Founded in 2012, Ameen Housing Co-operative is a member-owned financial institution designed to help the Muslim community achieve homeownership in the United States without violating the Islamic prohibition of Riba (interest). The company operates on a declining balance co-ownership model, where Ameen Housing and the member jointly purchase a property. The member makes monthly payments to gradually buy out the cooperative's share and increase their own equity, eventually achieving full ownership. This model provides a Halal (permissible) path to home financing, aligning with the financial and ethical principles of its members.

Founded in

United States