About us
Ameen Housing Co-Operative of California, Inc. (AHC) is a member-owned co-operative financial institution. Our core mission is to help members meet their investment and housing needs in a way that doesn’t compromise their faith by using community funds for community benefit.
assets
profitability
business
The root of
our values
Our model has been rigorously evaluated by some of the top scholars in Islamic finance at the Assembly of Muslim Jurists of America. We never compromise when it comes to our faith, and we want to help you do the same.
Our mission
Ameen Housing Co-op's mission is to enable members to make secure and profitable investments and/or purchase homes in an Islamic manner 100% RIBA free
What matters
to us
We were founded by people who wanted to protect our community from the dangers of riba (interest). Our goal it help our thousands of members:
- Foster Islamic investment practices
- Purchase homes without compromising
- Attain sharia compliant returns on their investments.
Our story starts in 1996
Ameen Housing Co-op established in Palo Alto, California. It was modeled after the highly successful Toronto Housing Co-operative.
Purchased our first home in Santa Clara County, California.
RIET
Achieved over $10.2M in managed assets across our investments.
Reached 200+ homes purchased mark.
Board Members
Sulaiman
Hussaini
President
president@ameenhousing.com
Umair
Ahmed
Vice President
umair.ahmed@ameenhousing.com
Najeeb
Khan
Treasurer
najeeb.khan@ameenhousing.com
Takoua
El Bejaoui
Secretary
takoua.bejaoui@ameenhousing.com
Sairah
Husain
Member at large
sairah.husain@ameenhousing.com
Yawar
Nahvi
Member at large
Yawar.nahvi@ameenhousing.com
Abdullah
Shahabi
Member at large
Abdullah.al-shehabi@ameenhousing.com
President's Remarks
Welcome to the Ameen Housing Cooperative (AHC) website!
It is my pleasure to introduce you to Ameen Housing Cooperative (AHC) , America’s first Sharia-compliant Real Estate Investment Trust, which has proudly served the community for 28 years. This innovative venture is more than just a financial institution; it is a beacon of hope and an immense opportunity to help build and establish the Muslim community nationwide, all without compromising our faith and adherence to divine commandments. AHC also has the distinction of having the cleanest Shariah-compliant reputation, as endorsed by the Assembly of Muslim Jurists of America (AMJA).
AHC stands as a testament to the values we hold dear, providing a pathway for our community to achieve the dream of homeownership free from riba. We offer a cost-effective alternative to conventional mortgages, ensuring that the journey to owning a primary home is accessible and in alignment with our religious principles. This is a crucial step in making dreams possible, one home at a time.
Moreover, AHC is not just about homeownership. We also provide an option for investors to earn consistent returns through halal dividends. In today's volatile markets, this presents a key opportunity for stability and growth. As we all know, bonds are off-limits for Muslims, but AHC dividends can be seen as halal bonds, providing consistent returns and allowing our community to diversify assets safely and responsibly over the long term.
For 28 years, AHC has been a pillar of strength and support for our community. By investing in AHC, you are doing more than securing your financial future. You are contributing to the strength and resilience of the Muslim community across the United States. Together, we are building a foundation that honors our faith while fostering economic empowerment and growth.
We invite you to explore the opportunities that AHC presents. Join us in strengthening our community, upholding our values, and achieving our dreams.Thank you for visiting our website, and may peace and blessings be upon you all.
Sulaiman Hussaini
President, AHC