SOURCE: Bellwether Report

June 06, 2005 10:10 ET

Bellwether Report Initiates Coverage on Halal Financial Services

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Bellwether Report.

TORONTO -- (MARKET WIRE) -- June 6, 2005 -- The Bellwether Report is the leading online financial newsletter, focusing on small-cap emerging growth opportunities. We strive to introduce investors to truly undervalued opportunities in a time-friendly fashion, allowing for optimal entry points and profitable exit points. Today, BWR is proud to introduce Halal Financial Services (OTC: HLLF) to investors.

Halal Financial Services is a one-of-a-kind U.K-based company, offering people who practice the Muslim faith the opportunity to finance their homes, while keeping in line with their faith. For most people not familiar with the Muslim faith it may be difficult to understand the value of the services Halal Financial offers. Conventional mortgage loans are interest-bearing, in conflict with Islamic Principles, and therefore Haram (prohibited) by Shariah (Islamic Law). With the introduction of Halal (permissible) mortgages in the UK finance market, dedicated Muslims now have a choice. They can purchase homes or refinance existing mortgages using faith-based options. Halal mortgages are structured differently than conventional interest bearing mortgages, so they are Shariah compliant and are inline with Islamic principles.

BWR feels that this company possesses all the characteristics that we look for when deeming a company undervalued, and feels that this could be a very lucrative opportunity.

"We will continue our extensive coverage on this small-cap gem, as we feel that Halal Financial Services is in a unique and rapidly expanding sector, and that they have positioned themselves at the frontlines to see exponential success," said Jay Lee, CEO Bellwether Report.

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The Bellwether Report to date has not been compensated by any of the above-mentioned companies.

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