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Guidance Residential, LLC, a

wholly owned subsidiary of Guidance Financial Group, LLC,

understands that buying a house is one of the most important personal decisions you will
make. It’s a decision that goes beyond how much home you can afford because it reflects
your lifestyle and values.

That’s why we have worked closely with leading financial institutions and world
renowned Sharia scholars to develop and offer products that you can use with confidence.
Our team of financial experts and accomplished professionals are committed to
delivering quality products with the highest level of service and strict adherence to the
principles of Sharia.

Every product we offer is certified by an independent Sharia Supervisory Board to ensure

strict standards of Sharia compliance. Our Sharia Board comprises some of the world’s
leading experts in the Islamic law of financial transactions. These Sharia scholars are
actively engaged in designing our products and in overseeing them.

Whether you are buying a home or wish to replace an existing mortgage, our Declining
Balance Co-ownership Programs allow you to enjoy the benefits of home ownership with
peace of mind.

Corporate headquarters:
Guidance Residential, LLC
11109 Sunset Hills Road, Suite 200
Reston, VA 20190

Contact a qualified Account Executive

Toll-free: 1-866-GUIDANCE (484-3262)

Salman Ali
Account Executive

Mobile (571) 228-8504

Office (866) 484-3262 ext. 847
Fax (888) 603-4046

Nora Hussein
Account Executive

Office (866) 484-3262 ext. 855

Fax (888) 603-4046

Mohammed Amkor
Account Executive
Mobile (571) 251-7887
Office (866) 484-3262 ext. 849
Fax (888) 603-4046

assem Abdalla
Account Executive

Mobile (571) 332-1966

Office (866) 484-3262 ext. 804
Fax (888) 603-4046

Seminars on Sharia-Compliant Home Financing

Periodically, Guidance hosts seminars in the states where we do business to help educate the
community on the difference between Sharia-compliant home financing and conventional riba-
based mortgages. In these seminars we present the various products available to the
community along with the eligibility requirements for each product.

Below is a list of our upcoming seminars:

Thursday, September 30th @ 7:30PM - 9:00PM

Islamic Center of Southwest Florida, 3337 Broadway, Fort Myers, FL 33901
Click to View Event Flyer

Friday, October 1st @ 7:30PM - 9:00PM

Islamic Society of Tampa Bay Area, 7326 E. Sligh Avenue, Tampa, FL 33610
Click to View Event Flyer

Saturday, October 2nd @ 5:30PM - 7:00PM

Jama Masjid of Orlando (Muslim Academy Cafeteria), 11543 Ruby Lake Road, Orlando, FL
Click to View Event Flyer

Our Declining Balance Co-ownership Program is a unique, Sharia-compliant home

acquisition product that has been carefully designed to provide you some very unique benefits.
Whether you are buying a home for the first time or wish to replace an existing conventional
mortgage, our Declining Balance Co-Ownership Program allows you to enjoy the benefits of
home ownership with peace of mind.

Under the terms of our Program you do not repay an interest-bearing loan. Instead, you
become a co-owner with an “investor” (Guidance Residential), from whom you acquire full
ownership through affordable monthly payments.
Each payment is made of two elements. The first portion is a charge, or a “Profit Payment,”
that gives you the exclusive right to the use of the property. The remaining portion of the
monthly payment allows you to acquire an increasing share of ownership in the home until you
own it completely.

In the case of a home purchase, your initial share of ownership in the property is determined
by your initial investment. For qualified applicants, this down payment may be as little as 5
percent of the property’s value. In this case, you will start owning 5 percent, and Guidance will
own 95 percent.

If you are replacing an existing mortgage, Guidance will purchase a portion of your home and
become a co-owner with you. For qualified homeowners, we can provide a replacement
contract to finance up to 95 percent of the appraised value of your property. This allows you
to cash out some of your equity to use for home improvement, college tuition or other
worthwhile purposes.

With Guidance you are always a partner-never a debtor.

A Riba-Free mortgage conversion from Guidance Residential made it possible. Since our faith has
become a bigger part of our lives, we decided to consolidate some outstanding debts. And it was
important to do it without traditional interest-based refinancing.

Guidance Residential understood exactly what we needed and had the Sharia-compliant products
that were interest-free, very competitively priced and offered more benefits than conventional

For us, the Guidance Declining Balance Co-Ownership (Musharaka) Program was the perfect
alternative. And our representative made the conversion program and process very easy to
understand. It’s a wonderful feeling to know that with Guidance Residential, as our partner, we
could balance our finances and our faith.

Declining Balance Co-Ownership Home Acquisition Program

We, the Shari’ah Supervisory Board of Guidance Financial Group, LLC (Guidance)
have examined the documents of the Declining Balance Co-Ownership
Home Acquisition Programs, inclusive of the Co-Ownership Agreement, Security
Instrument, Consumer’s Obligation to Pay, and Assignment of Agreements, all of
which are required for each program.
We have reviewed these documents and the purposes for which they have been
designed, namely:
1. to assist Muslims and others residing in the United States of America to acquire
their homes in compliance with Shari’ah,
2. to enjoy the tax benefits accorded by the federal government to home owners,
3. and for the investors to securitize their ownership investment in homes.
The basic concept behind these contracts and documents is that the property is
purchased in joint ownership between an affiliate of Guidance (the Co-Owner)
and the person who requires finance (the Consumer). The Consumer makes
monthly payments which are comprised of Profit Payments and Acquisition Payments.
Profit Payments represent the Consumer payments for the enjoyment and
use of the whole property, while Acquisition Payments represent the Consumer’s
payments for his acquiring the Co-Owner’s interest in the property.
It has been ascertained by the Shari’ah Supervisory Board that the documents
comply with the Shari’ah requirement for a valid “Diminishing Musharakah”
and that both parties benefit and bear the risks of their respective
shares in the property throughout the contractual arrangement.
The documents designed for “Replacement” are meant for a situation where a person
has already acquired a property and wishes to enter into a Shari’ah compliant
arrangement. In this case, he will sell a share of his property to the Co-Owner, and
then both parties will have the same arrangement of “Diminishing Musharakah”
as detailed above. Since the units of property will be purchased by the consumer
under this arrangement at cost, and without increase, there is no element of ’ina in
this arrangement.
After reviewing the mechanism as well as the agreements and documents, and after
suggesting amendments that have been incorporated, the Shari’ah Supervisory
Board is of the view that given the circumstances prevailing in the United States,
this arrangement conforms to the rules and principles of Shari’ah; and therefore,
Muslims may avail themselves of this opportunity to acquire homes and properties
by means of this method.
Agreed this 21st of October 2002
_____________________________ ____________________________
Justice Muhammad Taqi Usmani Dr. Abdul Sattar Abu Ghuddah
_____________________________ ____________________________
Shaykh Nizam Yaquby Shaykh Yusuf Talal DeLorenzo
_____________________________ ____________________________
Dr. Mohamed Elgari Dr. Muhammad Imran Usmani

As an independent body, the Sharia Supervisory Board of Guidance Residential includes Sharia
scholars who are among the world’s leading experts in the Islamic law of financial
transactions. All are internationally recognized authorities serving on the Sharia boards of
many of the world’s leading Islamic banks and financial institutions. They are active in
teaching and research, and have authored many books and articles.

CHAIRMANJustice Usmani has been a member of the Supreme Court of Pakistan

since 1982. Presently, he is Vice President of Dar Al Uloom Karachi.
Muhammad Taqi Formerly, he was the Deputy Chairman of the Islamic Fiqh
Usmani Academy, Jeddah. He is also Chairman of the Shari’ah Supervisory
Boards of Guidance Financial Group, USA; Saudi American Bank,
Jeddah; and Citi Islamic Investment Bank, Bahrain; Vice Chairman
of the Shari’ah Supervisory Board of Abu Dhabi Islamic Bank; and
MEMBERS member of the Shari’ah Supervisory Boards of Al-Baraka Group,
Jeddah; First Islamic Investment Bank, Bahrain; and the Islamic Unit
Dr. Abdul Sattar
Abu Ghuddah of the United Bank of Kuwait, among others. Justice Usmani holds
Shaykh Nizam Alimiyyah and Takhassus degrees from Darul Uloom, Karachi, an
Yaquby M.A. degree from Punjab University and an LLB from Karachi
Dr. Mohamad University.
Daud Bakar
Shaykh Yusuf
Talal Delorenzo
Dr. Muhammad
Imran Ashraf

Abdul Sattar Abu Ghuddah

Dr. Abdul Sattar Abu Ghuddah is a member of the Shari’ah Supervisory Board of Guidance
Financial Group. He is also a director of the Department of Financial Instruments at Al-Baraka
Investment & Development Company, a member of its Shari’ah Supervisory Board and
Shari’ah Advisor to the parent company, Dallah Al-Baraka Group. He is an active member of
the Islamic Fiqh Academy, Jeddah and the Accounting and Auditing Standards Boards of
Islamic Financial Institutions. He has taught Fiqh and Islamic studies in Riyadh and Kuwait.
From 1982-1990 he was a member of the Fatwa Board in the Ministry of Islamic Affairs in
Kuwait. He formerly lectured in the Faculty of Law and Shari’ah at Kuwait University. Dr. Abu
Ghuddah obtained BA degrees in Islamic Shari’ah and in Law from Damascus University. He
then went on to earn his MA in Shari’ah and Hadith and his Ph.D. in Shari’ah and Comparative
Fiqh from Al-Azhar University, Cairo.

haykh Nizam Yaquby

Shaykh Nizam Yaquby has contributed important original research on many aspects of modern
Islamic finance, and is considered one of the world’s leading experts in the field. He is a
member of the Shari’ah supervisory boards for several Islamic financial institutions, including
Guidance Financial Group, Citi Islamic Investment Bank, and the Abu Dhabi Islamic Bank.
Since 1976, he has taught Tafsir, Hadith and Fiqh in Bahrain. He is also the author of several
articles and publications on Islamic finance and other sciences in English and Arabic. Shaykh
Yaquby received his M.Sc. in Finance from McGill University in Montreal. He was educated in
the classical Shari’ah sciences in his native Bahrain and in Makkah.

Mohamad Daud Bakar

Dr. Mohamad Daud Bakar is an Associate Professor in Islamic Law and the Deputy Rector,
Student Affairs and Discipline, at the International Islamic University, Malaysia. His areas of
specialization include Islamic Legal Theory, Islamic Banking and Finance, Islamic Law of Zakah
and Islamic Medical Law. Besides his teaching and research assignments, Dr. Mohamad Daud
provides Shari’ah consultancy, structuring and advisory services to various Islamic financial
institutions. Dr. Mohamad Daud is currently a Shari’ah Advisor to Guidance Financial Group
and a member of the Shari’ah supervisory board of esteemed organizations such as the
Securities Commission of Malaysia, the Central Bank of Malaysia, Takaful Nasional Berhad,
HSBC (Malaysia), Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) in Bahrain, Keppel Insurance (Takaful) Ltd of Singapore, the Dow Jones Islamic
Market Index and the Malaysian Rating Corporation Bhd. Dr. Mohamad Daud obtained his
Bachelor of Shari'ah from the University of Kuwait in 1988 and was later conferred with a
Ph.D. from the University of St. Andrews, Scotland.

haykh Yusuf Talal Delorenzo

Shaykh DeLorenzo is considered a leading authority on Islamic finance in the United States.
He has translated over twenty books from Arabic, Persian, and Urdu for publication, including
a three-volume Compendium of Legal Rulings on the Operations of Islamic Banks. Shaykh
DeLorenzo has also been a pioneer in internet education with a course entitled “Principles of
Islamic Investing.” He is a member of Shari’ah boards of several Islamic financial institutions
in the United States and abroad, including Dow Jones Islamic Markets and Guidance Financial
Group. Shaykh DeLorenzo has served as secretary of the Fiqh Council of North America and
was also an advisor on Islamic education to the government of Pakistan. Following a university
education in the United States, Shaykh DeLorenzo studied the classical Shari’ah Sciences with
scholars in Pakistan.

Muhammad Imran Ashraf Usmani

Dr. Usmani has been teaching Islamic sciences for the past fifteen years in Jamia Darul Uloom
Karachi and has published several books and articles, including Meezan Bank’s Guide to
Islamic Banking. Dr. Usmani also serves as a Sharia Supervisory Board Member / Sharia
Advisor to: State Bank of Pakistan, HSBC Amanah Finance, Credit Suisse, Lloyds TSB, Meezan
Bank, Pak Kuwait Takaful Co and others. Dr. Usmani holds LLB, M.Phil. and Ph.D. degrees in
Islamic Finance from Karachi University as well as Alimiyyah and Takhassus degrees in Islamic
Jurisprudence from Jamia Darul Uloom Karachi.