Ijara Community Development core Canadian home financing is ijara wa iqtina in Ontario, Quebec, British Columbia, Alberta, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island. Manzil musharaka is available in Ontario, British Columbia, Alberta, and Saskatchewan. Manzil murabaha is available in Ontario only. If you want ijara in a province Manzil does not list, Ijara CDC is the purchase path on this record. If you want diminishing musharaka in those four provinces, Manzil is the purchase path. Start on the home financing hub.
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Pick-If
| If this is the file | Start here | Do not assume |
|---|---|---|
| Purchase in ON, BC, AB, or SK and you want musharaka | Manzil musharaka. Buyer holds title. Fixed-rate diminishing partnership on the record | That Manzil also runs ijara nationwide. It does not on this page |
| Purchase in Ontario and you want murabaha | Manzil murabaha. Ontario only. 20 percent minimum down. $100,000 to $1,500,000 | That murabaha is available in Alberta or BC. It is Ontario only |
| Purchase in QC, MB, NS, NB, NL, or PE, or you want ijara | Ijara CDC ijara wa iqtina in the 10 listed provinces | That Manzil musharaka covers Quebec or the Atlantic provinces. It does not |
What Each Contract Is
Ijara CDC uses a single-asset trust that buys the home and leases it to you. Payments split between rent on the trust's share and acquisition. Manzil musharaka is a partnership: you and Manzil buy the home, you hold title, and each payment buys back Manzil's units while paying a profit rate on the share not yet owned. Manzil murabaha is a resale: Manzil buys and sells to you at an agreed profit, repaid in instalments. Get the term, amortization, prepayment, and title language in writing. This page does not invent rates.
Frequently Asked Questions
Is Manzil available in Quebec?
Manzil musharaka is not available in Quebec on the live list. Manzil investing accounts are available in every province and territory. For a Quebec house, use Ijara CDC ijara.
Can I use both on the same Toronto purchase?
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Ontario is on both maps. Quote Ijara CDC ijara and Manzil musharaka or murabaha on the same price. Two written quotes beat one brochure.
Is Ijara CDC in the territories?
The core Canadian home product lists 10 provinces. Specialty Ijara CDC programs are published as nationwide. Confirm the program, not the blog, for Yukon, NWT, or Nunavut.
Which is cheaper?
Neither publishes a public rate sheet on this record. Compare the written profit or rent, down payment, and discharge costs.
Bottom Line
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Match structure to province. Ijara CDC for ijara in 10 provinces. Manzil musharaka in four provinces. Manzil murabaha in Ontario only.
