ZOYA100

Zoyaverse Index

The Zoyaverse Index tracks the collective investment behavior of Muslim retail investors by identifying the most widely held stocks across Zoya users' brokerage accounts. Its goal is to provide a transparent, conviction-weighted benchmark that reflects how Muslims are allocating their portfolios within the U.S. equity market based on real-world holdings. Learn more on our blog.

Inception Jul 31, 2025
Rebalance Monthly
Constituents 100
Weighting Custom

Index Performance

Top Sectors

Represents the ten sectors that make up the majority of the index.

Top 10 Constituents

As of August 31, 2025. Ranked by index weight.

Symbol Company Name Sector Industry Weight

View the complete list of all 100 constituents in the Zoya app.

Index Methodology

The Zoyaverse Index is a conviction-weighted benchmark of the 100 most popular U.S. equity securities held by Zoya users, rebalanced monthly based on real portfolio holdings.

Frequently Asked Questions

Quick answers about what the Zoyaverse Index.

What is the Zoyaverse Index?
The Zoyaverse Index is a conviction-weighted benchmark of the 100 most popular U.S. equity securities held by Zoya users. It reflects aggregated, anonymized holdings from connected brokerage accounts and is intended for informational purposes only.
How often is the index rebalanced?
The index is rebalanced monthly using end-of-month holdings data.
How are index weights determined?
We calculate each stock’s share of a user’s eligible equity portfolio (their personal conviction), average that percentage across all holders, then normalize across the top 100 constituents to produce final weights.
Does the index include non-compliant stocks?
Yes. To reflect real-world investing behavior, the index includes all eligible U.S.-listed stocks held by users, regardless of Shariah compliance status. Use the Zoya app to check compliance for individual securities.
Is the index investable?
No. The Zoyaverse Index is a non-investable, informational index and does not constitute financial advice or a recommendation to buy or sell any security.