Manzil / Canadian Islamic Wealth 2024
Manzil acquired Canadian Islamic Wealth on November 25, 2024.
- Target
- Canadian Islamic Wealth
- Acquirer
- Manzil
- Announced
- November 25, 2024
- Sub-sector
- Wealthtech
Transaction overview
- Manzil announced the acquisition of Canadian Islamic Wealth on November 25, 2024.
- The deal is expected to close pending customary conditions.
Strategic rationale
Manzil expands Halal wealth management offerings by acquiring Canadian Islamic Wealth's 300 clients and advisory team to launch integrated Sharia-compliant financial platform.
Deal terms & multiples
Frequently asked questions
When did Manzil announce the acquisition of Canadian Islamic Wealth?
Manzil announced the acquisition of Canadian Islamic Wealth on November 25, 2024.
What sub-sector is Canadian Islamic Wealth in?
Canadian Islamic Wealth is tracked in the Wealthtech sub-sector.
Sources
- betakit.com /manzil-launches-halal-wealth-management-solution-following-acquisition-of-canadian-islamic-wealth/