Aghaz Investments
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Automated investment management for Muslim and values-oriented investors.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Aghaz Investments is founded in Seattle by Khurram Agha as a halal robo-advisor that filters eligible investments based on Sharia guidelines, the first automated goals-based investment advisor for Muslims in the United States.
- Launch
Aghaz launches in February 2021, adding hundreds of customers and more than $1 million in assets under management within two months, despite the pandemic forcing the cancellation of its planned in-person launch.
- Acquired by Manzil
On November 4, 2024, Manzil, Canada's leading provider of halal financial solutions, agrees to purchase Aghaz's investment advisory license and technology; former CEO Khurram Agha joins Manzil to lead its U.S. operations, and the assets are transformed into Manzil Invest USA, a rebranded mobile-first platform.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.