We are America's first sharia-compliant real estate investment trust (REIT) in the USA. A Co-operative of California REIT, we are one of the safest financial institution to invest with over 28 years of proven record with 109 Quarters of profit.
This immunity and success come from our Islamic Shariah and blessings of Allah (swt), So, don’t let your money sit in the bank. Earn halal dividends every quarter, in a safe and secure investment portfolio.
Our halal investments and home buying solutions are certified by the Assembly of Muslim Jurists of America (AMJA). Generate ROI without compromising your faith.
AHC invests in Real Estate, primarily single family homes and town houses – our investment portfolio is owned in partnership with AHC and its members and are secured by homes with 20% down, with a 100% purchase success rate.
Net profit is paid as dividends to qualifying members each quarter. Dividends vary from quarter to quarter.
Our halal investments help fellow members buy homes and meet the highest accordance with the strictest Islamic principles. With Ameen Housing you get:
Helping members invest since 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 Fremont, California.
Achieved over $100,000,000 in managed assets across our investments.
AHC Key Performance as of Dec 2022
NOTE: WE ARE 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$2000.00 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
- Dividends are based on the minimum daily balance maintained on member accounts through the dividend period.
- The first dividend period begins on January 1 and ends on March 30 (at close of business)
- The second dividend period begins on April 1 and ends on June 30 (at close of business).
- The third dividend period begins on July 1 and ends on September 30 (at close of business)
- The fourth dividend period begins on October 1 and ends on December 31 (at close of business).
- Ameen Housing Co-op has a policy of announcing dividend within 60 days after the end of a dividend period.
- 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$2000.00 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.
In general, Ameen Housing Co-op (AHC) has a policy of issuing payment within 3 business days upon receipt of a written request for withdrawal of funds.
2. Ameen Housing Co-op is primarily chartered to help Brother/Sisters buy their homes riba-free. So majority of the funds remain invested and therefore may delay the funds withdrawal in the amount greater than US$100,000.
3. Use the attached “application to withdraw funds” to withdraw funds from your account.
4. For Custodial Membership Accounts, ONLY the parent or legal guardian who signed the original Application Form AND is an AHC member is authorized to withdraw funds.
5. If you withdraw funds from your account (even if your name is on “HOLD” on the AL) and the balance falls below the minimum required, you could lose your position on the “Active List”. See Regulation for details.
6. Withdrawal applications are NOT accepted via Internet or via Email to support@ameenhousing.com. 7. Completely filled out and duly signed Form can be Faxed: 408-986-9787 dropped off to the office in person or can be mailed to:
AMEEN HOUSING CO‐OP 2060 WALSH AVENUE, STE 101, SANTA CLARA, CA 95050