An-Nur offers Shariah compliant & flexible financing options for buying and/or refinancing a residential home based either on "Musharaka" (shared equity with declining balance partnership) or "Murabaha" (cost plus basis).
An-Nur is conducting a feasibility study for a community housing project (in and around Metro Toronto area). This study is currently in progress.
An-Nur offers both short-term and long-term investment opportunities. It is committed to provide Shariah compliant and Interest-Free investment opportunities, and Socially Responsible Investments
An-Nur aims to provide solutions for a growing demand for interest free RRSPs and other options for retirement income; Auto, Machinery and Equipment Financing, as well as Business Investment and Advisory Services
Despite the unequivocal prohibition from dealing in interest-bearing transactions, Muslims in Canada who wish to buy homes, start businesses or invest in real estate properties are offered few alternatives to traditional, interest-bearing loans and/or interest-based mortgages from financial institutions.
An-Nur offers Canadian Muslims Real Estate investment opportunities and related financial services, to earn Halal income - free of riba, with flexible programs for those wishing to buy a residential home, do home improvement, invest in land, property or start or develop a business, or otherwise invest in business assets.
The motivation behind incorporation of An-Nur Co-op is
"O ye who believe! Devour not usury, doubled and multiplied; but fear Allah. that ye may (really) prosper." 3:130
“...but Allah as permitted trade and forbidden Usury...” 2:275
What An-Nur Offers
Creative Solutions to Interest-Free InvestmentsAn-Nur offers interest free Home Purchase Plan as well as interest-free investment services to Muslim community according to Shariah guidelines.
A Sound Business StrategyAn-Nur’s business is conducted strictly on an interest free basis in accordance with the Shariah guidelines, and following the applicable provincial and Canadian laws.
Investment in SharesAn-Nur Coop offers two classes of share ownership – investors’ shares and preferred shares.