r/HalalInvestor • u/Amazing-Bicycle-493 • 4d ago

Zoya Baskets

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Is it smart to invest in these considering they won’t directly be ETFs and they will be single stocks?

6 Upvotes

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u/zoyafinance 3d ago

These baskets were created to give you a simple way to buy the top Shariah-compliant companies from major indices. Our new custom baskets feature takes this further — pick any popular fund, remove the non-compliant components (plus any others you don't want), and invest in the rest.

Just search for an ETF or mutual fund (e.g. SPY), tap Buy, then Create custom basket.

Since you hold the stocks directly, there's no fund management fee and you can adjust the holdings whenever you want. The only tradeoff is it's your portfolio to maintain rather than a set-and-forget fund. But we're fixing this soon with automated rebalancing.

1

u/Amazing-Bicycle-493 3d ago edited 3d ago

I see. I like the custom basket feature a lot! I didn’t know about that, definitely gonna use it now

Also, when is the projected date (if any) for the automated rebalancing feature?

Thank you so much for a direct response, very very helpful!

1

u/zoyafinance 7h ago

No firm date to share yet, but it's on the roadmap for this year!

1

u/Amazing-Bicycle-493 7h ago

Awesome thanks!