IslamicFinance.de

The Shariah compliant models for financing the purchase of a home are several. However, the model best suited for use in the United States, given the legal and regulatory restraints imposed by the government for the protection of the consumer, is the equity-sharing model in which the home buyer aligns with a partner, such that both parties to the purchase provide cash for the outright purchase of the house. The partnership business model employed by Guidance Residential in the United States was derived from the same models described by the classical jurists in their works of fiqh. In developing its home finance program, Guidance Residential turned to a number of experts.

Islamic Finance Project
Islamic Legal Studies Program
Harvard Law School

Shari'a-Compliant Home Financing in the United States

A panel discussion featuring

Yusuf Talal DeLorenzo
Shari'a Consultant, Malfa Inc. Dubai, United Arab Emirates

Panelists:
Shahab Ahmed (Moderator)
Custodian of the Two Holy Mosques, Visiting Associate Professor of Islamic Legal Studies, Harvard Law School

Thomas Gainor
Senior Vice President and General Counsel, Guidance Residential, LLC, Reston, Virginia

David Loundy
Chairman of the Board of Directors, Devon Bank, Chicago, Illinois

Intisar A. Raab
Visiting Associate Professor of Islamic Legal Studies, Harvard Law School

Monday, October 29, 2012, 4:00 - 7:00 p.m.
Austin Hall North, Harvard Law School

For more information, contact Islamic Finance Project at
617-496-2296 or 617-496-2297 or ifp@law.harvard.edu

S. Nazim Ali, Ph.D.
Director, Islamic Finance Project &