Fintech Impact

Jason talks to Mohamad Sawwaf, Co-founder and CEO of Manzil. Manzil is a Canadian-based Islamic banking and finance platform. In today’s episode, he is going to talk about Islamic finance and how he is using Fintech as a platform for distributing Islamic finance in schools. Episode Highlights:1.15: Manzil was created to fill the gap of the 1.6 million Muslims here in Canada to get into homeownership and wealth management solutions and start to build their wealth for the first time.5.05: No one is talking about any desire to circumvent the tax code. It is to recognize that the tax code is designed to allow certain things like home purchases to happen in a way that is not going to be punitive from a tax perspective, says Jason. 8.27: Murabaha is a cost-plus situation. Therefore, this is the number one stipulation for entering into these transactions or focusing on asset-backed or asset-based transactions.11.00: There is a massive misconception about recourse on the asset. If you have an asset that has