Manzil

Manzil in its $1.15 million Seed round

Client

Manzil

Value

$1.15 million

Service

Emerging and High Growth Companies

Date Closed

July 2019

Industry

Venture Capital

Lead Office

Toronto


On July 14, 2019, Manzil completed its $1.15 million Seed financing round led by FCT Holdings Ltd., Sharia Portfolio Canada, and Henon Capital. Manzil will use this financing to commercialize a 25-year rate Halal mortgage, which is a first in Canada.

Manzil is a privately-held Canadian company offering Shariah-compliant Alternative Financial Products, specializing in Islamic Finance, Lending, Investments, and Insurance. It was founded in 2017 and is headquartered in Toronto.

Osler, Hoskin & Harcourt LLP advised Manzil with a team consisting of Chad Bayne, Justin Dharamdial and Isaac da Silva Aboo (Emerging and High Growth Companies).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Isaac DaSilva Aboo

Isaac da Silva Aboo

Associate, Emerging and High Growth Companies