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).