Published rates
EQRAZ
10-province footprint including Quebec. Rates published openly. Monthly commodity Murabaha. Start here if you want to see a rate first.
Best Halal Mortgage in Quebec (2026)
Manzil does not cover Quebec. This page is EQRAZ vs IjaraCDC vs Qurtuba - the comparison the national three-way cannot be, because one of those three is out.
RM
Robert Mallon
Co-Founder, HalalWallet
Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-08-27•Disclosure: Featured partners may compensate HalalWallet for clicks. Editorial policy and full disclosures.
Reviewed when Quebec coverage, down-payment rules, or published rates change.
What is the best halal mortgage in Quebec?
EQRAZ if you want a published rate. IjaraCDC if you need 5% down, thinner credit, or to convert an existing mortgage. Qurtuba if you want a Quebec co-op with no bank debt in the chain. Skip Manzil for a Quebec mortgage - its home financing does not reach the province.
- Manzil: not available for Quebec mortgages
- EQRAZ: published rates, 10 provinces including Quebec
- IjaraCDC: 5% down up to $500K, 10 provinces including Quebec
- Qurtuba: Quebec co-op since 1990, member-funded, no bank debt
Source: HalalWallet (halalwallet.ca)
| EQRAZ | IjaraCDC | Qurtuba | |
|---|---|---|---|
| Best for | Seeing the rate before you apply | Low down payment / thinner credit | Member-funded co-op, zero bank debt |
| Quebec coverage | Yes (10-province footprint) | Yes (10-province footprint) | Quebec only, since 1990 |
| Structure | Monthly commodity Murabaha | Ijara wa Iqtina (lease-to-own trust) | Bespoke buy-and-sell co-op contract |
| Minimum down | Not published - quoted individually | 5% up to $500K; 10% above | Confirm with the co-op |
| Rate transparency | Published at eqraz.com/rates | Individually quoted | Occupancy fees plus capital - confirm directly |
| Shariah oversight | Named board + external fatwas | Fatwa lineage from 1995, updated 2012 | Founding approval (1991); no current named board |
Access
IjaraCDC
5% down up to $500K, 10 provinces including Quebec, and a riba-to-Ijara conversion of an existing mortgage.
Co-op / Quebec since 1990
Qurtuba
Member-funded housing co-op with no bank debt in the chain. Title stays with the co-op until buyout at the original purchase price. Confirm current terms directly.
Buying outside Quebec?
Ontario, BC, Alberta, Saskatchewan, and Nova Scotia can include Manzil in the shortlist. The national three-way is the right page for that decision.
Manzil vs EQRAZ vs IjaraCDCRun the numbers before you apply
Use HalalWallet's provider-neutral calculator to compare Ijara and Diminishing Musharakah against a conventional mortgage with the same price, down payment, and term.
Halal mortgage calculator (Canada)Frequently asked questions
What is the best halal mortgage in Quebec?
Manzil's home financing does not currently cover Quebec. The two providers with a 10-province footprint that includes Quebec are EQRAZ (published rates, monthly commodity Murabaha) and IjaraCDC (5% down up to $500K, Ijara wa Iqtina). Quebec buyers who want a member-funded co-op with no bank debt in the chain can also look at Qurtuba Housing Cooperative, operating in the province since 1990.
Does Manzil offer a halal mortgage in Quebec?
No. Manzil's Musharaka currently covers Ontario, BC, Alberta, Saskatchewan, and Nova Scotia (Murabaha in Ontario only). Quebec buyers start with EQRAZ or IjaraCDC, or with Qurtuba.
EQRAZ or IjaraCDC for a Quebec purchase?
EQRAZ if you want a published rate before you apply. IjaraCDC if you need 5% down up to $500K, thinner-credit flexibility, or to convert an existing conventional mortgage. Get quotes from both - the cheaper file usually decides more than the structure debate.
What is Qurtuba Housing Cooperative?
Qurtuba is a Quebec Islamic housing co-op operating since 1990. It is entirely member-funded - no bank financing in the chain - using a bespoke buy-and-sell contract. The co-op holds title; you pay occupancy fees plus capital; title transfers at the original purchase price. It does not publish a current named Shariah board (scholarly approval is cited from its 1991 founding). Confirm terms directly. Pairwise vs Ansar (Ontario) is at /compare/qurtuba-vs-ansar-housing.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-27
How to cite this page
Preferred format (HTML):
According to HalalWallet (“Best Halal Mortgage in Quebec 2026: EQRAZ vs IjaraCDC vs Qurtuba”, https://www.halalwallet.ca/compare/best-halal-mortgage-quebec, retrieved 2026-08-28).
For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.