Owning the shop, clinic, or warehouse you already operate is a different purchase from a house. The down payment on a conventional commercial mortgage is often the blocker, and the contract is interest. Ijara Community Development finances that building in Canada from $250,000 to $5 million, with 5 to 10 percent down.
Amortization can run up to 25 years. Property types include warehouses, offices, restaurants, branded gas stations, and flagged hotels. The same program can cover a refinance, buying a business, inventory, equipment, working capital, and tenant improvements. It is available in every province and territory. See the provider page and the business financing hub.
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Who It Is For
This is Business Premier, Ijara's program for a company buying the building it works in. A national-tenant investment property of $2 million or more is Investor Gold, not this program. A $20,000 equipment need is too small.
- The business will occupy the building, or you are refinancing that building
- You need $250,000 to $5 million
- You can put 5 to 10 percent down
- You want a term measured in decades, not a short operating line
Premier in Canada
| Item | Business Premier |
|---|---|
| Amount | $250,000 to $5 million |
| Down payment | 5 to 10 percent |
| Amortization | Up to 25 years |
| Buildings | Warehouse, office, restaurant, branded gas station, flagged hotel |
| Also | Refinance, acquisitions, inventory, equipment, working capital, renovations |
| Where | All provinces and territories |
| Structure | Trust-based ijara |
The quote is individual. Ijara does not publish a profit rate. Mufti Muneer Akhoon chairs the Sharia review. A wider look at the same desk is in Ijara small business financing in Canada.
What Manzil Does Not Do
Manzil finances homes and invests. It is not the lender for a restaurant building. For a leased commercial property with a national tenant, Ijara's Investor Gold program starts at $2 million with 20 to 25 percent down. For a smaller, faster business advance with no named scholar, Muevmnt quotes $5,000 to $500,000 and leaves the contract type unnamed. Read that offer before you treat it as the same product.
A Quick Example
A $2 million clinic building at 10 percent down needs $200,000 from the practice. At 5 percent it needs $100,000. Both are inside the $250,000 to $5 million range, and 25 years is available if the quote supports it. A $2 million building leased to a national tenant that you will not occupy is Investor Gold, with 20 to 25 percent down, not this 5 to 10 percent program.
A restaurant renovation can ride along as a tenant improvement. So can equipment. Do not invent a building purchase to finance a $30,000 oven. The minimum is $250,000. Under that, you are looking at a different product, including Muevmnt's smaller range if you accept that no scholar is named.
Ask Ijara for the all-in cost on your address. There is no posted rate. Bring the offer, the company documents, and a sentence on how the business uses the space. Manzil will not quote this. Comparing Manzil's home rate to a warehouse is a wasted week.
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Frequently Asked Questions
Can I buy my company's building with halal financing in Canada?
Yes. Ijara CDC's Business Premier program covers $250,000 to $5 million in every province and territory, with 5 to 10 percent down.
How long can the financing run?
Up to 25 years of amortization.
What buildings qualify?
Warehouses, offices, restaurants, branded gas stations, and flagged hotels. Equipment, inventory, and tenant improvements can be included.
Does Manzil finance commercial buildings?
No. Use Ijara for this purchase. Manzil is for homes and investing accounts.
Is there a published rate?
Compare providers in your province
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
No. Ijara quotes Business Premier file by file.
