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Manzil Wealth launches Canada’s first halal wealth platform, acquires Canadian Islamic Wealth

Nov 25, 2024•8 months ago

Acquiring Company

Manzil

Acquired Company

Manzil

Financial ServicesFinancial Services

Description

Manzil Wealth, the leading Canadian Islamic digital financial services platform, has launched Canada’s first comprehensive halal wealth management platform and strategically acquired Canadian Islamic Wealth, based in Winnipeg, Manitoba. This strategic move strengthens Manzil’s mission to lead the halal finance industry in Canada by expanding its reach and enhancing its product offerings, providing innovative and client-focused halal financial solutions to the market.

Company Information

Company

Manzil

About

Canadian Islamic Wealth is a well-established halal investment and financial services provider based in Winnipeg, Manitoba. The company has earned a strong reputation for its commitment to ethical investing and helping clients achieve financial success while adhering to Islamic principles.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed