The Purification Process: Ensure Sharia Compliance
To maintain Shariah compliance, dividends earned from non-permissible business activities or interest income must be purified by donating those specific portions to charity.
The Purification Process: Ensure Sharia Compliance
To maintain Shariah compliance, dividends earned from non-permissible business activities or interest income must be purified by donating those specific portions to charity.
The Purification Process: Ensure Sharia Compliance
To maintain Shariah compliance, dividends earned from non-permissible business activities or interest income must be purified by donating those specific portions to charity.
What is purification?
What is purification?
Purification is the cleansing process that requires any investment profit that might have been generated from unlawful activities according to Islamic principles to be given to charity.
Purification is the cleansing process that requires any investment profit that might have been generated from unlawful activities according to Islamic principles to be given to charity.
Why are there unlawful activities in my Halal investments?
Why are there unlawful activities in my Halal investments?
Some publicly traded companies earn minor income from impermissible sources—like bank interest or hospitality and airline services involving alcohol or adult entertainment.
Some publicly traded companies earn minor income from impermissible sources—like bank interest or hospitality and airline services involving alcohol or adult entertainment.
Donating Impermissible Income
Donating Impermissible Income
Our managers calculate purification using AAOIFI standards. While Corex ensures Shariah-compliant investing, shareholders must personally donate any impermissible income.
Our managers calculate purification using AAOIFI standards. While Corex ensures Shariah-compliant investing, shareholders must personally donate any impermissible income.
Client Responsibility and Purification Estimation
Client Responsibility and Purification Estimation
Manzil provides conservative purification estimates; clients must independently donate these amounts and are responsible for all resulting taxes or financial penalties.
Manzil provides conservative purification estimates; clients must independently donate these amounts and are responsible for all resulting taxes or financial penalties.
What are you waiting for?
Start your Manzil Halal investment journey today with portfolio management services provided by Corex Financial Inc.
What are you waiting for?
Start your Manzil Halal investment journey today with portfolio management services provided by Corex Financial Inc.
What are you waiting for?
Start your Manzil Halal investment journey today with portfolio management services provided by Corex Financial Inc.
Products
Build your future, minus the compromise. Discover Manzil’s Sharia-compliant path to prosperity.
Invest
Invest with faith through Shariah-compliant portfolios. Partner with Corex to start or transfer investments today.
Homes
Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.
Wills
Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.
Money
Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.
Products
Build your future, minus the compromise. Discover Manzil’s Sharia-compliant path to prosperity.
Invest
Invest with faith through Shariah-compliant portfolios. Partner with Corex to start or transfer investments today.
Homes
Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.
Wills
Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.
Money
Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.
Products
Build your future, minus the compromise. Discover Manzil’s Sharia-compliant path to prosperity.
Invest
Invest with faith through Shariah-compliant portfolios. Partner with Corex to start or transfer investments today.
Homes
Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.
Wills
Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.
Money
Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.