
Manzil Joint Account (Non-Registered)
Halal Investing in Quebec
Manzil's joint account lets two or more people - typically spouses or family members - share ownership and full access to a single professionally managed halal portfolio. Both holders can view, deposit, and withdraw, with no contribution limits and no lock-in periods. Corex Financial builds the custom AAOIFI-screened portfolio around the household's shared goal and risk tolerance, whether that's a home purchase or a family reserve, and Manzil's named Shariah Supervisory Board certifies the products. As a non-registered account it offers no tax shelter - gains and income are taxable - and assets are held with CIRO-member custodians covered by CIPF.
A straightforward way for spouses or family members to invest together halal - joint ownership, shared access for every holder, and AAOIFI-certified portfolio management from Corex Financial under Manzil's named three-scholar Shariah board. The account suits pooled goals: a down payment both partners are funding, a family emergency reserve, or shared savings beyond individual registered room. As a non-registered account it offers no tax shelter, so most couples will fill TFSAs and RRSPs first, and Manzil's Canadian fee schedule is unpublished - the posted pricing applies to its US platform. Best for households pooling savings toward shared goals beyond their registered room who want the halal question handled by professionals.
Pros
- Shared ownership and access for two or more people
- Certified by Manzil's Shariah Supervisory Board to AAOIFI standards
- Available in all 13 Canadian provinces and territories
- No contribution limits or lock-in periods - deposit and withdraw any time
Cons
- Non-registered, so gains and investment income are taxable
- Limited to Manzil's managed halal portfolio lineup
- Canadian fees aren't published on manzil.co - the posted $48/year + 0.40% pricing applies to the US platform, so confirm CAD pricing at signup
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Manzil in Quebec
Manzil's Joint Account (Non-Registered) is available to investors in Quebec, structured as a Wealth Management. Its provider holds an A grade on HalalWallet's HalalWallet Index. Manzil serves 13 provinces, including Quebec.
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 Quebec
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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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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.