Your Property the Halal Way with Musharaka
A certified Halal joint partnership agreement in which profits and losses are shared.
Your Property the Halal Way with Musharaka
A certified Halal joint partnership agreement in which profits and losses are shared.
Your Property the Halal Way with Musharaka
A certified Halal joint partnership agreement in which profits and losses are shared.
What is Musharaka Financing?
What is Musharaka Financing?
Manzil Musharaka Mortgage is a 5-year fixed rate product where Manzil and you jointly purchase the property you wish to acquire, becoming partners. Then, Manzil gradually sells parts of its share in the property to you for an agreed price (which may vary from time to time). With every purchase you make, your share in the property increases and Manzil’s share decreases until you become the sole owner of the property.
Manzil Musharaka Mortgage is a 5-year fixed rate product where Manzil and you jointly purchase the property you wish to acquire, becoming partners. Then, Manzil gradually sells parts of its share in the property to you for an agreed price (which may vary from time to time). With every purchase you make, your share in the property increases and Manzil’s share decreases until you become the sole owner of the property.
Why is it Halal?
Why is it Halal?
Musharaka is Halal because it replaces interest-bearing loans with a joint-ownership partnership. By sharing risk and ownership, Manzil ensures a fair, ethical financing model that aligns with Islamic principles.
Musharaka is Halal because it replaces interest-bearing loans with a joint-ownership partnership. By sharing risk and ownership, Manzil ensures a fair, ethical financing model that aligns with Islamic principles.
Get started today by following these four simple steps to secure your future
Step 1
Apply for a Musharaka Mortgage
Agree to our Shariah-compliant terms and submit your secure pre-application form online to start your interest-free journey.
Step 2
Choose your Finance Type
Select the plan that fits you best, whether you are buying a new home, transferring, or refinancing.
Step 3
Enter a Partnership Agreement
Manzil enters a joint-ownership partnership with you, where both parties own shares based on their initial capital.
Step 4
Gradually Increase your Equity
Buy Manzil’s shares over time until your ownership increases and you become the sole owner of the property.
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.
Finance Your Home Through Manzil
Finance Your Home Through Manzil
End-to-end Shariah compliance
Fixed or variable financing rates with terms up to 25 years
Competitive Rates
It’s Easy to Apply
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.
Having struggled with outdated finance spreadsheets in the past, I can confidently say that this finance template is a breath of fresh air. Its modern interface and well-organized tabs make navigation a breeze. Additionally, the template's built-in error-checking features give me peace of mind, ensuring accurate calculations and reports.
Jennifer W.
Being a busy professional, I needed a Finix that could handle complex financial calculations without being overly complicated. This template exceeded my expectations! Its pre-built formulas and functions are powerful yet easy to use. Whether I'm analyzing investment opportunities or creating financial reports.
David S.
I manage a small business, and this finance template has been a game-changer for us. It's incredibly user-friendly, even for those of us who aren't financial experts. The Finix clear visualizations and intuitive layout make budgeting and forecasting much more accessible.
John D.
I've used several finance companies in the past, but this one stands out for its versatility. It caters to various financial needs, from personal budgeting to corporate financial planning. The Finix customization options allow me to tailor it to my specific requirements, making it a truly adaptable solution.
Sofia L.
As a financial consultant, I have used numerous finance templates in my career, and I must say that Finix is top-notch! It offers a comprehensive set of tools and features that make financial analysis and reporting a breeze. It has truly streamlined my workflow and saved me countless hours. Highly recommended
Sarah M.
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.