Our Future Success Rests Directly on What We Do Today Together

You can become a member of the cooperative by paying $100.00 Membership Fee plus $1000.00 for minimum of (4) shares.

You must then buy at least 4 shares of $250.00 each in a calendar year in order to keep your membership active.

Shares may be redeemed (minimum of six months of advance notice will be required for amount exceeding $40,000) or transferred to any member of the cooperative. No members total shares are to exceed $40,000, except in the case of Preferred Members who intend to acquire a preferred unit.

The cooperative will help you to get out of “RIBA” by giving you occupancy in a housing unit(s) and an ownership share in a housing cooperative without requiring you to obtain interest based financing or traditional mortgages.  In order to qualify, you will need shares equal to 70% of acquisition and unit development cost, invested in the cooperative for at least six months.

Your investment in the cooperative shares is very secure since the cooperative retains the legal title of all housing units in its name until all of the required shares are accumulated by the member/investors.

Institution Building

We are required, as per the Sunnah of Prophet Muhammad (SAW), to establish institutions that conform to our moral and religious values. when Muslims support Sharica Housing Cooperative and other similar institutions, Insha Allah, there is tremendous potential that these can one day provide the infrastructure for commercial real estate, automobile business, Islamic center and Masjid financing, college scholarships, and even Islamic insurance schemes.

Rewards From Allah Subhanahu Wa Ta’ Ala

Investors earn Halal profit and also earn Thawab since they help other members and avoid usury. Investers support those who are Sabiruan (Patient) and avoid Riba only for the sake of Allah SWT.