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

Advisor and dealer channel

The due diligence package, and a person to take your call.

If you are a registered representative, portfolio manager or dealer looking at this for a client, you are in the right place and the rest of this website is not written for you. Everything below is the material you need to satisfy your know-your-product obligation, and the name of the person who answers when you ring.

Dealer of recordDrake Financial Ltd.Registered exempt market dealer. Chief Compliance Officer: N. Boyle.
ManagerAhmed Asset Management Inc.Asset manager to the Trust.
Fee-based accountsSeries F unitsFor accounts where you charge your own fee directly.

What is in the package

Sent as one file, usually the same business day. Nothing in it is behind a click-wrap or a registration wall you have to argue with.

Offering MemorandumThe current OM for Tawakkul Real Estate Investment Trust, including Item 7 compensation, the redemption terms and the full risk factors.
Audited financial statementsPrepared under the Trust's audit engagement with PricewaterhouseCoopers.
Valuation and NAV policyHow net asset value is struck, by whom, on what cycle, and what an investor is priced at on subscription and on redemption.
The Fatwa and its scopeThe written ruling dated 6 November 2025, the three signing scholars, and a plain statement of which fund it covers and which it does not.
Service provider listTrustee, fund administrator, registered plan trustee, auditor and legal counsel, with the role each one actually performs.
Subscription and KYC formsThe current forms, including the exemption certificates, so you can see what your client will be asked to sign.

The things a reviewer asks first

Who holds the assets?TSX Trust Company is the Trust’s sole trustee. Subscriptions are payable to the Trust and received into a bank account in the Trust’s own name, maintained under the trustee’s authority. Neither the manager nor this platform holds client money at any point.
Who keeps the unitholder register?Pinnacle Fund Administrators, independently of the manager. Registered plans are held by Olympia Trust.
What is the liquidity profile?Monthly redemption on 30 days' notice with payment within 30 days after, a $50,000 monthly aggregate cap across all unitholders, and an early redemption fee starting at 6% in year one and falling to nil after five. Treat it as illiquid.
How is it priced?Net asset value per unit per series, struck at 4:00 p.m. Toronto time on the last business day of each month. Not exchange traded, no secondary market, transfer requires the manager's written consent.
What is the compensation?Set out in Item 7 of the Offering Memorandum. We will not quote a number on a web page that the OM states precisely — read it there and ask us anything that is unclear.
What is the track record?The Trust is a current offering, and its own performance history is short. The principals' record managing their own private portfolio is published separately, with the third-party CPA engagement described exactly as it was scoped. Judge it on what it is.

How business is transacted

  1. Request the package. Use the form below or call. You will receive it as one PDF bundle with a covering index.
  2. Speak to Drake Financial. Subscriptions are processed through the registered dealer. If you are at a different firm, that is a conversation about a referral or a selling arrangement, and Drake handle it.
  3. Suitability stays with the registrant. If your client is yours, your firm's suitability determination governs. Above $30,000 the Offering Memorandum exemption requires recorded advice from a registrant, and it can be yours.
  4. Your client's paperwork. We prepare and pre-fill the subscription package rather than sending your client to a web form. Registered plan transfers go through Olympia Trust.
Can my client hold this in a registered plan?
Yes — RRSP, TFSA, FHSA, RESP, LIRA, RRIF, LIF and spousal RRSP, through Olympia Trust as plan trustee, as well as non-registered and corporate accounts.
Is there a version of this for fee-based accounts?
Series F. It is the series intended for accounts where you charge your client a separate fee, so that compensation is not paid twice for the same relationship.
Do you deal directly with my client behind me?
No. If a client comes to us through you, the file says so and stays that way. Attribution is recorded at first contact.
What is the minimum for a non-individual?
A corporation, trust or foundation subscribing under the minimum amount exemption commits $150,000. Series I, for institutional allocations, has a $500,000 minimum.
Will you present to our investment committee?
Yes. The manager and the dealer will both attend, and we would rather answer the difficult questions in the room than in writing.

Advisor and dealer enquiries

Request the due diligence package.

Tell us who you are and where you are registered. It goes to a person, not a queue, and it is answered the same business day where we can.

Or call 905 949 9119 and ask for the advisor desk.

This is not a commitment — it tells us which dealing representative to put you with.

How would the subscription be held? 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.

Placing your own capital rather than a client's? Tawakkul Private Wealth is the page for that.

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.