Understanding Islamic Home Financing A Review of Guidance Residential

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-------------------------------------------------------------------------------------------------------- • ► Learn, invest, prosper: https://linktr.ee/practicalislamicfin... • -------------------------------------------------------------------------------------------------------- • Thanks for watching our video: Understanding Islamic Home Financing: A Review of Guidance Residential • I have critically reviewed Guidance Residential, the leading U.S. Islamic home financing provider, which advocates for its Sharia-compliant Diminishing Musharakah co-ownership model. • In this model, the homebuyer and Guidance Residential co-own the property, with the buyer gradually purchasing Guidance's share while paying rent for the portion of the house they don't currently own. • My observation is that merging a promise to purchase an asset with a rental agreement on the same asset is, in practice, no different from securing a conventional loan with interest, which Islam forbids. • I question Guidance Residential’s touted benefits such as co-ownership, being riba-free, having capped late payment fees, non-recourse commitment, risk sharing, and an independent Shariah board. • I have provided a comparison table illustrating the many similarities between the Diminishing Musharakah model and a traditional mortgage; the primary difference seems to be in the terminology used - substituting 'interest' with 'rent'. • I have extended an open invitation to anyone from Guidance Residential or the 18 law firms they collaborated with to engage in a discussion on my assertions, underscoring that my intention is to remain honest and not to personally attack anyone involved with the company. • -------------------------------------------------------------------- • SUBSCRIBE IF YOU WANT TO BUILD HALAL WEALTH! • ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ • ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ • ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ • ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ • -------------------------------------------------------------------- • CHECK OUT OUR OTHER VIDEOS • ► Forex trading: Halal or Haram? • Forex trading: Halal or Haram? • ►Day Trading: Halal or Haram? • Day Trading: Halal or Haram? • ►Crypto Staking: Halal or Haram? • Crypto Staking: Halal or Haram? • CONTACT US • [email protected] • ABOUT OUR CHANNEL • Our channel is about helping people invest and build wealth in a halal way. We cover halal crypto investing, halal stock investing, halal product reviews and more. • DISCLAIMER • Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your own due diligence before making any investment decisions.

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