Become a Property Owner via Our Musharaka Mortgage
A certified Halal joint partnership agreement in which profits and losses are shared.
Become a Property Owner via Our Musharaka Mortgage
A certified Halal joint partnership agreement in which profits and losses are shared.
Become a Property Owner via Our Musharaka Mortgage
A certified Halal joint partnership agreement in which profits and losses are shared.
What is Musharaka Financing?
Manzil Musharaka Mortgage is a 5-year fixed rate product where Manzil and you jointly purchase the property you wish to acquire, becoming partners. Then, Manzil gradually sells parts of its share in the property to you for an agreed price (which may vary from time to time). With every purchase you make, your share in the property increases and Manzil’s share decreases until you become the sole owner of the property.
What is Musharaka Financing?
Manzil Musharaka Mortgage is a 5-year fixed rate product where Manzil and you jointly purchase the property you wish to acquire, becoming partners. Then, Manzil gradually sells parts of its share in the property to you for an agreed price (which may vary from time to time). With every purchase you make, your share in the property increases and Manzil’s share decreases until you become the sole owner of the property.
What is Musharaka Financing?
Manzil Musharaka Mortgage is a 5-year fixed rate product where Manzil and you jointly purchase the property you wish to acquire, becoming partners. Then, Manzil gradually sells parts of its share in the property to you for an agreed price (which may vary from time to time). With every purchase you make, your share in the property increases and Manzil’s share decreases until you become the sole owner of the property.
Why is it Halal?
The Musharaka structure is based on joint ownership in a property, making Manzil & the customer partners. As a partner, Manzil is sharing the risk on the property and offering to sell their shares that are owned to the other partner, gradually. This type of financing is considered to be Halal because it is based on a partnership structure, as well as the principles of risk sharing and fairness. By opposition to a loan that generates an ongoing interest that accrues only by advancement of time, that will add up to the principle in case of late payment or default, and where the lender is not taking any risk related to the asset.
Why is it Halal?
The Musharaka structure is based on joint ownership in a property, making Manzil & the customer partners. As a partner, Manzil is sharing the risk on the property and offering to sell their shares that are owned to the other partner, gradually. This type of financing is considered to be Halal because it is based on a partnership structure, as well as the principles of risk sharing and fairness. By opposition to a loan that generates an ongoing interest that accrues only by advancement of time, that will add up to the principle in case of late payment or default, and where the lender is not taking any risk related to the asset.
Why is it Halal?
The Musharaka structure is based on joint ownership in a property, making Manzil & the customer partners. As a partner, Manzil is sharing the risk on the property and offering to sell their shares that are owned to the other partner, gradually. This type of financing is considered to be Halal because it is based on a partnership structure, as well as the principles of risk sharing and fairness. By opposition to a loan that generates an ongoing interest that accrues only by advancement of time, that will add up to the principle in case of late payment or default, and where the lender is not taking any risk related to the asset.
1
Apply for a Musharaka Mortgage
Agree upon the Islamic mortgage terms and submit your pre-application form online.
2
Choose your Finance Type
With our Musharaka product, you can buy a new home, transfer, or refinance your existing mortgage.
3
Manzil will enter into a Partnership Agreement with you
Where you and Manzil purchase the property and own a share therein according to your capital participation.
4
Manzil gradually sells you part of its share in the Property
With every purchase you make, your share in the property increases while Manzil’s decreases until you become the sole owner of the property.
1
Apply for a Musharaka Mortgage
Agree upon the Islamic mortgage terms and submit your pre-application form online.
2
Choose your Finance Type
With our Musharaka product, you can buy a new home, transfer, or refinance your existing mortgage.
3
Manzil will enter into a Partnership Agreement with you
Where you and Manzil purchase the property and own a share therein according to your capital participation.
4
Manzil gradually sells you part of its share in the Property
With every purchase you make, your share in the property increases while Manzil’s decreases until you become the sole owner of the property.
Follow these 4 simple steps and you’re good to go!
1
Apply for a Musharaka Mortgage
Agree upon the Islamic mortgage terms and submit your pre-application form online.
2
Choose your Finance Type
With our Musharaka product, you can buy a new home, transfer, or refinance your existing mortgage.
3
Manzil will enter into a Partnership Agreement with you
Where you and Manzil purchase the property and own a share therein according to your capital participation.
4
Manzil gradually sells you part of its share in the Property
With every purchase you make, your share in the property increases while Manzil’s decreases until you become the sole owner of the property.
Calculate your payments
See what impacts your monthly payment, how much principal you might pay over your term, and other helpful breakdowns.
Fill out information
Purchase Price
Down Payment (Minimum 20%)
Minimum down payment should be 20% of the purchase price
Financing Rate (ref: manzil.ca/rates)
Financing rate cannot be empty
Financing Term (2-5 years)
Value must be between 2-5
Amortization Period (1-25 years)
Value must be greater than mortgage term
Results
$0
6.99%
Total Mortgage Required
$0
Profit paid over term
$0
Shares acquired over term
$0
Outstanding shares at end of term
$0
View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
Calculate your payments
See what impacts your monthly payment, how much principal you might pay over your term, and other helpful breakdowns.
Fill out information
Purchase Price
Down Payment (Minimum 20%)
Minimum down payment should be 20% of the purchase price
Financing Rate (ref: manzil.ca/rates)
Financing rate cannot be empty
Financing Term (2-5 years)
Value must be between 2-5
Amortization Period (1-25 years)
Value must be greater than mortgage term
Results
$0
6.99%
Total Mortgage Required
$0
Profit paid over term
$0
Shares acquired over term
$0
Outstanding shares at end of term
$0
View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
Calculate your payments
See what impacts your monthly payment, how much principal you might pay over your term, and other helpful breakdowns.
Fill out information
Purchase Price
Down Payment (Minimum 20%)
Minimum down payment should be 20% of the purchase price
Financing Rate (ref: manzil.ca/rates)
Financing rate cannot be empty
Financing Term (2-5 years)
Value must be between 2-5
Amortization Period (1-25 years)
Value must be greater than mortgage term
Results
$0
6.99%
Total Mortgage Required
$0
Profit paid over term
$0
Shares acquired over term
$0
Outstanding shares at end of term
$0
View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
Finance Your Home Through Manzil
End-to-end Shariah compliance
Fixed or variable financing rates with terms up to 25 years
Competitive Rates
It’s Easy to Apply
Finance Your Home Through Manzil
End-to-end Shariah compliance
Fixed or variable financing rates with terms up to 25 years
Competitive Rates
It’s Easy to Apply
Finance Your Home Through Manzil
End-to-end Shariah compliance
Fixed or variable financing rates with terms up to 25 years
Competitive Rates
It’s Easy to Apply
Our Latest Rates
Explore our most up-to-date halal mortgage rates with flexible terms and transparent profit-sharing. Whether you’re purchasing, refinancing, or transferring, see how Manzil’s Musharaka program can work for you.
Our Latest Rates
Explore our most up-to-date halal mortgage rates with flexible terms and transparent profit-sharing. Whether you’re purchasing, refinancing, or transferring, see how Manzil’s Musharaka program can work for you.
Our Latest Rates
Explore our most up-to-date halal mortgage rates with flexible terms and transparent profit-sharing. Whether you’re purchasing, refinancing, or transferring, see how Manzil’s Musharaka program can work for you.
Got questions?
Got questions?
Got questions?
We can answer them.
Read through our Help Center or reach out to our team to learn more about our products. Investment related questions may be directed to OneVest.
We can answer them.
Read through our Help Center or reach out to our team to learn more about our products. Investment related questions may be directed to OneVest.
We can answer them.
Read through our Help Center or reach out to our team to learn more about our products. Investment related questions may be directed to OneVest.
Homes
See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.
Invest
Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.
Wills
In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.
Discover other Manzil Products
Discover
Homes
See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.
Invest
Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.
Wills
In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.
Homes
See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.
Invest
Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.
Wills
In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.
Services
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417
Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
© 2025 All rights reserved. Manzil is a registered trademark