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Home Financing comparison

Eqraz vs Qurtuba

Eqraz and Qurtuba both offer home financing - Eqraz in all of Canada, Qurtuba in Quebec. This page lines up 10 listed data points side by side, with 6 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Aug 2026

At a glance

  • Eqraz lists all of Canada; Qurtuba lists Quebec.
  • Eqraz uses Murabaha; Qurtuba uses Co-Op.
  • Shariah oversight: Eqraz discloses Third-Party Certified; Qurtuba discloses No Public Review.
  • HalalWallet Index: Eqraz holds a B-; Qurtuba holds a B-.
  • On measurable rows, Eqraz has the better listed value on 0 and Qurtuba on 1.
  • They differ on 6 of the 10 data points we list for home financing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Eqraz vs Qurtuba: the full side-by-side

10 data points from each provider's published materials, lined up row by row. They differ on 6.

Eqraz - halal finance provider logo

Eqraz

B-
Pays us: No. Eqraz pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Qurtuba - halal finance provider logo

Qurtuba

B-
Pays us: No. Qurtuba pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.

10 of 10 rows

Availability

  • Provinces covered

    Eqraz: All of Canada
    Qurtuba: Quebec
Costs & terms

  • Minimum down payment

    Eqraz: Not listed
    Qurtuba: 20% effective (Qurtuba funds 80% of purchase price up to $400,000)
Shariah

  • Structure

    Eqraz: Murabaha
    Qurtuba: Co-Op

  • Shariah oversight

    Eqraz: Third-Party Certified
    Qurtuba: No Public Review

  • Shariah board / scholar

    Eqraz: Named Scholar
    Qurtuba: No Public Review

  • Published fatwa / certificate

    Same
    Eqraz: No
    Qurtuba: No
Products

  • Products listed

    Same
    Eqraz: Home Financing
    Qurtuba: Home Financing

  • Best for

    Eqraz: Buyers in any of Canada's 10 provinces who want month-one ownership under Eqraz's Murabaha model, certified by its own Shariah Supervisory Board with published external fatwas.
    Qurtuba: Quebec buyers; member-funded housing co-operative since 1990
Track record

  • HalalWallet Index grade

    Same
    Eqraz: B-
    Qurtuba: B-

  • Founded

    Eqraz: 2020
    Qurtuba: 1990 Edge

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Eqraz

  • In-house Shariah Supervisory Board with named scholars (Sheikh Dr. Salah Al Shalhoob, Sheikh Faraz Adam) plus external fatwas from Mufti Mirza Zain Baig and Mufti Faisal Al Mahmoudi
  • Available across 10 provinces - one of the widest halal footprints in Canada
  • Rates are published openly on eqraz.com/rates and updated monthly
  • Fixed profit rates on 1-5 year terms with 25-year amortization, plus second and third mortgages
  • Fully disclosed fee stack - rare candour in the Canadian halal market
  • Founded in 2020, so its operating track record is still short
  • Now positions itself as arranging financing through partner financiers ('not a broker, not the financier') - confirm who actually holds your contract
  • Posted rates run roughly 3 points above conventional Canadian mortgages - the halal capital premium, by EQRAZ's own admission
  • $2,500 non-refundable pre-approval fee and 2.0% commitment fee front-load the costs

Qurtuba

  • One of Canada's longest-running Islamic housing co-operatives, operating since 1990
  • Member-funded co-operative model with no interest-bearing debt - the only self-funded, zero-debt organization of its kind in Quebec
  • Model developed with input and approval from religious scholars
  • Unlimited penalty-free prepayment plus a historical Ramadan occupancy-fee rebate of 7%-20%
  • Title transfers at the original purchase price - all appreciation stays with the member
  • Available only in Quebec
  • No current publicly disclosed Shariah advisory board, named scholar, or third-party certification
  • $60,000 in shares held six months just to enter the buying queue - patient capital required
  • Qurtuba's website publishes few specifics - verify current terms with the co-operative before committing
Eqraz - halal finance provider logo

Eqraz

Pays HalalWallet: No. Eqraz pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Eqraz Full review
Qurtuba - halal finance provider logo

Qurtuba

Pays HalalWallet: No. Qurtuba pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Qurtuba Full review

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How do Eqraz and Qurtuba compare for home financing?

Eqraz and Qurtuba both offer home financing - Eqraz in all of Canada, Qurtuba in Quebec. This page lines up 10 listed data points side by side, with 6 differences, so you can see exactly where they part ways before you request quotes.

  • Eqraz lists all of Canada; Qurtuba lists Quebec.
  • Eqraz uses Murabaha; Qurtuba uses Co-Op.
  • Shariah oversight: Eqraz discloses Third-Party Certified; Qurtuba discloses No Public Review.

Source: HalalWallet (halalwallet.ca)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-08-05

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Eqraz vs Qurtuba”, https://www.halalwallet.ca/compare/eqraz-vs-qurtuba, retrieved 2026-11-14).

For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.

What HalalWallet is and is not

Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.

What we do

  • We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
  • We show the range of scholarly opinion on contested questions, with sources.

What we do not do

  • We do not lend, hold money, open accounts or take applications. You apply with the provider.
  • We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
  • We do not give personal financial, legal or tax advice.

Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0

Before you decide, finish with three checks:

  • Confirm current terms and halal compliance directly with the provider. Their quote is final.
  • Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
  • Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.

Spot an error? Report a correction · How we handle corrections