Tjara Halal Financing vs Muevmnt: Which One to Call (2026)

Tjara Halal Financing and Muevmnt Financial are often searched together but sell different things. Tjara, headquartered in Mississauga, Ontario, is a home and commercial financing referral company using a Declining Balance Co-ownership contract, available in every province through funding partners, with an Ethical Advisory Board of five named scholars. It offers auto financing only as an add-on secured by home equity. Muevmnt, based in Edmonton, Alberta, is a direct auto and business financier: auto financing up to $50,000 with 0% down over 6 to 60 months and business financing from $5,000 to $500,000, available nationwide, with no Shariah board or scholar named on its site. If you need a car, call Muevmnt. If you need a house or a commercial property, call Tjara.

Head office, reach and who actually funds the deal

Tjara Halal Financing lists its head office at Suite 205, 2645 Skymark Avenue, Mississauga, and its FAQ says it offers its product in all provinces in Canada. Tjara is explicit that it is a referral agent: its funding partners provide the money, those partners are regulated as mortgage lenders in Ontario (the FAQ still cites the Financial Services Commission of Ontario, now FSRA), and Tjara's role is to structure the contract, run the Ethical Advisory Board and connect you to a licensed mortgage broker, a preferred real estate agent and a closing lawyer. Tjara describes itself as a non-profit organization and says its partners have agreed in writing not to profit from late payments.

Muevmnt Financial is a direct lender from Edmonton whose homepage headline reads 'Interest-Free Business and Auto Financing' and says Shariah-compliant business and auto financing is now available nationwide. There is no broker layer; you apply online or call (587) 855-7668, receive an approval and get funded, which is the three-step process the site describes. Muevmnt also runs a small-business consulting arm. Our Muevmnt review and Tjara review cover each company alone; this page is the pairing.

Products and structures, as each site publishes them

Tjara's structure is worth spelling out because it is the same model Guidance Residential uses in the United States, which Tjara's FAQ says it closely follows. You and the funder buy the property together; you hold legal title; each monthly payment contains an acquisition portion that buys out the funder's share and a usage portion for exclusive occupancy of the funder's share. The usage portion falls as your share grows, the acquisition portion rises to keep the payment level, and you keep all capital gains on sale through a built-in buyout mechanism. Tjara's FAQ gives the example of a $300,000 home with $30,000 down, a five-year contract, and the full $50,000 gain on a $350,000 sale going to the client. Our halal mortgage contract guide explains the clauses to read.

Muevmnt publishes far less about structure. The homepage says auto financing uses asset-backed agreements and profit-sharing models instead of interest-based loans, and business financing uses profit-sharing and asset-based models, without naming Murabaha, Ijara or Musharakah or publishing a contract. Its application form asks for vehicle type (car, truck, SUV, wagon), purchase timing and a budget band from $10,000 to over $40,000. Vehicle age limits, private-sale eligibility and whether used vehicles qualify are not stated on the homepage, so ask before you shop.

Pricing: what is published and what is quote-only

Neither company publishes a profit rate, so both are quote-only in Canadian dollars. Tjara says its rates are competitive with the big banks and that it adds nothing on top of what the funding partner offers, with one published fee: if you do not use Tjara's recommended real estate agent, a one-time administration fee of 1% of the amount financed applies. Prepayment is allowed with an administration charge the FAQ calls minor; late fees are collected and donated to charity; and buyers putting down less than 20% must pay CMHC insurance as with any Canadian mortgage. Ask Tjara's product advisor for the current profit rate, the prepayment fee schedule and the funder's name before you sign a pre-approval.

Muevmnt publishes ranges and limits rather than prices: $5,000 to $500,000 for business, up to $50,000 for auto, up to 75% loan-to-value, 6 to 60 month terms and 0% down. It does not publish a mark-up, a total cost example or a fee schedule. Our provider verdict on Muevmnt calls these published terms genuinely useful, and they are, but the number that matters, the total amount you will repay on a $35,000 car over 48 months, has to come from the approval letter. Compare that figure against a conventional dealer quote only after both are expressed as total cost, as the auto financing hub shows.

Shariah governance exactly as stated

Tjara's team page lists an Ethical Advisory Board of Prof. Dr. Mohamad Akram Laldin, Dr. Aznan Hasan, Mufti Muhammad Muaz Ashraf Usmani, Shaikh Abu Abdus Salam and Dr. Mufti Waqar Yousufi, the last described as resident Shariah advisor and head of Shariah compliance. Its FAQ says the product meets AAOIFI requirements for a partnership contract, that the fatwa was granted by international scholars and is available on the website, and that the board under Dr. Aznan Hasan's supervision conducts yearly audits. Our provider verdict calls Tjara the most seriously governed halal financing operation in Canada's small-provider tier, and the published board is the reason.

Muevmnt's homepage and apply pages name no scholar, board, fatwa or standard. The company describes its financing as Sharia-compliant and interest-free, and client testimonials on the site praise the process, but there is nothing a reader can check. That does not mean the contract is non-compliant; it means the burden is on you to ask for the contract and have a scholar you trust read it before you sign. If Muevmnt provides a fatwa on request, ask for the scholar's name and date.

Process and turnaround

• Tjara home purchase: book a call on tjara.ca/meeting, complete the application, get connected to the partner mortgage broker for pre-approval (pre-qualification needs no credit check), then shop with Tjara's preferred agent or your own.
• Tjara timing: financing approval in 3 to 5 business days once documents are in, a typical file closing 3 to 4 weeks after a complete application, and most mortgage transfers finished in a few days.
• Tjara closing: you sign the Declining Co-ownership Partnership Agreement with Tjara and the funder's legal documents with the closing lawyer; closing costs of 3% to 4% of price are suggested as a budget.
• Muevmnt auto: apply online or by phone with vehicle type, budget band and timing, receive an approval, then get funded; the site does not say whether you choose any dealer or private seller, so confirm.
• Muevmnt business: same three steps, with financing from $5,000 to $500,000 for Shariah-compliant industries only.

Verdict by province and by purchase

An Ontario buyer purchasing a home or refinancing a conventional mortgage should call Tjara first: it is local, its board is published, it will transfer an existing mortgage, and the 1% administration fee is avoidable by using its agent. The same Ontario buyer looking for a car should not call Tjara unless they own a home with equity and are comfortable securing a vehicle against it, which most should not be; they should get a Muevmnt quote and compare it with IjaraCDC's vehicle lease, as in our IjaraCDC versus Muevmnt comparison.

An Alberta buyer has the reverse situation. Muevmnt is in Edmonton, serves the province directly and is the obvious first call for a car up to $50,000 or a business facility up to $500,000; our Alberta car financing guide lists the dealer channels too. For an Alberta home, Tjara's all-province claim means it will take the application, but ask which funder closes in Alberta and whether its lawyer panel is local. A reader elsewhere in Canada should apply to both for their respective products, since each claims national reach, and should get the funder's name in writing from Tjara and the contract in writing from Muevmnt before relying on either. For commercial property, Tjara is the only one of the two with a published product; for business working capital, Muevmnt's published $5,000 to $500,000 range is the quicker path, and the business financing hub compares the alternatives. Facts checked against tjara.ca, muevmnt.com on September 16, 2026.

Frequently asked questions

Does Tjara offer halal car financing?

Only indirectly. Tjara's FAQ lists auto finance together with debt relief as something it can arrange using house equity, not as a standalone vehicle product. Its core products are home financing, refinancing, commercial real estate, business and franchise financing under a Declining Balance Co-ownership contract. For a car on its own, Muevmnt or IjaraCDC are the direct options.

Is Muevmnt Financial Shariah-certified?

Muevmnt's site describes its auto and business financing as Shariah-compliant and interest-free but names no scholar, board, fatwa or standard. Ask for the contract and any fatwa before signing, and have a scholar you trust review the profit calculation and what happens on late payment or early payoff. Published limits are useful; published governance is absent.

What does Tjara charge?

Tjara says it charges nothing above the funder's rate when you use its preferred mortgage agent and real estate agent, and a one-time 1% administration fee on the amount financed if you use your own real estate agent. Profit rates are quote-only and described as competitive with the big banks. Prepayments carry a minor administration fee, late fees go to charity, and CMHC insurance applies below 20% down.

How fast can each company fund?

Tjara says financing approval takes 3 to 5 business days once your documents are complete and a typical home file closes 3 to 4 weeks after a full application, with mortgage transfers often done in days. Muevmnt describes a three-step apply, approve, fund process but publishes no timeline, so ask when you apply how long approval and dealer payment take.

Can I use Tjara or Muevmnt outside Ontario and Alberta?

Both say yes. Tjara's FAQ states it offers its product in all Canadian provinces through its funding partners, and Muevmnt's homepage says its business and auto financing is available nationwide. In practice confirm which funder or lawyer closes in your province, and for Quebec ask specifically, since notarial closings and the AMF regime differ from the rest of Canada.

Which is better for a small business?

For working capital or equipment between $5,000 and $500,000, Muevmnt publishes the range and loan-to-value and lends directly, so it is faster to quote. For buying commercial property or a franchise with real estate attached, Tjara's commercial product with its published scholar board is the stronger fit. Both are quote-only on price, so request total cost in writing from each.