Amal Invest Analysis
What is Amal Invest?
Amal Invest offers halal investing products built around Shariah screening and fund selection. The site presents two main fund options, Grow and Save, along with plan tiers that unlock access to more screened ETFs and mutual funds. It also highlights a Shariah compliance certificate reviewed by Amanah Advisors and references a Trustpilot score of 4.5.
Location
Amal Invest, Collective Hub, Block 338, Bahrain
Employees
1-10
Founded
2021
Business Model
Subscription model charging $25/month for unlimited halal investment services.
Company Stage
Pre-Seed
Investors
- Y Combinator
YC Batch
W22
Product Features & Capabilities
- Filtered investment funds, Shariah compliance monitoring, Automatic rebalancing, Personal blacklist/whitelist options, No fund management fees.
Pricing
- Pricing plan: $25/month (billed annually at $300/yr)
- Unlimited Investing
- 0% fund fees
- Access to 100,000+ Filtered Funds
- Priority Support
- Fund Tracking & Monitoring
- Shariah Compliance
- No Investment Fees (Savings of $1,000+/yr)
- No Trading Fees (Savings of $50+/yr)
- No FX Fee (Savings of $100+/yr)
- No Fund Fees (Savings of $500+/yr)
- No Inactivity Fees (Savings of $25+/yr)
- No Deposit Fees (Savings of $100+/yr)
- 30-day money-back guarantee
Who are the founders of Amal Invest
YA
Yazin Alirhayim
Founder
Market Focus
Amal Invest primarily focuses on the financial services industry, specifically in providing software solutions for Shariah-compliant investment options.
Competitors Overview
Amal Invest operates in the halal investment market, focusing on Shariah-compliant portfolios. Its main competitors include:
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Wahed: A leading Shariah-compliant digital investment platform and robo-advisor, Wahed offers a diverse range of portfolios including Sukuk and global stocks. It has a significant market presence, operating in 130 countries with over 200,000 clients, which gives it a competitive edge in terms of scale and brand recognition.
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Aghaz: This platform specializes in halal investing and automated investment management, emphasizing ethical investment practices. Aghaz appeals to investors looking for values-based investment options, similar to Amal Invest.
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MRHB: Focused on decentralized finance (DeFi) solutions, MRHB integrates modern financial technology with Islamic finance principles, differentiating itself by operating within the cryptocurrency and blockchain space.
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baraka: An investment platform that allows trading in US stocks and ETFs, baraka offers automated investment options and stock analysis tools. Its focus on the US market may attract a different demographic compared to Amal Invest.
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Kestrl: This financial technology company provides budgeting and halal stock screening services through a mobile app, appealing to younger, tech-savvy investors.
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AlKhabeer Capital: An asset management firm that focuses on alternative investments, including private equity and real estate, targeting a more affluent clientele.
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Shari Shari: Specializes in fractional US stock investing for Filipinos, providing access to US markets while adhering to Islamic finance principles, which may differentiate it from Amal Invest's broader offerings.
These competitors highlight a diverse landscape in the halal investment market, each offering unique advantages such as technology integration, ethical investment practices, or specific market focuses.
Company Pricing
- Pricing plan: $25/month (billed annually at $300/yr)
- Unlimited Investing
- 0% fund fees
- Access to 100,000+ Filtered Funds
- Priority Support
- Fund Tracking & Monitoring
- Shariah Compliance
- No Investment Fees (Savings of $1,000+/yr)
- No Trading Fees (Savings of $50+/yr)
- No FX
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