Halal Home Financing & Shariah-Compliant Mortgages
Your life’s dreams and goals aligned with your beliefs and values.
Halal Home Financing & Shariah-Compliant Mortgages
Your life’s dreams and goals aligned with your beliefs and values.
Halal Home Financing & Shariah-Compliant Mortgages
Your life’s dreams and goals aligned with your beliefs and values.
What is a Halal Mortgage?
As per Islamic requirements in respect to financing, Manzil’s relationship with the customer is a relation of a seller to a buyer for Murabaha or a partner for Musharaka, and not a lender to a borrower as it is in conventional lending.A lender lends money and is repaid with more money (i.e. interest which is prohibited from a Shariah point of view), while Manzil finances the transaction through buy and sell activities or a partnership, so that there is a profit on the transaction, and not interest (Riba).
What is a Halal Mortgage?
As per Islamic requirements in respect to financing, Manzil’s relationship with the customer is a relation of a seller to a buyer for Murabaha or a partner for Musharaka, and not a lender to a borrower as it is in conventional lending.A lender lends money and is repaid with more money (i.e. interest which is prohibited from a Shariah point of view), while Manzil finances the transaction through buy and sell activities or a partnership, so that there is a profit on the transaction, and not interest (Riba).
What is a Halal Mortgage?
As per Islamic requirements in respect to financing, Manzil’s relationship with the customer is a relation of a seller to a buyer for Murabaha or a partner for Musharaka, and not a lender to a borrower as it is in conventional lending.A lender lends money and is repaid with more money (i.e. interest which is prohibited from a Shariah point of view), while Manzil finances the transaction through buy and sell activities or a partnership, so that there is a profit on the transaction, and not interest (Riba).
What makes it Halal?
What makes it Halal?
Interest-Free (No Riba)
Islamic law prohibits interest as an exploitative practice that creates cycles of unproductive debt.
Interest-Free (No Riba)
Islamic law prohibits interest as an exploitative practice that creates cycles of unproductive debt.
Shariah Governance
Three rigorous layers of internal and external oversight ensure total Shariah compliance and financial integrity.
Shariah Governance
Three rigorous layers of internal and external oversight ensure total Shariah compliance and financial integrity.
Islamic Compliant Transactions
Products use Shariah principles like Murabaha and Musharaka for ethical, partnership-based investment and financing.
Islamic Compliant Transactions
Products use Shariah principles like Murabaha and Musharaka for ethical, partnership-based investment and financing.
Islamic Compliant Transactions
Products use Shariah principles like Murabaha and Musharaka for ethical, partnership-based investment and financing.
Transparent Contracts
Clear, simple contracts meet all regulatory and Shariah requirements with upfront, easy-to-understand terms.
Transparent Contracts
Clear, simple contracts meet all regulatory and Shariah requirements with upfront, easy-to-understand terms.
How is Halal Financing different?
How is Halal Financing different?
While some believe Islamic and conventional finance are identical due to percentage-based pricing, this is a misconception. Percentages are simply a pricing metric; the distinction lies in the underlying contract and the asset-backed nature of the transaction.
While some believe Islamic and conventional finance are identical due to percentage-based pricing, this is a misconception. Percentages are simply a pricing metric; the distinction lies in the underlying contract and the asset-backed nature of the transaction.
Musharaka
Musharaka
The Manzil Musharaka Mortgage is a fixed-rate co-ownership model. You and Manzil purchase the property as partners; you then gradually buy out Manzil’s shares until you achieve sole ownership.
The Manzil Musharaka Mortgage is a fixed-rate co-ownership model. You and Manzil purchase the property as partners; you then gradually buy out Manzil’s shares until you achieve sole ownership.
Our Latest Rates
Our Latest Rates
Explore our most up-to-date halal mortgage rates with flexible terms and transparent profit-sharing. Whether you’re purchasing, refinancing, or transferring, see how Manzil’s Musharaka program can work for you.
Explore our most up-to-date halal mortgage rates with flexible terms and transparent profit-sharing. Whether you’re purchasing, refinancing, or transferring, see how Manzil’s Musharaka program can work for you.
Islamic Compliance Certificate
Islamic Compliance Certificate
Manzil Musharaka Financing Product — Ontario
Our Shariah Supervisory Board (SSB) have carefully reviewed the structuring and documentation of the product and issued a certificate of Shariah compliance.
Manzil Musharaka Financing Product — Ontario
Our Shariah Supervisory Board (SSB) have carefully reviewed the structuring and documentation of the product and issued a certificate of Shariah compliance.
Calculate your payments
See what impacts your monthly payment, how much principal you might pay over your term, and other helpful breakdowns.
Determine your payments
Home Purchase Price
Down Payment (Minimum 20%)
Minimum down payment should be 20% of the purchase price
Financing Rate (ref: manzil.ca/rates)
Financing rate cannot be empty
Financing Term (2-5 years)
Value must be between 2-5
Amortization Period (1-25 years)
Value must be greater than mortgage term
Results
$0
6.99%
Total Mortgage Required
$0
Profit paid over term
$0
Shares acquired over term
$0
Outstanding shares at end of term
$0
View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
Calculate your payments
See what impacts your monthly payment, how much principal you might pay over your term, and other helpful breakdowns.
Determine your payments
Home Purchase Price
Down Payment (Minimum 20%)
Minimum down payment should be 20% of the purchase price
Financing Rate (ref: manzil.ca/rates)
Financing rate cannot be empty
Financing Term (2-5 years)
Value must be between 2-5
Amortization Period (1-25 years)
Value must be greater than mortgage term
Results
$0
6.99%
Total Mortgage Required
$0
Profit paid over term
$0
Shares acquired over term
$0
Outstanding shares at end of term
$0
View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
Got questions?
We can answer them.
Read through our Help Center or reach out to our team to learn more about our products.
Got questions?
We can answer them.
Read through our Help Center or reach out to our team to learn more about our products.
Got questions?
We can answer them.
Read through our Help Center or reach out to our team to learn more about our products.
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.
What our users say
What our users say
Our users are at the heart of everything we do. We are committed to providing them with an exceptional experience and empowering them to achieve their financial goals.
Our users are at the heart of everything we do. We are committed to providing them with an exceptional experience and empowering them to achieve their financial goals.
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I'm a finance student, and Finix has been an invaluable learning tool. It covers a wide range of financial concepts and provides real-world scenarios for analysis. I appreciate how it combines theory with practical application, allowing me to sharpen my financial modeling skills.
Emily R.
We had an excellent experience with Manzil. The team was professional, knowledgeable, and guided us clearly through every step of our home financing process. The entire process was smooth, transparent, and stress-free. We highly recommend Manzil to anyone looking for a trustworthy and reliable service.
Imad I.
Alhamdulillah, we reached a beautiful milestone, and we are grateful for their help. We highly recommend their services to anyone looking for a trustworthy, knowledgeable, and reliable team. Jazakum Allahu Khayran for all your support!
Njoya M.
We were able to buy our first halal home in BC, all thanks to them. May Allah swt bless you and everyone that decides to go with you for their new home! Jazak allahu khayran.
Samreen S.