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Guidance Financial Islamic Home Financing

Answered as per Hanafi Fiqh by Qibla.com

Answered by Shaykh Muhammad ibn Adam al-Kawthari

I was wondering if the scholars on the group can advise me on the validity of an Islamic home finance company according to the rules of the rules of the Hanafi madhab. The company’s website is :
http://www.guidancefinancialgroup.com/home/home.asp

Answer:
In the Name of Allah, Most Gracious, Most Merciful

Wa alaykum assalam

 

Due to the overwhelming number of questions and other duties, I was unable go through all the guidelines mentioned by the finance company. However, by looking at the Shariah advisory board, it seems that the alternatives offered by them are in compliance with Shariah.

 

Shaykh Taqi Usmani, Shaykh Nizam al-Ya’qubi, Shaykh Yusuf Talal and others are mentioned as part of the advisory board, whilst the company’s advisor is, my dear friend and the son of Shaykh Taqi Usmani, Dr. Imran Ashraf Usmani.

 

Therefore, it seems what the company has to offer is generally shariah compliant. However, you should check and make sure about each of the programs offered by them with a scholar.

 

wassalam

Muhammad ibn Adam al-Kawthari

www.daruliftaa.org

This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.

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