We have an independent Shariah Board comprised of notable scholarly authority headed by Justice Muhammad Taqi Usmani, who is also the Chairman of the Shariah Board for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Our operations are purely focused on providing Shariah-compliant products and services. Guidance Residential is neither a subsidiary nor an operator of a riba-based banking institution.
The Declining Balance Co-ownership Program of Guidance Residential has been endorsed by the Assembly of Muslim Jurists of America (AMJA) - an advisory group to the Muslim-American public with experts in Islamic jurisprudence.
We have financed over $4 billion for over 17,000 Muslim-American families, which makes us a leader in the Islamic home financing market with about 72% market share.
We believe in contributing significantly for the development of our society. In view of this, $2 million has been given back to the Muslim-American community through several corporate social responsibility initiatives.
Please allow me to thank you for your professionalism, attention to details and above all your unparalleled ethical and moral character. This has been the smoothest, headache-free business transaction I have ever been involved in. Please stay the course; you are an asset to our community. Looking forward to our next deal Inshallah!
I was nervous about going with an "unconventional" lender and received words of caution from my realtor as well because of it. However, my convictions led me to give it a try and hope for the best. Now that we are nearing the end of this process, I wanted to thank you for your diligence, being readily available, quick with responding to e-mails as well as thorough with your answers and offering a competitive home financing package. This combination of services makes me feel confident that I made the right choice and your high level of service has made what can be an over-whelming process and commitment to be manageable and pleasant.
My wife, Maya and I, were happy to have you serve our needs for our home financing. We really appreciate all the help and support you provided us in a timely and professional way.
Three excellent factors of our experience with Guidance: 1)The willingness of our AE to explain every aspect of the program and answer my questions thoroughly (it was our first home purchase). 2) The quick response throughout the process from both our AE and account manager. 3) The fact that a loan through Guidance was nearly the same cost as a traditional fixed-rate mortgage (we'd checked for comparison). I had an extremely positive experience and plan on recommending Guidance to family and friends interested in shari'a compliant financing.