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Updated 3 months ago,

User Stats

31
Posts
29
Votes
Blake Choisnet
  • Investor
  • Tyler, TX
29
Votes |
31
Posts

How to Get Investment Loan for Practicing Muslim?

Blake Choisnet
  • Investor
  • Tyler, TX
Posted

What groups are out there that lend to practicing Muslims and honor their financing restrictions?

I'm helping a friend who wants to start investing in real estate. She's a practicing Muslim so they have very strict rules around not being able to pay interest (what they call 'riba'). She's struggling to find lending options for investment properties that honor her beliefs. The main players in this space are Guidance Residential and UIF, but it turns out that they may just be purchasing a Freddie/Fannie loan on the back end to finance the deal and then structure it differently for the buyer - which isn't in accordance with their religious rules. 

What groups are out there that lend to practicing Muslims and honor their financing restrictions? Are there any? 

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