——————————————————————————————————–
► Learn, make investments, prosper:
——————————————————————————————————–
Thanks for watching our video: Understanding Islamic Home Financing: A Review of Guidance Residential
I’ve critically reviewed Guidance Residential, the main U.S. Islamic residence financing supplier, which advocates for its Sharia-compliant “Diminishing Musharakah” co-ownership mannequin.
In this mannequin, the homebuyer and Guidance Residential co-own the property, with the customer regularly buying Guidance’s share whereas paying hire for the portion of the home they do not at the moment personal.
My remark is that merging a promise to buy an asset with a rental settlement on the identical asset is, in follow, no totally different from securing a standard mortgage with curiosity, which Islam forbids.
I query Guidance Residential’s touted advantages corresponding to co-ownership, being riba-free, having capped late fee charges, non-recourse dedication, danger sharing, and an unbiased Shariah board.
I’ve supplied a comparability desk illustrating the various similarities between the Diminishing Musharakah mannequin and a conventional mortgage; the first distinction appears to be within the terminology used – substituting ‘curiosity’ with ‘hire’.
I’ve prolonged an open invitation to anybody from Guidance Residential or the 18 regulation corporations they collaborated with to have interaction in a dialogue on my assertions, underscoring that my intention is to stay sincere and to not personally assault anybody concerned with the corporate.
——————————————————————–
SUBSCRIBE IF YOU WANT TO BUILD HALAL WEALTH!
╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗
║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣
╠╗║╚╝║║╠╗║╚╣║║║║║═╣
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
——————————————————————–
CHECK OUT OUR OTHER VIDEOS
► Forex buying and selling: Halal or Haram?
►Day Trading: Halal or Haram?
►Crypto Staking: Halal or Haram?
CONTACT US
salam@practicalislamicfinance.com
ABOUT OUR CHANNEL
Our channel is about serving to individuals make investments and construct wealth in a halal means. We cowl halal crypto investing, halal inventory investing, halal product opinions and extra.
DISCLAIMER
Anything you hear on this video is an opinion. It just isn’t customized monetary recommendation. Make certain you do your personal due diligence earlier than making any funding selections.
source
