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.
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.
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
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:
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.