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
Start Investing
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).

CI Direct Investing: Complete Step-by-Step Tutorial
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CI Direct Investing: Account Transfer Tutorial
Watch VideoWhat 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.

Equity vs. Income Based Investments
Income-Based Investments
Lower, more stable returns.
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Lower Returns*
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Lower Risk
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More stable in poor economic conditions
Equity Investments
Higher, riskier returns.
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Higher Returns
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Higher Risk
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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:
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1 You create an account using our distribution partner, CI Direct Investing
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2 You invest your money in one of Manzil's four Halal Portfolio offerings
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3 You earn Halal money through the underlying Halal investment holdings in your account
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4 Sit back and build your Halal net worth by watching your hard earned Halal money work for you

We Partnered with the Very Best to Facilitate Your Investments
We partnered with CI Direct Investing to provide you with a means to facilitate your halal investments. CI Direct Investing is part of CI Financial, one of the country’s largest investment companies, trusted by Canadians since 1965.

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

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
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 Compliant 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
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
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.

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.)

Manzil (5.49%)
$734,658

Can You Make?
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.
Start InvestingHow Do You Start Investing?
Manzil is a Halal financial products manufacturer, so we do not sell directly to you, the consumer, rather, we use our trusted distribution partner, CI Direct Investing.




Create an Account with CI Direct Investing
After you’ve created an account with our distribution partner, CI Direct Investing, you’ll be asked a few questions as part of the on-boarding process. Plan to spend a few minutes to complete your investment profile.






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.




Start Earning a Halal Return on Your Investment
Sit back, relax, and start earning Halal money.

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 partner, CI Direct Investing, 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.
Investment Accounts for Every Need
Using these types to save your money and deferring taxes is Halal, with Islamic principles. By selecting any of these accounts through Manzil's Distribution Partner CI Direct, you are ensuring that your investments in these accounts are Shariah compliant.








TFSA




RESP




Personal












Joint




Business

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
Investing with Manzil is financially empowering!
What attracted me to Manzil is the effort they put into simplifying the investment process and the time they took to specifically address my needs as a Muslim woman who wants to balance her financial pursuits with her spiritual obligations. Investing through Manzil has made me feel financially empowered.