Is there a halal mortgage for an investment property?

Most halal home financing in the US is only for a home you'll live in. Neeyah is the same: we co-own homes with families who live in them, and we don't co-own rentals or second homes. Ameen Housing, for example, also funds only primary residences.

So if you want to own rental property without riba, the question becomes: how do you invest in rental homes without borrowing?

Your options

Buy with cash. No debt, full ownership, all of the rent. But it takes a lot of capital for one property, and you carry all of the risk of that single home and its tenant.

Buy with partners. Several investors pool cash and own a property together, sharing the rent and the risk by ownership. It works best with clear written terms, including how someone exits.

Invest in a fund that owns homes outright. Instead of owning one property, you own a share of many, with someone else handling the work. The things to check: does the fund use debt, are its assets real homes it owns, how are returns earned, and how do you get your money out?

The landlord problem

Even with clean financing, a regular rental comes with tenants who have no stake in the home: turnover, vacancies, repairs, and calls at 2 AM. That's the part most people underestimate, especially with a property in another state.

Investing in co-owned homes with Neeyah

Neeyah Fund owns its share of homes that families live in and are buying over time. Investors earn from the rent residents pay on the fund's share, and from appreciation as residents buy more of their homes. The fund uses no debt. Because the family living in each home owns part of it, they look after it like owners do.

The fund is open to accredited investors only. You can learn how investing works.