Manzil Personal Account (Non-Registered)

Halal Investing in Quebec

Manzil's non-registered personal account is the flexibility play in its Canadian lineup: a standard taxable investment account with no contribution limits, no lock-in periods, and withdrawals any time without penalty. Inside it, Corex Financial builds a custom portfolio to your risk tolerance holding only AAOIFI-screened investments across two buckets - equities and income (real estate and sukuk) - with no bonds, GICs, or interest-bearing instruments. Gains and investment income are taxable each year, which is why most investors fill their TFSA and RRSP room first and use this account for the overflow. Assets are held with CIRO-member custodians covered by CIPF.

Manzil's non-registered personal account is the overflow vehicle for Canadians who have maxed their TFSA and RRSP room - no contribution caps, full withdrawal flexibility, and AAOIFI-governed Shariah oversight with a named three-scholar board behind every holding. Corex Financial manages the portfolio, so this is hands-off investing: you set risk tolerance and goals, they run the screened equity and income sleeves. The obvious drawback is taxes, since gains and income receive no shelter, and the Canadian fee schedule is unpublished - the $48/year + 0.40% figures on manzil.co apply to the US platform. Best for investors whose registered accounts are already full but who still want more halal market exposure, or anyone saving for a near-term goal like Hajj who needs the money accessible.