Our portfolio tracker is finally here. With this feature, you can link your existing brokerage account directly to Zoya to unlock insights and monitor your portfolio for shariah compliance on the go. It’s clean, simple, and allows you to sync multiple accounts so you always have a complete picture of your investments.
View an aggregate summary of your portfolio’s overall shariah compliance
Enable fund look-through to scan holdings inside of mutual funds and ETFs
Monitor holdings to get alerts for changes in shariah compliance
This new feature will be rolled out over the next few days to Zoya Pro customers in the US while other countries will come later. The decision to limit to US only came after realizing (and accepting) that Plaid, our data aggregation service, won’t be a stable enough source for us (even just in the US). We knew we would need to add additional data sources at some point to expand to other countries—however, as we onboarded more users, it became clear that Plaid just doesn’t have the coverage they say they do, the quality of their data is inconsistent at best and there are stability issues that constantly come up. That said, we’re already working on this and should have much better institution coverage/support in the next few weeks.
As always, we’d love your feedback and suggestions on how we can improve this feature and make it more useful for you.
Which broker do you use? Plaid (the account aggregation service we’re using) has extremely limited support for Canadian institutions. We’ve identified an alternative provider but we’re still some weeks out before that’s available.
There’s a small bug in the portfolio manager.
After selecting non-compliant in the compliance drop-down, if you dont have any non-compliant stocks, the drop-down box becomes inactive and therefore you can’t select anything from the drop-down again.
Thanks for sharing this feedback. We’re aware of the issue with Canadian institutions and are actively working with our vendors to get a solution here. I’m a Canadian too and am pretty excited to get this feature working for us as well.
This is a very promising feature, a game changer for sure. I am liking it so far. It linked so smoothly with my Fidelity brokerage accounts.
I know it’s still “Beta” so it’s a work in progress. However, I want to note that there are several securities that are showing as unrated despite having a shariah rating from Zoya. Also, it would be great if one can adjust the compliance of a particular stock to align with other acceptable screening criteria, which may differ from the compliance criteria used by Zoya.
For example, BABA is considered non-compliant by Zoya, primarily because of ~9% interest income. Other screening criteria separate operating vs non-operating income. I would love a way to adjust my total portfolio according to the screening criteria that I’m following. Also, other criteria limit the interest-bearing debt and interest-bearing securities to under 33% while Zoya limits it to 30%
I don’t know if every user cares about this but as a Zoya Pro user, I would like more advanced options.
Thanks for reporting this, @Ragbargh. This is likely a bug in Plaid, the service we use to connect Zoya to your brokerage account. We’ll investigate further and reach out to Plaid accordingly. It would also be helpful if you can email us at firstname.lastname@example.org highlighting the specific discrepancies.