Guidance Residential
Declining Balance Co-Ownership$--/mo
Michigan · Riba-Free · Shariah-Compliant
Buy your home the halal way.
Compare the three major riba-free home financing providers — Guidance Residential, UIF, and Lariba — in seconds. Then talk to a licensed Michigan realtor who actually understands halal financing.
- 100% Shariah-compliant
- Local Michigan realtor
- No cost to buyers
Calculator
Halal mortgage calculator
Enter your numbers, see monthly payments and total cost across all three halal lenders — plus a conventional reference.
Loan amount
$280,000
Lowest monthly
$1,862
UIF Corporation
Ijara (Lease-to-Own)$--/mo
Lariba
Declining Partnership$--/mo
Conventional reference
Interest-based mortgage$--/mo
Estimates only. Actual profit rates, fees, and program eligibility vary by lender, credit profile, and property. Always verify current terms directly with each provider before committing.
The Three Halal Options
How each lender structures the deal
All three avoid riba — but the mechanics, paperwork, and feel are different. Here's the plain-English version.
Guidance Residential
Most popularDeclining Balance Co-Ownership (Musharakah Mutanaqisah)
You and Guidance jointly own the home. Each month you buy out a portion of their share + pay rent on the share they still own. Reviewed by a Shariah board chaired by Sheikh Yusuf Talal DeLorenzo.
- Available in all 50 states
- Largest halal lender in the US
- Profit rates competitive with conventional
UIF Corporation
Detroit-basedIjara (Lease-to-Own)
UIF buys the property and leases it to you. Your monthly payment is a mix of "rent" and a buyout toward ownership. Title transfers to you at the end. Headquartered in Southfield, MI — local for many Michigan buyers.
- Strong presence in MI / OH / IL
- In-house Shariah Supervisory Board
- Refinance options available
Lariba
EstablishedDeclining Partnership Model
One of the oldest halal financiers in the US (since 1987). Uses a partnership model where they progressively transfer ownership as you pay. Smaller volume but a strong reputation among scholars.
- Operating since 1987
- Smaller, more personal process
- Backed by American Finance House Lariba
Why Work With Us
A realtor who actually understands halal
Most agents have never heard of Guidance or UIF. We close deals with them every month.
01
Shariah-first
We only recommend lenders and structures that are riba-free and reviewed by recognized scholars.
02
Metro Detroit expert
Dearborn, Hamtramck, Sterling Heights, Troy, Canton, Ann Arbor — we know the masjids, halal grocers, and the schools.
03
Multilingual
Communicate comfortably in Bangla, English, Urdu, or Arabic. The whole process — from offer to close — in your language.
04
No buyer fee
The seller pays the buyer's agent commission. Your consultation, home tours, and offer-writing are free.
Free Tools
Free resources for Muslim families
All available in English, বাংলা, اردو, and Soomaali.
A
Halal Mortgage Ready Quiz
6 questions, 90 seconds. Find out if Guidance, UIF, or Lariba would approve you today — and what to fix if not.
Take the quiz →
B
Free Islamic Will Template
Faraid-compliant Wasiyyah template for Michigan Muslims. Editable .docx, scholar-reviewed.
Get the template →
C
Find Halal-Conscious Tenants
Muslim landlord? Get matched with vetted Muslim families looking for a respectful, well-kept rental.
List your rental →
FAQ
Common questions
Is halal financing actually different from a conventional mortgage?
Yes. A conventional mortgage is a loan with interest (riba). Halal financing structures — co-ownership, ijara, partnership — replace interest with rent, profit-sharing, or asset-based pricing reviewed by Shariah scholars. The monthly payment can look similar, but the underlying contract is fundamentally different.
Are halal mortgages more expensive?
In recent years, halal financing rates have been roughly comparable to conventional rates — sometimes within 0.25%. Closing costs and program fees can be slightly higher, but for most Muslim buyers the spiritual benefit far outweighs a small premium. Use the calculator above to see your exact numbers.
Can I use halal financing for any home in Michigan?
For most single-family homes, condos, and townhomes — yes. There are some property restrictions (manufactured homes, certain co-ops, and very low-value properties may not qualify). We confirm eligibility upfront before showing you homes.
What credit score do I need?
Generally 620+ for most halal lenders, with 680+ unlocking better profit rates. Each lender has slightly different criteria. We'll review yours privately before connecting you to a lender.
How is this different from just calling Guidance or UIF directly?
You absolutely can call them directly. The value we add: comparing all three lenders honestly, finding the home, negotiating the price, managing inspections and the closing timeline, and translating the entire process into Bangla / Urdu / Arabic if needed.
Do you charge anything for the consultation?
No. The first consultation is free with zero obligation. If you decide to work with us as your buyer's agent, the seller pays our commission per standard practice — there's no out-of-pocket cost to you.
Free Consultation
Get your personalized halal home plan
I'll send a side-by-side lender comparison for your numbers, plus a list of homes that fit your budget in your neighborhood of choice.
Prefer to reach out directly?
+1 (929) 308-6108 · foyezrealestate@gmail.com
Licensed Realtor · Michigan