Murabaha Inc.
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Murabaha Inc. - overview
Established
2017
Location
Toronto, ON, Canada
Primary Industry
Financial Services
About
Based in Toronto, Canada, and founded in 2017 by CEO Mohamad Sawwaf, COO Mohamad Vedut, and CFO Mustafa Elkalza, Murabaha Inc. , doing business as Manzil, operates as an Islamic digital bank that provides halal financing and investment solutions for Islamic people. In May 2022, Murabaha Inc. raised CAD 2.
44 million in seed funding led by THINK Financial, with participation from The Holt Exchange, Innate Capital Partners, and Jasaya Investments. Manzil provides investment solutions such as Registered Retirement Savings Plans (RRSP), RESPs for education, Tax-Free Savings Accounts (TFSA), Personal savings, and investing accounts. The company offers investing solutions related to homes, wills, and cards. In addition, the firm offers a wide range of services, including Zakat, real estate, and purification, for the Muslim community based on Islamic principles.
Manzil also deals in funds such as mortgage funds and equity funds.
Current Investors
THINK Financial , The Holt XChange, Innate Capital Partners
Primary Industry
Financial Services
Sub Industries
Investment Banking, Mortgage Banking, Private Equity
Website
www.manzil.ca
Verticals
FinTech
Company Stage
Angel & Seed
Total Amount Raised
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