Halal Business Financing in Toronto, Ontario

IjaraCDC

Non-Profit Financing

A

Sharia-compliant financing for masjids, Islamic schools, and Muslim nonprofit organizations. Established organizations: $300K-$7M, 30% down, up to 20 years with a 10-year balloon, up to 12 months of no payments during construction, no personal guarantees possible. New organizations: $300K-$1M, 30-40% down, personal guarantees required.

IjaraCDC

Small Business Financing

A

Financing for businesses purchasing or refinancing their operating property. Offices, medical/dental practices, restaurants, warehouses, gas stations, hotels. Also covers acquisitions, equipment, inventory, working capital, and renovations. $250K-$5M, ~5-10% down, up to 25 years. Professional practices sub-program: ~5% down, construction/build-outs possible with payment deferral.

IjaraCDC

Multifamily Financing

A

IjaraCDC's multifamily program finances apartment complexes of 8 to 300 units at $1M-$25M with 25-30% down, long amortization terms, and non-recourse options available - one of the only halal routes to institutional-scale multifamily real estate in Canada. The structure is the same trust-based Ijara that underpins IjaraCDC's residential financing, scaled up: a single-asset trust purchases the property and leases it to your organization, with each payment split between rent and an equity buyout until title transfers, funded through a network of 200+ commercial sources.

IjaraCDC

Investor Gold CRE Financing

A

Sharia-compliant commercial real estate financing for well-qualified investors whose properties are leased long-term to national tenants with a credit rating or equivalent (Sharia Investor Gold program). $2M-$20M with only 20-25% down and up to 20 years of amortized financing. Non-recourse available.

IjaraCDC

Commercial Real Estate Financing

A

IjaraCDC's general commercial real estate program finances large stabilized assets - office buildings, retail centers, and industrial properties - from $500K to $20M using a trust-based Ijara structure, with 35%+ equity required and long-term leases in place. A single-asset trust purchases the property and leases it to your organization, splitting each payment between rent and an equity buyout until title transfers, funded through 200+ commercial sources across Canada. It is the highest-equity tier in the lineup; properties with national credit tenants should check the Investor Gold program's materially better 20-25% leverage first.

IjaraCDC

Business Premier 7A Financing

A

Premium Sharia-compliant commercial building financing (Sharia Business Premier 7A program). $250K-$5M with as little as 5-10% down and up to 25 years of amortized financing for businesses buying or refinancing their buildings. Property types: warehouses, offices, restaurants, branded gas stations, flagged hotels. Also covers debt refinancing, business acquisitions, inventory, equipment, working capital, and tenant improvements and renovations.

Tjara Halal Financing

Commercial Property Financing

B-

Tjara's commercial property financing is a flexible credit option that lets Canadian businesses borrow against pledged commercial assets, accessing funds when needed rather than in a single fixed advance. It runs through Tjara's non-profit referral model - regulated Canadian funders provide capital under agreements binding them to halal terms - with oversight from a named three-scholar Shariah board chaired by Prof. Dr. Mohamad Akram Laldin and AAOIFI-compliant late fees donated to charity. The commercial product's specific contract structure isn't published; Tjara's residential flagship uses diminishing musharakah, so ask whether the same co-ownership model applies. No amounts or rates are published.

Tjara Halal Financing

Business Financing

B-

Tjara's business financing covers machinery and equipment, asset acquisition, expansion, and asset-tied working capital for Canadian businesses across all 10 provinces. Tjara operates as a non-profit referral agent connecting clients to regulated Canadian funding partners contractually bound to halal terms, under a named three-scholar Shariah board chaired by Prof. Dr. Mohamad Akram Laldin with Dr. Aznan Hasan and Mufti Muaz Ashraf Usmani, plus a dedicated Head of Shariah Compliance (Dr. Mufti Waqar Yousufi). Late-payment amounts go to charity per AAOIFI rules. No rates or amounts are published, and the specific contract type (murabaha, musharakah, or ijara) should be confirmed in writing during application.

Tjara Halal Financing

Non-Profit Organization Financing

B-

Tjara's non-profit financing gives Canadian masjids, charities, and community organizations a riba-free growth-capital option, offered by a firm whose own FAQ describes it as a non-profit itself. The model is referral-based: regulated Canadian funding partners provide the capital under agreements contractually binding them to halal terms, with oversight from a named three-scholar Shariah board (Prof. Dr. Mohamad Akram Laldin, Dr. Aznan Hasan, Mufti Muaz Ashraf Usmani), a published 2023 musharakah fatwa, and AAOIFI-compliant late fees donated to charity. Amounts, rates, and contract mechanics for this product line aren't published - terms emerge through a contact-form application.

Tjara Halal Financing

Commercial Real Estate Financing

B-

Tjara's commercial real estate financing funds business properties - office buildings, retail spaces, industrial warehouses, and owner-occupied premises - across all 10 Canadian provinces, including portfolio and income properties with structures described as built for multi-million-dollar projects. Tjara operates as a non-profit referral agent: regulated Canadian funding partners provide the capital under agreements contractually binding them to halal terms, overseen by a named three-scholar Shariah board (Prof. Dr. Mohamad Akram Laldin, Dr. Aznan Hasan, Mufti Muaz Ashraf Usmani) with a published 2023 musharakah fatwa. No amounts, rates, or commercial contract mechanics are published - applications go through a contact form.

Muevmnt Financial

Business Financing

B-

Muevmnt Financial offers halal-positioned business financing for Canadian entrepreneurs: funding from $5,000 to $500,000 at up to 75% loan-to-value, with pre-approvals in 1-2 business days on approved credit and a direct online application. The structure is described only as 'profit-sharing and asset-based models' - language consistent with musharakah or murabaha, but no contract type is named, and no rates, profit markups, or fee schedules are published anywhere on the site. Critically, no Sharia board, scholar, fatwa, or certification is disclosed either, so the halal status is entirely self-asserted and needs independent verification.