Today’s Halal Mortgage Rates updated as of October 16, 2025 10:06 pm
At Citadel Mortgages, we proudly offer 100% Sharia-compliant halal home financing through our Murabaha-based mortgage product provided by EQRAZ. Designed with faith and transparency in mind, our program adheres strictly to Islamic finance principles, ensuring you can achieve homeownership without compromising your values.
Disclosure:
The halal home financing product described on this page is provided by EQRAZ, a trusted provider of Sharia-compliant financial solutions. Citadel Mortgages partners with EQRAZ to offer this ethical financing option to our valued clients.
A Halal mortgage, also known as Sharia-compliant financing, offers an ethical alternative to traditional mortgages by avoiding interest (riba), which is prohibited in Islam. Instead, halal mortgages use Islamic finance structures like Murabaha, Ijara, and Musharaka to ensure compliance with Islamic principles. At Citadel Mortgages, we exclusively offer the Murabaha Financing model, ensuring simplicity, transparency, and adherence to Sharia law.
The lender purchases the property and sells it to the buyer at a pre-agreed profit margin. The buyer repays in fixed installments over time. This is the sole structure we offer at Citadel Mortgages due to its simplicity and compliance with Islamic principles.
In this model, the lender retains ownership of the property while the buyer leases it. Ownership is transferred to the buyer once the lease term ends. (Not offered by Citadel Mortgages)
The buyer and lender jointly purchase the property, and the buyer gradually acquires full ownership by buying out the lender’s share over time. (Not offered by Citadel Mortgages)
At Citadel Mortgages, we proudly offer 100% Shariah-compliant Halal home financing through our trusted Murabaha mortgage product, provided in partnership with EQRAZ. This innovative solution adheres to AAOIFI standards, ensuring ethical and transparent financing for our clients.
Our Murabaha mortgage allows you to close your financing agreement anytime by simply repaying the remaining principal along with a fee equivalent to approximately three months of profit. The property title belongs entirely to you from the start, giving you the confidence and peace of mind that your home is truly yours.
The funding for this program is 100% halal, sourced through Shariah-certified, AAOIFI-compliant Wakala Agreements. With a fully funded program, we are issuing mortgages within as little as five business days of application, serving clients across most provinces in Canada. Let us help you achieve your dream of homeownership in a way that aligns with your values.
Halal mortgage rates in Canada differ from traditional mortgage rates. Instead of interest rates, profit margins are applied. Rates are competitive and reflect market conditions.
For example, a $500,000 property financed under Murabaha with a 5.5% profit margin over a 25-year term would result in predictable monthly payments, ensuring affordability and compliance.
Using a mortgage broker that has access to this type of mortgage financing, is key to ensure you have the best approval.
Available Across Canada
Our halal mortgage solutions are available in all provinces, providing access to ethical and transparent home financing for Canadian Muslims. Whether you’re purchasing your first home, upgrading, or refinancing, Citadel Mortgages has you covered.
These fees are transparent and disclosed upfront to ensure clarity.
A $500,000 property financed through a Halal mortgage with a profit margin of 5% would result in predictable monthly payments. Unlike conventional interest-based mortgages, every payment directly contributes to equity ownership.
Our Halal mortgage program adheres to Sharia principles, ensuring ethical and compliant financing. Below are the detailed qualification criteria:
Salaried Income:
Self-Employed Income:
Murabaha avoids interest by structuring payments as a profit margin on the property price, ensuring compliance with Islamic principles.
You can make additional payments of up to 20% annually without penalties.
Up to $750,000, with case-by-case approvals for amounts up to $1.25M..
Yes, refinancing options are available, adhering to the same principles.
Profit rates are competitive and fixed for the term, ensuring predictable payments.
There is no waitlist for the Halal mortgage program offered through EQRAZ. The approval and closing process is designed to be efficient, with mortgages being finalized within five business days, ensuring fast access to Sharia-compliant home financing.
Citadel Mortgages is committed to providing Sharia-compliant financing tailored to meet the unique needs of the Muslim community in Canada. With transparent terms, no interest, and adherence to Islamic principles, our Halal mortgage program ensures ethical and affordable home financing.
Take the first step toward owning your dream home by contacting us today!