Manzil Wealth launches Halal Wealth Platform & acquires Canadian Islamic Wealth

By Gloria Mathias

Manzil Wealth, an Islamic finance company and a subsidiary of Manzil, has announced the launch of the Manzil Wealth Platform, Canada’s comprehensive halal wealth management solution.

This platform is designed to provide a full suite of Sharia-compliant financial services, offering seamless support for clients seeking ethical and Islamic financial products.

As part of this strategic launch, Manzil Wealth has also acquired Canadian Islamic Wealth, a well-established halal investment and financial services provider based in Winnipeg, Manitoba. The acquisition strengthens Manzil’s mission to lead the halal finance industry in Canada by expanding its reach and enhancing its product offerings.

In addition, Jesse Reitberger, Founder of Canadian Islamic Wealth, will join Manzil Wealth as Senior Wealth Advisor. In this role, Jesse will lead the Manzil Wealth Strategy and drive the company’s mission to provide innovative, client-focused halal financial solutions. His expertise and dedication to ethical investing will play a critical role in the platform’s continued growth and success.

The Manzil Wealth Platform is a groundbreaking solution for financial advisors and clients. It provides access to a complete range of services, including halal investments, Sharia-compliant mortgages, and comprehensive financial planning. The platform is built to address the unique needs of Canadian Muslims, offering transparency, innovation, and client-centric solutions under one roof.

Dr. Mohamad Sawwaf, CEO of Manzil, shared, “The launch of the Manzil Wealth Platform and the acquisition of Canadian Islamic Wealth represent a pivotal moment in Islamic finance in Canada. This platform sets a new standard for halal wealth management, providing advisors and clients with the resources they need to achieve financial success while staying true to their values. We’re excited to welcome Canadian Islamic wealth into the Manzil family as part of this growth.”

Jesse Reitberger, Founder of Canadian Islamic Wealth, added, “Being part of the Manzil Wealth Platform is a game-changer for our clients and advisors. This partnership allows us to offer a wider range of Sharia-compliant services while staying true to our mission of ethical investing. I’m excited about the opportunities this brings for everyone involved.”

The acquisition of Canadian Islamic Wealth ensures that clients will continue to receive the high-quality service they trust, now with access to expanded resources and offerings through the Manzil Wealth Platform.