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Investing In Ameen Housing Co-operative

Earn a Heavenly Reward and a Spirited Profit Without Spending!

THIS IS NOT A SOLICITATION TO BUY, SELL, AND/OR SOLICIT BUSINESS AND FINANCING FROM THE GENERAL PUBLIC.

INVESTMENTS ARE RESTRICTED TO QUALIFIED AMEEN HOUSING CO-OP MEMBERS ONLY.

Ameen Housing Co-op (AHC) members earn rewards merely for participating in AHC ’s investment plan since they help enjoin the good and help avoid that which is deemed unjust in Islam. Deposits of even US$1000.00 not only earn halal dividends for the investors but also helps other investors to purchase homes or refinance existing mortgages.

Consequently, it makes sense for members to invest in Ameen Housing Co-op rather than keeping funds in savings accounts that bear forbidden interest or in no-interest checking accounts which benefit only the banks.

AHC Shares Quarterly Profit

Net profit is paid as dividends to qualifying members each quarter. Dividends vary from quarter to quarter.

AHC Invests In Real Estate

AHC’s investment portfolio is mainly in owner occupied homes.

AHC’s Investments are Secured by Homes

AHC holds the “Title” of the home until it is completely bought out by the member-owner. In the unlikely event of a major, long-lasting downturn in real estate market resulting in net loss, AHC’s investors would share it. Fluctuations in short-term real estate value does not have significant effect because AHC has longer-term objectives.

AHC Reduces Investor Risks

AHC purchases properties expeditiously when sufficient funds become available. Risk to investors is reduced because real estate is considered relatively safe due to non volatility.

Withdrawing Funds From the Co-op

AHC’s Board tries to ensure that members are generally able to withdraw funds up to US$10,000 within a day by keeping some funds in reserve. Larger sums may require more time.

Ameen Housing Coop derives its income from three sources:

 

  1. Monthly rent collected on the properties whose titles are held by Ameen Housing Coop.
  2. Percentage of appreciation ( or depreciation) on the properties as described in the Coop regulations at the time of title transfer to the land deed owner (member who rents to own).
  3. Membership fee.

After covering the operating cost and withholding (discretion of the board), the income is distributed as dividends to members every quarter.

  1. Dividends are based on the minimum daily balance maintained on member accounts through the dividend period.
  2. The first dividend period begins on January 1 and ends on March 30 (at close of business)
  3. The second dividend period begins on April 1 and ends on June 30 (at close of business).
  4. The third dividend period begins on July 1 and ends on September 30 (at close of business)
  5. The second dividend period begins on October 1 and ends on December 31 (at close of business).
  6. Ameen Housing Co-op has a policy of announcing dividend within 60 days after the end of a dividend period.

AHC MEMBERSHIP PROCESS

 


 

1 As specified in the By Laws and Regulations of the Co-op.