Investing · Manzil
Manzil Wealth Management
Co-Founder & CEO, HalalWallet
Facts are re-verified against Manzil's published materials; this page updates when the provider's terms, rates, or coverage change.
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.
Opens provider's site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
What is the Manzil Wealth Management?
, 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.
- Contract structure: Wealth Management.
- Available in every province.
- Shariah oversight disclosed: Formal Board.
- HalalWallet Index grade for Manzil in Investing: A.
- Verified against Manzil's published materials on 2026-09-29.
Source: HalalWallet (halalwallet.ca)
Key facts
- Structure
- Wealth Management
- Program type
- Investment Platform
- Focus
- Managed Halal Portfolios
- Availability
- every province
- Shariah oversight
- Formal Board
- Shariah board
- Formal Board
- Last verified
- 2026-09-29
Facts are taken from Manzil's published product materials and were last verified on 2026-09-29. Fields the provider does not publish are omitted rather than estimated.
Our take
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.
Strengths
- 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
Watch-outs
- 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
Is the Manzil Wealth Management halal?
Manzil's managed portfolios hold only AAOIFI-screened securities - no bonds, GICs, or interest instruments - with incidental impure income quantified for purification. Product structuring is certified by Manzil's Shariah Supervisory Board (Dr. Shaher Abbas, Dr. M. Gadhoum, Mufti Faraz Adam), and the firm follows AAOIFI's three-layer governance model including external Shariah audits.
Shariah oversight disclosed by Manzil
Manzil's products are certified by its internal Shariah Supervisory Board, whose governance adheres to AAOIFI standards, with external independent review by Mufti Ebrahim Desai (Darul Iftaa Mahmudiyyah) for home financing. Manzil is Canada's first AAOIFI member and publishes its Shariah compliance certificates in English, French, and Arabic at manzil.co/ca/certifications.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Dedicated advisor from a named six-person team, including a CFP with 20+ years of planning experience
- Bespoke, tax-efficient halal strategies - a step up from Manzil Invest’s standardized goal-based service
- Portfolio management by Corex Financial, a registered Portfolio Manager in every Canadian province and territory
- Only AAOIFI-screened holdings, certified by Manzil’s Shariah Supervisory Board
- Available across registered and non-registered account types
- Assets held with CIRO-member custodians covered by CIPF
Cost and terms
Canadian fee schedule not published on manzil.co (crawled 2026-08-05): the platform's pricing page is US-branded ($48/year Core Plan plus 0.40% AUM fee, $0/year Premium at $100K+, for US Managed Portfolios) and no CAD fees appear on the /ca/halal-invest pages; portfolio management is provided through Corex Financial Inc. - confirm Canadian fees at signup
How it compares
Other investing providers we list in Canada, ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Manzil Wealth Management (this page) | Wealth Management | Formal Board | every province | A |
| Assad Wealth Management Wealth Management | Wealth Management | No Public Review | 10 provinces | — |
| ShariaPortfolio Wealth Management | Wealth Management | Third-Party Certified | 4 provinces | — |
| SPFunds SP Funds S&P World ETF | Index-based | Third-Party Certified | 10 provinces | — |
| Wahed FTSE USA Shariah ETF | Index-based | Third-Party Certified | 10 provinces | B |
Other Manzil products
- TFSA - Tax-Free Savings Account
Investing · Wealth Management
- Personal Account (Non-Registered)
Investing · Wealth Management
- Musharaka Mortgage
Home Financing · Diminishing Musharaka
- FHSA - First Home Savings Account
Investing · Wealth Management
- RRSP - Registered Retirement Savings Plan
Retirement · Wealth Management
- Business Account (Non-Registered)
Investing · Wealth Management
- LIRA - Locked-In Retirement Account
Retirement · Wealth Management
- RESP - Registered Education Savings Plan
Investing · Wealth Management
- Murabaha Mortgage
Home Financing · Murabaha
- Manzil Wills - Islamic Will
Wills & Estate Planning · Islamic Will
- Joint Account (Non-Registered)
Investing · Wealth Management
- Manzil Russell Halal USA Broad Market ETF
Investing · Index-based
- RRIF - Registered Retirement Income Fund
Retirement · Wealth Management
Where it's available
Manzil lists the Wealth Management as available in every province.
Availability may vary by product and can change; verify with Manzil before applying.
Frequently asked questions
Is the Manzil Wealth Management halal?
Manzil's managed portfolios hold only AAOIFI-screened securities - no bonds, GICs, or interest instruments - with incidental impure income quantified for purification. Product structuring is certified by Manzil's Shariah Supervisory Board (Dr. Contract structure: Wealth Management. Shariah oversight disclosed by Manzil: Formal Board. HalalWallet reports what the provider documents; we do not certify products.
How does the Manzil Wealth Management work?
, 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.
What does the Manzil Wealth Management cost?
Canadian fee schedule not published on manzil.co (crawled 2026-08-05): the platform's pricing page is US-branded ($48/year Core Plan plus 0.40% AUM fee, $0/year Premium at $100K+, for US Managed Portfolios) and no CAD fees appear on the /ca/halal-invest pages; portfolio management is provided through Corex Financial Inc. - confirm Canadian fees at signup
Where is the Manzil Wealth Management available?
Manzil lists this product as available in every province. Availability can change and may differ by province; verify directly with Manzil.
What are the alternatives to the Manzil Wealth Management?
In the same category we also list Assad Wealth Management Wealth Management, ShariaPortfolio Wealth Management, SPFunds SP Funds S&P World ETF. Compare every option side by side on our Halal Investing hub.
When was this Manzil product information last verified?
HalalWallet last verified the Manzil Wealth Management details against Manzil's published materials on 2026-09-29. Rates, fees, and availability can change after that date.
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-29
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.