The main objective of the ISNA Housing Cooperative (IHC) is to provide interest free house ownership to the Muslim community. The Cooperative does not deal with borrowing/lending money from/to other institutions but relies on the funds provided by its members in terms of shares subscriptions. The motive of the investors is to facilitate the provision of funds for other members who would plan to occupy and potentially purchase a housing unit from the Cooperative. Member investors who intend to purchase housing unit would accumulate shares to qualify for the house purchase. The members who hold membership shares are entitled to receive the dividend on their investment shares as announced by the Cooperative Board until they enter into an Occupancy Agreement. The IHC is operating under the Ontario Co-operative act with the approved Offering Statement by the Financial Service Commission Ontario (FSCO).