A new Islamic finance platform is revolutionizing the Canadian market

Manzil Wealth, a major player in Islamic finance in Canada, launches the first Sharia-compliant digital wealth management platform. This innovation is accompanied by the acquisition of Canadian Islamic Wealth, a Manitoba specialist in halal investment.

This initiative, which marks a turning point in the Canadian financial sector, offers a complete range of services respecting the principles of Islamic finance: halal investments, interest-free real estate loans and wealth management advice. “We are setting a new benchmark in ethical wealth management,” says Dr. Mohamad Sawwaf, CEO of Manzil. Jesse Reitberger, founder of Canadian Islamic Wealth and new senior advisor at Manzil Wealth, joins the adventure: “This merger transforms the landscape of Sharia-compliant financial services in Canada”. The platform particularly targets Canadian Muslim communities while remaining accessible to investors sensitive to ethical finance.

The Toronto company is also opening its platform to financial advisors wishing to offer these services to their clients. It provides them with advanced technological tools and specialized training in Islamic finance.

This initiative responds to growing demand in the Canadian market, where the Muslim community represents nearly 1.8 million people. The Islamic finance sector, which notably excludes investments in alcohol, tobacco and gambling, is experiencing significant expansion in North America, driven by a new generation of investors keen to combine financial performance and ethical principles.