Investor Gold exists because a fully leased commercial building is a different deal from a house or a small shop. Lenders like a national tenant with a real credit rating, and they will finance a large building if that lease is already in place. Most of that market still charges interest. Ijara Community Development offers a halal version for those buildings in Canada.
The program covers $2 million to $20 million, with 20 to 25 percent down and amortization up to 20 years. Non-recourse financing is available on the right file. It is offered in every province and territory. Read the Ijara provider page and the business financing hub.
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Who It Is For
This is for investors who already have, or are buying, a stabilized building leased long term to a national tenant. A corner plaza with a credit-rated grocer fits. A vacant warehouse you hope to lease later does not.
- The tenant is national and has a credit rating, or something equivalent
- The lease is long term, not month to month
- The financing need is $2 million to $20 million
- You can put 20 to 25 percent down
How Investor Gold Compares
| Item | Investor Gold | A smaller commercial file |
|---|---|---|
| Size | $2 million to $20 million | Often under $2 million |
| Down payment | 20 to 25 percent | Often higher on empty buildings |
| Term | Up to 20 years | Varies |
| Tenant | Long-term national tenant | Local or vacant is harder |
| Recourse | Non-recourse available | Personal guarantees are common |
| Where | All provinces and territories | Check the provider |
The building is financed through a trust-based ijara. You are not signing a conventional mortgage and then calling it halal. Ijara works with a large set of commercial funding sources, and the quote is individual. Mufti Muneer Akhoon chairs the Sharia review.
If the Building Is Smaller
Manzil finances homes and runs investing accounts. It is not the desk for a $2 million commercial building. For shops, offices, and other commercial property, see halal commercial real estate financing in Canada. If the building is the one your own company will occupy, Ijara's Business Premier program starts at $250,000 with 5 to 10 percent down. Owner-occupiers can also read Ijara small business financing.
A Quick Example
A $10 million building at 20 percent down needs $2 million in equity. At 25 percent down it needs $2.5 million. Both are inside the program, and 20 years is the longest amortization Ijara publishes here. A $1.5 million plaza is below the $2 million minimum, so it belongs on a smaller commercial quote even if the tenant is a national chain.
Non-recourse, when it is offered, means the building is the collateral and a personal guarantee is not automatic. Ask for that in the quote. Do not assume every Investor Gold file is non-recourse. The lease still has to be long term, and the tenant still has to carry a credit rating or something Ijara treats as equivalent.
Have the lease, the rent roll, and the purchase contract ready before you ask for a number. Ijara does not publish a profit rate. The only price you can compare is the all-in quote on that building.
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Frequently Asked Questions
What is halal Investor Gold financing?
It is Ijara CDC's commercial program for buildings leased long term to national tenants with a credit rating or the equivalent. Financing runs from $2 million to $20 million.
How much down payment do I need?
20 to 25 percent. Amortization can run up to 20 years, and non-recourse is available on qualifying files.
Is Investor Gold available in my province?
Yes. Ijara offers it in every province and territory.
Can the building be vacant?
No. The program is for properties already leased long term to a national tenant. A vacant building belongs on a different commercial quote.
Does Manzil do this?
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.
Manzil is a home financing and investing provider. Use Ijara for Investor Gold.
