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Ensuring Sharia Compliance: Learn About Purification Process

The dividends attributed to revenue generated from non-permissible business activities and interest income need to be purified.

Ensuring Sharia Compliance: Learn About Purification Process

The dividends attributed to revenue generated from non-permissible business activities and interest income need to be purified.

Ensuring Sharia Compliance: Learn About Purification Process

The dividends attributed to revenue generated from non-permissible business activities and interest income need to be purified.

What is purification?

Purification is the cleansing process that requires any investment profit that might have been generated from unlawful activities according to Islamic principles to be given to charity.

What is purification?

Purification is the cleansing process that requires any investment profit that might have been generated from unlawful activities according to Islamic principles to be given to charity.

What is purification?

Purification is the cleansing process that requires any investment profit that might have been generated from unlawful activities according to Islamic principles to be given to charity.

Why are there unlawful activities in my Halal investments?

Some publicly traded companies generate a small percentage of their income from sources that are considered impermissible, such as interest earned on bank accounts or from secondary businesses in the hospitality or airline industries that offer adult entertainment or alcohol.

Fund managers calculate purification totals in line with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines. Our portfolio manager, OneVest, follows strict Shariah-based AAOIFI standards when investing. However, shareholders are still expected to cleanse any impermissible income by donating it to charity.

Why are there unlawful activities in my Halal investments?

Some publicly traded companies generate a small percentage of their income from sources that are considered impermissible, such as interest earned on bank accounts or from secondary businesses in the hospitality or airline industries that offer adult entertainment or alcohol.

Fund managers calculate purification totals in line with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines. Our portfolio manager, OneVest, follows strict Shariah-based AAOIFI standards when investing. However, shareholders are still expected to cleanse any impermissible income by donating it to charity.

Why are there unlawful activities in my Halal investments?

Some publicly traded companies generate a small percentage of their income from sources that are considered impermissible, such as interest earned on bank accounts or from secondary businesses in the hospitality or airline industries that offer adult entertainment or alcohol.

Fund managers calculate purification totals in line with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines. Our portfolio manager, OneVest, follows strict Shariah-based AAOIFI standards when investing. However, shareholders are still expected to cleanse any impermissible income by donating it to charity.

Why are there unlawful activities in my Halal investments?

Why are there unlawful activities in my Halal investments?

Some publicly traded companies generate a small percentage of their income from sources that are considered impermissible, such as interest earned on bank accounts or from secondary businesses in the hospitality or airline industries that offer adult entertainment or alcohol.

Fund managers calculate purification totals in line with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines. Our portfolio manager, OneVest, follows strict Shariah-based AAOIFI standards when investing. However, shareholders are still expected to cleanse any impermissible income by donating it to charity.

Manzil provides only conservative estimates of purification figures, which may not reflect the exact amount of non-permissible income. Clients are responsible for disbursing purification to their chosen charities, either from checking or savings accounts, and for any related taxes or penalties. Manzil bears no responsibility for inaccuracies in the calculations or for the payment of purification itself.

Homes

See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.

Invest

Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.

Wills

In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.

Realty

Whether you’re buying or selling a home, we got you.

Homes

See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.

Invest

Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.

Wills

In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.

Realty

Whether you’re buying or selling a home, we got you.

Homes

See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.

Invest

Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.

Wills

In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.

Realty

Whether you’re buying or selling a home, we got you.

What are you waiting for?

Start your Manzil Halal investment journey today with portfolio management services provided by OneVest.

What are you waiting for?

Start your Manzil Halal investment journey today with portfolio management services provided by OneVest.

What are you waiting for?

Start your Manzil Halal investment journey today with portfolio management services provided by OneVest.

Your life’s dreams and goals aligned with your beliefs and values

Associate member

Your life’s dreams and goals aligned with your beliefs and values

Associate member

Your life’s dreams and goals aligned with your beliefs and values

Associate member

Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417

Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.

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