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YOUR MURABAHA CALCULATOR

I want to purchase a home for

with a down payment of

YOUR MURABAHA CALCULATOR

I want to purchase a home for

with a down payment of

HALAL HOME FINANCING SOLUTIONS
Manzil's mission is to be the Islamic financial services hub for any Canadian who wishes to balance their financial needs with their spiritual obligations
Privately Financed Funds

Manzil only sources Shariah compliant pools of capital

Security

Manzil encrypts and protects your information better than the banks

Up to 25 Year Terms

Manzil is the only lender with loan terms of up to 25 years

WE ARE HERE TO BRING YOU HALAL FINANCIAL SOLUTIONS
Manzil's mission is to be the Islamic financial services hub for any Canadian who wishes to balance their material needs with their spiritual obligations
Privately Financed Funds

Manzil only sources Shariah compliant pools of capital.

Security

Manzil encrypts and protects your information better than the banks

Up to 25 Year Terms

Manzil is the only lender with loan terms of up to 25 years.

Choose a property!

Agree on price with Manzil

Apply for a Murabaha Mortgage

Agree upon the repayment terms with Manzil

Manzil purchases property
sells it back to you

Plus the agreed upon profit – taking into account your personal credit, risk profile, the value of the property, length of repayment term, and amount of your deposit.

Property is registered in your name!

Sale is recorded in a Murabaha mortgage contract.

Note

The maximum repayment term is 25 years, and you can repay the loan in full at any point without penalty.
Repayments are fixed for the term of your mortgage.

COMPARE MORTGAGE FUNDS

FEATURES & BENEFITS

  • NON-COMPOUNDED RATES 1
  • NON-RECOURSE MORTGAGE 2
  • FIXED RATES LONGER THAN 10 YEARS 3
  • NO PRE-PAYMENT PENALTY 4
  • NO PENALTIES ON DEFAULT 5
  • NO LATE PAYMENT PENALTY 6

OTHER LENDERS

  1. 1 Typically, mortgages are compounded Semi-Annually. Manzil’s Murabaha Mortgage Product does not compound semi-annually and will save you hundreds to thousands of dollars throughout the mortgage term.
  2. 2 Conventionally mortgages are recourse mortgages, meaning the lender has the right to go after your other assets. Manzil’s only recourse is the home that has been mortgaged.
  3. 3 The Manzil Murabaha Mortgage Product has fixed rates from 1 year to 25 years. Payment amount does not change for the length of the term.
  4. 4 The Manzil Murabaha Mortgage Product is an open mortgage and there is no limit to the amount you can prepay.
  5. 5 We will not charge any administrative penalties if you default on your mortgage.
  6. 6 If you are late to pay, you can defer your payment to a future date without penalty.
Halal Investing at its finest...

Bought my first house with Manzil. Best decision of my life!

Amjad Salman

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ADDRESS

73 Richmond St. W, Suite L06
Toronto, ON, M5H 4E8

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