The Assiniboine Credit Union Islamic Mortgage is now available!

 We are pleased to announce that as of May 6th, 2010 the Assiniboine Credit Union (ACU) Islamic Mortgage is available to members of Manitoba’s Muslim community.

The Declining Partnership Agreement has been reviewed by the following members of the ACU Islamic Advisory Board and they have approved it as a financing arrangement that is compliant with the Islamic faith:

1. Shaikh Hosni Azzabi (Winnipeg, MB), Scholar of Islam and Imam for Winnipeg
2. Dr. Mohammad Iqbal Al-Nadvi (Toronto, ON), Chair of the Islamic Finance Advisory Board
3. Dr. Monzer Kahf (California, USA); Islamic finance expert who is advisor to several financial institutions worldwide and professor of Islamic banking and finance at Qatar Faculty of Islamic Studies.

The ACU Islamic Mortgage is available only through ACU’s Pembina and Bairdmore branch at 2659 Pembina Highway.  Call the Member Communication Centre at 958-8588 to book an appointment with one of the Islamic Mortgage Specialists at that branch. They can assist you to purchase a home or transfer your existing mortgage to one that is compliant with your Islamic faith.

Visit ACU’s website at www.assiniboine.mb.ca for more information about the ACU Islamic Mortgage product.