Skip to main content
HalalWallet is now on iOS & Android- budgeting, zakat & major-purchase planning
Home Financing comparison

Ameen Housing Cooperative vs Mubarak Mortgage

Ameen Housing Cooperative and Mubarak Mortgage both offer home financing - Ameen Housing Cooperative in California, Mubarak Mortgage in 26 states. This page lines up 18 listed data points side by side, with 8 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Oct 2026

At a glance

  • Ameen Housing Cooperative lists California; Mubarak Mortgage lists 26 states.
  • Ameen Housing Cooperative uses Musharakah; Mubarak Mortgage uses Murabaha (cost-plus sale).
  • Both disclose the same level of Shariah oversight: Third-Party Certified.
  • HalalWallet Index: Ameen Housing Cooperative holds a B-; Mubarak Mortgage holds a A-.
  • On measurable rows, Ameen Housing Cooperative has the better listed value on 1 and Mubarak Mortgage on 2.
  • They differ on 8 of the 18 data points we list for home financing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Ameen Housing Cooperative vs Mubarak Mortgage: the full side-by-side

18 data points from each provider's published materials, lined up row by row. They differ on 8.

Ameen Housing Cooperative - halal finance provider logo

Ameen Housing Cooperative

B-
MM

Mubarak Mortgage

A-

18 of 18 rows

Availability

  • States covered

    Ameen Housing Cooperative: California
    Mubarak Mortgage: 26 states
Costs & terms

  • Minimum down payment

    Ameen Housing Cooperative: Not listed
    Mubarak Mortgage: As low as 3% for qualified borrowers (site and intake)

  • Terms offered

    Ameen Housing Cooperative: Various
    Mubarak Mortgage: Not listed

  • Maximum financing

    Ameen Housing Cooperative: $500,000 maximum AHC investment per home
    Mubarak Mortgage: Not listed

  • Prepayment penalty

    Ameen Housing Cooperative: Not listed
    Mubarak Mortgage: No

  • Late payment policy

    Ameen Housing Cooperative: Not listed
    Mubarak Mortgage: $50 late fee, donated to Islamic schools and not retained as profit (per provider intake; not published on the site)
Eligibility

  • Minimum credit score

    Ameen Housing Cooperative: Not listed
    Mubarak Mortgage: 620

  • Financing purposes

    Ameen Housing Cooperative: Not listed
    Mubarak Mortgage: Purchase, Refinance (conventional-to-Murabaha conversion)

  • Property usage

    Ameen Housing Cooperative: Not listed
    Mubarak Mortgage: Primary residence, Second / vacation home, Investment / rental property
Shariah

  • Structure

    Ameen Housing Cooperative: Musharakah
    Mubarak Mortgage: Murabaha (cost-plus sale)

  • Shariah oversight

    Same
    Ameen Housing Cooperative: Third-Party Certified
    Mubarak Mortgage: Third-Party Certified

  • Shariah board / scholar

    Ameen Housing Cooperative: third_party_certified
    Mubarak Mortgage: Imam Dr. Syed Alnajjar (endorsing scholar); SHAPE Knowledge Services fatwa (Sh. Abubakar Mohamed Musa, Mufti Ibrahim Issa); AMJA Resident Fatwa Committee review

  • Published fatwa / certificate

    Ameen Housing Cooperative: No
    Mubarak Mortgage: Yes Edge
Products

  • Products listed

    Ameen Housing Cooperative: Home Financing
    Mubarak Mortgage: Murabaha Home Financing (Purchase & Refinance)

  • Best for

    Ameen Housing Cooperative: True co-op model, 29 years profitable
    Mubarak Mortgage: Buyers and refinancers in Mubarak's 26 states who want a fixed-price Murabaha with title in their own name and as little as 3% down
Track record

  • HalalWallet Index grade

    Ameen Housing Cooperative: B-
    Mubarak Mortgage: A- Edge

  • Founded

    Ameen Housing Cooperative: 1996 Edge
    Mubarak Mortgage: 2022

  • Google rating

    Ameen Housing Cooperative: 4.8/5 (15 reviews)
    Mubarak Mortgage: Not listed

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Ameen Housing Cooperative

  • Uses Musharakah (Cooperative) - a recognized Shariah-compliant structure
  • Established provider with 30+ years of experience
  • Model evaluated and endorsed by the Assembly of Muslim Jurists of America (AMJA)
  • $180M+ in assets with 115 profitable quarters
  • Available only in California
  • As a member-owned co-operative, financing requires becoming a member first
  • Ameen Housing publishes only limited details - confirm current terms with the cooperative before applying

Mubarak Mortgage

  • Fixed total price from day one - Murabaha payments cannot reset, unlike benchmark-linked rent or usage fees
  • Title in your name at closing with no LLC or trust layer
  • Two independent scholarly reviews on the public record: AMJA Resident Fatwa Committee and a SHAPE Knowledge Services fatwa
  • Low entry: 3% down for qualified buyers and a 620 credit floor, with fast pre-approval
  • Processing, underwriting, closing, and funding run through HomeMac, LLC's lending platform, with Freddie Mac integration (per intake)
  • Licensed in 26 states - not nationwide, and not yet in New York
  • No cash-out refinancing (per intake)
  • Oversight is a single named scholar plus third-party fatwas; AMJA explicitly advised Mubarak to appoint an independent Sharia supervisory board and no multi-member board is published
  • No published profit rates or term lengths - every file is individually quoted (intake range on record: 6-8%)
  • The seller signs a Faith Based Purchase Agreement, and Mubarak's own disclosure states the buyer's and seller's obligations under U.S. law do not change - the Murabaha purchase-and-resale sits on top of a standard regulated mortgage closing with a Loan Estimate and Closing Disclosure
Ameen Housing Cooperative - halal finance provider logo

Ameen Housing Cooperative

Visit Ameen Housing Cooperative Full review
MM

Mubarak Mortgage

Visit Mubarak Mortgage Full review

Swap a provider

Keep one side and compare it against another home financing provider.

Not sure which is right? Compare all home financing providers.

Browse all Home Financing options

How do Ameen Housing Cooperative and Mubarak Mortgage compare for home financing?

Ameen Housing Cooperative and Mubarak Mortgage both offer home financing - Ameen Housing Cooperative in California, Mubarak Mortgage in 26 states. This page lines up 18 listed data points side by side, with 8 differences, so you can see exactly where they part ways before you request quotes.

  • Ameen Housing Cooperative lists California; Mubarak Mortgage lists 26 states.
  • Ameen Housing Cooperative uses Musharakah; Mubarak Mortgage uses Murabaha (cost-plus sale).
  • Both disclose the same level of Shariah oversight: Third-Party Certified.

Source: HalalWallet (halalwallet.us)

Get an email when rates change - Ameen Housing Cooperative vs Mubarak Mortgage

We'll email you only when Ameen Housing Cooperative or Mubarak Mortgage changes rates, fees, or state availability.

We only email you when something in this comparison actually changes.

Stay Updated

Get halal mortgage rate updates and new provider alerts

No spam ever. Unsubscribe in one click.

Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-10-30

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Ameen Housing Cooperative vs Mubarak Mortgage”, https://www.halalwallet.us/compare/ameen-housing-cooperative-vs-mubarak-mortgage, retrieved 2026-11-12).

For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.

How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.

Product structures and Shariah oversight vary by provider, so finish with three built-in steps:

  • Confirm current terms and halal compliance directly with the provider - their quote is final.
  • Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
  • Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.

Spot an error? Report a correction · How we handle corrections