HalalWallet

What HalalWallet does

HalalWallet is an independent, U.S.-focused comparison platform for Shariah-compliant financial products, founded in 2024 by Robert Mallon (Vanderbilt, Georgia Tech, ex-Deloitte) and Kyle Natter (University of Delaware, consumer lending background) and operating out of Newark, USA. The platform enables Muslim Americans to browse and compare 95+ (114+ per the latest site) halal products across eight categories — home financing (Musharakah, Murabaha, Ijara structures), investing, banking, auto financing, business financing, retirement, estate planning, and Zakat — from 30+ vetted providers across all 50 states. Built as a self-serve web product with no account required, it adds a Halal Finance Score assessment (a 7-category 0–100 evaluation with a prioritized action plan), a Get Matched service that pairs users with providers using no personal data, and a Halal American Dream bundle that combines mortgage matching with license-verified halal real estate agents and insurance. A mobile app is planned for July 2026 with a founding-member program.

Name

HalalWallet

Legal name

HalalWallet

Website

https://halalwallet.us

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

HalalWallet is an independent U.S.-focused comparison platform that enables Muslim Americans to browse, compare, and get matched with 95+ Shariah-compliant financial products across 8 categories from 30+ vetted providers, monetizing via provider referral fees and featured placements.

Ownership category

akta.pro rank

Product category

Islamic Finance Comparison Platform

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Other Activities Related to Credit Intermediation (522390)

SIC

Loan Brokers (6163)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Private Banking & Wealth (FSABAGAD), Islamic Corporate Banking (FSABAGAC)

Keywords

• Halal finance comparison
• Shariah-compliant products
• Islamic financial services
• Halal mortgage comparison
• Islamic investment platform

Headquarters

HQ city

Warrington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations

Revenue model

1. Referral Fees: Earns referral fees when users click outbound links to providers. Some agreements include fees tied to funded transactions per provider agreements. Fees typically come from provider marketing budgets and do not increase what users pay.
2. Featured Placement: Providers may pay for 'Featured' placement slots in highlighted sections. On home-financing pages specifically, paid Featured status does not determine ranking, matches, or order.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

HalalWallet is a free web-based comparison platform that enables Muslim Americans to browse, compare, and get matched with 95+ Shariah-compliant financial products across 8 categories — including halal mortgages (Musharakah, Murabaha, Ijara), halal investments, interest-free banking, auto financing, business financing, retirement, and Islamic estate planning — from 30+ vetted providers across all 50 states. The platform is supplemented by the Halal Finance Score assessment tool, Get Matched service, and Halal American Dream bundled home-buying team.

Product overview

HalalWallet is an independent U.S.-focused comparison platform for Shariah-compliant financial products, not a lender, broker, or financial advisor. The core product is a comparison marketplace enabling Muslims to browse, compare, and get matched with 95+ halal financial products across 8 categories — home financing (Musharakah/Murabaha/Ijara mortgages), halal investing (ETFs, mutual funds, robo-advisors, stock screeners), interest-free banking, auto financing, business financing, retirement accounts, Islamic estate planning (wills, trusts, Faraid), and Zakat tools. The platform is supplemented by the Halal Finance Score (a free 7-category financial assessment generating a 0–100 score with prioritized action plan), the Get Matched service (personalized provider recommendation with no data collection), and the Halal American Dream bundled home-buying team (pairing halal mortgage matching with license-verified Halal Real Estate Agents and halal-vetted insurance). Supporting tools include a Halal Mortgage Calculator, Halal Retirement Calculator, Zakat Calculator, Faraid Calculator, and the forthcoming HalalWallet Mobile App (July 2026 launch) offering halal budgeting, per-transaction halal review, automatic Zakat tracking, and sadaqah habit tracking. The platform covers all 50 states, is free to use with no account required, and is editorially independent — not owned by any provider.

Differentiator

Problem solved

Functional benefit

Products and services

• HalalWallet Comparison Platform Independent comparison platform enabling U.S. Muslims to browse and compare 95+ Shariah-compliant financial products across 8 categories (home financing, investing, banking, auto, business, retirement, estate, zakat) from 30+ vetted providers, with side-by-side comparisons, Shariah oversight labels, and no account required.
• Halal Finance Score Free assessment tool evaluating 7 financial categories (housing, banking, investments, retirement, debt, zakat, estate planning) with a weighted score from 0–100 and a prioritized action plan with state-specific halal provider recommendations. Completed in under 2 minutes with no account required.
• Get Matched Personalized matching service that asks users about their financial need, location, and preferences, then recommends Shariah-compliant providers. Covers 114+ products across 9 categories, all 50 states, with no personal data collection or sharing.
• Halal American Dream Bundled home-buying team service pairing halal mortgage matching with license-verified Halal Real Estate Agents (cross-checked against state boards including TREC, DRE, IDFPR, AZDRE, FREC) and halal-vetted insurance coverage. Covers home, life, and auto insurance with a Takaful waitlist for 2026.
• HalalWallet Mobile App Mobile application offering halal budgeting, automatic Zakat tracking on hawl timeline, per-transaction halal review, and sadaqah habit tracking. Founding members receive locked-in pricing and access to the first 1,000 invites.

Quantifiable outcome

• 30,000+ Muslims have compared products on HalalWallet
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered core, major and minor.

• Guidance ResidentialcoreGTM or Marketing PartnerFeatured halal home financing provider on HalalWallet platform. Largest halal mortgage provider by volume - $10B+ funded, 40,000+ families, 35 states. Uses Musharakah structure with AMJA endorsement and Shariah Board chaired by Justice Taqi Usmani. HalalWallet earns referral fees for referred customers.
• Ijara Community DevelopmentcoreGTM or Marketing PartnerFeatured provider - 501(c)(3) nonprofit offering Ijara/Musharakah halal financing in all 50 states. Covers small business ($250K-$5M), multifamily ($1M-$25M), commercial ($500K-$20M). HalalWallet earns referral fees for referred customers.
• Amana FundscoreGTM or Marketing PartnerFeatured investing provider - America's longest-running halal mutual funds (since 1986). $1.46B AUM. 4 fund options available in all 50 states. HalalWallet earns referral fees for referred customers.
• LARIBA American Finance HousemajorGTM or Marketing PartnerFeatured banking and financing provider. America's pioneer Islamic finance institution since 1987. AAOIFI certified with published annual audits. Offers home financing (27 states), auto financing (4 states), and banking. HalalWallet earns referral fees.
• UIFmajorGTM or Marketing PartnerFeatured provider - first exclusively Shariah-compliant bank in U.S. AAOIFI institutional member with certified deposit accounts. Covers 32 states with home financing, auto financing (MI, IL, OH, TX), and banking. HalalWallet earns referral fees.
• Devon BankmajorGTM or Marketing PartnerFeatured provider - FDIC-insured Islamic bank in Chicago. Offers Murabaha home financing (34 states), interest-free deposit accounts, and business financing. Rare combination of FDIC insurance with halal products. HalalWallet earns referral fees.
• Stearns BankmajorGTM or Marketing PartnerSalaam Banking program - FDIC-insured halal banking available nationwide. Independent Shariah Supervisory Board oversight. Business financing expertise. One of the few FDIC-insured Islamic banking options. HalalWallet earns referral fees.
• ManzilcoreGTM or Marketing PartnerFeatured investing provider - lowest-cost halal ETF (MNZL at 0.40%), ~461 holdings, Russell 1000 index, available in 49 states. Also offers managed halal investing platform with 9.5 Halal Transparency Score.
• Wahed InvestmajorGTM or Marketing PartnerFeatured halal investing platform and ETF provider (HLAL). Robo-advisory services with built-in Shariah screening. Hands-off managed halal portfolios. 4.5 HalalWallet rating.
• ZoyamajorGTM or Marketing PartnerFeatured halal stock screener and brokerage platform. Screens stocks using AAOIFI criteria. Integrated trading account. $14.99/month or $119.99/year premium pricing. 4.5 HalalWallet rating.
• SPFundsmajorGTM or Marketing PartnerBroadest family of halal ETFs in U.S. SPUS (S&P 500 Sharia), SPSK (sukuk), HLAL. Passive halal ETF investing at 0.45%-0.55% expense ratios. 4.5 HalalWallet rating.
• MusaffamajorGTM or Marketing PartnerHalal stock research and screening platform. 30,000+ Shariah ratings with formal Shariah advisory board. Comprehensive stock screening tool with AAOIFI-based filtering. 4.5 HalalWallet rating.
• Azzad Asset ManagementmajorGTM or Marketing PartnerComprehensive halal wealth management. Established 2000, available in all 50 states. High-net-worth halal investment management services. Third-party certified. 4.5 HalalWallet rating.
• ShariaPortfoliominorGTM or Marketing PartnerManaged halal portfolios with human financial advisors. Personalized service for complex financial situations and larger portfolios. Named Scholar oversight. 4.3 HalalWallet rating.
• Jafari Credit UnionminorGTM or Marketing PartnerQard Hasan model credit union serving Texas members. Interest-free auto refinancing, equipment financing. Member-owned cooperative. 4.3 HalalWallet rating.
• Neighborhood Development CenterminorGTM or Marketing PartnerIslamic financing provider serving Minnesota. Small business loans. 4.3 HalalWallet rating.
• Goosehead InsuranceminorGTM or Marketing PartnerAuto insurance broker comparison available through platform. Not Shariah-specific but provides halal-vetted coverage options.
• The ZebraminorGTM or Marketing PartnerAuto insurance comparison platform. Provides coverage comparison for halal-vetted insurance options.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Zoya: Halal stock screener and brokerage platform with AAOIFI-based screening. Featured HalalWallet partner but also a direct competitor in the halal investing/stock-screening space.
• Wahed Invest: Halal robo-advisor and ETF (HLAL) provider, also a featured HalalWallet partner. Directly competes in the halal investing vertical while also distributing through HalalWallet.
• Musaffa: Halal stock research platform with 30,000+ Shariah ratings and a formal advisory board. Featured partner on HalalWallet while also competing in Shariah-compliant investment screening.
• Islamicly: Shariah-compliance screening and Islamic finance app with stock screening and prayer/Quran features. Closest direct spiritual/finance super-app competitor, primarily serving UK/global Muslim audience.
• Amana Funds: America's longest-running halal mutual fund family (est. 1986, $1.46B AUM). Featured HalalWallet partner but also a direct product competitor in halal investing.

Broad incumbents

• NerdWallet: Largest U.S. consumer finance comparison platform. Overlaps with HalalWallet's mortgage, banking, and investing comparison functions, but does not specialize in Shariah-compliance vetting.
• Bankrate: Established U.S. financial comparison and editorial platform covering mortgages, banking, and investing. Competes for the same organic SEO keywords HalalWallet targets, at much larger scale.
• ValuePenguin: Personal finance comparison and editorial site covering banking, lending, and insurance. Competes for SEO traffic on halal-adjacent personal finance queries.
• LendingTree (halal mortgage sub-vertical): Listed in HalalWallet's halal mortgage coverage as a non-Shariah-specific but useful comparison resource, illustrating how broad incumbents intersect with HalalWallet's niche.
• LendingTree: Multi-vertical loan comparison marketplace (mortgage, personal, auto, business). Closely comparable comparison/lead-gen model to HalalWallet's loan vertical, though not halal-specialized.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• Instagraminstagram.com/halalwallet
• LinkedInlinkedin.com/company/halalwallet

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HalalWallet