Sharia-Compliant Home Financing for Muslims
IjaraCDC is a Michigan-based nonprofit providing ethical, Riba Free home financing in full compliance with Islamic law. We are not a lender or a broker. We structure the Ijara™ lease-to-own model with licensed providers.
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Mission, vision and approach
To facilitate homeownership for Muslims by offering Sharia-compliant financial solutions that are both accessible and ethical, so families can purchase or refinance without riba-bearing transactions.
A North America where riba-free financing is the ordinary option: understood by every buyer, supported by every provider, and available in every state and province we serve.
The Ijara™ lease-to-own model, structured with licensed providers and reviewed against Islamic guidelines. We structure and educate; we do not lend or broker.
What we offer families and businesses
Sharia-compliant financing, nationwide access through licensed providers, education through ISHLI, and investment in the places the community depends on.
Our values
Faith, plain answers and real ownership guide every contract we write for families and businesses.
Our Ijara™ structure is built to stay free of riba and gharar. If a term cannot be reconciled with Islamic guidelines, it does not go in the agreement.
No jargon, no pressure and no rushing. Every question about the contract gets a straight answer before anything is signed.
A declining balance, not an interest rate. Each payment moves a real share of the property to you, and paying ahead carries no penalty.
Mosques, schools and community centers sit alongside homes and business premises in the work we fund.
From the original fatwa to all 50 states.
Three decades of Sharia contract work, scholar review and expansion across the USA and Canada.
Dallah Al Baraka, through Al-Amin Co, issues the original fatwa for the Sharia contract, approved with Sh. Muhamad Taqi Usmani, Sh. Nizam Yaquby, Dr. Abdus Sattar Abu Ghudda and Sh. Abdullah Al Mannae.
Updated for licensing to United Bank of Kuwait for their Al-Manzil program, with Sh. Mufti Mohamad Taqi Usmani and Sh. Nizam Yaquby.
Shoeb Sharieff introduces the Islamic finance and banking concept to University Bank.
Shoeb Sharieff creates ijaraLoans.com, becomes Master Licensee of the original Sharia contract, and expands Islamic finance into all 50 states.
ijaraLoans acquires an ownership interest in the original contract with SAMAD Group, re-brands it as the Ijara™ Sharia contract and expands into Ontario, Canada.
Coverage extends to all provinces in Canada, and Sukuk and Murabaha contracts are offered as an alternative to traditional CDs and bonds.
Mufti Muneer Ahmed Akhoon becomes chairman of the Sharia Advisory Board, and issues a fatwa in favour of the finance documents and processes.
Imam Yahya Abdullah joins the Sharia Advisory Board, and ijara Community Development Corporation is formed as a Michigan nonprofit.
Imam Mohamed Radwan Mardini joins the Sharia Advisory Board, and ijaraLoans, ijaraUSA and ijaraCanada are combined into ijaraCDC.com.
Have more questions? Don't hesitate to reach us
Our team answers by phone or email during business hours, and a pre-qualification takes about ten minutes.
How is this different from a mortgage?
ijara CDC co-owns the property with you and sells you its share over time. There is no riba, because there is no debt instrument — the agreement transfers ownership, not money at a rate.
What does a monthly payment cover?
Two parts: your use of the share ijara CDC still owns, and the purchase of an additional slice of that share. The second part grows as your ownership grows.
How long does pre-qualification take?
About ten minutes, and it does not affect your credit.
Can I pay off my share early?
Yes. Additional payments buy more of the co-owned share and carry no penalty.
Which states does ijara CDC serve?
More than 20 states across the USA, alongside Canada. Contact us for the current list and the requirements where you live.
Who reviews the contracts?
The Sharia Advisory Board and real estate counsel review the structure and the documents before signing.
What can I finance?
Residential and commercial property, residential and auto conversions, investment opportunities, and the ijaraCDC partner broker program.