Halal Mortgages & Home Financing in Alberta

IjaraCDC

Home Financing

A

IjaraCDC's core Canadian offering: halal home purchase or loan replacement through a trust-based Ijara wa Iqtina (lease-to-own), available across Canadian provinces. A single-asset trust buys the home and leases it to you, each payment splitting between rent on the trust's share and an equity buyout, with title transferring once the buyout completes. Canadian terms: minimum 5% down on the first $500,000 of price and 10% on the portion above (10% for self-employed), typical 680+ credit score with a roughly 44% debt-service ceiling, 1-5 year renewable terms, amortization up to 25 years, and a 10-20% annual prepayment allowance. A Riba-to-Ijara conversion path exists for mortgages you already hold.

IjaraCDC

Alternative 'B' Lending

A

A credit-repair path priced above A-lending: minimum 20% down and a lender fee of 1% of the purchase price, with borrowers moved to A-lender terms once their credit improves. Suits buyers rebuilding credit or needing higher ratios than prime programs allow, without resorting to Canada's conventional B-lender market, which offers no riba-free options. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Refinancing Program

A

Sharia-compliant refinancing with cash-out up to 80% of the home's appraised value - equity extraction without an interest-bearing line of credit, structured instead as a restated Ijara arrangement. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Riba-to-Ijara Conversion Program

A

Converts an existing Canadian mortgage into a Sharia-compliant Ijara structure with no refinance and no documents required, completing in 10-14 business days - usually before your next payment date. Title moves into an independent trust, you lease the home from the trust as its grantor and beneficiary, and the payment amount stays the same: what changes is that the lender's return arrives as rent on real property rather than interest on money. Flat pricing: a one-time $349 fee plus $10/month administration, re-verified on ijaracdc.com in August 2026. The conversion fatwa was issued by Mufti Mohammed-Umer Esmail in 2009 within IjaraCDC's documented contract lineage.

IjaraCDC

Purchase Plus Improvements

A

Folds the home purchase and the renovation budget into a single Sharia-compliant financing - avoiding the common trap of buying halal and then renovating on an interest-bearing credit line. Improvement funds are typically released after the work is verified, so line up contractor quotes before closing. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. General Canadian terms: minimum 5% down on the first $500,000 of price and 10% on the portion above (10% for self-employed), 1-5 year renewable terms, amortization up to 25 years, and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Projected Income - Physicians

A

Projected-income underwriting for physicians: doctors completing or within 24 months of completing residency or fellowship qualify on future earnings rather than a thin income history - twice the eligibility window of the dentist and veterinarian program, so a new physician carrying training debt doesn't have to choose between waiting years for tax returns and an interest-based physician loan. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. General Canadian terms: minimum 5% down on the first $500,000 of price and 10% on the portion above (10% for self-employed), 1-5 year renewable terms, amortization up to 25 years, and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Small Rental Program

A

Financing for fully-rented investment properties from a minimum 20% down - a halal entry point into Canadian rental investing, with investment purchases generally carrying 25-30% down and 6-12 months of reserves under the general Canadian terms. Vacant or partially rented buildings don't qualify: this is for stabilized income properties. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Business for Self - B Lender

A

The lighter-documentation route for self-employed buyers: qualify on just 6 months of bank statements at 15-20% down, priced above the fully-qualifying program as the cost of the reduced paperwork. Right for newer businesses or owners whose Notices of Assessment badly lag real cash flow. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Family Plan Program

A

Buy a home for relatives who don't meet income requirements - parents housing adult children in university, or children buying for elderly parents - from a minimum 5% down. You carry the qualification and the full payment obligation, keeping intra-family support inside a riba-free structure. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Gifted Down Payment Program

A

Allows the down payment to come as a gift from an immediate relative - parent, sibling, grandparent, legal guardian, legal dependent, or spouse - with the standard 5% minimum coverable entirely by the gift and three months of documented provenance required. Formalizes what many Muslim families already do, inside the Ijara structure. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Projected Income - Dentists & Veterinarians

A

Projected-income underwriting for dentists and veterinarians: those in residency, fellowship, or newly practicing who completed their program within the last 12 months qualify on projected earnings rather than a tax-return history, so a new DDS or DVM doesn't wait years to buy. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. General Canadian terms: minimum 5% down on the first $500,000 of price and 10% on the portion above (10% for self-employed), 1-5 year renewable terms, amortization up to 25 years, and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Total Net Worth Lending

A

Underwriting for buyers whose balance sheet outshines their pay stub: moderate income offset by strong verifiable liquid assets and strong credit - a profile common among retirees, business sellers, and dual citizens with offshore income that income-based underwriting handles poorly. Only the income test relaxes; asset and credit bars remain real. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Flexible Down Payment Program

A

For buyers with excellent credit who lack a down payment: the down payment itself can be structured, provided your income can debt-service the financing plus the down payment - a demanding test in exchange for entering the market without waiting years to save. Canadian general terms otherwise apply: minimum 5% down (10% self-employed), 1-5 year terms, amortization up to 25 years. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes.

IjaraCDC

Second Homes Program

A

Sharia-compliant financing for second homes from a minimum 5% down - far below the 20%+ most lenders want for vacation property - under the same halal trust structure as the primary-residence program. Carrying two properties on reset-term financing doubles renewal-rate exposure, so stress-test the combined payments. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Mortgage Switch / Transfer

A

Moves an existing mortgage between lenders for a better profit rate using the switch mechanics Canadian borrowers already know at renewal - but lands the result in a Sharia-compliant structure rather than another interest-bearing loan. Do the math on discharge, appraisal, and legal costs against the rate saving, exactly as with a conventional switch. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Business for Self - Fully Qualifying

A

The best-priced self-employed route: traditional income verification using line 150 Notice of Assessment income, grossed up 15% for sole proprietors and half-partners (no gross-up if incorporated), with a 10% minimum down payment for the self-employed. If your NOA badly understates real earnings, compare the bank-statement B-lender route despite its higher cost. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Spousal Buyout Program

A

Finances the equity owed to an ex-spouse so one party can keep the home after separation: a finalized separation agreement establishes the split, you qualify on a single income, and the transaction stays inside Sharia-compliant structuring at a moment when few buyers have the bandwidth to engineer that themselves. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

Bridge Financing

A

Short-term halal financing that bridges the down payment when your current home's sale closes after the new purchase does - covering the gap so you neither lose the new property nor resort to an interest-bearing bridge loan. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. Terms run 1-5 years (Canadian reset model) with amortization up to 25 years and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

IjaraCDC

First-Time Home Buyer Incentive (FTHBI)

A

Pairs the federal First-Time Home Buyer Incentive - a 5-10% government shared-equity contribution secured by a shared-equity mortgage with the Canadian Government - with Sharia-compliant Ijara structuring, so the shared equity lowers the monthly obligation without adding riba. Verify the incentive's current availability directly, as federal housing programs change. Runs on IjaraCDC's Ijara wa Iqtina structure: a single-asset trust buys the home and leases it to you, with each payment split between rent on the trust's share and an equity buyout, and title transferring once the buyout completes. General Canadian terms: minimum 5% down on the first $500,000 of price and 10% on the portion above (10% for self-employed), 1-5 year renewable terms, amortization up to 25 years, and a 10-20% annual prepayment allowance; no rates are published - quotes are individual.

Manzil

Musharaka Mortgage

A

Manzil's flagship halal mortgage: a fixed-rate diminishing Musharaka in which buyer and Manzil purchase the home as partners, the buyer holds title, and each payment buys back Manzil's ownership units while paying a profit rate on the share not yet owned. Manzil publishes an actual rate sheet - effective July 23, 2026: profit rates from 5.90% (2-year) to 6.20% (5-year fixed), maximum financing CAD $1,500,000 at up to 80% finance-to-value (20% minimum down), minimum 680 credit score, and amortization up to 25 years. Funding comes from the Manzil Mortgage Fund investor pool rather than bank credit lines, and contracts are certified by Manzil's Shariah Supervisory Board with external certification from Darul Iftaa Mahmudiyyah.

Tjara Halal Financing

Home Financing

A

Tjara's Declining Balance Co-ownership Program is diminishing musharakah delivered through external funding partners: you and the funder co-own the property, you buy out its share through acquisition payments while paying usage payments (rent) on the remainder, and legal title sits in your name from day one. Founded in 2024 and headquartered in Mississauga, Tjara quotes market-aligned pricing ('same pricing as banks', with no Tjara margin added), finances up to $1,000,000 with case-by-case exemptions, and takes 5% minimum down under $500,000 for first-time buyers - 10% above $500,000 or for repeat and investment buyers, with CMHC insurance required below 20% down. Approval runs 3-5 business days and application-to-close typically 3-4 weeks, across all 10 provinces.

Eqraz

Home Financing

A-

EQRAZ arranges monthly commodity Murabaha (Tawarruq) home financing in all 10 provinces and is Canada's halal rate-transparency leader: a monthly-updated rate sheet showed posted profit rates of 8.67% to 9.30% and special-offer rates of 7.67% to 8.30% by term on July 31, 2026. Financing runs on fixed profit rates over 1-5 year renewable terms with amortization up to 25 years; second and third mortgages are available, and only move-in-ready, owner-occupied homes qualify (closing within 60 days). Funding flows through a Wakala agreement with a Canadian Schedule One bank rather than interest-bearing borrowing, with Computershare Trust as custodian, and late-payment profit is donated to charity.

Servus Credit Union

Home Financing

A-

Servus Halal is a wholly owned subsidiary of Servus Credit Union offering Canada's first halal mortgage from a provincially regulated financial institution, enabled by Alberta's amended alternative-finance legislation and launched in 2025. The structure is Murabaha: Servus acquires the property interest and resells it at an agreed cost-plus profit repaid in fixed instalments, certified by the Canadian Islamic Finance Board with a viewable fatwa certificate and annual re-review. Anyone buying a home in Alberta who meets down-payment and income requirements can apply; the process is advisor-led with a preapproval checklist, program documents come in English, French, Arabic, Urdu and Somali, and no rates or fees are published anywhere on the site.

Canadian Halal Financial Corporation

Home Financing

B+

Edmonton's Canadian Halal Financial Corporation finances Alberta homes through strictly two-party contracts funded from its own capital - either Musharaka co-ownership bought out over time or Murabaha cost-plus resale - with no third-party lender anywhere in the chain. Buyers contribute a minimum 20% (CHFC finances up to 80%), the home must be owner-occupied, and title registers solely in the client's name. Applications are processed within 10 business days and typically funded within 30 days, with no financing limits or waitlists. No rates are published: cost and profit are quoted per client as an all-in monthly payment. Note: our checks through August 2026 found no site content newer than April 2023 - confirm the company is actively originating.