I stumbled upon this new investing app called āFund Purifierā that purifies funds from non-compliant stocks. I considered subscribing (itās $100 per year) but wanted to know what others in this community think of the idea first.
My main interest is getting access to halal versions of the Vanguard mutual funds (VDIGX, VIGAX) and a few iShares ones.
Iām not familiar with this service but we have a similar feature planned for Zoya Invest.
In the meantime, we also have the option to view fund holdings in Zoya and then manually replicate a shariah-compliant version using a service like M1 Finance or Trading212. Brother @Adil wrote about it for the Zoya blog
Thank you farhan. Thatās good to know.
Will you copy all of the features, including the ability to track the change to funds? Thats an important feature to have
I canāt speak for certain, but I think so. Iāll leave it for someone closer to the product to comment on.
@Farhan Salam Alaikum brother Farhan. Any updates on the above mentioned feature? When is it coming to the app?
Walaikum Assalaam brother! Welcome to the Zoya Community.
Our team is working really hard on the launch of Zoya Invest. I donāt have a date right now, but weāre hoping to have something very soon.
@Farhan Salam Alaikum brother Farhan,
Just recently this Fund-Purifier (Formerly known as Amal-Invest) has become open sourced and I am wonder if this could be added to Zoya. I believe that many would be eager for such a feature to be added to Zoya.