TTawakkul
Start

Invest

The fundsCompare the optionsRegistered accountsNon-registered and corporatePrivate WealthHow it works

Shariah

Certification and scopeThe FatwaBoard of Shariah AuditorsZakat calculatorGrowth calculator

Learn

Tawakkul AcademyQuestionsCanadian housingWho holds your money

Partner with us

Tawakkul Private WealthInstitutional and waqf capitalFor advisors and dealersCommunity partnershipsAll the ways to partnerCheck you are dealing with us

Own property

The Share Swap ProgramBring us your propertyWhat Canada has instead of a 1031 exchangeCommunity partnerships

Live in one

Living at a Tawakkul communityThe published rents, city by cityJoin the interest listHow affordable housing worksThe communities

Tawakkul

AboutThe managerBoard of AdvisorsCommunitiesInvestor portalYour accountFollow us
Register your interestStart your subscription
Every subscription is reviewed and approved by Drake Financial Ltd., a registered exempt market dealer — independently of Tawakkul. Why that matters

North York, Ontario · In development

Al Andalus North York

The Al Andalus model brought to North York, with Imdadul Islamic Centre as the anchor institution.

Looking to live here rather than invest? The rents, the eligibility and the interest list
Board members of Tawakkul and Imdadul Islamic Centre seated together after a joint meeting
The boards of Tawakkul and Imdadul Islamic Centre, after a joint meeting.
Members of the Tawakkul and Imdadul Islamic Centre boards
Tawakkul and Imdadul, again — the relationship the project is built on.
Anchor partnerImdadul Islamic Centre · Masjid
LocationNorth York, Ontario
Type55+ residential development
StatusIn development

The project

A residential development for older residents alongside an established North York masjid, in a part of the city where housing costs have pushed longstanding congregants further and further out.

Why here

When a congregation disperses because nobody can afford to live nearby, the institution survives on paper and dies in practice. Housing next to the masjid keeps the community that built it.

What investing means, and does not mean. Subscribing to the Trust is not the purchase of a unit in this building and does not give you a right to live in it, or any claim over this specific property. You are subscribing for units in a trust that invests across the Tawakkul Master Limited Partnerships. Specific holdings are set out in the Offering Memorandum.

Other communities

Al Andalus MississaugaMississauga, OntarioÉcole Ibn BatoutaOttawa, OntarioMasjid Anwar-e-MadinaSurrey, British Columbia

Two ways to be part of this

Invest in it, or give to it.

These are different things and they are not in competition. One is a subscription for units, reviewed by a registered dealer, on which you can make or lose money. The other is a gift to the institution, which you will not get back and which is not an investment at all.

Invest Subscribe for units of Tawakkul REIT
  • From $500, in an RRSP, TFSA, FHSA, RESP or outside a plan
  • You own a fractional interest in the Trust, not in this building
  • Reviewed and approved by Drake Financial, a registered dealer
  • You can make money. You can also lose all of it.
Start a subscription Or have the details sent to you first
Give Support Imdadul Islamic Centre directly
  • A gift to the institution itself, not to the fund
  • Tawakkul takes nothing from it and does not handle it
  • Where the organisation is a registered charity, it can issue a receipt
  • Sadaqah jariyah — it is not expected to come back to you
How the partnership works Or call and we will put you in touch
One thing to be clear about, because it is the most common misunderstanding. Subscribing does not buy you a unit in this building, a right to live in it, or any claim over it. It buys units in the Trust, which invests across several developments. If what you want is to help this specific institution, give — that does exactly what you intend, and a subscription does not.

Al Andalus North York

Have the details sent to you.

The Offering Memorandum, what stage Al Andalus North York is actually at, and a person who answers questions. No obligation, and we will not chase you.

Or call 905 949 9119.

From $500. This is not a commitment — it just tells us who to put you with.

How would you like to invest? Choose any.

We will send you the Offering Memorandum and follow up once. Your details go to Tawakkul and to Drake Financial, who would handle any subscription.

For residents, not investors

Want to live here?

Everything above is written for someone deciding whether to invest. This part is for someone deciding where to live. They are different questions and they deserve different answers — you do not have to invest a dollar to be on this list, and investing does not move you up it.

Toronto · 2026 schedule

What the authorities say affordable rent is here.

City of Toronto
Published affordable rent and income figures for Toronto
HomeMonthly rentIndicator income
Studio$1,127$45,072
One bedroom$1,426$57,059
Two bedroom$2,055$105,487
Three bedroom$2,351$113,878

Read this column carefully. These are not tenant eligibility limits — the City publishes none. They are the incomes the City uses to derive the rent, at the 50th percentile for a studio and the 60th percentile for everything else.

These are the figures the authority named beside them has published. They are not Tawakkul rents. Rents at this project have not been set, and they will be published before anyone is asked to apply.

Toronto's definition is the lesser of two tests: one times the CMHC average market rent for that unit type, or 30% of the before-tax monthly income of renter households. In 2026 the studio and one-bedroom figures are set by the income test and the two- and three-bedroom figures by the market test.

For reference, CMHC's October 2025 survey put average market rent in Toronto at $1,491 for a studio, $1,761 for a one bedroom, $2,045 for a two bedroom and $2,294 for three or more.

Programme: Official Plan definition of Affordable Rental Housing, administered by the Housing Secretariat. Source: toronto.ca — Occupancy costs for affordable housing, checked August 2026.

Al Andalus North York

Tell us what you would need.

We will write to you when rents are set, when the design is settled and when applications open. No obligation, and nothing to pay.

Or call 905 949 9119 and ask for the housing team.

How affordability works, in full

This community is designed for people over 55, so it helps to know.

Anything that would matter to you? Choose any.

Only because affordable homes carry income ceilings set by the municipality, not by us. If your household is above the ceiling we would rather tell you now than let you wait for a letter that says no. Leave it blank if you would rather.

This is not an application and it does not hold a place for you. There is no queue yet, and nobody who joins this list is ahead of anybody else. It means we have your name, and that you hear from us before anyone else does.

Invest alongside this community.

Four questions to see what applies to you.

Start your subscription Send me the Offering Memorandum

Or book fifteen minutes, or call 905 949 9119 and we will walk you through it.

WhatsApp

One email a month.

What is being built, what is opening, and what we are learning about halal investing in Canada. No selling, and one click to stop.

By subscribing you consent to receiving commercial electronic messages from Ahmed Asset Management Inc., 1–1024 Dundas Street East, Mississauga ON L4Y 2B8. Unsubscribe from any message.