Ansar Financial and Development

What Ansar Financial and Development does

Ansar Financial and Development Corporation (CNSX: AFD) is a publicly traded Canadian real estate investment and development company headquartered in Scarborough, Ontario, with operating geographies concentrated in Alberta. Its core operating asset is the Ansar Industrial Park, a 185-acre landholding on Trans-Canada Highway in Strathmore, approximately 20 km east of Calgary, Alberta, with an approved Area Structure Plan designating future industrial/commercial use. The company subdivides the land into 2–5 acre industrial lots, pricing developed lots at $200,000–$250,000 per acre and raw land at $70,000–$75,000 per acre, with Phase 1 targeting approximately $9M in sales revenue across 14 lots (~40 acres) and full project economics of approximately $27M on 120 acres at $225,000 per acre; expected profit is $1.5M (Phase 1) and $4M (full project) on incremental investment of $3M and $9M respectively. Beyond land development, Ansar distributes Sharia-compliant financial products via its ecosystem: Al-Amin Association offers an Interest Free RRSP, and a separate Interest Free Housing program operates at ansarhousing.com, with Cypress Creek Development as an additional linked project. The company is led by Chairman & CEO Mohammed Jalaluddin, with public-market servicing via Computershare as transfer agent, and declared a $0.03 per share dividend in May 2025.

Name

Ansar Financial and Development

Legal name

Ansar Financial and Development Corporation

Website

https://ansarfinancial.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Ansar Financial and Development Corporation is a publicly traded Canadian real estate developer developing the 185-acre Ansar Industrial Park near Calgary, Alberta, while also distributing Sharia-compliant interest-free financial products including RRSPs and housing financing.

Ownership category

akta.pro rank

Product category

Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

akta.pro secondary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Real estate development
• Industrial land sales
• Sharia-compliant finance
• Interest-free investment
• Land subdivision

Headquarters

HQ city

Scarborough

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Dividend Payments: The company declares and pays dividends to shareholders. In May 2025, a dividend of $0.03 per share was authorized for shareholders of record as of June 12, 2025, with ex-dividend date June 6, 2025 and payable date July 3, 2025.
2. Land Development and Sale: Purchase, development, and sale of residential lots near Edmonton Airport and commercial/industrial lots near Calgary, Alberta. Revenue generated through lot sales at $200,000-$250,000 per acre for developed industrial lots.
3. Joint Venture Projects: Partnership arrangements for land development projects including the Ansar Industrial Park project near Strathmore, Alberta.

Pricing tiers

Distribution channels2 records

Marketing channels4 records

Core offering

Ansar Financial and Development Corporation acquires raw land, secures municipal and County approvals (Area Structure Plan, environmental, traffic, and water management reports), subdivides and services the land, and sells industrial and commercial lots in Alberta. Its flagship project is the 185-acre Ansar Industrial Park on the Trans-Canada Highway near Strathmore, approximately 20 km east of Calgary. The company also facilitates interest-free RRSP and housing financing products through affiliated organizations to serve Muslim communities seeking Sharia-compliant financial solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Interest Free RRSP Registered Retirement Savings Plan (RRSP) offered through Al-Amin Association, a non-profit organization providing interest-free investment opportunities for Muslims in Canada seeking Sharia-compliant retirement savings.
• Interest Free Housing
• Industrial Land Development Acquisition, planning, subdivision, infrastructure development, and sale of residential and commercial/industrial lots in Alberta, including the Ansar Industrial Park project near Strathmore/Calgary.
• Ansar Industrial Park 185-acre industrial land development project on Trans-Canada Highway in Strathmore, approximately 20 km east of Calgary, Alberta, with an approved Area Structure Plan. The project is subdivided into 2-5 acre buildable lots for industrial and commercial buyers, with Phase 1 encompassing approximately 40 acres (14 lots) and full development extending to 120 acres at $225,000 per acre.
• Cypress Creek Development Real estate development project referenced via the Ansar Financial Group website linking to cypresscreek.ca, associated with the company's broader land development portfolio.

Quantifiable outcome

• Expected Phase 1 profit of $1.5 million on $3 million investment
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Al-Amin AssociationminorStrategic or Co-development PartnerNon-profit organization established to help Muslims find interest-free investment opportunities. Offers RRSP (Registered Retirement Savings Plan) products. The partnership provides interest-free investment options for shareholders and customers seeking Sharia-compliant financial products.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Manzil Financial Services: Canadian provider of Islamic financial services and Sharia-compliant mortgages. Comparable to Ansar in targeting the underserved Canadian Muslim community with interest-free/ethical financial products.

Direct peers

• Anthem Properties: Western Canadian real estate developer and investor active in residential, commercial, and industrial projects in BC, Alberta, and Saskatchewan. Comparable to Ansar in its multi-product, multi-province land development approach.
• Genesis Land Development Corp: Calgary-headquartered land developer and homebuilder focused on residential and mixed-use communities in the Greater Calgary region. Comparable to Ansar's Alberta-based land acquisition, subdivision, and lot-sale business model.
• Beedie Development Group: Western Canada's largest privately-owned industrial real estate developer, focused on industrial parks and logistics facilities in BC and Alberta. Comparable to Ansar in its industrial park development focus near major Western Canadian transportation corridors.
• Dream Industrial REIT: Canadian REIT focused on acquiring, owning, and managing industrial properties across Canada and Europe. Comparable to Ansar as a Canadian industrial real estate participant, though Dream operates as a buyer of stabilized assets rather than a developer.
• Melcor Developments: Alberta-based real estate developer with a long history of community and industrial/commercial land development across Western Canada. Closely comparable to Ansar given its regional focus on land subdivision and development of entitled parcels.

Broad incumbents

• Morguard Corporation: Canadian diversified real estate company owning and managing a portfolio of office, retail, industrial, and multi-suite residential assets. Comparable as a Canadian real estate operator with industrial exposure, though at much larger scale.

Regional players

• Qualico Communities: Western Canadian land developer and homebuilder with projects across Alberta, Saskatchewan, Manitoba, and BC. Comparable to Ansar in its land development and subdivision operations within Alberta and adjacent provinces.
• Trico Communities: Calgary-based residential developer and builder active in master-planned communities across Alberta. Comparable to Ansar as a Western Canadian land developer, though focused on residential rather than industrial subdivisions.

Others

• Al-Amin Association: Canadian non-profit providing Sharia-compliant, interest-free investment products including RRSPs. Currently an Ansar partner, this entity represents an adjacent/partner relationship for Ansar's interest-free RRSP offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ansar-financial-and-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ansar Financial and Development