The cat may be already out of the bag but it’s time for us to officially share some very exciting news. We’re bringing commission-free investing to Zoya! With this new feature, you’ll be able to invest in individual stocks and pre-built halal portfolios from over 50 countries around the world. Be one of the first to get access by joining the waitlist at the link below.
Beyond that, I wanted to open this space up for conversation about the feature. What are Zoyans looking for in their investing tool? What tools are you guys using now to make your investments? Does anyone have questions about what commission-free investing means? Let’s talk
Mashallah, this is amazing! Do you guys have a halal cryptoasset exchange platform in the pipeline too?
They say selling the shovels to the goldminers is where the real money’s at!
Plus it’s halal and with no leverage it would be better for the crypto space as a whole!
Maashaa Allah. A very welcome development. I hope those resident in Nigeria can invest in it as well because as a Muslim resident in Nigeria, it is quite challenging getting easy access to most halal investment platforms, this will be a deal breaker. May Allah bless the initiators of this opportunity. I can’t wait to sign up.
@maani_mohammed Funding methods will vary depending on your location but in the US we will initially support ACH (via bank linking) and wire transfers.
@maani_mohammed Most stocks will be made available since the compliance status of a stock can change over time.
@quadriss Yes, shares can be transferred if coming from an ACAT eligible institution.
I’d say it’s a bit early days but definitely a space worth watching. Thanks for tuning in @Darrel_Lychee.
@Ameenah114 Yes, you will be able to invest from Nigeria! Take a look at our new FAQ page to see where Zoya Invest will be available.
Nice.
Will Zoya Invest be another app or will it be a feature in the current app. If it will be in the current app, then is it necessary to buy a pro version of the app or we can use it separately ?
Thanks for the feedback, @khalid.karamali! The list of supported countries will be limited initially due to regulatory restrictions but we hope to add more over time. Regarding the equities universe, we’ll be launching with US stocks only but international stocks are on the roadmap.
Hey @Riri Welcome to the Community! Great to have you with us.
And no, Zoya Invest won’t be available to Canadians at launch due to some restrictions. We’re working on making it available, but there’s no time table at the moment.
Pakistan will be available at launch on Zoya Invest