Manzil
4.4
(234 reviews)Modern Islamic fintech for home financing and wealth management.
Reviewed by Fair Meridian: February 2026
Profit Rate
7.1% – 7.8%
Min Down
20%
States Served
7 States
Overall Rating
4.4/5
About Manzil
Modern Islamic fintech offering interest-free home financing and ethical wealth management. Manzil uses blockchain technology to provide transparent Sharia-compliant financial products to US residents.
Founded2020 (6 years in business)
Sharia CertificationAAOIFI
Certified Since2020
HeadquartersNew York, NY
NMLS License#1925076 — Verify on NMLS ↗
Fair Meridian Analysis
Manzil occupies a unique position among US Islamic finance providers: it is the only provider building toward a genuinely integrated Islamic neobank experience — investing, mortgages, banking, and wills under one platform.
The neobank vision: Existing US Islamic finance providers are specialists — Guidance Residential does mortgages, Wahed Invest does investing, Devon Bank does banking. None of them connect these services into an integrated digital experience. Manzil's explicit goal is to be the halal Wealthsimple — an app where a Muslim American can manage their entire financial life in one Sharia-compliant place.
The AAOIFI + AFSC dual screening: Manzil uses both AAOIFI standards and the American Friends Screening Committee (AFSC) criteria — making it one of the few US halal investing platforms with dual-certification. This extra layer of screening gives Manzil additional credibility with Muslim investors who are skeptical of single-standard compliance claims.
The Canadian proven model: Manzil's Canadian operations have crossed $100M CAD in AUM with halal mortgages operating in four provinces. This institutional track record and operational expertise distinguishes Manzil from US-only startups building halal finance from scratch.
Who is Manzil best for? Manzil is best for US Muslim investors who want a modern digital-first halal investing experience, investors who want to support a platform with an ambitious integrated Islamic finance vision, and Canadian Muslims relocating to the US who already know the brand.
Analysis updated: February 2026
Products & Financing Structures
mortgageinvesting
Interest-Free Home Purchase Plan
Digital-first diminishing musharakah home financing with transparent profit rates.
Profit Rate: 7.1%–7.8%Min Down: 20%Terms: 15, 20, 25, 30 years
Halal Investment Portfolios
Sharia-compliant investment portfolios managed by ethical investment professionals.
Profit Rate: 4%–8%0Terms: 1, 3, 5 years
Sharia Compliance: All products are structured to avoid Riba (interest), Gharar (excessive uncertainty), and Maysir (speculation) in accordance with Islamic jurisprudence.
Independent Rating Breakdown
Overall Score
4.4
Sharia Compliance
4.7
Transparency
4.6
Customer Service
4.2
Rate Competitiveness
4.1
👍 Recommended
Manzil scores highly on Sharia compliance verification and product transparency. Independently verified by the Fair Meridian team.
Ratings based on Fair Meridian's independent review process. Not influenced by advertising or provider payments.
Expert Verdict
Manzil is our recommendation for US Muslim investors who want a modern, digital-first halal investing platform with strong Sharia credentials. Its Canadian track record, AAOIFI + AFSC dual screening, and roadmap toward integrated Islamic banking make it one of the most promising new entrants in the US Islamic finance market. Currently investing-only in the US — mortgages coming.
Verdict issued: February 2026
Sharia Advisory Board
Dr. Muzzamil Siddiqi
Senior Sharia Advisor
PhD in Islamic Law
Frequently Asked Questions — Manzil
As of 2026, Manzil offers Manzil Invest USA — a Sharia-compliant investing platform for US investors. All securities are pre-screened using both AAOIFI standards and AFSC criteria. Manzil is actively planning to launch halal mortgages (using Musharakah and Murabaha structures) and eventually an Islamic banking offering in the US, following its proven Canadian playbook.
Manzil was founded in Toronto, Canada in 2017 and is expanding into the United States. Its Canadian operations include halal mortgages in four provinces (British Columbia, Alberta, Ontario, and Quebec) and over $100M CAD in assets under management. The US platform launched with investing as the first product, with mortgages and banking to follow.
Manzil screens all investments using both AAOIFI (the international Islamic finance standard-setting body) standards and the American Friends Screening Committee (AFSC) criteria. AAOIFI provides the core Islamic finance compliance framework. AFSC adds additional ethical screening criteria. Using both standards simultaneously gives Manzil's screening more rigor than providers using a single standard alone.
Manzil has not announced a specific timeline for US halal mortgage launch. The company has stated it will follow 'a similar playbook' to Canada — investing first, then mortgages, then banking. Given that its Canadian mortgage operations are well-established, US mortgage availability could come within 1-2 years. Check Manzil's website for current product availability.
Manzil Invest USA has a minimum investment of $100, comparable to Wahed Invest. This low minimum makes it accessible for US Muslim investors at any income level. Contact Manzil directly or visit manzil.us for current pricing, portfolio options, and fee structure.
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