The Peak Daily Coming down the pipe 👆- Halal investing is going mainstream, Ottawa and Alberta to reach pipeline deal.
Nov 20, 2025
A Canadian startup is breaking into the $5.4 trillion halal financing market with its new halal ETF on Nasdaq. Halal investing is gaining traction among both Muslim and non-Muslim investors due to its strong performance and growing acceptance. Meanwhile, Ottawa and Alberta are working towards a pipeline deal, putting aside political differences in pursuit of oil transportation. Challenges including environmental concerns and opposition from British Columbia are also explored.
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Halal Investing Hits Mainstream Markets
- Manzil launched a halal ETF on Nasdaq and plans Canadian products, signaling mainstream adoption of Islamic finance.
- Halal funds avoid alcohol, gambling, weapons and interest, creating distinct screened investment opportunities.
Interest-Free Finance Requires Different Structures
- Islamic-compliant financing notably avoids interest-based products, prompting alternative mortgage structures and fees.
- Major Canadian banks and Wealthsimple now offer halal-screened products as assets in the sector expand.
Halal Asset Growth And Performance
- Halal assets doubled to $60 billion from 2013 to 2023, showing accelerating adoption.
- Some studies show Islamic investments can outperform conventional indexes during crisis periods.