ABOUT US
In 2007, a few concerned Muslim brothers from Regina Saskatchewan took this challenge upon themselves to find out if there was an alternative. They started pooling their money together to buy the small properties. Alhamdulillah, with the help of Allah (SWT) and due to their genuine concern and dedicated efforts, they bought properties by pooling resources.
“O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.” Al Baqarah 2:278Al-Ehsaan Housing was established in 2012 in Regina as a non-profit organization that facilitates investment opportunities compliant with Islamic principles. The organization offers an alternative to riba (interest) by providing halal profits. This is achieved through a pooled investment model. Investors contribute funds that are used to acquire properties chosen by homebuyers. These properties are then made available for purchase by members through rent-to-own agreements. Rent payments are distributed to investors as quarterly dividends. In 2023, Al-Ehsaan Housing underwent a business structure transformation, converting from a non-profit organization to Al-Ehsaan Residential Cooperatives. This strategic shift was implemented to effectively address the growing requirements of both investors and home buyers within the organization.