An-Nur is an Ontario based cooperative corporation started to provide interest-free (free of Riba) home financing & investment services to our community members. Alhamdulillah, An-Nur's Board of Directors consists of qualified and experienced professionals who are dedicated to serve the community for the pleasure of Allah SWT. Our directors have been involved in various interest-free investment & financing projects for number of years.
- An-Nur offers interest free home financing as well as interest-free investment services to Muslim community according to Shariah guidelines.
- An-Nur is managed by a group of experienced and sincere Muslim professionals dedicated to serve the community for the pleasure of Allah SWT.
- The management team is committed to providing courteous, friendly and Shariah compliant services.
- There is a growing need for interest-free and Shariah compliant home financing for the Muslim community.
- An-Nur (Ontario) Co-operative Corporation, incorporated under the Ontario Act is trying to fulfill this need.
- An-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.
OUR OBJECTIVES
The main purpose of the company is to provide interest-free investment opportunities. An-Nur Co-op Corp. provides many essential services for its client, such as investments in secure residential and other related real estate projects. It also provides financing for residential homes, home improvement and other related projects.
OUR MISSION
An- Nur’s mission is to make Shariah compliant (interest-free) lifestyle easy for the community members - mainly for the pleasure of Allah.
OUR COMMITTMENT
An-Nur Co-operative Corporation is committed to provide interest-free investment and financing services to the Muslim community according to the Shariah guidelines.
An-Nur is committed to provide full disclosure and all pertinent information to our shareholders on an accurate timely basis.
INVESTMENT IN SHARES
An-Nur Coop offers two classes of share ownership – investors’ shares and preferred shares:
Investor Shares-Initiating as an investor is simple and straightforward, involving only the application submission and a one-time registration fee of $25.00 (for single investors), $40.00 (for a family), or $10.00 (separate account on behalf of a minor). In addition, investors need to purchase a minimum of three investment shares of $100.00 each. Beyond the minimum requirement, shares may be purchased in any amount and with any frequency you like.
Preferred Shares (members)-Membership shares are voting shares and therefore, An-Nur Coop expects additional commitment from prospective members. In addition to the application submission, prospective members are required to pay a one-time membership fee of $100.00 and invest at least $1,000.00 by purchasing a minimum of ten shares of $100.00 each, per year. Active participation in An-Nur Coop's activities, as and when necessary, is also required.
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