Manzil Murabaha Mortgage
Halal Home Financing in Ontario
A Shariah-compliant resale (Murabaha) structure in which Manzil purchases the property and resells it to the buyer at a transparent, agreed profit, repaid in fixed instalments with no interest at any point. Certified by Manzil's Shariah Supervisory Board and externally by Mufti Ebrahim Desai (Darul Iftaa Mahmudiyyah).
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Product Details
Structure
Murabaha
Min Credit Score
680
Down Payment
20%
Term Options
2–5 year terms, Amortization up to 25 years
Manzil in Ontario
Manzil's Murabaha Mortgage is available in Ontario. Manzil serves 1 province, including Ontario.
Our Take on Manzil
Manzil operates under a Shariah Supervisory Board that provides oversight across its financial products, and states it is the only Canadian provider following AAOIFI Shariah governance.
Bottom Line
Manzil is Canada's most established halal mortgage provider, offering AAOIFI-aligned Musharaka (co-ownership) alongside a Murabaha structure. Available in Ontario, Alberta, British Columbia, Saskatchewan and Nova Scotia with the largest track record in the market.
Read full Manzil reviewShariah Compliance & Oversight
Manzil Shariah Supervisory Board
2026-07-08
Province Availability
Available in 1 province
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Compare With Other Options in Ontario
7 other home financing products available to Ontario residents
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Halal Mortgage Estimate — Ontario
Estimate your monthly payment with a halal financing structure
Monthly
$2,023
Total Cost
$728,142
Total Profit
$408,142
Estimate only. Actual terms vary by provider.
Full CalculatorFrequently Asked Questions
What is Manzil Murabaha Mortgage?
What Shariah oversight does Manzil Murabaha Mortgage have?
Is Manzil Murabaha Mortgage available in Ontario?
What Shariah oversight does Manzil have?
What financing structure does Manzil Murabaha Mortgage use?
How do I apply for Manzil Murabaha Mortgage in Ontario?
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Explore All Home Financing in Ontario
Compare every home financing option side-by-side with filters, ratings, and Shariah oversight details.
Reviewed monthly and updated when product availability or terms change.
Co-Founder & CEO, HalalWallet
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider — their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.