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🏡 Servus Halal Mortgage in Calgary: A Faith-Based Alternative to Conventional Home Financing

Posted on November 6, 2025 by Mohammed Abdul Qader

🏡 Servus Halal Mortgage in Calgary: A Faith-Based Alternative to Conventional Home Financing

Big News for Calgary Homebuyers!

For the first time ever, Calgarians can now access a true Halal mortgage — Servus Halal, has been launched by Servus Credit Union.
This Alberta-first offering allows families to purchase homes in a way that fully aligns with Islamic principles while operating within Canadian regulations.

🕌 What Is the Servus Halal Mortgage?

The Servus Halal Mortgage follows a Murabaha (cost-plus-profit) structure — a model in Islamic finance that avoids paying or earning interest (riba).
Here’s how it works:

Servus Halal purchases the property from the seller on your behalf.
Servus then resells the home to you at a price that includes the original cost of the property plus an agreed-upon profit margin.
You pay that total amount over a fixed 25-year term. This gives you predictable monthly payments and full transparency into your payments — no interest charged.

This approach is designed to align with both Shariah principles and Alberta’s regulatory framework. For further details, you can visit their website at https://servushalal.ca/ — the official page for the program.

⚙️ How the Servus Halal Mortgage Works

Feature	Details
Accessibility	Available to all individuals purchasing a property in Alberta — you don’t have to be a member of Servus Credit Union to apply.
Profit Sharing	Products offered by Servus Halal are not eligible for Servus Credit Union’s profit-sharing program.
Term & Amortization	Up to 25 years, providing long-term flexibility and payment predictability.
Down Payment	A minimum of 20% of the property value is required.
Eligible Property Types	Applicable to existing properties and newly-constructed homes in Alberta that are complete or near completion.
Profit Rate	Payments are determined by a fixed profit rate for the entire term — ensuring clarity and avoiding fluctuating interest.
Insurance	Property insurance is required to ensure the property (and the arrangement) is protected.

With this model, you’ll always know what you’re paying — no hidden fees, no shifting interest rates, and no surprises.

💡 Halal vs. Conventional Mortgage: What’s the Difference?

Feature	Servus Halal Mortgage	Conventional Mortgage
Structure	Cost-plus-profit (Murabaha)	Standard interest-based loan
Interest (riba)	Not permitted	Interest is the core of the transaction
Ownership Process	Servus buys the home and resells to you at a profit	You borrow money to buy the home and own it while repaying
Repayment	Fixed total purchase price (original + profit)	Payments include principal + interest
Faith Compliance	Shariah-compliant structure	Standard banking structure

Both routes lead to homeownership — but the path via the Halal mortgage is built on partnership, ethical financing, and faith-based alignment.

🌇 Why This Matters for Calgary Homebuyers

This launch is a major step for Calgary’s real estate and financial sectors.
For years, Muslim families in the region who wanted to follow Islamic finance principles had very limited options. With Servus Halal available locally, you now have a trusted, regulated, faith-aligned financing path right here in Alberta.

🤝 Let’s Find Your Dream Home — The Halal Way

As a Calgary REALTOR®, I’m excited to see this opportunity become available. Whether you’re a first-time homebuyer or planning your next move, I can help you:
✅ Find properties that match your budget, goals and values
✅ Connect with credible Servus Halal mortgage specialists to get you started

📞 Contact me today to explore your options and find the best deal for your next property — with clarity, confidence, and values aligned.

Contact me