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Investing comparison

Assad Wealth Management vs Manzil

Assad Wealth Management and Manzil both offer investing. This page lines up 15 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Nov 2026

At a glance

  • Both are available in all of Canada.
  • Assad Wealth Management uses Donor-Advised Fund; Manzil uses Wealth Management.
  • Shariah oversight: Assad Wealth Management discloses No Public Review; Manzil discloses Formal Board.
  • HalalWallet Index: Assad Wealth Management holds a B-; Manzil holds a A.
  • On measurable rows, Assad Wealth Management has the better listed value on 0 and Manzil on 1.
  • They differ on 7 of the 15 data points we list for investing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Assad Wealth Management vs Manzil: the full side-by-side

15 data points from each provider's published materials, lined up row by row. They differ on 7.

Assad Wealth Management - halal finance provider logo

Assad Wealth Management

B-
Pays us: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Manzil - halal finance provider logo

Manzil

A
Pays us: No. Manzil pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.

15 of 15 rows

Availability

  • Provinces covered

    Same
    Assad Wealth Management: All of Canada
    Manzil: All of Canada
Costs

  • Expense ratio

    Assad Wealth Management: Not listed
    Manzil: 0.40%
Shariah

  • Structure

    Assad Wealth Management: Donor-Advised Fund
    Manzil: Wealth Management

  • Shariah oversight

    Assad Wealth Management: No Public Review
    Manzil: Formal Board

  • Shariah board / scholar

    Assad Wealth Management: No Public Review
    Manzil: Formal Board

  • Published fatwa / certificate

    Same
    Assad Wealth Management: No
    Manzil: No

  • Screening standard

    Assad Wealth Management: Published DJIM-style screens: debt <33%, receivables <49%, cash+IBS <33% of market value; non-permissible revenue <5%
    Manzil: Russell IdealRatings Manzil Halal USA Broad Market Index
Products

  • Products listed

    Assad Wealth Management: A Donor-Advised Fund (DAF), Wealth Management
    Manzil: Wealth Management, Personal Account (Non-Registered), Business Account (Non-Registered), TFSA - Tax-Free Savings Account, FHSA - First Home Savings Account, RESP - Registered Education Savings Plan +2 more

  • Best for

    Assad Wealth Management: Affluent Canadian Muslim families and business owners who want to organize long-term charitable giving - sadaqa jariah, a family waqf-style fund - through one tax-receipted vehicle, and who will verify fees and the DAF's religious oversight before committing.
    Manzil: Individuals investing outside registered accounts - an emergency fund, Hajj savings, a future down payment - who want a managed halal portfolio with no contribution ceiling and money accessible at any time.

  • Product types

    Assad Wealth Management: Not listed
    Manzil: Investment Platform, ETF

  • Tickers

    Assad Wealth Management: Not listed
    Manzil: MNZL

  • Holdings

    Assad Wealth Management: Not listed
    Manzil: ~480

  • Focus

    Assad Wealth Management: Not listed
    Manzil: Managed Halal Portfolios (Wealth Management) · US Large & Mid Cap (Manzil Russell Halal USA B…)
Track record

  • HalalWallet Index grade

    Assad Wealth Management: B-
    Manzil: A Edge

  • Assets under management

    Assad Wealth Management: Not listed
    Manzil: $39.96M (2026-11-13)

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Assad Wealth Management

  • Immediate tax receipt when you contribute cash or securities
  • Contributed funds stay invested under published halal screens to grow tax-free before granting
  • Grants can flow to your chosen registered charities on your own timeline
  • Administration by Charitable Impact Foundation (CHIMP), an MNP-audited public foundation
  • Family naming or anonymity options - structured as sadaqa jariah / private waqf
  • No scholar or committee is named for the Halal DAF specifically; the only verifiable religious governance sits at the underlying Mackenzie fund level
  • Two layers of unpublished fees - CHIMP administration plus Assad Wealth management - and no stated minimum
  • The 'first and only halal DAF in Canada' claim is unverified marketing with no substantiation or date given
  • The practice itself names no Shariah board or scholar - its FAQ references board oversight and its About page cites 'Shariah specialists' without identifying anyone
  • No fees, MERs, or minimums published - the fee schedule must be requested in writing

Manzil

  • Portfolios built to AAOIFI standards and matched to your goals and risk tolerance
  • Portfolio management provided by Corex Financial Inc.
  • Works across registered and non-registered accounts
  • Accessible online and through the Manzil Invest mobile app
  • No contribution limits or withdrawal restrictions - invest with full flexibility
  • Managed approach means you don't pick individual securities
  • Management fees aren't published - the posted $48/year + 0.40% pricing applies to Manzil's US platform, so confirm CAD pricing before signing up
  • No published minimum for the wealth management tier - expect a suitability conversation before onboarding
  • No tax shelter - gains and investment income are taxable each year
  • Limited to Manzil's managed halal portfolio lineup

Products behind the numbers

Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.

Assad Wealth Management (2)

Manzil (8)

  • Wealth ManagementDetails
  • Personal Account (Non-Registered)Details
  • Business Account (Non-Registered)Details
  • TFSA - Tax-Free Savings AccountDetails
  • FHSA - First Home Savings AccountDetails
  • RESP - Registered Education Savings PlanDetails
  • Joint Account (Non-Registered)Details
  • Manzil Russell Halal USA Broad Market ETF · MNZLDetails
Assad Wealth Management - halal finance provider logo

Assad Wealth Management

Pays HalalWallet: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Assad Wealth Management Full review
Manzil - halal finance provider logo

Manzil

Pays HalalWallet: No. Manzil pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Manzil Full review

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How do Assad Wealth Management and Manzil compare for investing?

Assad Wealth Management and Manzil both offer investing. This page lines up 15 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all of Canada.
  • Assad Wealth Management uses Donor-Advised Fund; Manzil uses Wealth Management.
  • Shariah oversight: Assad Wealth Management discloses No Public Review; Manzil discloses Formal Board.

Source: HalalWallet (halalwallet.ca)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-11-13

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Assad Wealth Management vs Manzil”, https://www.halalwallet.ca/compare/assad-wealth-management-vs-manzil, retrieved 2026-11-14).

For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.

What HalalWallet is and is not

Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.

What we do

  • We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
  • We show the range of scholarly opinion on contested questions, with sources.

What we do not do

  • We do not lend, hold money, open accounts or take applications. You apply with the provider.
  • We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
  • We do not give personal financial, legal or tax advice.

Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0

Before you decide, finish with three checks:

  • Confirm current terms and halal compliance directly with the provider. Their quote is final.
  • Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
  • Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.

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