Q1. Please explain the product structure used by EQRAZ for financing Halal mortgages, and the basis for approval under Shariah law.
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Halal home financing through 100% Shariah and Canada compliant monthly Murabaha mortgage product.
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A unique Halal mortgage product tailor-made for the Canadian market
Finally, a fully Halal mortgage solution—tailor-made for Canadians and verified by renowned Shariah scholars worldwide.
Shariah Compliant
No corners cut, no shortcuts taken. Our Halal mortgage follows the principles of Islamic finance from start to finish—so you can rest easy, knowing your home loan aligns with your faith.
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We’ve tailored this mortgage for the Canadian market, ensuring it meets all Canadian regulations while staying true to Islamic values—so you can build your life here, responsibly and confidently.
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Skip the wait and access funding across all provinces when needed most. Our streamlined process ensures quick, Shariah-compliant approvals - because your time and values matter.
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Frequently Asked Questions
Please find below answers to the most common Shariah-related and other questions, answered directly by our Shariah scholars and EQRAZ staff members.
View All FAQ'sQ2.How are Halal financing structures established based on Quran, Sunnah and how is Ijma and Ijtihad used in Shariah-compliant financing??
Q3. What are AAOIFI standards, how are they approved, and do they have acceptability across all Madhabs? How do Shariah scholars in finance differ from Muftis and Imams, and do I need their approval to deal with EQRAZ?
Q4. EQRAZ product seems to be based on Tawarruq. How is this halal and how is Tawarruq used by EQRAZ different from organized Tawarruq.
Q5. How does EQRAZ maintain Shariah compliance when taking funding from non-Shariah-compliant entities like banks or credit unions, and how does the Wakala Agreement structure work?
Q6. EQRAZ Halal financing product uses Murabaha structure; whereas the financing has an amortization schedule where profit (or rental) seems to be calculated in a similar way to riba-based mortgages. How is this halal in comparison to riba-based mortgages?
Q1. Please explain the product structure used by EQRAZ for financing Halal mortgages, and the basis for approval under Shariah law.
Q2. How are Halal financing structures established based on Quran, Sunnah and how is Ijma and Ijtihad used in Shariah-compliant financing?
Q3. What are AAOIFI standards, how are they approved, and do they have acceptability across all Madhabs? How do Shariah scholars in finance differ from Muftis and Imams, and do I need their approval to deal with EQRAZ?
Q4. EQRAZ product seems to be based on Tawarruq. How is this halal and how is Tawarruq used by EQRAZ different from organized Tawarruq?
Q5. How does EQRAZ maintain Shariah compliance when taking funding from non-Shariah-compliant entities like banks or credit unions, and how does the Wakala Agreement structure work?
Q6. EQRAZ Halal financing product uses Murabaha structure; whereas the financing has an amortization schedule where profit (or rental) seems to be calculated in a similar way to riba-based mortgages. How is this halal in comparison to riba-based mortgages?
