Manzil Investment Advisors, a subsidiary of Manzil, a Canadian Islamic fintech startup, has recently introduced Manzil Invest USA in collaboration with Alpaca.

Strategic Partnership with Alpaca

Alpaca is recognized as a self-clearing broker-dealer and brokerage infrastructure API offering Shariah-compliant financial products. This strategic partnership has enabled Manzil Investment Advisors to introduce a new digital platform, specifically designed to cater to the needs of the American Muslim community.

Manzil Invest USA provides access to pre-determined halal investment strategies that align with Islamic and ethical investing principles. The company screens all securities using AAOIFI standards and the AFSC criteria, ensuring compliance from both a Shariah and an ethical standpoint.

Currently, the platform is available on both the Apple App Store and Google Play Store, making it convenient for users to access.

Simplifying Investment for Muslim Americans

Manzil aims to simplify investing by offering managed and diversified portfolios that align with investors’ investment objectives and risk tolerance. This approach is particularly beneficial for individuals who are new to public equities, as it helps mitigate the complexities they might face.

In addition to providing a user-friendly platform, Manzil Invest USA offers educational resources that empower users to make informed financial decisions and plan for their future. This initiative was driven by the growing demand from Muslims living in the U.S., who often feel excluded from mainstream financial tools and opportunities.

Alpaca officials emphasized that their partnership with Manzil underscores their commitment to fostering financial advancement and accessibility. By supporting Manzil’s objectives for inclusive finance, Alpaca aims to deliver Shariah-compliant investment opportunities for Muslims in the United States.