
Manzil Wealth Management
Halal Investing in New Brunswick
Manzil Wealth Management is the advisor-led tier above Manzil's standardized robo accounts: professionally managed, Shariah-compliant portfolios built to AAOIFI standards, with portfolio management provided by Corex Financial Inc., a registered Portfolio Manager in every Canadian province and territory. A dedicated advisor from a named six-person team - including a CFP with over 20 years of planning experience - builds bespoke, tax-efficient halal strategies around each client's goals and risk tolerance, across registered and non-registered accounts, accessible online and through the Manzil Invest mobile app. Assets sit with CIRO-member custodians covered by CIPF.
This is the engine behind Manzil's account lineup: professionally managed, AAOIFI-standard portfolios tailored to each client, run by Corex Financial - a registered Portfolio Manager in all 13 provinces and territories - and delivered through the Manzil Invest app. The step up from the standardized robo service is human: a dedicated advisor from a named six-person team building tax-efficient strategies across your full account mix. Governance is the strongest in Canadian halal investing, with a named three-scholar Shariah Supervisory Board and AAOIFI's three-layer model including external Shariah audits. The gap is fee transparency: no Canadian fee schedule is published anywhere. Best for Muslim families and professionals who have outgrown robo portfolios and want the whole picture handled halal by a human.
Pros
- Portfolios built to AAOIFI standards and tailored 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
Cons
- 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
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Product Details
Type
Investment Platform
Manzil in New Brunswick
Manzil's Wealth Management is available to investors in New Brunswick, structured as a Wealth Management. Its provider holds an A grade on HalalWallet's HalalWallet Index. Manzil serves 13 provinces, including New Brunswick.
Shariah Compliance & Oversight
Manzil Shariah Supervisory Board - Dr. Shaher Abbas, Dr. M. Gadhoum, and Mufti Faraz Adam - with governance structured on AAOIFI's three layers: an active Shariah board, independent external audits, and an internal compliance function. Three published SSB certificates cover the Manzil Mortgage Fund and the Murabaha and Musharaka financing products (Ontario), and both home-financing products additionally carry independent third-party certification from Darul Iftaa Mahmudiyyah, issued by the late Mufti Ebrahim Desai. Manzil states it is the first Canadian member of AAOIFI (company-claimed), and annual Shariah audits are published for 2021, 2022 and 2023.
2026-08-13
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Compare With Other Options in New Brunswick
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Halal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
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Co-Founder, HalalWallet
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.