Musaffa, a fintech firm specializing in Shariah-compliant investment research and Islamic financial education, has launched its Global Halal Investment Platform targeting investors in the United States. The initiative is designed to provide more than 600,000 Muslim investors across over 200 countries with streamlined access to U.S. capital markets through a secure and regulated framework rooted in Islamic principles.
By embedding Shariah compliance directly into its system, Musaffa ensures that every transaction aligns with Islamic ethical standards. The platform supports multiple asset classes, including stocks, ETFs, options, and fixed-income products, all screened according to established Shariah guidelines to help investors avoid interest-based income and non-permissible industries such as alcohol and gambling.
Founded in New York City, Musaffa has earned recognition as one of the top 30 Islamic fintech firms for three consecutive years. The company focuses on democratizing halal investing by offering more than just trading capabilities. Its advanced screening tools continuously evaluate securities for compliance, reducing the risk of investors unknowingly holding assets that shift from compliant to non-compliant status.
In addition to investment tools, Musaffa provides educational resources aimed at simplifying Islamic finance concepts for both new and experienced investors. The platform integrates compliance screening, trading, and portfolio management into one ecosystem, including automated purification calculations to remove impure income and zakat assessments to support charitable obligations.
The expansion is powered by a strategic partnership with Alpaca, a U.S.-based broker-dealer known for its robust API-driven infrastructure. Alpaca’s technology enables scalable trading capabilities, supporting Musaffa’s global reach and operational efficiency.
Dilshod Jumaniyazov, Co-Founder and CEO of Musaffa, stated that Muslim investors have long relied on fragmented tools for screening, trading, and compliance management, leading to inefficiencies and uncertainty. He noted that the collaboration with Alpaca enables seamless access to U.S. markets while embedding Shariah adherence directly into the investment process.
Yoshi Yokokawa, Co-Founder and CEO of Alpaca, emphasized that their infrastructure supports the development of Shariah-integrated financial solutions, contributing to broader financial inclusion for underserved communities worldwide. Alpaca has raised more than $320 million in funding and supports over 9 million accounts across more than 40 countries, underscoring its growing role in the global fintech ecosystem.
The launch comes at a time of rapid growth in Islamic finance, with the sector projected to reach $9.7 trillion in assets by 2029, expanding at an annual rate of approximately 10 percent. Despite this growth, digital platforms account for only a small portion of the market, highlighting significant opportunities for technology-driven, faith-based investment solutions.
Musaffa also plans to introduce 24/5 trading capabilities in the near future, further enhancing accessibility for its global user base. The launch marks a significant step in bridging traditional Islamic financial principles with modern capital markets, enabling investors to pursue wealth-building strategies that align with their values.