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Welcome of AHC

Ameen Housing Co-operative (Ameen Housing) is an Islamic co-operative financial institution that offers shariah compliant solutions for home financing and replacing existing mortgage. Ameen Housing also provides it's members with investment opportunities to earn halal dividends...

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AHC's Process Halal?

One of the primary condition that makes any financial contract acceptable, from the Shariah perspective, is that, "the parties involved agree to participate in both the GAIN and the LOSS that may result from such an investment". Any contract that is missing this clause is "not acceptable" from a Shariah...

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Why Invest in AHC ?

It’s a big temptation to fall into interest “Riba” bearing financial transactions, a trap fraught with perils in this life and the Here- After. In general, it is not permissible for Muslims to invest in treasury bonds, money market funds, certificate of deposits, and other such investments due to the element of interest.

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  • Our New Address: San Tomas Business Center Building#1
    2060 Walsh Ave, Suite 101
    Santa Clara CA 95050
  • Ameen housing has increased the AHC INVESTMENT PORTION from $950k to $1M.
  • 2023 Q3 ROI 1.08%
  • 2023 Q1 ROI 1.25%
  • 2023 Q2 ROI 1.02%

  • 2022 Q1 ROI 1.50%
  • 2022 Q2 ROI 1.30%
  • 2022 Q3 ROI 1.20%
  • 2022 Q4 ROI 1.05%

  • 2021 Q4 ROI 1.10%
  • 2021 Q3 ROI 1.60%
  • 2021 Q2 ROI 1.20%
  • 2021 Q1 ROI 1.30%

  • Bylaws and Regulations upated
  • New Office Hours (Click here)
  • Opening for Executive Director - Apply Now





We offer Safest Home Finance and Halal Profitable Investment

Interest and usury in the USA - By Shaikh Main AlQudah. Lecture in 2013 at MCA Santa Clara

Addendum about Ameen Housing contract (As for Jan 2015).
All praise be to Allah, the Lord of the Worlds, and may the blessings and peace be upon the final Prophet and upon all of his family and Companions.
The Fiqh Committee of AMJA had issued a declaration explaining the issues in the contracts of the Islamic Home Financing Companies in the United States. That ruling was based on the contracts that they used at the time of the issuing of that declaration. With respect to Ameen Housing, two issues were of major concern. One was the late payment fee when a person paid his rent late and the other was the issue of the cost of maintenance being properly distributed between the two parties wherein Ameen returned a fix percentage of the rent to the buyer/renter regardless of the actual amount of maintenance expenses.
After the issuing of that declaration, Ameen Housing—may Allah reward them for responding positively to that declaration—have now discontinued their late payment fee policy and have clarified to the Committee that the distribution of the maintenance expenses is handled in a way that is just.
Based on the above, the Fatwa Committee now rules that the contracts that Ameen Housing is now using are consistent with the laws of the Shareeah. We have now no Shareeah objection to their practice and it is permissible for Muslims to purchase homes through them.

home finance ameen


invest halal dividends

Executive Board


  • Muhammad Waseem Ul HaqPresident

    Muhammad Waseem Ul Haq

  • Umair Ahmed Vice President

    Umair Ahmed
    Vice President

  • Takoua El Bejaoui Secretary

    Takoua El Bejaoui

  • Hassan SiddiqiOperations Manager

    Hassan Siddiqi
    Operations Manager

  • Sairah Husain  Treasurer

    Sairah Husain

  • Yasin ArifBoard Member

    Yasin Arif
    Board Member

  • Sulaiman Hussaini Member at large

    Sulaiman Hussaini
    Member at large

  • Abdullah Al-Shehabi Member at large

    Abdullah Al-Shehabi
    Member at large

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      Contact us

      We are located in the heart of the Silicon Valley.

      Office Address

      San Tomas Business Center Building#1
      2060 Walsh Ave, Suite 101
      Santa Clara, CA 95050
      Tel: (408) 986-9786
      Fax: (408) 986-9787

      Office Location

    Main Office

    San Tomas Business Center Building # 1
    2060 Walsh Ave, Suite 101
    Santa Clara, CA 95050
    Tel: (408) 986-9786
    Fax: (408) 986-9787

    Mailing List

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