North York Muslim Association North York Muslim Association

Own a Share
in a Masjid

Earn the reward of building a house of Allah — and a halal return on your capital.

If you have capital sitting idle — or earning in ways that don't quite sit right — here is a chance to put it to work the halal way: help fund a permanent masjid in the heart of uptown Toronto, co-own the property, and have your capital returned through a Sharī'ah-compliant partnership, in shā' Allāh.

Register Your Interest →
Registered Charity · CRA 819984790RR0001 20+ Years Serving North York Sharī'ah-Compliant Partnership

The Community

After 20 years in a temporary space, this community needs a permanent home.

NYMA has served the Muslim community at Yonge and Sheppard — one of the busiest intersections in uptown Toronto — for over two decades, Alhamdulillah. But the reality is this: our daily prayer space fits barely 20 to 30 people. Every Friday, we rent a hall for Jumu'ah. Every Eid, another rental. Every Ramadan, we squeeze into borrowed spaces.

The current cramped daily prayer room
Our current daily prayer space — barely 20 to 30 people fit.
A rented hall used for Jumu'ah prayer
Every Jumu'ah and Eid, we rent a hall just to pray together.

After more than twenty years of renting, that chapter is now drawing to a close. The building's management has served notice for NYMA to vacate its current space by September 30, 2026. The community isn't looking for another temporary home — Alhamdulillah, it is ready, at last, for one of its own.

In 2025 Alone

A community this alive — held inside a single rented room.

100,000+prayers offered
over the year
50new Muslims
welcomed, SubhanAllah
3,000Qur'an translations
shared
2,000iftar meals served
during Ramadan

Qur'an classes, a weekend Islamic school, youth programs, da'wah, community events — all from a room that fits thirty.

The Opportunity

We found the property. Alhamdulillah, the deposit is locked in.

NYMA is acquiring two adjacent properties at 120–128 Sheppard Avenue West — minutes from where we already serve, in the heart of uptown Toronto. A permanent masjid and community centre under one roof: daily prayers, Jumu'ah, Qur'an school, youth programs, Ramadan, in shā' Allāh.

Aerial view of 120 and 128 Sheppard Avenue West
120 & 128 Sheppard Ave West — our future permanent home, in shā' Allāh.

To complete the purchase, we need

$3.445 million

We're not asking you to give it away — we're inviting you to co-own this property through a halal partnership. You participate; NYMA pays you back, with a halal return, in shā' Allāh.

Closing Deadline
September 30, 2026
The purchase must be completed by this date. Investors should plan to register their interest before the closing date, as onboarding takes time — we want to walk you through everything properly, in shā' Allāh.
Register Your Interest →

The Partnership

A halal partnership — not a donation.

This is a Diminishing Mushārakah: a co-ownership structure where you and NYMA jointly own the property. NYMA pays rent on the share you hold — that is your halal return — and buys your share back over time, until your capital is fully returned to you. No interest. No ribā. Real ownership in a real asset.

A teaching circle at NYMA
The halaqahs and classes your investment helps make permanent.
Children learning Qur'an at NYMA
A home where the next generation learns to read the Qur'an.

It is the same proven structure used in Canadian Muslim communities for over forty years — and the same model Toronto Islamic Centre used to secure their permanent home at 817 Yonge Street, guided by the very advisors now working with NYMA: Pallett Valo LLP on the legal side and Fareed Sheik LLP on tax.

The full structure, terms, and eligibility are shared privately, one-on-one, with those who register their interest.

مَّن ذَا ٱلَّذِى يُقْرِضُ ٱللَّهَ قَرْضًا حَسَنًۭا فَيُضَـٰعِفَهُۥ لَهُۥٓ أَضْعَافًۭا كَثِيرَةًۭ ۚ وَٱللَّهُ يَقْبِضُ وَيَبْصُۜطُ وَإِلَيْهِ تُرْجَعُونَ

"Who will lend to Allah a good loan which Allah will multiply many times over? It is Allah ˹alone˺ who decreases and increases ˹wealth˺. And to Him you will ˹all˺ be returned."

Qur'an 2 : 245

Whatever you place in this house of Allah is never truly spent. Even as your capital returns to you, the reward of what it builds keeps multiplying — every prayer offered within these walls, every child taught to read the Qur'an, every soul guided to Islam — written for you for as long as it stands, bi'idhnillāh.

"Whoever builds a masjid for Allah, Allah will build for him a house like it in Paradise."

— Sahih al-Bukhari & Sahih Muslim

Take the First Step

Register Your Interest

It's not a commitment. Share your details and a member of the NYMA team will follow up with you personally to walk through everything, in shā' Allāh.

Register Your Interest →

No payment is collected. Your information is kept private.

Common Questions

No. This is a halal co-ownership opportunity — your capital is intended to be returned to you, with a halal return. If you'd prefer to give a straight donation, that's always welcome separately through our main website.
A member of the NYMA team reaches out to you personally — to share the full details, answer your questions, and walk you through the structure and next steps. There's no obligation at any point.
Yes. The Diminishing Mushārakah is a widely recognized halal partnership that has been used across Canada for over forty years, Alhamdulillah. Genuine co-ownership, real rent — no interest, no ribā.
The property closing is set for September 30, 2026. Because onboarding takes time, we encourage anyone interested to register their interest well before that date so we can walk through everything properly.
NYMA is a registered Canadian charity (CRA 819984790RR0001) that has served North York for over twenty years. The legal structure is handled by Pallett Valo LLP and tax advisory by Fareed Sheik LLP — the same team that helped Toronto Islamic Centre secure their permanent home at 817 Yonge Street.