Manzil Wealth Management

Halal Investing in Louisiana

Manzil's US managed investing service is live: Manzil Investment Advisors, LLC (SEC-registered, Dallas) runs fully managed, Shariah-certified robo portfolios built from AAOIFI-screened halal ETFs, sukuk, REITs, and gold and silver ETFs across three risk profiles, with automatic rebalancing and continuous compliance monitoring that removes and replaces holdings that fall out of compliance. Pricing is a 0.40% AUM fee plus a $48/year subscription waived at $100,000; accounts start at a $100 asset minimum across Individual, Traditional IRA, and Roth IRA types, with custody at Alpaca Securities (SIPC-protected).

Manzil's US managed portfolios have quietly become one of the cheaper full-service halal robos: 0.40% plus $48 a year, with the subscription disappearing at $100K - undercutting Wahed's 0.49% + $60 at most balances. The portfolios are properly diversified for a faith-constrained mandate (halal ETFs, sukuk, REITs, precious-metals ETFs), compliance is monitored continuously, and the AAOIFI-anchored governance carries published certificates. Two things temper enthusiasm. The flat $48 makes small accounts expensive in percentage terms - fund it seriously or wait. And the paperwork lags the website: the filed Form ADV still shows a $2/month + 0.49% schedule, so confirm the fee you will actually pay. For US Muslims who want hands-off investing with real Shariah governance at a fair price, it belongs on the shortlist next to Wahed.