Guidance Residential
Information by Research TrustFinance
Founded in 2002, Guidance Residential is a U.S.-based company that provides Islamic home financing solutions. Its mission is to offer a riba-free (interest-free) alternative to conventional mortgages, adhering to the principles of Islamic finance. The company utilizes a Declining Balance Co-ownership Program, where Guidance and the homebuyer purchase the property together, and the homebuyer gradually buys out Guidance's share over time while paying a fee for using the portion of the home they do not yet own. This structure makes them the #1 provider of Islamic home financing in America.
United States
Industry
- Other ServicePRIMARY
Financial