Institutional
For capital that arrives with its own diligence process.
Family offices, endowments, foundations, waqf funds, corporate treasuries and non-individual subscribers do not need the four questions on the rest of this site — they need the documents, the governance and a conversation with the people making the investment decisions. That is what this page is for.
Non-individual subscribers$150,000 minimumUnder the minimum amount exemption. No annual investment ceiling.
Institutional seriesSeries I · $500,000For allocations sized and reported as institutional.
ProcessA named contactThe manager and the dealer, in the room, not a form.
What sits behind the allocation
Real property, held directlyCanadian residential development and income property, owned through partnerships that hold the buildings — not shares, not paper, not a fund of funds.
Two strategies under one trustAn unlevered strategy that acquires and builds with equity alone, and an income strategy that uses Shariah-compliant financing to reach community-scale developments equity alone cannot fund. You choose which one receives the allocation.
Independent custodyAssets held by TSX Trust Company as trustee. The manager cannot move client money and is not registered to hold it.
Independent administrationPinnacle Fund Administrators keeps the register and strikes net asset value. The record of what you own is not kept by the party that sold it to you.
External auditAnnual audit by PricewaterhouseCoopers, and an annual net asset value breakdown sufficient to compute zakat where that matters to your mandate.
Faith screening that is documentedA written ruling from a named board of scholars with a defined scope, reviewed at least annually — not an index screen applied after the fact.
Where this fits a mandate
Waqf and endowment capitalPerpetual capital with a permissibility constraint and a long horizon is close to the natural holder of an unlevered real property strategy. Illiquidity is the cost, and for this capital it is usually the cheapest cost available.
Foundations and charitiesReserves that must be invested consistently with the organisation's purpose, where an interest-bearing instrument is not acceptable to the board or to the community that funds it.
Corporate treasuryRetained earnings in an operating or holding company, subscribing under the minimum amount exemption with no annual ceiling.
Family officesA direct real property allocation with a stated faith constraint, alongside rather than inside the liquid book.
What we will tell you before you ask. This is a current offering rather than a fund with a decade of audited history behind it, the units are illiquid, and the redemption facility is capped monthly across all unitholders. Any diligence process worth running would surface all three in the first hour. We would rather they came from us in the first ten minutes.
Can we see the properties?
Yes. Site visits with the Asset Manager are part of how we expect this to be diligenced, not a favour.
Will you complete our due diligence questionnaire?
Yes, in your format. If your process requires an operational due diligence call with the administrator and the trustee, we will arrange it.
What reporting would we receive?
Statements and tax slips from the fund administrator, the annual audited financial statements, the annual Shariah compliance certificate, and the net asset value breakdown. Bespoke reporting for an institutional mandate is a conversation, not a refusal.
Who signs on our side, and under what exemption?
A non-individual generally subscribes under the minimum amount exemption at $150,000, or as an accredited investor where it qualifies. Drake Financial confirms the exemption and the certificates before anything is signed.
Can the allocation be split across both strategies?
Yes, and for a mandate with a permissibility constraint it is worth deciding deliberately rather than by default. The unlevered strategy is the one the published Fatwa covers.
Institutional enquiries
Start with a conversation.
Tell us what you are looking at and the constraints you are working within. We will send the institutional pack and arrange time with the manager and the dealer.
Or call 905 949 9119 and ask for the institutional desk.
Thank you — that is all we needed.
Someone will be in touch within one business day. If you would rather not wait, call 905 949 9119 or message us on WhatsApp.
Read the Academy while you waitA private individual placing six figures, or a professional corporation below institutional size? Tawakkul Private Wealth is the right door. For the tax treatment of holding units outside a registered plan, see non-registered and corporate.