Provider head-to-head
Amana Funds vs Wahed Invest.
Amana has run halal mutual funds since 1986. Wahed launched a halal robo-advisor in 2017. Both are widely respected; they serve different investor styles.
Listed
Amana Funds
Best for: Long-running halal mutual fund family
40+
Years operating
1
Structures
·
Income, Growth, Developing World, Participation funds
·
Active Sharia screening
·
Decades of operating history
Listed for transparency. Full Mufti Saad review pending corpus seed.
Listed
Wahed Invest
Best for: Halal robo-advisor with retirement support
9+
Years operating
1
Structures
·
Halal-screened robo-advisor
·
Roth and Traditional IRA support
·
Mobile-first onboarding
Listed for transparency. Full Mufti Saad review pending corpus seed.
Side by side
The dimensions that matter.
Dimension
Amana Funds
Wahed Invest
Year started
1986
2017
Product type
Mutual fund family
Robo-advisor + ETF
Onboarding
Traditional brokerage flow
Mobile-first, app-driven
Minimum investment
Typically $250-2,500
$100 (often lower)
Fee profile
Mutual fund expense ratios (0.80-1.30%)
Advisory fee (typically 0.49-0.99%) + ETF fees
IRA support
Yes
Yes (Roth and Traditional)
Sharia screening
Active, fund manager judgment
Rules-based, index-tracking
Verdict
Where each wins.
Amana for long-horizon investors who value active stewardship and the deeper track record. Wahed for new investors, mobile-first workflows, or anyone wanting automation. Many portfolios use both: Amana for satellite active exposure, a Wahed account or HLAL/SPUS for the core.
Editorial comparison. A Mufti-signed verdict replaces this when corpus content covers the pairing.
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