Contact with us for any advice
Need help? Talk to an expert
- 510-786-8739
- Guidance Residential
- Ameen Housing Cooperative
- University Islamic Financial (UIF)
- Devon Islamic Finance
- Ijara Community Development Corporation
Exploring Islamic Finance for Homeownership
At SI MTG, we believe in providing diverse financial solutions to meet the needs of all our clients. We recognize that Islamic Finance could potentially offer an ideal solution to homeownership for those seeking Sharia-compliant options. However, after extensive research, we have found it challenging to confirm the existence of true Islamic finance in practice.
As we are not scholars in religious finance, we encourage you to seek expert advice directly from institutions that specialize in Islamic finance. Below, we have compiled contact information for several reputable institutions that claim to offer Islamic finance solutions. You can reach out to them with your specific questions and concerns.
Recommended Islamic Finance Institutions
Guidance Residential
Website: guidanceresidential.com
Phone: 1-866-GUIDANCE (1-866-484-3262)
Email: info@guidanceresidential.com
Guidance Residential offers home financing solutions that comply with Islamic principles. They use the Declining Balance Co-ownership Program, where the property is jointly owned by the buyer and the financier.
Ameen Housing Cooperative
Ameen Housing Cooperative provides interest-free home financing through a cooperative model. They aim to help Muslim families achieve homeownership while adhering to Islamic financial principles.
University Islamic Financial (UIF)
UIF offers various Sharia-compliant home financing options, including Murabaha and Ijara models. They emphasize ethical and interest-free financial services.
Ijara Community Development Corporation
Ijara CDC specializes in Ijara home financing, which involves leasing the property with an option to purchase. They focus on providing solutions that align with Islamic law.
Devon Islamic Finance
Devon Islamic Finance provides Sharia-compliant home financing solutions, focusing on ethical, interest-free transactions that meet the needs of Muslim homebuyers.
Contacting These Institutions
We recommend reaching out directly to these institutions to discuss your specific needs and questions about Islamic home financing. By connecting with them, you can gain detailed insights into the services they offer, the Sharia principles they adhere to, and the unique features of their products. They can also guide you on how their offerings align with your goals, making it easier for you to achieve homeownership in a way that complies with Islamic principles. Additionally, many of these institutions provide personalized consultations to help you understand the application process, eligibility requirements, and repayment options. This tailored approach ensures you have all the necessary information to make an informed decision. Taking the time to engage with them can also help you compare different options and select a financing solution that best meets your financial situation and long-term aspirations.
Our Commitment
While we are not experts in Islamic finance, our commitment is to provide you with the resources and guidance you need to make informed decisions. At SI MTG, we are dedicated to helping you explore all available options to find the best financial solution for your homeownership goals.
For any further assistance or to explore other mortgage options, feel free to contact us at 510 786 8739 or visit www.simtg.com
We are an independent mortgage brokerage licensed through DRE, proudly serving clients since 2007.
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- 510-786-8739
- info@simtg.com
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