Invest in Companies that Align with Your Ethical Values

The OneVest Halal Equity Fund allows you to invest in companies that not only comply with Shariah principles but also align with your broader ethical values. As of February 2024, the OneVest Halal Equity Fund has introduced an additional layer of ethical screening to ensure your investments match both your financial and moral standards.

Our Commitment to Ethical Investing:

We are committed to:

• Promoting Peace:
  We exclude companies involved in the exploitation of occupied territories, including the production of weapons used in attacks on civilians.
• Supporting Sustainability:
  We avoid businesses that contribute to the unjust treatment of indigenous populations or the environmental degradation of occupied lands.
• Upholding Human Rights:
  We prioritize companies that respect the free movement of people and do not participate in discriminatory practices that restrict movement in occupied territories.

The Screening Process:

Manzil works with OneVest to ensure the OneVest Halal Equity Fund adheres to Shariah principles while also supporting higher ethical standards. Our ethical screening goes beyond the traditional AAOIFI framework, thanks to our partnership with the American Friends Service Committee (AFSC), a renowned body dedicated to promoting peace and justice.

What We Screen For:

• Occupation - We exclude companies involved in:
  • Settlement Industry: Supporting or maintaining illegal settlements in occupied territories.
  • Exploitation of Natural Resources: Extracting and exploiting resources from occupied lands in an unsustainable or harmful manner.
  • Wall and Checkpoints: Contributing to systems that severely restrict the movement of people within occupied territories.
  • Weapons and Military Equipment: Manufacturing or providing weapons used for war crimes or attacks on civilians.
  • Discrimination: Discriminating against indigenous people in occupied territories.
• Borders - We exclude companies involved in:
  • Fortification and Militarization: Building or maintaining physical barriers, armed presences, or surveillance systems designed to restrict the movement of people, especially those from the global South.
  • Exploiting Unequal Situations: Taking advantage of discriminatory legal situations in occupied areas for commercial gain.

How the Screening Works:

1. Universe Selection:
   The process starts with identifying companies that meet the AAOIFI Shariah guidelines.
2. AFSC List Retrieval:
   We retrieve the latest list from the AFSC, which flags companies for involvement in activities related to occupation and border surveillance.
3. List Merging:
   We then combine the AFSC list with the initial universe of Shariah-compliant companies, removing any companies flagged by the AFSC.
4. Investment Selection:
   Using this combined list, we select companies that meet both the ethical guidelines set by Manzil and OneVest, ensuring that your investments align with your values.

Invest with Confidence:

By investing in the OneVest Halal Equity Fund, you can be assured that your investment is not only Shariah-compliant but also aligned with your ethical values. Your contributions will support businesses that promote peace, human rights, and sustainability while avoiding those that engage in activities that contribute to conflict or oppression.

Disclaimer: 

Questions regarding  changes to your portfolio or account management must be directed to OneVest. Manzil offers educational resources, but OneVest handles all financial transactions and account-related activities.

As with any investment, there are inherent risks, including potential market fluctuations. Please review your financial situation and risk tolerance before proceeding with any investments.

Manzil Invest is a strategic partnership between Manzil and OneVest Management Inc (“OneVest”). OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest Management Inc. is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. OneVest will determine what investments are suitable for you.