RETIREMENT INCOME WITHOUT RIBA.

Halal distributions built for the withdrawal years.

Yes — Tawakkul REIT units can be held in a self-directed RRIF or LIF.

After 71, your RRSP must become a RRIF — and the withdrawals begin. Tawakkul targets regular distributions from rental income, which aligns naturally with what a RRIF is required to pay out.

Coming From a LIRA? You Need a LIF.

Locked-in pension money converts to a Life Income Fund (LIF), not a RRIF. A LIF works like a RRIF with both a minimum and a maximum annual withdrawal under pension law.

Olympia Trust administers LIF accounts, and Tawakkul units can be held inside them. Pension, old LIF, LRIF, and LIRA balances can all transfer in.

Protect Your Government Benefits

RRIF withdrawals count as taxable income — they can reduce GIS and trigger the OAS clawback. If you also hold a TFSA, holding Tawakkul units there produces halal income that never touches your benefit calculations.

Our team can help you think through which account holds what.

Straight Talk on Liquidity

Tawakkul has limited redemption features. Your Drake dealing representative will confirm the Trust’s liquidity terms fit your withdrawal schedule before you subscribe.

We would rather lose a subscription than misplace one.

How It Works

Open a self-directed RRIF (or LIF) with Olympia Trust Company

Transfer your RRSP or LIRA — from us or from any institution

Subscribe through Drake Financial Ltd. Distributions accumulate inside the account and help fund your annual withdrawals.

The Numbers

Convert by 71

Your RRSP must become a RRIF by the end of the year you turn 71

Minimum annual withdrawal

Set by age — no maximum on a RRIF

Younger spouse advantage

Basing withdrawals on a younger spouse’s age lowers the minimum

Tax-deferred growth

Growth remains tax-deferred inside the account

Targeted cash distribution

5% annually*

Frequently Asked Questions

Can I transfer my RRIF from another institution?

Yes, tax-free.

Are withdrawals taxed?

Yes — RRIF and LIF withdrawals are taxable income, as at any institution.

What happens to my RRIF when I pass away?

A spouse named as successor annuitant continues the account tax-deferred; beneficiary designations generally bypass probate. Align your designations with Islamic inheritance principles — our team can point you to qualified guidance.

How is zakat handled in retirement accounts?

Scholarly opinion differs on locked and tax-deferred funds. Consult a qualified scholar — we can connect you with IFAB guidance.

Invest Now!

Speak with Amir Frcic, Dealing Representative, Drake Financial Ltd.

Trusted by

No debt. No riba. No compromise. Faith-built wealth for a modern world.

Targeted returns are projections based on assumptions in the Offering Memorandum and are not guaranteed.

This illustration is for informational purposes only and is not intended to provide specific financial, investment, tax, legal, or suitability advice.
The projected returns shown are hypothetical and based on the assumptions within the Offering Memorandum.
Actual results may differ significantly due to market conditions, fees, taxes, and other factors.
Past performance is not indicative of future results. No assurance or guarantee of any investment outcome is expressed or implied.
See the Offering Memorandum for more information. Subscriptions available through Drake Financial Ltd. an Ontario Securities Commission registered Exempt Market Dealer.
Any investment decisions should be made after consultation with our Exempt Market Dealer.
This material does not constitute an offer to sell or a solicitation to buy securities and is provided for discussion purposes only.

Subscriptions available through Drake Financial Ltd., an Ontario Securities Commission registered Exempt Market Dealer. For suitability, contact Amir Frcic, Dealing Representative, at +1 (905) 949-9119. Zakat and estate-planning information is educational only and not a religious ruling or legal advice; consult a qualified scholar and advisor.