amal Invest is an inventive platform that has carved out a unique niche: taking the world's most popular conventional funds and making them investable for Muslim investors. For passive investors who want automated, fund-based Halal exposure with minimal involvement, it offers something genuinely useful. However, investors should verify the pricing structure directly and should ask Amal Invest explicitly how idle cash and Alpaca's cash management features interact with their Shariah requirements.

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For Muslim investors who want full control, a direct and regulated brokerage relationship, zero platform fees, built-in zakat tools, and Shariah governance grounded in regulatory obligations, Tabadulat offers a stronger, more transparent, and more complete foundation for building long-term Halal wealth.

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Halal investing is not just about what you buy. It is about the entire structure your money moves through, the platform, the compliance framework, the cash handling, and the regulatory accountability behind it. On all of those dimensions, Tabadulat is built to a standard that goes further.

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Disclaimer:

This article is provided for educational and informational purposes only and does not constitute financial, investment, or Shariah advice.

Regulated by the ADGM FSRA.Capital at Risk. Not Investment advice.

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