Affordable home ownership through islamic finance

Qurtuba Housing Coop. combines the principles of Islam and the cooperative movement to serve the Muslim community; the objectives are:

  1. To assist Montreal Muslims to become homeowners while respecting Sharia stipulations against usury.
  2. To provide Muslim investors an opportunity for "Halal" as well as moral financing rewards.

« And God has permitted trade and forbidden usury (riba) » (Quran 2:275)

To date, Qurtuba has assisted many Muslim individuals or families to acquire homes in the greater Montreal area using the Islamic principle of Musharakah (partnership)

While the main objective of the Housing Cooperative is to avoid usury, it also aims to provide outstanding social service as a community organization, translating the Islamic ideal of brotherhood (Akhuwwa) in action.

Qurtuba is the Islamic alternative for Quebec's Muslim community.

This is a interest-free housing scheme and a good Halal investment opportunity for the Muslim community

Remember what Allah -SWT- said in the Holy Coran:

« O those who believe, fear God and give up what still remains of the usury if you are believers. But if you do not, then listen to the declaration of war from God and His Messenger. And if you repent, yours is your principal. Neither you wrong, nor be wronged. » (Quran 2:278-279)

And also what the prophet Muhammad (PBUH) said :

– The Apostle of God cursed the one who collected usury (riba), the one who paid it, the two witnesses to the transaction and the one who recorded it.