Manzil Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Operates as a faith-based financial services provider whose activities are reviewed by Islamic scholars and aligned with recognized Sharia standards.
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HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
Manzil - At a Glance
3
Products Reviewed
50
States Served
1
Category
2017
Founded
Shariah Compliance Review
Oversight Level
Formal Shariah Board - highest level of independent oversight
Manzil’s products are reviewed by both an in-house Shariah Supervisory Board and external scholars, and they state they adhere to AAOIFI standards to ensure all financing and investment offerings remain halal.
Shariah compliance should always be verified directly with Manzil. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Bottom Line
Review the products listed above and compare Manzil with other providers. Confirm terms and Shariah documentation directly with Manzil.
Products from Manzil
Manzil
Wealth Management
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).
Opens provider site - no obligation
Manzil
Manzil Russell Halal USA Broad Market ETF
The Manzil Russell Halal USA Broad Market ETF (MNZL) is a passive Nasdaq-listed fund tracking the Russell IdealRatings Manzil Halal USA Broad Market Index - an AAOIFI-compliant screen of the broad US market with an added human-rights overlay using American Friends Service Committee criteria. At 0.40% it carries the lowest expense ratio of any US halal equity ETF, and with roughly 490 holdings it is also the broadest. The catch is youth and size: inception was November 18, 2025, and net assets were $25.31M at the 2026-08-04 fund page check.
Opens provider site - no obligation
Manzil
Manzil Trading (Self-Directed Halal Stock Trading)
Manzil Trading, launched July 14, 2026, is Manzil Invest USA's self-directed brokerage: trade individual US equities and ETFs where every stock in the universe is pre-screened against AAOIFI standards through an embedded Zoya integration, so non-compliant names simply cannot be traded. Manzil's founder describes it as a halal version of Robinhood and claims it is the first all-in-one halal trading app launched in North America, replacing the old workaround of running a screening app alongside a regular brokerage. It includes fractional shares from $100, real-time compliance monitoring with alerts when a holding's status changes, integrated Zakat and purification calculators, and no interest paid or fees charged on uninvested cash. Brokerage execution and custody are through Alpaca Securities LLC (FINRA member, SIPC coverage up to $500,000); advisory services sit with SEC-registered Manzil Investment Advisors (Dallas). Also live in the UK, UAE, Saudi Arabia, Qatar, and Bahrain.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Halal verdicts for Manzil's funds
Our AAOIFI-based Shariah screen - business activity, financial ratios, purification, and where scholars differ - for the specific funds Manzil offers.
Where Available
Based on listings we track, Manzil operates nationwide across the U.S.:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Manzil.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Manzil is in HalalWallet's independent directory for Investing, with listings covering nationwide across the U.S.. Structures we list: Wealth Management, Index-based, Self-directed brokerage with real-time AAOIFI screening (Zoya). Confirm terms and Shariah documentation directly with Manzil.
- Manzil currently has 3 products in our listings (Investing).
- Coverage we list: nationwide across the U.S..
- Contract structures we list: Wealth Management, Index-based, Self-directed brokerage with real-time AAOIFI screening (Zoya).
- Always verify compliance directly with Manzil and consult qualified Islamic finance advisors when needed.
- Compare Manzil with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.us)
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Manzil offer?
Manzil has 3 products we currently list across 1 category. Structures we list: Wealth Management, Index-based, Self-directed brokerage with real-time AAOIFI screening (Zoya). Review the products listed above for current offerings. Confirm terms directly with Manzil.
How does Manzil ensure Shariah compliance?
Review Manzil's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Manzil and consult with qualified Islamic finance advisors for guidance on specific products.
Is Manzil available in my state?
Manzil operates nationwide across the U.S., though specific products may have regional limitations. Always verify current availability directly with Manzil.
Are Manzil's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Manzil?
Visit Manzil at www.manzil.co, or use the product links on this page.
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