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Guidance Residential



Guidance Surpasses Billion Mark

A Landmark Achievement for Islamic Finance in the US

Reston, VA – (June 20, 2007) Guidance Residential (“Guidance”), a national provider of Sharia-compliant home financing, is proud to announce that it has now provided over a billion dollars in Sharia-compliant home financing in the U.S. market. While operating in 20 states and Washington, DC, Guidance has set the mark for all Islamic finance companies operating in the mortgage sector.

Over the last five years, Guidance has established itself as the leading U.S. provider of the highest quality home financing that is in accordance with Sharia principles. Based on a concept known as diminishing musharaka, the company’s Declining Balance Co-ownership program has helped thousands of families achieve home ownership without compromising their beliefs. In this short period of time, Guidance has grown to employ over 75 employees nationally. The company plans to continue expanding its products and services to meet the needs in the Sharia-sensitive market.

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Guidance Residential is a subsidiary of Guidance Financial Group, an international company dedicated to serving the market for Sharia-compliant financial products and services. Guidance Financial Group offers unique investment products to institutional investors and financial intermediaries worldwide, and provides financial services to its retail customer base in the United States. The company's commitment to intensive research and development and and solid operations support for its products has allowed it to develope unique financial solutions that address unmet needs of the Sharia-compliant market.

Media Contact:

Hussam Qutub | 703.885.0835 | hussam.qutub@GuidanceResidential.com