logo
logo

Manzil Acquires Muslim Will, A Canadian Halal Digital Wills Platform

May 31, 2022•about 3 years ago

Acquiring Company

Manzil

Acquired Company

Muslim Will

Financial Services

Description

Manzil, an Islamic FinTech, announced today its 100% acquisition of Muslim Will Solutions Inc., a Canadian digital Islamic wills platform for an undisclosed all-cash deal. This acquisition will not only expand Manzil’s product shelf but will assist more Canadian Muslims to create their final will in a manner that is accessible, reliable and in accordance with their spiritual and religious beliefs.

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