بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيمِ

Own a Share in a Masjid

Earn the reward of building a house of Allah — and a halal return on your capital.

Through a Sharī'ah-compliant Diminishing Mushārakah, you co-own the property, receive Ijārah (rent), and have your full investment returned over 5 years.

Diminishing Mushārakah · 5-Year Term · ~5.5% Target Return · Ijārah Paid Semi-Annually
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Registered CharityCRA 819984790RR0001
20+ YearsServing North York
Scholar-ReviewedSharī'ah-compliant structure
Children learning Qur'an Community prayer Friday khutbah

Where We Are Today

A Community That Has Outgrown Its Space

For 20 years, NYMA has served North York from a tight temporary space — barely 20–30 people fit for daily prayers. Every Friday and every Eid, we rent halls just to pray together. It's time for a permanent home.

Our current prayer space — room for only one row

Our current space — a single prayer mat. 20–30 people, maximum.

Rented hall packed for Friday prayer

Every Friday, we rent a hall for Jumu'ah. Every Eid, another rental.

The Opportunity

We Found the Property. We've Paid the Deposit.

Now we need investors to help us own it outright — through a halal partnership that pays you back, with a return.

NYMA is acquiring two adjacent properties at 120–128 Sheppard Ave West to develop into a permanent masjid and community centre. The deposit is locked in. Your investment finances the purchase — and NYMA pays you back over 5 years with Ijārah (rent) on your share.

$5.3MProperty value
5 YrsInvestment term
~5.5%Target annual return
120 & 128 Sheppard Ave West

120 & 128 Sheppard Ave West — our future permanent home.

The Structure

How the Mushārakah Works

كيف تعمل المشاركة

A genuine co-ownership partnership — the same model trusted for halal home financing across Canada. No ribā. No interest. No gray areas.

The Partnership Structure

You (Investor)
→
Mushārakah LP
Partnership
→
🕌 The Property
Co-owned
NYMA Inc.
Owned by the charity
→
NYMA occupies the property and pays rent (Ijārah) on your share

💰 Ijārah — Your Return

NYMA pays rent on the share you own. Paid to you every 6 months. It's rent on a real asset, not interest on a loan.

🔄 Buyback — Capital Back

NYMA buys your share back in scheduled steps over 5 years. Your ownership diminishes as your capital returns — until you're fully repaid.

Your Investment

What You'd Earn

ماذا ستكسب

Ijārah (rent) paid to you every six months, plus your full capital returned by the end of the term. Here's what that looks like at three levels:

$75K
Minimum Investment
Ijārah earned (5 yrs)~$15,426
Capital returned$75,000
Total back: ~$90,426
~5.5%annual yield
Popular
$150K
Investment
Ijārah earned (5 yrs)~$30,852
Capital returned$150,000
Total back: ~$180,852
~5.5%annual yield
$300K
Investment
Ijārah earned (5 yrs)~$61,704
Capital returned$300,000
Total back: ~$361,704
~5.5%annual yield

Returns projected, not guaranteed. Derived from Ijārah on co-owned property. Subject to final legal documentation. Eligibility criteria apply.

Over Time

Your Share Diminishes as Capital Returns

Start
Year 1
Year 2
Year 3
Year 4
Maturity
Your share investedCapital returned

Each period, NYMA buys back a portion of your stake and pays Ijārah on the share you still hold. As the navy bar shrinks, the gold bar grows — your capital steadily returns to you, with the balance paid out at maturity. Your Ijārah tapers naturally as your remaining ownership decreases.

At a Glance

The Terms

~5.5%Target annual return
5 YrsTerm
$75KMinimum
Semi-AnnualIjārah every 6 months
100%Capital back at maturity

Your Security

How Your Investment Is Protected

🛡️

First Charge on Title

A registered first charge on the property secures your capital.

⚖️

Structured by Pallett Valo LLP

Legal structure built by experienced securities counsel.

🏢

$5.3M Property Backing

Your investment is secured against a tangible, appreciating real asset.

✓

Registered Charity

NYMA · CRA 819984790RR0001
Look us up on CRA →

✦ More Than a Return ✦

وَأَنَّ ٱلْمَسَاجِدَ لِلَّهِ فَلَا تَدْعُوا۟ مَعَ ٱللَّهِ أَحَدًا

"The places of worship are for Allah alone — so do not invoke anyone besides Him."

Qur'an 72 : 18

Your capital helps raise a house of Allah. Even as it is returned to you, the reward of what is built here continues — every prayer, every child taught the Qur'an, every soul guided.

"Whoever builds a masjid for Allah, Allah will build for him a house like it in Paradise."

— Sahih al-Bukhari & Sahih Muslim

The Next Step

Register Your Interest

Not a commitment — we'll follow up personally with full details and documents, in shā' Allāh.

Open the Interest Form →

No payment collected. Your information is private.