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December 21, 2016
The #1 U.S. Islamic home finance provider opening doors in Delaware to serve growing population of Muslim Americans
RESTON, VIRGINIA - A premier provider of Sharia-compliant home financing in the United States is expanding its national footprint with the growth of its operations in Delaware. Guidance Residential, LLC currently has locations in 25 states and was operational in Delaware as of November 21, 2016. The decision to expand its products and services will allow Guidance Residential to meet the demand for Islamic home financing for the growing population of Muslim Americans throughout the state.
According to Islamic law, or Sharia, Muslims are prohibited from participating in financial transactions that charge interest for loans. Therefore, many Muslim Americans were unable to participate in the American dream of home ownership. Founded in 2002, Guidance Residential developed a unique financial solution, the Declining Balance Co-Ownership Program, to address the unmet need for financial products and services that adhere to Islamic principles.
Other than being the nation's leading provider of Islamic home financing, funding over $4 billion dollars, Guidance Residential is the largest corporate sponsor of Muslim American community initiatives.