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.

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, or we risk losing the property.
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, 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.

وَأَنَّ ٱلْمَسَاجِدَ لِلَّهِ فَلَا تَدْعُوا۟ مَعَ ٱللَّهِ أَحَدًا

"The places of worship are for Allah alone — so do not invoke anyone besides Him."

Qur'an 72 : 18

Your capital helps raise a house of Allah — and even as it returns to you, the reward keeps coming. Every prayer offered within its walls, every child taught to read the Qur'an, every soul guided to Islam — for as long as it stands, that reward is written for you, 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. If we don't complete the purchase by then, we risk losing it — which is why we're reaching out to the community now.
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.