The Manzil Halal Portfolios

Ethically Sound, Halal Investing for your values

Start earning a Halal return on your money with Canada's only diversified Halal portfolio offering

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How to Invest Tutorials

A step-by-step tutorial showing you how to invest in the Manzil Halal Portfolios through CI Direct Investing (formerly WealthBar).

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CI Direct Investing: Complete Step-by-Step Tutorial
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CI Direct Investing: Account Transfer Tutorial
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What is Halal Investing?

Halal investing is of two types primarily, investing in companies, also known as equities or stocks, and fixed income investments like investing in Islamic bonds (Sukuks) or real estate. Both types of investments have to be in line with Islamic principles for them to be halal. Income-based investments provide lower, more stable returns while investing in companies provide higher returns but are also riskier investments.

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Equity vs. Income Based Investments

Income-Based Investments

Lower, more stable returns.

  • Lower Returns*
  • Lower Risk
  • More stable in poor economic conditions

Equity Investments

Higher, riskier returns.

  • Higher Returns
  • Higher Risk
  • Performs poorly in dire economic conditions

*Lower returns when compared to equity investments and even that’s not always the case. When compared to other income-based investments with similar risk and asset classes around the world, Manzil provides you with the most halal bang for your buck. Ideally, a diversified portfolio that includes both income-based and equity investments would be the best route to go. Manzil offers this option through its Partner, CI Direct Investing, who offers a diversified portfolio made up of income-based investments through our Income-based fund, and equity investments through Wahed Invest's equity fund.

What Are You Investing In?


At Manzil, we've put together Canada’s very first Halal diversified portfolio called the Manzil Halal Portfolios. You can now invest based on your risk profile without having to keep your "Fixed Income" position in cash. In other words, you can now make all of your money work for you and your community!

Here’s How It Works:

  • 1 You create an account using one of our distribution partners below
  • 2 You invest your money in one of Manzil's four Halal Portfolio offerings
  • 3 You earn Halal money through the underlying Halal investment holdings in your account
  • 4 Sit back and build your Halal net worth by watching your hard earned Halal money work for you

Halal Investing Tailored to You

We provide you with different options to facilitate your investment. We match you with one of our trusted partners based on your investing preferences.

CI Direct Investing


Monthly deposits
  • No Minimum
  • Dividend re-investing
  • Diversified portfolios that include the Wahed Invest (HLAL) ETF
  • Setup monthly contributions
  • Annual account fee from 0.38% to 0.60% depending on investment amount
  • RRSP, RESP, TFSA, LIRA, RRIF, Personal and Corporate Savings accounts
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FrontFundr


Smaller, one-time deposits
  • Minimum $1,000
  • Dividend re-investing
  • RRSP, TFSA, LIRA, RRIF, Joint, Personal and Business accounts. RESP account are not included
  • No annual advisor fee
  • A flat annual account administration fee of $125 for your first account and $75 for subsequent accounts
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FUNDSCRAPER


Larger, one-time deposits
  • No Minimum
  • Dividend re-investing
  • RRSP, TFSA, LIRA, RRIF, Joint, Personal and Business accounts. RESP accounts are not included
  • No annual advisor fee
  • A flat annual account administration fee of $125 for your first account and $75 for subsequent accounts
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What Makes It Halal?

Manzil’s portfolios are in line with Islamic principles of investing, ensuring that its investment transactions, contracts, and activities are permissible from a Shariah point of view, keeping clear from impermissible (haram) activities or transactions that generate interest (Riba) as income. The Manzil Portfolios were built from the ground up. We worked very closely with our Shariah, legal, and audit teams to ensure it met Shariah requirements as set out in the Shariah standards issued by the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI), the gold standard for any company in this space.

How Safe Is Your Investment?

The beauty of Islamic Finance is that you have to invest in real businesses or real assets. Academic studies have shown that business that are in line with Islamic Finance principals fared better than their conventional counterparts during previous economic downturns. This can be attributed in part to less levered balance sheets and backing by hard assets. You can rest assured that the Manzil Halal Portfolios achieve this. In other words, it’s as safe as it gets in the world of investments.

    Is This a Risky Investment?

    Since the Manzil Halal Portfolios invest in businesses with strong balance sheets as well as real tangible assets you can expect a lower variability of risk. Unlike the other guys, the Manzil Halal Portfolio is not a "One size fits all" solution. There are four different portfolios to match your personal risk preference.

    What Makes the Manzil Halal Portfolios Halal?

    Built on Strict Ethical & Halal Standards from the Ground Up
    Built on Strict Ethical & Halal Standards from the Ground Up

    We work closely with our Shariah, legal, and audit teams to ensure every part and angle of the income fund is ethically sound and in compliance with Shariah. Many well known, local scholars in the United States and Canada are endorsing our product. With Manzil, you can rest assured that your investment is ethical, and end-to-end shariah compliant.

    The First & Only AAOIFI Complaint Fund in Canada
    The First & Only AAOIFI Complaint Fund in Canada

    AAOFI the Accounting and Auditing Organization for Islamic Financial Institutions and is the gold standard for Islamic Finance. AAOIFI compliance ensures that our products and services are Halal and they are in line with Shariah requirements as set out in the Shariah standards issued by AAOIFI. We're proud to be the first to attain certification of compliance with AAOIFI in Canada.

    Investing in Real Business & Assets
    Investing in Real Business & Assets

    All of the Manzil Halal Portfolios invest in businesses with strong balance sheets and real tangible assets. As a main principle in Islamic Finance this helps mitigate more speculative or riskier investments to ensure that your Halal money is working just as hard as you do.

    Higher Returns, Lower Risk
    Higher Returns, Lower Risk

    Manzil’s Halal Portfolios are targeted for long term investors. Academic studies have shown that if you invest in businesses that are in line with Islamic Finance principles fared better than their conventional counterparts during previous economic downturns. When compared to similar conventional diversified portfolios issued by other financial institutions, you could achieve a potentially higher return on a risk-adjusted basis.

    What is our Mortgage Investment Fund and Why is it Halal?

    A mortgage fund is an investment vehicle where individual investors pool their investment capital through unit acquisition.

    A Trust structure enables the mutual fund to escape paying income tax on income earned if it distributes all net realized capital gains, income and dividends, after expenses to unit holders.

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    Make Halal Money

     



    • Projected nominal annual rate of return of 4.00%
      net
      of fees or 21.75% over 5 years
      (4.35% compounded per year)


    • Pool of first position mortgages at maximum LTV
      of 80% (loan-to-value)
      secured against prime real
      estate to minimize risk


    • Quarterly income distribution via cash or through a
      Distribution Re-Investment Program (DRIP)


    • Registered account eligible (i.e. RRSP, TFSA,
      RESP, etc.)

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    How much Halal Money Can You Make?

    Initial Deposit

    $50,000

    Monthly Deposit

    $1,000

    Years

    30

    Manzil Halal Investing

    $862,038

    Traditional Savings

    $648,393

    Traditional Investing

    $513,387

    Purchase Price
    $500,000
    Down Payment
    $100,000
    Term
    25 Years
    Payment Frequency
    Monthly

    Manzil (5.49%)

    $734,658

    $2,422
    (Monthly Payment)
    How much Halal Money
    Can You Make?
    Initial deposit
    $50,000
    Monthly deposit
    $1,000

    Manzil Halal Investing

    $862,038

    Traditional Savings

    $648,393

    Traditional Investing

    $513,387

    Although you can’t put a price on Halal, as you can see above, with the Manzil Halal Portfolios, you stand to make significantly more than what you would make with traditional investment products of a similar risk category.

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    How Do You Start Investing?

    Manzil is a Halal financial products manufacturer, so we do not sell directly to you, the consumer, rather, we match you with one of our trusted distribution partners.

    1

    We Match You with One of our Trusted Distribution Partners

    We’ve teamed up with CI Direct Investing (formerly WealthBar) and Fundscraper to assist with on boarding you into the Manzil Halal Portfolios. We'll match you with one of our partners based on your investing preferences.

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    Create an Account
    2

    Create an Account

    After you’ve created an account with one of our distribution partners, you’ll be asked a few questions as part of the on-boarding process. Plan to spend around 10 minutes completing your investment profile.

    3

    Deposit Money or Transfer Your Current Investment Portfolio for Free

    Decide on how much money you want to invest and start depositing money or transfer your existing investment portfolio to the Manzil Halal Portfolios at no extra charge to you.

    Deposit Money or Transfer Your Current Investment Portfolio for Free
    Start Earning a Halal Return on Your Investment
    4

    Start Earning a Halal Return on Your Investment

    Sit back, relax, and start earning Halal money.

    Start Investing

    How Does Manzil's Halal Portfolios Compare?

    Features & Benefits

    • Shariah Advisory Board
    • Internal Sharia Auditor
    • AAOIFI Compliance
    • Income Based Investment
    • Better than Bank Security
    • Free Account Transfers
    • Ethical Screenings
    • RRSP, TFSA, RESP, RRIF, LIRA, Personal, Joint, Business
    • Equity Based Investment

    Others

    *We and our partners run background checks to detect any strange or problematic financial activities like money laundering, for example, to ensure that the source of the money invested into the fund is from legal activities.

    Transfer your accounts and we’ll pay the fees

    Are you paying higher fees elsewhere on your RRSP, TFSA, or other accounts? You don’t have to. Transfer a minimum account size of $25,000 and we'll cover the administrative transfer fees the company charges you up to $150 per account.

    Transfer My Account

    Not sure which of our partners is best suited for you?

    Don't worry, we’ll do the heavy lifting and figure it out for you. Just click below and let's get started.

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