Connect with us

#Life

Sponsored: Why is Guidance Residential the #1 U.S. Islamic Home Financing provider?

MuslimMatters

Published

For many working Muslim-Americans, home ownership is something beyond the fulfillment of the quintessential American Dream. It is a major financial investment that must resonate with their faith. A company in this space must not only adhere to Islamic financial principles but also apply it in the modern mortgage market. The answer is a Sharia-compliant home financing company—Guidance Residential.

Guidance Residential entered the Islamic home finance space and quickly became the country’s leading provider of Sharia-compliant home financing owing to the below reasons.

  • $3.3 billion financed for Muslim-American homeowners
  • Strict Sharia-compliance — Guidance’s operations are purely focused on Sharia-compliant products and services. Guidance is neither a subsidiary nor an operator of a Riba-based banking institution.
  • Independent Sharia board comprised of notable scholarly authority headed by Justice Muhammad Taqi Usmani
  • AMJA endorsement of Guidance’s Declining Balance Co-ownership Program
  • $2 million donated for Muslim-American community initiatives

After three years of development, a multi-million dollar research and development budget, and discussions with 18 law firms, Guidance Financial Group (parent company of Guidance Residential and in turn a subsidiary of Capital Guidance) unveiled the ‘Declining Balance Co-ownership Program’ that provides a fully riba free Sharia-compliant home financing option.

Support MuslimMatters for Just $2 a Month

MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

As the #1 U.S. Islamic Home Financing provider, Guidance has financed over $3.3 billion to Muslim-American homeowners. This has been possible mostly because of strict Sharia compliance and the efficacy of an independent Sharia board.

Guidance retains the most authoritative Sharia supervisory board in America and comprises of world-renowned scholars many of whom currently serve or have served on the board of the industry’s leading standard setting body, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Chairman of AAOIFI’s Sharia Board, Justice Muhammad Taqi Usmani, is the long time Chairman of Guidance’s Independent Sharia Board.

More recently, the Assembly of Muslim Jurists of America (AMJA), an advisory group to the Muslim-American public with experts in Islamic jurisprudence, issued a statement of support for Guidance and its program. After a review of all Islamic home financing programs that claim to be Sharia-compliant, AMJA named Guidance Residential and its Declining Balance Co-ownership Program as a permissible path to Muslim-Americans in need of home financing.

Since 2002, Guidance has supported many community-based organizations and has quickly become the largest corporate sponsor of Muslim-American community initiatives. Guidance has committed nearly $2 Million in a span of 12 years for such initiatives.

Guidance Residential has become the #1 U.S. Islamic Home Financing provider through the dedication of its team, an eye for a quality finance product and strict adherence to Sharia compliance. A famous teaching by Bukhari states, “A person’s happiness includes a big house, a good neighbor, and a steady mount.” I think we can all agree that if you add a sound financial partner to the mix, the sky is the limit!

Support Our Dawah for Just $2 a Month

MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

1 Comment

1 Comment

  1. Avatar

    Tariq

    May 26, 2015 at 4:58 AM

    On fixed income. How can you help me?

Leave a Reply

Your email address will not be published. Required fields are marked *

..

MuslimMatters NewsLetter in Your Inbox

Sign up below to get started

Trending