Manzil operates a tech-enabled, Halal-certified (ethical) neo-financial services platform offering home financing and yield-generating investment products. Its core offerings include ethical mortgage programs and the Manzil Mortgage Fund, a Canadian-based Halal and ethical fixed-income fund available through CI Direct Investing. Since launch, Manzil has self-financed dozens of mortgage transactions using capital from thousands of retail investors. The company reports a waitlist of 10,000+ families representing over USD$4B of mortgage financing demand, growing at roughly USD$120M+ per month. Manzil is registering its mortgage brokerage to serve Canadians country-wide and plans to expand its platform into the US and UK in the coming year. The company positions itself as the only North American platform that abides by diverse ethical and religious finance principles to serve faith-based and ethical investors.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022