The Masjid has experienced significant growth in attendance over the past 10 years but only a small increase in space. A new property has been identified that could provide additional space and help accommodate future growth. The purchase price is $6.53 million, with $2 million as a down payment. An additional $1 million is needed to complete the financing before the February deadline. Trustees are asking the community to help raise the remaining funds so this new space can be acquired.

1. Building for the Next Generation

2. Board of Trustees responsibility
• The general management, maintenance, renovation, and expansion of the Masjid and
other real estate properties;
• Taxes, insurance, and legal matters pertaining to the Masjid and other real estate
properties.
Members:
• Azeem Syed-Ex-Chair
• Abdul Aziz, Kamal Koraitem, Syed Reza, Atef Ibrahim, Hassnain Malik

3. Our Growth
The MCA community has been growing
tremendously, and that growth in numbers has
not been accompanied by an appropriate
growth in space

4. Our Growth – overall
MCA Weekly Attendees
5000
4000
3000
375% growth in attendance
13% growth in space
2000
in 10 Years.
1000
0
2000 2004 2008 2012

5. Our Growth – Granada Islamic School
GIS Missed Opportunity Projection Current
700
600 If 50% of waiting
500 list was accepted
400
since 2008, total
300
enrollment in
200
2012 would have
100
0
been 610
2008 2009 2010 2011 2012 students.

7. Our Growth – Youth
The current youth room suffers from:
Lack of space
Lack of study area
Lack of segregation

8. Our Proposed Solution

9. 3033 Scott Blvd (MCA 2.0):
Current MCA: 100,000 ft2
New building: 33,000 ft2
90,000 ft2
We could not have asked for a
more strategic location.

11. Financing the Project
Existing funds
Shortage
• Purchase price is $6.53M
• Will pay $2m in down payment. Need
to complete before February 8.
• Will take a Shariah-compliant Ijara $4.5 M $1M $1M
loan from Devon Bank in Chicago for
$4.53m Sharia Compliant Loan Down payment
• AMJA (Assembly of Muslim Jurists of
Dec 11th Feb 8th
America) gave them the highest
ratings out of all Islamic financial 60 days
institutions
Conclusion: We need to raise $1MM

12. “When a community is not growing, it is dying.”
-Sheikh Alaeddin Elbakri
Alhamdulillah,
we have been growing
The time to act is now!