- Akinda vs
Free Islamicly Alternative for Muslim Investors
Islamicly's broker network and scholar board are real strengths, but its free tier stops at 20 stocks. Here's the open alternative
Table of Contents
- What Islamicly does best
- The 20-stock free tier - where it stops
- Akinda's counterweight: an open free tier
- The full Akinda feature set
- Islamicly vs Akinda - free tier feature comparison
- Who Akinda works best for
- Try Akinda in two minutes
- FAQ
- Conclusion
What Islamicly does best
Islamicly is one of the most established names in halal screening, and its strengths are specific and serious. Two stand out: a globally recognised Shariah scholar board behind its compliance calls, and integration with 30+ international brokers for direct, in-app investing. Add a UK-based heritage, daily compliance updates, and a 30,000+ stock database, and you have a platform built for investors who want to screen and trade across many global markets in one place.
Its Moons rating system (a 1–5 scale) is well known, and for active cross-border investors the broker integration in particular is a real draw. These aren't small things. The friction is in how little of it the free tier lets you touch.
The 20-stock free tier - where it stops
Islamicly's free plan is narrow by design. You get one market, compliance information for 20 pre-fixed stocks, and the ability to create two portfolios of three stocks each. That's it. Everything beyond - full coverage, real-time alerts, advanced analytics, broader Moons access - needs an Islamicly Premium subscription.
For a quick taste of the platform, 20 stocks is enough. For any real screening workflow, you hit the ceiling almost immediately - it isn't really possible to build one on the free tier. That's a deliberate monetisation choice around Islamicly's compliance data and Moons system, and it's exactly why investors who want broad free access go looking elsewhere.
Akinda's counterweight: an open free tier
Akinda takes the opposite stance on what a free tier should hold. There's no 20-stock cap and no single-market lock - the full screener and detailed compliance reports stay open without a subscription. It's a different philosophy: instead of a teaser that points you to Premium, the free tier is meant to be a tool you can actually live in.
The full Akinda feature set
Where Islamicly leans on its broker network and scholar board, Akinda leans on an open, feature-rich free tier. Here's the whole set.
Free halal stock screener
The interface is simple and intuitive, making it easy for beginners to start using the platform right away. At the same time, it remains powerful enough for more advanced users. Paste in a ticker, see the AAOIFI compliance verdict, and read the detailed compliance report. This is the core feature investors search for in any halal app, and Akinda keeps it open at the base tier.
Top Halal Stocks by sector
Akinda organises the strongest halal stocks by sector, so you start from a curated shortlist rather than a locked sample. It's a built-in diversification base - useful when you want a considered view instead of scanning tickers one at a time.
Akinda Ranking Score - beyond pass/fail
Islamicly's Moons rate a stock 1–5; Akinda's 10-point Ranking Score grades Shariah compliance and broader financial fundamentals together, adding an investment-quality read on top of the verdict. Two different framings - both useful - and the Akinda Score appears on every stock detail page, free.
In-depth stock analyses and SWOT reports
Islamicly's free content leans on webinars and Q&A. Akinda's analysts publish full written stock analyses - SWOT, fundamentals, sector context - closer to the research-report model you'd expect from a traditional finance platform. It's reading you can study, not just listen to.
Ready-Made Portfolio - follow a real $1,000 investment journey
Islamicly Moons offers 7,000+ pre-built portfolios that mirror popular funds. Akinda goes the other way: a single, real, publicly tracked $1,000 Investment Challenge, updated in the open with the reasoning behind every move. Fewer portfolios, far more transparency about how one is actually built.
Akinda AI and market signal references
On paid tiers, Akinda adds AI-assisted analysis that interprets uploaded chart data to support your market read, plus signal references with technical levels and risk-reference guidance. They sit on top of the free screening core for investors who want deeper analytical support.
Broker integration for portfolio tracking
This is the clearest contrast. Islamicly's integration enables direct in-app investing through 30+ brokers - a genuine strength if you want one app for screening and execution. Akinda's integration focuses on portfolio tracking: connect your broker, monitor positions and compliance in Akinda, but place trades through your broker. Different model, for investors who like keeping screening and execution separate.
Akinda Daily Games - gamified learning
Akinda Daily Games are investing-themed quizzes and short challenges designed to make halal investing concepts easier to learn. It's an interactive layer most halal platforms don't offer - especially useful for beginners building familiarity with markets, terms, and compliance principles in a low-pressure way.
Articles, weekly & monthly market digests
A library spanning halal investing fundamentals, beginner guides, and Shariah topics, refreshed with weekly and monthly digests. It makes Akinda a learning platform that happens to include a screener, rather than the reverse.
Webinars - structured learning sessions
Like Islamicly, Akinda runs regular webinars - halal investing topics, live market analysis, platform walk-throughs - complementing the written library for investors who prefer a live talk and Q&A.
Akinda's interface also comes in three languages - English, Russian, and Uzbek - which Islamicly currently doesn't offer, since it's primarily English. For anyone who prefers a non-English interface or wants to share the app with family, that's a meaningful convenience. And there's more in the box: backtesting tools for testing ideas against history, a community space, and an investing calculator. The screener and reports are free; paid-plan details are on Akinda Subscriptions.
Islamicly vs Akinda - free tier feature comparison
Both follow AAOIFI-aligned methodologies. The split is what each makes free and how each handles brokers. Side by side:
| Feature | Islamicly (Free) | Akinda (Free) |
|---|---|---|
| Halal stock screener | 20 stocks, 1 market | Full |
| AAOIFI compliance reports | Limited free access | Full reports, free |
| Stock coverage | 30,000+ global | 10,000+ global |
| Portfolio creation | 2 portfolios, 3 stocks | 10-free; unlimited-investor plan. |
| Top halal stocks by sector | Not available | Built-in section |
| Ranking system | Moons rating (1–5) | 10-point Ranking Score |
| AI-assisted analysis | Not available | Akinda AI |
| Market signal references | Not available | Available (paid) |
| Broker integration | 30+ brokers (trading) | Yes (tracking) |
| Backtesting tools | Not available | Yes |
| Daily Games / gamified learning | Not available | Yes |
| Languages | English-focused | English, Russian, Uzbek |
| Web access | Yes | Yes |
The headline difference is free-tier scope - 20 stocks in one market versus a full open screener. Islamicly's standout advantage is direct in-app investing across 30+ brokers, which Akinda doesn't match (Akinda tracks via brokers but doesn't execute). Both are credible; the question is whether you value built-in trading more, or broad free screening more.
Who Akinda works best for
Akinda tends to be the stronger free Islamicly alternative for investors who want:
- A free tier with the full screener
- AAOIFI-aligned compliance reports without a subscription
- A 10-point score blending compliance with financial fundamentals
- Sector-organised top stocks for diversification
- Analyst SWOT reports, articles and weekly/monthly digests
- A live $1,000 portfolio to follow
- AI-assisted analysis and market signals
- Broker-agnostic tracking across existing accounts
- Daily Games and a community for low-pressure learning
- Webinars for live sessions
- Backtesting and an investing calculator in one platform
- Web access alongside mobile
- An interface in English, Russian, or Uzbek
If what you need most is Islamicly's direct in-app trading across 30+ brokers, its 7,000+ fund-tracking Moons portfolios, its digital gold and silver investing, or its built-in purification and zakat calculators, Islamicly may still be the better fit for those jobs. This isn't replacement - it's that for investors who want broad screening access without a Premium subscription, Akinda's free tier covers far more ground.
Try Akinda in two minutes
Getting started with Akinda takes about two minutes. The free tier doesn't require a credit card, and the screener works without sign-up if you just want to test a stock first.
For a complete walkthrough of every feature on the platform, see Akinda Features Explained: How to Use the Platform for Halal Investing. Or jump straight in and check a stock.
FAQ
Is Akinda actually free?
Yes. The free tier includes the full stock screener and detailed AAOIFI compliance reports. The paid plans 0 Standard, Premium, and Investor - unlock research depth, broker integration, signal references, and advanced features. See Akinda Subscriptions for pricing; the screening core doesn't require a subscription.
How does Akinda compare to Islamicly?
Both follow AAOIFI-aligned methodologies. Islamicly's strengths are its 30,000+ stock database, direct in-app investing across 30+ brokers, digital gold and silver, and built-in purification and zakat calculators. Akinda's free tier opens the full screener without limits, adds a 10-point ranking score, runs in three languages, and brings analyst research and backtesting. They're different products with overlapping cores.
Does Akinda let me trade in-app like Islamicly?
No. Akinda connects to brokers for tracking but doesn't execute trades inside the app. Islamicly supports direct in-app investing through 30+ brokers. If one app for both screening and execution is the priority, Islamicly fits better; if broad free screening paired with your own broker suits you, Akinda fits better.
Can I use Akinda on the web?
Yes. Akinda works on both web and mobile, and the screener runs in a browser with no account.
Does Akinda support languages other than English?
Yes - English, Russian, and Uzbek. Islamicly is primarily English, so Akinda's language support is broader for non-English speakers.
Conclusion
Islamicly is a respected platform with deep roots in Islamic finance, a strong scholar-backed methodology, and broker integration that genuinely earns its place. But its free tier is narrow by design - 20 stocks in one market won't carry a real screening workflow. If that's the wall you've hit, Akinda offers the counterweight: the same AAOIFI standards, a full open screener on the free tier, plus a research-and-education layer, web access, and multilingual support Islamicly doesn't currently match.
Whether Akinda becomes your main tool or sits alongside Islamicly in your routine comes down to how you screen. Either way, starting costs nothing - which is the point.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Nothing in this guide should be interpreted as a recommendation to buy, sell, or hold any security. All investing involves risk, and past performance does not guarantee future results. Features, pricing, and availability for both Akinda and Islamicly may change. Please verify current details on each platform's official website before making decisions. Shariah compliance verdicts may differ between methodologies, and investors should consult a qualified scholar or licensed financial advisor when in doubt.