Manzil musharaka is the pick if you want diminishing partnership and you are in Ontario, British Columbia, Alberta, or Saskatchewan. Manzil murabaha is the pick if you want a cost-plus resale and you are in Ontario. Murabaha on the record is CAD $100,000 to $1,500,000 with a 20 percent minimum down payment. It is not available in Alberta or BC on this list. Ijara Community Development is the ijara path in 10 provinces. Start on the home financing hub and the Manzil provider page.
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The Two Manzil Home Contracts
| Fact | Musharaka | Murabaha |
|---|---|---|
| Provinces | Ontario, British Columbia, Alberta, Saskatchewan | Ontario only |
| Structure | Buyer and Manzil purchase as partners. Buyer holds title. Payments buy back units and pay profit on the remaining share | Manzil purchases and resells at an agreed profit. Fixed instalments. No interest on the record |
| Published size / down | Not restated as a dollar band on this row | $100,000 to $1,500,000. 20 percent minimum down |
If you are in Quebec or Atlantic Canada, neither Manzil home contract lists you. Use Ijara CDC ijara. Related: Ijara CDC vs Manzil.
Frequently Asked Questions
Can I get Manzil murabaha in Calgary?
No. Murabaha is Ontario only. Calgary is Alberta. Alberta is on the musharaka list, not the murabaha list.
Can I get Manzil musharaka in Toronto?
Yes. Ontario is on the musharaka list. Ontario is also the only murabaha province. Quote both if you want the structure choice.
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Is 5 percent down available on Manzil murabaha?
Not on this record. Murabaha publishes a 20 percent minimum down payment.
Which is cheaper?
Manzil does not publish a public rate sheet on this page. Compare written quotes. Add an Ijara CDC quote if you want ijara.
Bottom Line
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See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
Musharaka in four provinces. Murabaha in Ontario only, 20 percent down. Everywhere else on the 10-province list, use Ijara CDC.
