How To Purchase Your Home The Halal Way

As-salamu Alaykum,

A $500,000 home financed over 25 years at an 8% rate results in total payments of approximately $1.14 million. After ten years of payments, the outstanding balance stands at roughly $412,000, a reduction of $88,000 over a decade.

For many Canadian Muslim families, the choice has appeared to be a binary one: accept a conventional mortgage, or continue renting indefinitely. A third path exists, and it is more achievable than most assume.

This seminar presents that path in detail, with the numbers, the scholarly basis, and a practical framework you can begin applying immediately.

What You'll Learn

• Renting versus buying: a financial analysis: How to apply the 5% rule to your own situation, and why current market conditions require an adjusted threshold
• The Islamic ruling and the available structures: Where scholarly opinion stands on conventional mortgages, and how murabaha, musharaka, and ijarah differ in practice
• The Canadian halal financing landscape: Which providers currently operate in Canada, what the profit-rate premium costs relative to conventional financing, and the due diligence questions to ask before entering any agreement
• Building a plan to purchase with cash: A structured savings framework with defined targets and timelines, including the registered account programs that can increase a $150,000 down payment to $195,000
• Projected timelines for your goal: The monthly savings required to purchase a condominium, a $450,000 home, or a $600,000 home outright, and the number of years each path requires
• Q&A

When & Where

Date: November 6th, 2026
Time: 6:00PM -7:30PM AST 
Location: Sabeel Muslim Youth & Community Center, Halifax

Presenters

• Hash Assad, CFP®, RRC, EPC: Senior Wealth Advisor and Division Manager, Assad Wealth Management
• Sh. Navaid Aziz: Imam, Educator, and Shariah Advisor

Register Today

Renting forever or taking on riba shouldn't be the only two options. There's a third path, and it's closer than you think. Bring your questions and leave with a plan.