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http://www.guidanceresidential.com/
That’s why we have worked closely with leading financial institutions and world
renowned Sharia scholars to develop and offer products that you can use with confidence.
Our team of financial experts and accomplished professionals are committed to
delivering quality products with the highest level of service and strict adherence to the
principles of Sharia.
Whether you are buying a home or wish to replace an existing mortgage, our Declining
Balance Co-ownership Programs allow you to enjoy the benefits of home ownership with
peace of mind.
Corporate headquarters:
Guidance Residential, LLC
11109 Sunset Hills Road, Suite 200
Reston, VA 20190
Salman Ali
Account Executive
Nora Hussein
Account Executive
Mohammed Amkor
Account Executive
Mobile (571) 251-7887
Office (866) 484-3262 ext. 849
Fax (888) 603-4046
mohammed.amkor@guidanceresidential.com
assem Abdalla
Account Executive
Periodically, Guidance hosts seminars in the states where we do business to help educate the
community on the difference between Sharia-compliant home financing and conventional riba-
based mortgages. In these seminars we present the various products available to the
community along with the eligibility requirements for each product.
Under the terms of our Program you do not repay an interest-bearing loan. Instead, you
become a co-owner with an “investor” (Guidance Residential), from whom you acquire full
ownership through affordable monthly payments.
Each payment is made of two elements. The first portion is a charge, or a “Profit Payment,”
that gives you the exclusive right to the use of the property. The remaining portion of the
monthly payment allows you to acquire an increasing share of ownership in the home until you
own it completely.
In the case of a home purchase, your initial share of ownership in the property is determined
by your initial investment. For qualified applicants, this down payment may be as little as 5
percent of the property’s value. In this case, you will start owning 5 percent, and Guidance will
own 95 percent.
If you are replacing an existing mortgage, Guidance will purchase a portion of your home and
become a co-owner with you. For qualified homeowners, we can provide a replacement
contract to finance up to 95 percent of the appraised value of your property. This allows you
to cash out some of your equity to use for home improvement, college tuition or other
worthwhile purposes.
Guidance Residential understood exactly what we needed and had the Sharia-compliant products
that were interest-free, very competitively priced and offered more benefits than conventional
refinancing.
For us, the Guidance Declining Balance Co-Ownership (Musharaka) Program was the perfect
alternative. And our representative made the conversion program and process very easy to
understand. It’s a wonderful feeling to know that with Guidance Residential, as our partner, we
could balance our finances and our faith.
As an independent body, the Sharia Supervisory Board of Guidance Residential includes Sharia
scholars who are among the world’s leading experts in the Islamic law of financial
transactions. All are internationally recognized authorities serving on the Sharia boards of
many of the world’s leading Islamic banks and financial institutions. They are active in
teaching and research, and have authored many books and articles.
Dr. Abdul Sattar Abu Ghuddah is a member of the Shari’ah Supervisory Board of Guidance
Financial Group. He is also a director of the Department of Financial Instruments at Al-Baraka
Investment & Development Company, a member of its Shari’ah Supervisory Board and
Shari’ah Advisor to the parent company, Dallah Al-Baraka Group. He is an active member of
the Islamic Fiqh Academy, Jeddah and the Accounting and Auditing Standards Boards of
Islamic Financial Institutions. He has taught Fiqh and Islamic studies in Riyadh and Kuwait.
From 1982-1990 he was a member of the Fatwa Board in the Ministry of Islamic Affairs in
Kuwait. He formerly lectured in the Faculty of Law and Shari’ah at Kuwait University. Dr. Abu
Ghuddah obtained BA degrees in Islamic Shari’ah and in Law from Damascus University. He
then went on to earn his MA in Shari’ah and Hadith and his Ph.D. in Shari’ah and Comparative
Fiqh from Al-Azhar University, Cairo.
Shaykh Nizam Yaquby has contributed important original research on many aspects of modern
Islamic finance, and is considered one of the world’s leading experts in the field. He is a
member of the Shari’ah supervisory boards for several Islamic financial institutions, including
Guidance Financial Group, Citi Islamic Investment Bank, and the Abu Dhabi Islamic Bank.
Since 1976, he has taught Tafsir, Hadith and Fiqh in Bahrain. He is also the author of several
articles and publications on Islamic finance and other sciences in English and Arabic. Shaykh
Yaquby received his M.Sc. in Finance from McGill University in Montreal. He was educated in
the classical Shari’ah sciences in his native Bahrain and in Makkah.
Dr. Mohamad Daud Bakar is an Associate Professor in Islamic Law and the Deputy Rector,
Student Affairs and Discipline, at the International Islamic University, Malaysia. His areas of
specialization include Islamic Legal Theory, Islamic Banking and Finance, Islamic Law of Zakah
and Islamic Medical Law. Besides his teaching and research assignments, Dr. Mohamad Daud
provides Shari’ah consultancy, structuring and advisory services to various Islamic financial
institutions. Dr. Mohamad Daud is currently a Shari’ah Advisor to Guidance Financial Group
and a member of the Shari’ah supervisory board of esteemed organizations such as the
Securities Commission of Malaysia, the Central Bank of Malaysia, Takaful Nasional Berhad,
HSBC (Malaysia), Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) in Bahrain, Keppel Insurance (Takaful) Ltd of Singapore, the Dow Jones Islamic
Market Index and the Malaysian Rating Corporation Bhd. Dr. Mohamad Daud obtained his
Bachelor of Shari'ah from the University of Kuwait in 1988 and was later conferred with a
Ph.D. from the University of St. Andrews, Scotland.
Shaykh DeLorenzo is considered a leading authority on Islamic finance in the United States.
He has translated over twenty books from Arabic, Persian, and Urdu for publication, including
a three-volume Compendium of Legal Rulings on the Operations of Islamic Banks. Shaykh
DeLorenzo has also been a pioneer in internet education with a course entitled “Principles of
Islamic Investing.” He is a member of Shari’ah boards of several Islamic financial institutions
in the United States and abroad, including Dow Jones Islamic Markets and Guidance Financial
Group. Shaykh DeLorenzo has served as secretary of the Fiqh Council of North America and
was also an advisor on Islamic education to the government of Pakistan. Following a university
education in the United States, Shaykh DeLorenzo studied the classical Shari’ah Sciences with
scholars in Pakistan.
Dr. Usmani has been teaching Islamic sciences for the past fifteen years in Jamia Darul Uloom
Karachi and has published several books and articles, including Meezan Bank’s Guide to
Islamic Banking. Dr. Usmani also serves as a Sharia Supervisory Board Member / Sharia
Advisor to: State Bank of Pakistan, HSBC Amanah Finance, Credit Suisse, Lloyds TSB, Meezan
Bank, Pak Kuwait Takaful Co and others. Dr. Usmani holds LLB, M.Phil. and Ph.D. degrees in
Islamic Finance from Karachi University as well as Alimiyyah and Takhassus degrees in Islamic
Jurisprudence from Jamia Darul Uloom Karachi.