At Manzil, you can choose between halal financing for your home, or investing in our Mortgage Fund for a stable and halal return on your investment.
What Makes Your Products Halal?
Halal financial products are not just about paying or receiving Interest (Riba). There’s more to it than that:
Halal & Ethical Screening
Our products are end-to-end halal, which simply means permissible and in compliance with Islamic Shariah Law. This prohibits us from investing in businesses that profit from things like alcohol, tobacco, drugs, weapons, gambling, and adult entertainment.
Most lenders are in the business of maximizing their profits, while keeping risk at a minimum, irrelevant of how much that may end up costing you. With Manzil, risk is shared with out extra costs and penalties.
If we go out of business, it doesn't mean you go out of business. Your investments and financing contracts are backed by tangible assets with a known market value.
Clear & Transparent Contracts
Our contracts are not one-sided. We ensure that the terms are laid up front and are fair, clear, and easy to understand for the borrower or investor.
Your Data is Secure, Safer than Banks
Manzil encrypts and protects your information better than the banks.
- Safer than your banks data encryption
- 256-bit Data-Encryption
- Multi-Factor Authentication
Select Your Halal Financial Product
Finance HalalGet Started
Finance your halal home in 4 easy steps:
1 Submit an application with Manzil
2 Get approved
3 Choose a property and agree on a price with Manzil
4 Manzil actually purchases the property and sells it back to you, registered in your name and the sale is recorded in a murabaha mortgage contract
Our Islamic Financial Services FAQs
Finance Halal 1. What makes the Manzil Mortgage Product Halal?
Finance Halal 2. Are Manzil's rates cheaper than my local banks?
|1 year||3.49%||4.50% - 7.25%|
Finance Halal 3. Is Manzil’s mortgage an open or closed one?
Finance Halal 4. Is it variable or fixed and why does this matter?
Invest Halal 6. What kind of Investment return can I expect?
Halal Financing at its Finest
It’s such a breath of fresh air to finally have a proper halal financing option in Canada. Fixed rates for up to 25 years is amazing! It ends up being even cheaper than financing with my local bank. Can’t wait to tell my family and friends about this.
I can finally earn a Halal return on my ethical investments
I’ve always sat and watched as my colleagues and friends talked about their investment portfolios and what their latest and greatest investments are. I couldn’t really participate in the conversation and always felt left out. I can finally invest my money in something that is ethical, aligns with my beliefs, while still providing great halal returns.