Manzil Invest USA

What Manzil Invest USA does

Manzil Invest USA operates as a Shariah-compliant investment platform targeting individual Muslim investors in the United States. The company is structured as Manzil Investment Advisors, LLC, an SEC-registered investment adviser headquartered in Dallas, Texas with a 12-person team founded in 2024. The platform offers self-directed Halal trading, professionally managed portfolios, tax-advantaged retirement accounts (Traditional and Roth IRAs), and the proprietary MNZL Halal ETF, all filtered through a three-layer Shariah governance framework that adheres to AAOIFI standards with independent external Mufti audits and a Shariah Supervisory Board.

The technology stack is a mobile-first digital platform accessible via native iOS and Android applications and a web interface. Securities execution and custody are delegated to Alpaca Securities as the core brokerage partner. The platform's differentiators are domain-specific compliance tooling — Shariah screening, purification calculation, and the AAOIFI governance process — rather than proprietary AI, quantitative models, or alternative data assets. There are no disclosed patents, no AI/ML modalities, and no API or SDK offerings; the product is a closed consumer app and web experience.

The business model is asset-based advisory fees typical of a registered investment adviser, monetized through managed portfolio fees, ETF management fees on MNZL, and trading-related revenue. Distribution is entirely product-led and self-serve, with customer acquisition driven by the Halal Finance Hub content marketing blog, organic social media (Instagram, LinkedIn, Facebook), and app store presence. There is no enterprise sales motion, no institutional customer segment, and no disclosed funding to date.

Name

Manzil Invest USA

Legal name

Manzil Investment Advisors, LLC

Website

https://manzil.us

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Manzil Invest USA is an SEC-registered investment adviser offering a Shariah-compliant investment platform for individual Muslim investors in the United States, featuring managed portfolios, self-directed Halal trading, and the proprietary MNZL ETF.

Ownership category

akta.pro rank

Product category

Halal Investment Platform (Shariah-Compliant Wealth Management)

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Islamic Private Banking & Wealth (FSABAGAD)

akta.pro secondary industries

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)

Keywords

• Halal investment platform
• Shariah compliant investing
• Islamic wealth management
• Investment advisory services
• Retirement account management

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Investment Advisory Services: Manzil Investment Advisors, LLC provides investment advisory services to clients. The company is a registered investment adviser that charges fees for portfolio management and investment advice. Fee information is available through their disclosure documents including the Client Relationship Summary and Wrap Fee Brochure.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Manzil Invest USA operates a Shariah-compliant (Halal) investment platform that enables individual Muslim investors in the United States to open taxable and retirement accounts, invest in managed portfolios or self-directed halal securities, and access a proprietary ETF. Investment advisory services are delivered through Manzil Investment Advisors, LLC, an SEC-registered investment adviser, while brokerage execution and custody are provided via Alpaca Securities. All offerings are screened and verified under an AAOIFI-aligned Shariah governance framework with independent Mufti audits.

Product overview

Manzil Invest USA operates as a unified halal investment platform offering a comprehensive suite of Shariah-compliant investment products and account types. The core offering includes the Manzil Invest platform with Managed Portfolios, self-directed Halal Trading, and the proprietary MNZL ETF. Users can access these through standard Investment Accounts, Traditional IRAs, and Roth IRAs. The platform is accessible via web and native mobile applications (iOS/Android). All offerings undergo rigorous Shariah compliance verification through an independent Supervisory Board adhering to AAOIFI standards.

Differentiator

Problem solved

Functional benefit

Brands

• MNZL ETF: Halal ETF offered by Manzil Invest.

Products and services

• Manzil Invest Platform

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Acorns: Acorns is a US consumer investing app focused on micro-investing, retirement, and checking products for retail investors. Comparable to Manzil in mobile PLG distribution and IRA offerings, but lacks Halal-specific compliance and Shariah governance infrastructure.
• Robinhood: Robinhood is the dominant US retail brokerage with a mobile-first interface, fractional shares, and IRAs. It competes with Manzil for the same individual investor wallet but lacks Shariah-specific compliance, screening, and Halal ETF offerings.
• Wealthsimple: Wealthsimple is a large Canadian consumer fintech offering self-directed trading, managed portfolios, and retirement accounts. It overlaps with Manzil in product surface (mobile app, managed portfolios, IRAs) but operates at much greater scale and serves a broader (non-Halal-specific) audience.
• Betterment: Betterment is a leading US robo-advisor offering managed portfolios and IRAs with a digital-first experience. Comparable to Manzil in managed-portfolio and IRA product surface, but operates at much greater scale and lacks Shariah-specific compliance infrastructure.

Direct peers

• Sarwa: Sarwa is a digital investment platform serving the MENA region with managed portfolios and self-directed brokerage access. It overlaps with Manzil in product architecture (mobile-first PLG platform, managed + self-directed) and in Shariah-aware offerings for Muslim retail investors.
• Wahed Invest: Wahed Invest is a global Halal investment and savings platform offering managed portfolios, ETFs, and retirement accounts under Shariah supervision. It is the closest direct competitor to Manzil in the US Halal investor segment, with overlapping product set (managed portfolios, IRAs, ETFs) and a similar AAOIFI-style compliance posture.

Emerging players

• Islamicly: Islamicly is a Shariah-screening and investment research tool that helps Muslim investors identify compliant stocks and funds. It is comparable to Manzil in serving the Halal-investor niche with compliance overlay, though its primary focus is screening/research rather than full brokerage execution.
• M1 Finance: M1 Finance is a US retail investment platform combining self-directed brokerage with automated portfolio rebalancing and IRAs. It overlaps with Manzil on account types and self-serve mobile investing, though it does not offer Shariah screening or purification tooling.
• Stash: Stash is a US mobile-first investment and banking platform offering managed portfolios, IRAs, and self-directed accounts to retail investors. It is comparable to Manzil in distribution model (mobile PLG, content-led acquisition) but targets a broader audience without Shariah specialization.

Regional players

• Ethis: Ethis is an Islamic fintech platform operating in Southeast Asia offering Halal investment and real estate crowdfunding opportunities. It is comparable to Manzil through its Shariah-compliance positioning and retail Muslim investor focus, but serves a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/manzilusa
• LinkedInlinkedin.com/company/manzilinvest
• Instagraminstagram.com/manzil.us

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manzil Invest USA