{ "_meta": { "dataset": "halal-finance-registry-us", "name": "U.S. Halal Finance Product Registry", "description": "Structured, machine-readable registry of every Shariah-compliant financial product HalalWallet tracks in the U.S. - provider, category, Islamic contract structure, state availability, Shariah oversight, rating, category-specific terms, and a last-verified date per record.", "url": "https://www.halalwallet.us/data/halal-finance-registry-us", "downloadUrl": "https://www.halalwallet.us/api/data/halal-finance-registry-us.json", "publisher": { "@type": "Organization", "name": "HalalWallet", "url": "https://www.halalwallet.us", "logo": "https://www.halalwallet.us/mainlogo_1.png" }, "license": "CC BY 4.0", "licenseUrl": "https://creativecommons.org/licenses/by/4.0/", "datePublished": "2026-06-30", "dateModified": "2026-06-30", "temporalCoverage": "2024/..", "spatialCoverage": "United States", "citation": "HalalWallet. \"U.S. Halal Finance Product Registry.\" 2026-06-30. https://www.halalwallet.us/data/halal-finance-registry-us", "changelog": [ { "date": "2026-06-30", "note": "Initial public release: product-level registry sourced directly from the live HalalWallet product database, with Islamic contract structures, state availability, category-specific terms, and per-record last-verified dates." } ], "generatedAt": "2026-09-08T18:59:49.912Z", "coverage": { "total": 154, "asOf": "2026-09-08", "byCategory": { "Bank Accounts": 14, "Business Financing": 21, "Education Financing": 2, "Halal Certifications": 4, "Home Financing": 45, "Insurance": 16, "Investing": 26, "Retirement": 4, "Vehicle Financing": 4, "Wills & Estate Planning": 15, "Zakat Calculator": 3 }, "providerVerified": { "records": 37, "providers": 1 }, "verdictLinked": { "records": 12, "ofTickerRecords": 13 }, "freshness": { "recordsWithVerificationDate": 154, "recordsWithoutVerificationDate": 0, "pctVerified": 100, "verifiedThrough": "2026-09-01" }, "fieldCoverage": { "core": { "provider": { "present": 154, "total": 154, "pct": 100 }, "productName": { "present": 154, "total": 154, "pct": 100 }, "category": { "present": 154, "total": 154, "pct": 100 }, "structure": { "present": 154, "total": 154, "pct": 100 }, "shariahOversight": { "present": 133, "total": 154, "pct": 86 }, "website": { "present": 154, "total": 154, "pct": 100 }, "states": { "present": 148, "total": 154, "pct": 96 }, "bestFor": { "present": 154, "total": 154, "pct": 100 }, "lastVerified": { "present": 154, "total": 154, "pct": 100 } }, "decisionGrade": { "apy": { "present": 5, "total": 154, "pct": 3 }, "monthlyFee": { "present": 39, "total": 154, "pct": 25 }, "expenseRatio": { "present": 13, "total": 154, "pct": 8 }, "managementFee": { "present": 16, "total": 154, "pct": 10 }, "minInvestment": { "present": 15, "total": 154, "pct": 10 }, "minDownPayment": { "present": 28, "total": 154, "pct": 18 }, "maxLoanAmount": { "present": 28, "total": 154, "pct": 18 }, "minCreditScore": { "present": 25, "total": 154, "pct": 16 }, "termOptions": { "present": 12, "total": 154, "pct": 8 }, "terms": { "present": 45, "total": 154, "pct": 29 }, "pricing": { "present": 154, "total": 154, "pct": 100 }, "features": { "present": 154, "total": 154, "pct": 100 } } }, "note": "Identity and Shariah-structure fields are substantially complete. Decision-grade fields (rates, pricing, eligibility) are under active primary-source verification via the HalalWallet provider portal and are reported here as gaps rather than estimated. See /methodology." } }, "records": [ { "id": "bank-of-whittier-certificate-of-deposit", "provider": "Bank of Whittier", "providerProfileUrl": "https://www.halalwallet.us/providers/bank-of-whittier", "productName": "RF Certificate of Deposit", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "RF (Riba Free) term deposit", "shariahOversight": "third_party_certified", "shariahOversightSummary": "LARIBA RF discipline with annual Raqaba LLC Shari'aa audits; term deposits share net income rather than paying interest.", "shariahBoard": "third_party_certified", "description": "Riba-free certificate of deposit from Bank of Whittier, N.A. The RF CD commits funds for a term during which the bank deploys them in its ethical RF financing activities, sharing the resulting net income with the depositor rather than paying interest. FDIC-insured at the only community-owned RF national bank in America, available online from all 50 states.", "website": "https://www.bankofwhittier.com/open-personal-account", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 1998, "bestFor": "Term savings without interest at an FDIC-insured bank", "lastVerified": "2026-08-05", "accountType": "Certificate of Deposit", "fdicInsured": true, "features": [ "Term deposit earning a share of RF financing income instead of interest", "FDIC-insured at an OCC-supervised national bank", "Available online from all 50 states", "Annual third-party Shari'aa audits by Raqaba LLC" ], "pricing": "Terms, minimums, and profit-sharing rates are not published on the public site (verified 2026-08-05); contact the bank for current figures. Ownership note: University Bancorp (OTCQB: UNIB), parent of University Bank and UIF Corporation, received all regulatory approvals in May 2026 to acquire 100% of Greater Pacific Bancshares, Bank of Whittier's holding company, with closing scheduled July 1, 2026 and the bank continuing as a separate wholly owned subsidiary." }, { "id": "bank-of-whittier-checking-account", "provider": "Bank of Whittier", "providerProfileUrl": "https://www.halalwallet.us/providers/bank-of-whittier", "productName": "RF Checking Accounts (AMANA Demand Deposit & Income Generating)", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "RF (Riba Free) Banking - Amana safekeeping and profit-sharing", "shariahOversight": "third_party_certified", "shariahOversightSummary": "LARIBA RF discipline with annual third-party Shari'aa audits by Raqaba LLC and published fatwa lineage (Al-Baraka London edict); founder Dr. Yahia Abdul-Rahman (1944-2025).", "shariahBoard": "third_party_certified", "description": "Riba-free checking from Bank of Whittier, N.A., the first faith-based banking provider in the United States and the only community-owned RF (Riba Free) national bank in America. Two tiers are offered: the AMANA Demand Deposit Checking account, a safekeeping account that is not invested, and the RF Income Generating Checking account, which invests balances in the bank's ethical RF financing activities and shares the resulting net income with the depositor instead of paying interest. Accounts are FDIC-insured, opened online from all 50 states, and come with online and mobile banking, a smartphone app, Zelle, and an ATM card accepted fee-free at Bank of America and Citibank machines.", "website": "https://www.bankofwhittier.com/open-personal-account", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 1998, "bestFor": "Riba-free FDIC-insured checking available in all 50 states", "lastVerified": "2026-08-05", "accountType": "Checking", "fdicInsured": true, "features": [ "First faith-based banking provider in the United States", "Fee-free cash at Bank of America and Citibank ATMs; accepted at over a million ATMs worldwide", "FDIC-insured deposits at an OCC-supervised national bank", "Two checking tiers: non-invested AMANA safekeeping and RF income-generating profit sharing", "Internet-operated with account opening from all 50 states", "Online banking, mobile app, Zelle, and fee-free ATM access at Bank of America and Citibank machines", "Annual third-party Shari'aa audits by Raqaba LLC" ], "pricing": "Rates, minimums, and fee schedules are not published on the public site; the bank discloses an annual percentage yield on income-generating accounts to account holders (verified 2026-08-05). Contact the bank at 562-945-7553 (Whittier, CA) or 469-330-9900 (Dallas, TX area). Ownership note: University Bancorp (OTCQB: UNIB), parent of University Bank and UIF Corporation, received all regulatory approvals in May 2026 to acquire 100% of Greater Pacific Bancshares, Bank of Whittier's holding company, with closing scheduled July 1, 2026 and the bank continuing as a separate wholly owned subsidiary." }, { "id": "bank-of-whittier-savings-account", "provider": "Bank of Whittier", "providerProfileUrl": "https://www.halalwallet.us/providers/bank-of-whittier", "productName": "RF Income Generating Savings & Retirement Savings", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "RF (Riba Free) profit-sharing savings", "shariahOversight": "third_party_certified", "shariahOversightSummary": "LARIBA RF discipline with annual Raqaba LLC Shari'aa audits; profit-sharing savings rather than interest.", "shariahBoard": "third_party_certified", "description": "Riba-free savings accounts from Bank of Whittier, N.A., including RF Income Generating Savings and retirement RF savings accounts. Instead of paying interest on lent money, the bank invests savings balances in its ethical RF financing activities and shares the resulting net income with depositors, disclosing an annual percentage yield to account holders for comparison purposes. FDIC-insured at an OCC-supervised national bank, opened online from all 50 states.", "website": "https://www.bankofwhittier.com/open-personal-account", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 1998, "bestFor": "Riba-free FDIC-insured savings with profit sharing", "lastVerified": "2026-08-05", "accountType": "Savings", "fdicInsured": true, "features": [ "Profit sharing from the bank's RF financing portfolio instead of interest", "Retirement RF savings accounts available", "FDIC-insured at an OCC-supervised national bank", "Open online from all 50 states", "Annual third-party Shari'aa audits by Raqaba LLC" ], "pricing": "Profit-sharing yields are disclosed to account holders as an APY but not published on the public site; no public minimums or fee schedule (verified 2026-08-05). Ownership note: University Bancorp (OTCQB: UNIB), parent of University Bank and UIF Corporation, received all regulatory approvals in May 2026 to acquire 100% of Greater Pacific Bancshares, Bank of Whittier's holding company, with closing scheduled July 1, 2026 and the bank continuing as a separate wholly owned subsidiary." }, { "id": "jafari-credit-union-savings-account", "provider": "Jafari Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/jafari-credit-union", "productName": "Savings Account", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No formal Shariah board or fatwa published on site.\nOperates as a no-interest credit union model.", "shariahBoard": "no_public_review", "description": "A charity-model savings account at Jafari No-Interest Credit Union, a Texas state-chartered, NCUA-insured credit union serving the Jafari (Shia) community since early 2016. Deposits earn nothing by design: the money funds the credit union's 0% loan pool, which refinances members' car, student, and mortgage debt interest-free. $200 opens the account, the minimum balance is $50, and everything moves by ACH - no cash, cards, ATMs, or checking. Membership is limited to Jafari-school Muslims connected to three named Texas centers (Houston, Austin, and the Dallas area), plus their extended family anywhere in the US.", "website": "https://www.jafaricu.com/#services", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "founded": 2016, "bestFor": "True 0% interest, NCUA insured", "lastVerified": "2026-08-05", "accountType": "Savings", "apy": "0%", "monthlyFee": "$3-$60 (sliding scale based on loans)", "minOpeningDeposit": "$200", "fdicInsured": true, "profitStructure": "Qard Hasan (No interest)", "features": [ "$200 to open, $50 minimum balance; NCUA-insured up to $250,000", "No dividends or return of any kind - deposits fund the 0% community loan pool", "ACH-only deposits and withdrawals; no cash, ATM, cards, or checking", "Tiered monthly fee: $3 for non-borrowers, up to $60 as loans exceed savings", "Payable-on-death designation built into the account card; max two owners per account", "Join via three Texas centers (Houston IEC, Austin IABA, North Texas MOM) or family relationship from anywhere in the US" ], "pricing": "0% return by design - deposits fund the member 0% loan pool. $200 to open; $50 minimum balance. Monthly account fee: $3 if you have no CU loans or your savings equal or exceed your loans, $12 if loans exceed savings by under $10,000, $30 if by under $20,000, $60 otherwise. ACH only; no cash, cards, or checking. NCUA-insured to $250,000 (verified 2026-08-05)." }, { "id": "stearns-bank-deposit-account", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Deposit Account", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "Salaam Personal Checking, the everyday-banking account of Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC, nationwide from Minnesota). It is interest-free on both sides: balances earn nothing, the bank charges no maintenance fees, and as little as $50 opens the account. Standard rails are all present - online and mobile banking, bill pay, mobile deposit, e-statements, alerts - plus waived fees on up to three international wire transfers per month when initiated digitally. Signed Sharia Supervisory Board certificates cover the Salaam checking and savings accounts.", "website": "https://www.stearnsbank.com/about/salaam-banking", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Deposit Account", "monthlyFee": "$0", "minOpeningDeposit": "$50", "fdicInsured": true, "profitStructure": "Profit-sharing", "features": [ "Interest-free personal checking with no maintenance fees; $50 minimum to open", "Waived fees on up to three international wire transfers per month via online/mobile banking", "Covered by the SSB's signed June 2024 certificate for Salaam checking and savings accounts", "Online and mobile banking with bill pay, alerts, e-statements, and mobile deposit", "FDIC-insured through Stearns Bank N.A., operating nationwide from Minnesota" ], "pricing": "$50 minimum opening deposit for Salaam Personal Checking; no monthly maintenance fee; non-interest-bearing by design. Waived fees on up to three international wires per month via online/mobile banking. FDIC-insured through Stearns Bank N.A. (verified 2026-08-05 from the Salaam Banking pages)." }, { "id": "stearns-bank-salaam-business-cd", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Salaam Business Certificate of Deposit", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "A profit-sharing business certificate of deposit from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC). The 8/1/2026 rate sheet publishes expected APYs by term: 3.96% for 3 months, 3.78% for 6 months, 3.50% for 12 months, and 3.01% for 18 months, all from a $500 minimum opening deposit. The 3- and 6-month terms can be funded throughout the term and carry no early-withdrawal discount; 12- and 18-month terms may apply a discount for early withdrawal - sharia-structured pricing language rather than an interest penalty. Profit is paid at maturity with annual compounding.", "website": "https://www.stearnsbank.com/business/salaambusiness", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Business CD", "apy": "3.01%-3.96% expected APY by term (8/1/2026 rate sheet)", "minOpeningDeposit": "$500", "fdicInsured": true, "profitStructure": "Profit-sharing - published expected profit-sharing rates", "features": [ "Profit-sharing certificate of deposit from a $500 minimum opening deposit", "3- and 6-month terms fundable throughout the term with no early-withdrawal discount", "12- and 18-month terms may carry a 'discount' for early withdrawal - Sharia-structured pricing language, not an interest penalty", "Expected Profit Rate quoted upfront on the published rate sheet; profit paid at maturity with annual compounding", "FDIC-insured through Stearns Bank N.A." ], "pricing": "Expected APY by term (rate sheet effective 8/1/2026, verified 2026-08-05): 3 months 3.96%, 6 months 3.78%, 12 months 3.50%, 18 months 3.01%. $500 minimum opening deposit. 3- and 6-month terms fundable throughout with no early-withdrawal discount; 12- and 18-month terms may carry a discount for early withdrawal. Profit paid at maturity, annual compounding. Expected profit rates, not guarantees." }, { "id": "stearns-bank-salaam-business-checking", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Salaam Business Checking", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "The core riba-free business checking account from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC). It handles day-to-day operations - receiving payments, paying vendors, managing cash flow - with no interest paid or charged, no maintenance fees, and a $100 minimum opening deposit. Practical extras include treasury management, mobile deposit, merchant services, and one free outgoing domestic wire per day when initiated through online or mobile banking. Signed Sharia Supervisory Board certificates cover the Salaam checking and savings products.", "website": "https://www.stearnsbank.com/business/salaambusiness", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Business Checking", "monthlyFee": "$0", "minOpeningDeposit": "$100", "fdicInsured": true, "profitStructure": "Interest-free (non-interest-bearing)", "features": [ "Riba-free business checking with no maintenance fees; $100 minimum opening deposit", "Treasury management, mobile deposit, and merchant services available", "One free outgoing wire per day when initiated through online/mobile banking", "Covered by the SSB's signed June 2024 certificate for Salaam checking and savings accounts", "FDIC-insured through Stearns Bank N.A." ], "pricing": "$100 minimum opening deposit; $0 monthly maintenance fee; non-interest-bearing by design. One free outgoing domestic wire per day when initiated via online/mobile banking. FDIC-insured, with documented options to extend coverage beyond $250,000 (verified 2026-08-05 from the Salaam Business page and 8/1/2026 rate sheet)." }, { "id": "stearns-bank-salaam-business-essentials-checking", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Salaam Business Essentials Checking", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "The higher-volume tier of Stearns Salaam Banking's riba-free business checking, designed for companies with heavier transaction activity that need added flexibility and support. Like the base account it is interest-free by design and opens with $100, but the Essentials tier is built for businesses that outgrow standard transaction limits, layering on treasury management, mobile deposit, and merchant services. It sits inside Stearns Bank N.A. (Member FDIC), and the division's three-scholar Sharia Supervisory Board has issued signed compliance certificates covering Salaam checking accounts.", "website": "https://www.stearnsbank.com/business/salaambusiness", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Business Checking", "minOpeningDeposit": "$100", "fdicInsured": true, "profitStructure": "Interest-free (non-interest-bearing)", "features": [ "Riba-free checking tier designed for businesses with higher transaction volumes", "$100 minimum opening deposit; no interest paid or charged", "Treasury management, mobile deposit, and merchant services available", "Covered by the SSB's signed June 2024 certificate for Salaam checking and savings accounts", "International wires $40 via online/mobile banking ($80 through other channels)" ], "pricing": "$100 minimum opening deposit; non-interest-bearing by design. The monthly fee for the Essentials tier is not published on the Salaam pages or the 8/1/2026 rate sheet (crawled 2026-08-05) - confirm with the bank. International wires $40 via online/mobile banking ($80 through other channels)." }, { "id": "stearns-bank-salaam-business-market-savings", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Salaam Business Market Savings", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "A business profit-sharing savings account from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC). Business balances earn a riba-free expected profit rate sourced from the division's segregated Islamic financing portfolio, with published tiers on the 8/1/2026 rate sheet: 0.85% expected APY under $100,000, 1.97% from $100,000, and 2.99% at $500,000 and up; a Business Profit-Link variant pays 2.02% under $500,000 and 3.20% above. The Salaam Business page lists a $100 minimum opening deposit across its business accounts, and signed Sharia Supervisory Board certificates cover Salaam deposit products.", "website": "https://www.stearnsbank.com/business/salaambusiness", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Business Savings", "apy": "0.85%-2.99% expected APY (tiered); Profit-Link up to 3.20%", "minOpeningDeposit": "$100", "fdicInsured": true, "profitStructure": "Profit-sharing - derived from Islamic Banking Division financing portfolio", "features": [ "Riba-free profit-based returns derived from the Islamic Banking Division financing portfolio", "Funds not invested in interest-bearing instruments and segregated from interest-bearing deposits", "Open with as little as $100; tiered Expected Profit Rates on the published rate sheet", "Signed SSB Certificate of Sharia Compliance covering Salaam deposit accounts (June 2024)", "Customized solutions to extend FDIC insurance well beyond the $250,000 limit" ], "pricing": "Salaam Business Market Savings expected APY tiers (rate sheet effective 8/1/2026, verified 2026-08-05): 0.85% up to $99,999.99; 1.97% from $100,000; 2.99% at $500,000+. Business Profit-Link Market Savings: 2.02% under $500,000, 3.20% above. $100 minimum opening deposit per the Salaam Business page (rate sheet lists $0 minimum for Market Savings). Expected profit rates, not guarantees." }, { "id": "stearns-bank-salaam-nonprofit-checking", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Salaam Nonprofit Checking", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "An interest-free operating account for mosques, Islamic schools, and other nonprofits from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC). It is built for organizational cash flow - accepting donations, paying utilities, running payroll - with $100 to open and an unusually generous fee package: free unlimited same-day and next-day ACH origination, free unlimited incoming wires, up to five international wire fees refunded monthly when initiated online, no maintenance or minimum-balance fees, free checks, remote deposit capture, free basic Autobooks for donor invoicing, and Positive Pay fraud protection.", "website": "https://www.stearnsbank.com/business/salaambusiness", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Nonprofit Checking", "minOpeningDeposit": "$100", "fdicInsured": true, "profitStructure": "Interest-free (non-interest-bearing)", "features": [ "Interest-free operating account for mosques, Islamic schools, and other nonprofits; $100 to open", "Free unlimited same-day and next-day ACH origination and free unlimited incoming wires", "Up to five international wire fees refunded per month when initiated online", "No maintenance, inactivity, statement, or minimum-balance fees; free checks and remote deposit capture", "Free basic Autobooks for donor invoicing plus Positive Pay check-fraud protection" ], "pricing": "$100 minimum opening deposit; no maintenance, inactivity, statement, or minimum-balance fees; non-interest-bearing. Free unlimited same-day/next-day ACH origination and unlimited incoming wires; up to five international wire fees refunded per month when initiated online (verified 2026-08-05 from the Salaam nonprofit pages)." }, { "id": "stearns-bank-salaam-nonprofit-savings", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Salaam Nonprofit Savings", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "A profit-sharing savings account for nonprofit organizations - mosques, Islamic schools, community organizations - from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC). Nonprofits earn riba-free expected returns from the division's segregated Islamic financing portfolio at preferential tiers published on the 8/1/2026 rate sheet: 1.00% expected APY under $100,000, 2.02% from $100,000, and 3.20% at $500,000 and up - each tier above the equivalent personal and business rates. Stearns also donates up to $1,000 to nonprofits holding the account for 12 months, plus $250 per subsequent 12-month period.", "website": "https://www.stearnsbank.com/business/salaambusiness", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Nonprofit Savings", "apy": "1.00%-3.20% expected APY (tiered, nonprofit preferential rates)", "minOpeningDeposit": "$100", "fdicInsured": true, "profitStructure": "Profit-sharing - derived from Islamic Banking financing portfolio", "features": [ "Profit-sharing returns from the segregated Salaam financing portfolio, with preferential nonprofit rate tiers", "Stearns donates up to $1,000 to nonprofits holding the account for 12 months, plus $250 per subsequent 12-month period", "$100 minimum opening deposit; funds kept separate from interest-bearing deposits", "Signed SSB Certificate of Sharia Compliance covering Salaam savings accounts (June 2024)", "FDIC-insured, with options to extend coverage beyond $250,000" ], "pricing": "Salaam Nonprofit Market Savings expected APY tiers (rate sheet effective 8/1/2026, verified 2026-08-05): 1.00% up to $99,999.99; 2.02% from $100,000; 3.20% at $500,000+. $100 minimum opening deposit per the Salaam Business page (rate sheet lists $0 for Market Savings). Bank donates up to $1,000 after 12 months holding the account, plus $250 per subsequent 12-month period. Expected profit rates, not guarantees." }, { "id": "stearns-bank-savings-account", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Savings Account", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "A personal profit-sharing savings account from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC, St. Cloud, Minnesota, operating nationwide). Instead of interest, the account pays an expected profit rate derived from the division's segregated Islamic financing portfolio, with published tiers rising by balance: 0.85% expected APY under $100,000, 1.97% from $100,000, and 2.99% at $500,000 and up on the 8/1/2026 rate sheet, with a Profit-Link variant paying up to 3.20%. Deposits are documented as kept separate from the bank's interest-bearing funds, and a three-scholar Sharia Supervisory Board has issued signed compliance certificates covering Salaam deposit accounts.", "website": "https://www.stearnsbank.com/about/salaam-banking", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "accountType": "Savings", "apy": "0.85%-2.99% expected APY (tiered); Profit-Link up to 3.20%", "monthlyFee": "$0", "fdicInsured": true, "profitStructure": "Profit-sharing - Market-based returns", "features": [ "Expected profit derived from Stearns Bank's Islamic financing portfolio - funds never invested in interest-bearing instruments", "Deposits kept separate from the bank's interest-bearing deposits", "$0 minimum opening deposit, with tiered Expected Profit Rates on the published Salaam rate sheet", "Signed SSB Certificate of Sharia Compliance covering Salaam savings accounts (June 2024)", "FDIC-insured, with customized options to extend coverage beyond the $250,000 limit" ], "pricing": "Salaam Personal Market Savings expected APY tiers (rate sheet effective 8/1/2026, verified 2026-08-05): 0.85% up to $99,999.99; 1.97% from $100,000; 2.99% at $500,000+. Personal Profit-Link Market Savings: 2.02% under $500,000, 3.20% above. $0 minimum opening deposit for Market Savings per the rate sheet; no monthly maintenance fee. Rates are expected profit rates, not contractual guarantees." }, { "id": "university-islamic-financial-corporation-deposit-account", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Deposit Account", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Mudarabah", "structureSlugs": [ "mudarabah" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Hussein Hamed Hassan", "description": "UIF's Profit-Sharing Time Deposit - the halal counterpart to a CD - offered nationwide through University Bank (Member FDIC). Terms run 12, 36, or 60 months from a $5,000 minimum, with a jumbo tier above $100,000 and a $2,000,000 maximum; anticipated profit is paid quarterly, by check or applied to the balance. The relationship is an investment agency per AAOIFI Standard 46: deposits fund UIF's sharia-compliant residential, commercial, and vehicle financing portfolios, segregated from interest-bearing assets, with the anticipated rate disclosed upfront in the account agreement. Principal is FDIC-insured; a signed fatwa from UIF's independent Sharia Supervisory Board covers the product.", "website": "https://www.myuif.com/deposit-accounts/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2006, "bestFor": "Everyday banking", "lastVerified": "2026-08-13", "accountType": "Time Deposit Account", "monthlyFee": "$0", "minOpeningDeposit": "$5,000", "fdicInsured": true, "profitStructure": "Profit-sharing - Quarterly anticipated returns", "terms": [ "12 months", "36 months", "60 months" ], "features": [ "Provided through University Bank, Member FDIC", "Auto-renews at maturity for the same term length at the prevailing anticipated profit rate (unless the account owner requests otherwise)", "Jumbo tier: higher anticipated returns on balances over $100,000 (max $2,000,000)", "Choice of 12-, 36-, or 60-month maturity terms", "Funds held at University Bank under an investment agency agreement (AAOIFI Standard 46), segregated from interest-bearing assets and deposits", "Returns derived from UIF's faith-based financing portfolios (residential, commercial real estate, and vehicle finance)", "Funding: debit card up to $2,500, ACH up to $25,000, wire transfers required above $25,000", "Digital banking + MyUIF app with e-statements and real-time alerts", "Quarterly profit paid your way: check sent by mail or automatically applied to the deposit balance", "Upside potential: at UIF's discretion, you may be paid above the anticipated rate if the asset pool overperforms", "FDIC insurance ruled permissible by UIF's Sharia Supervisory Board (the FDIC is a third party to depositor and bank) - principal protected up to $250,000 per depositor, per bank, per ownership category", "Signed fatwa (Certificate of Shariah Accreditation) issued January 11, 2023 by UIF's Sharia Supervisory Board - published at myuif.com/fatawa", "Contract stack per the fatwa: Agency Agreement (customer appoints UIF as agent), Management & Services Agreement with the depository bank, account agreement and disclosures, and a Mudharabah Partnership Agreement" ], "maxAmount": "$2,000,000", "pricing": "$5,000 minimum opening (12-, 36-, or 60-month terms); jumbo tier above $100,000 with higher anticipated returns; $2,000,000 maximum; $0 monthly fees. Quarterly anticipated profit; rates disclosed in the Account Agreement at opening, not published on myuif.com (crawled 2026-08-05). No withdrawals in the first 7 days; no partial withdrawals before maturity; closing mid-quarter forfeits that quarter's accrued profit. Funding: debit card $2,500, ACH $25,000, wire above." }, { "id": "university-islamic-financial-corporation-savings-account", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Savings Account", "category": "Bank Accounts", "categoryHubUrl": "https://www.halalwallet.us/bank-accounts", "structure": "Mudarabah", "structureSlugs": [ "mudarabah" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Prof. Hussein Hamed Hassan", "description": "A nationwide profit-sharing savings account from UIF Corporation, a faith-based subsidiary of University Bank (Member FDIC). It opens with $100, carries no one-time or monthly fees, and pays a monthly anticipated profit computed on the daily balance - sourced from UIF's sharia-compliant portfolios of residential, commercial real estate, and vehicle financing under an investment-agency (wakala) structure per AAOIFI Standard 46. Funds are segregated from interest-bearing assets, principal is FDIC-insured up to $250,000, and the account is backed by a signed fatwa from UIF's independent Sharia Supervisory Board, which includes Sheikh Nizam Yaqubi.", "website": "https://www.myuif.com/deposit-accounts/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2006, "bestFor": "Everyday banking", "lastVerified": "2026-08-13", "accountType": "Savings", "monthlyFee": "$0", "minOpeningDeposit": "$100", "fdicInsured": true, "profitStructure": "Profit-sharing - Monthly anticipated returns", "features": [ "Provided through University Bank, Member FDIC", "Monthly anticipated profit calculated on the daily balance", "No maximum balance and no term requirements - deposit and withdraw anytime", "ATM card available", "Funds held at University Bank under an investment agency agreement (AAOIFI Standard 46), segregated from interest-bearing assets and deposits", "Returns derived from UIF's faith-based financing portfolios (residential, commercial real estate, and vehicle finance)", "Digital banking + MyUIF app with e-statements and real-time alerts", "Monthly profit paid by automatically applying it to the savings balance", "FDIC insurance ruled permissible by UIF's Sharia Supervisory Board (the FDIC is a third party to depositor and bank) - principal protected up to $250,000 per depositor, per bank, per ownership category", "Signed fatwa (Certificate of Shariah Accreditation) issued March 4, 2024 by UIF's Sharia Supervisory Board - published at myuif.com/fatawa", "Contract stack per the fatwa: Agency Agreement (customer appoints UIF as agent), Management & Services Agreement with the depository bank, account agreement and disclosures, and a Mudharabah Partnership Agreement" ], "pricing": "$100 minimum opening deposit; no one-time or monthly fees; no maximum balance. Monthly anticipated profit on the daily balance, with higher anticipated profit at higher balances. The anticipated profit rate is disclosed in the Account Agreement at opening and is not published on myuif.com (crawled 2026-08-05). Funding limits: debit card $2,500, ACH $25,000, wire above $25,000." }, { "id": "bank-of-whittier-business-financing", "provider": "Bank of Whittier", "providerProfileUrl": "https://www.halalwallet.us/providers/bank-of-whittier", "productName": "RF Business & Commercial Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "structure": "RF (Riba Free) financing, LARIBA discipline", "structureSlugs": [ "musharakah" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "LARIBA RF discipline with annual Raqaba LLC Shari'aa audits.", "shariahBoard": "third_party_certified", "description": "Riba-free business and commercial financing from Bank of Whittier, N.A. under the LARIBA RF discipline, which evaluates each deal as an investment in the productive use of the financed asset rather than a loan of money at interest. The bank also offers dedicated non-profit financing for community organizations such as mosques and schools. Available in all 50 states; following the July 2026 University Bancorp acquisition, roughly $60 million of the bank's cash is earmarked for deployment into faith-based financings.", "website": "https://www.bankofwhittier.com/open-business-account", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 1998, "bestFor": "Businesses and non-profits seeking riba-free bank financing nationwide", "lastVerified": "2026-08-05", "features": [ "Riba-free business and commercial financing in all 50 states", "Dedicated non-profit financing for mosques, schools, and community organizations", "RF business deposit suite: AMANA demand deposit, income-generating checking and savings, CDs", "About $60 million earmarked for new faith-based financings under University Bancorp ownership", "Annual third-party Shari'aa audits by Raqaba LLC" ], "pricing": "No published rates, amounts, or fee schedules (verified 2026-08-05); contact the bank. RF business deposit accounts (AMANA demand deposit, income-generating checking and savings, CDs) are available alongside the financing. Ownership note: University Bancorp (OTCQB: UNIB), parent of University Bank and UIF Corporation, received all regulatory approvals in May 2026 to acquire 100% of Greater Pacific Bancshares, Bank of Whittier's holding company, with closing scheduled July 1, 2026 and the bank continuing as a separate wholly owned subsidiary." }, { "id": "devon-bank-commercial-real-estate-financing", "provider": "Devon Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/devon-bank", "productName": "Commercial Real Estate Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Commercial Real Estate", "structure": "Murabaha / Ijara", "structureSlugs": [ "murabaha" ], "shariahOversight": "formal_board", "shariahOversightSummary": "The details of the initial Murabaha and Ijara products were reviewed by the Honorable Mufti Muhammad Nawal-ur-Rahman and the Shariah Supervisory Board of America", "shariahBoard": "formal_board", "description": "Commercial murabaha and ijara real estate financing for acquisitions, expansions, and refinances from Devon Bank, the Chicago community bank (founded 1945, FDIC-designated Minority Depository Institution) that has run faith-based commercial financing since 2003. Covers office, retail, and industrial property alongside religious and community facilities, with financing from $250,000 to $5,000,000 per our records. The bank's FAQ states the substance plainly: unlike a lender, it must own the property financed and bear certain risks. All products available in Illinois; selected availability elsewhere.", "website": "https://www.devonbank.com/faith-based-commercial-financing/", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 2003, "bestFor": "Midwest buyers, Chicago-based", "lastVerified": "2026-08-05", "features": [ "Commercial Murabaha and Ijara transactions for real estate acquisitions and expansions", "Finances churches, synagogues, mosques, and community facilities alongside businesses", "All products available in Illinois; selected availability in other states", "Locally owned bank able to individually tailor structures to specific needs", "Late fees above actual costs donated to charity, with a hardship waiver", "Shariah-compliant standby and documentary letters of credit available from the same team" ], "minAmount": "$250,000", "maxAmount": "$5,000,000", "serviceType": [ "Direct bank financing (murabaha / ijara)" ], "pricing": "No rates, amounts, or fees are published for commercial real estate - each deal is individually quoted by Devon's commercial Islamic financing specialists (VP direct lines 773-423-2523 and 773-423-2507). Published bank policy: the profit rate matches an equivalent conventional facility with no premium for religious accommodation; structure-driven extras such as recording two deeds (and possibly a second transfer tax, depending on jurisdiction) can apply; late fees above actual costs are donated to charity, with a hardship waiver. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "devon-bank-construction-financing", "provider": "Devon Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/devon-bank", "productName": "Construction Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Construction Financing", "structure": "Murabaha / Ijara", "structureSlugs": [ "murabaha" ], "shariahOversight": "formal_board", "shariahOversightSummary": "The details of the initial Murabaha and Ijara products were reviewed by the Honorable Mufti Muhammad Nawal-ur-Rahman and the Shariah Supervisory Board of America", "shariahBoard": "formal_board", "description": "Shariah-compliant construction financing from Devon Bank's faith-based commercial program, running since 2003. The bank openly notes that compliant construction finance is difficult and engineers each deal from a menu of methods it has used rather than a one-size product. It funds ground-up builds and renovations for businesses and community facilities - Devon has financed churches, synagogues, mosques, a Buddhist temple, social service agencies, and subsidized-housing developers. All products are available in Illinois, with selected availability in other states.", "website": "https://www.devonbank.com/faith-based-commercial-financing/", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 2003, "bestFor": "Midwest buyers, Chicago-based", "lastVerified": "2026-08-05", "features": [ "Experience with a variety of Shariah-compliant construction financing methods", "Custom-tailored structures - the bank openly notes compliant construction finance is difficult and engineers each deal", "Offered since 2003 within one of the longest-running US faith-based commercial programs", "Available in Illinois with selected availability elsewhere", "Dedicated commercial Islamic financing specialists (VP-level contacts published)", "Track record with mosques, churches, synagogues, and social service facilities" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (custom construction structures)" ], "pricing": "No rates, amounts, or fees are published for construction financing - each deal is individually quoted by Devon's commercial Islamic financing specialists (VP direct lines 773-423-2523 and 773-423-2507). Published bank policy: the profit rate matches an equivalent conventional facility with no premium for religious accommodation; structure-driven extras such as recording two deeds (and possibly a second transfer tax, depending on jurisdiction) can apply; late fees above actual costs are donated to charity, with a hardship waiver. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "devon-bank-equipment-financing", "provider": "Devon Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/devon-bank", "productName": "Equipment Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Equipment Financing", "structure": "Murabaha / Ijara", "structureSlugs": [ "murabaha" ], "shariahOversight": "formal_board", "shariahOversightSummary": "The details of the initial Murabaha and Ijara products were reviewed by the Honorable Mufti Muhammad Nawal-ur-Rahman and the Shariah Supervisory Board of America", "shariahBoard": "formal_board", "description": "Murabaha financing for business equipment and trade goods from Devon Bank, the Chicago community bank (founded 1945, FDIC-designated Minority Depository Institution) that has run one of the longest-standing faith-based commercial programs in the US since 2003. The bank buys the asset and resells it at a fixed, disclosed markup paid in installments; businesses with recurring purchases can use a Murabaha Guidance Line that aggregates smaller transactions under one pre-approved limit. All products are available in Illinois, with selected availability in other states, and the locally owned bank can individually tailor structures.", "website": "https://www.devonbank.com/faith-based-commercial-financing/", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 2003, "bestFor": "Midwest buyers, Chicago-based", "lastVerified": "2026-08-05", "features": [ "Murabaha financing for business equipment and trade goods", "Murabaha Guidance Line aggregates smaller transactions under one pre-approved limit", "Single-transaction or line-based structures to fit purchasing patterns", "Products reviewed and approved by fatwa of the Shariah Supervisory Board of America", "Available in Illinois and selected other states", "Dedicated commercial Islamic financing specialists (VP-level contacts published)" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (murabaha)" ], "pricing": "No rates, amounts, or fees are published for equipment financing - each deal is individually quoted by Devon's commercial Islamic financing specialists (VP direct lines 773-423-2523 and 773-423-2507). Published bank policy: the profit rate matches an equivalent conventional facility with no premium for religious accommodation; structure-driven extras such as recording two deeds (and possibly a second transfer tax, depending on jurisdiction) can apply; late fees above actual costs are donated to charity, with a hardship waiver. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "devon-bank-secured-line-of-credit", "provider": "Devon Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/devon-bank", "productName": "Secured Line of Credit", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Secured Line of Credit", "structure": "Murabaha / Ijara", "structureSlugs": [ "murabaha" ], "shariahOversight": "formal_board", "shariahOversightSummary": "The details of the initial Murabaha and Ijara products were reviewed by the Honorable Mufti Muhammad Nawal-ur-Rahman and the Shariah Supervisory Board of America", "shariahBoard": "formal_board", "description": "A real-estate-backed, Shariah-compliant line of credit built on Devon Bank's ijara transaction form, offered on a revolving, non-revolving, balloon, or diminishing basis. Qualification requires real estate equity and sufficient cash flow, and the line is available in any state where Devon can offer an ijara transaction (all products available in Illinois). The same commercial team also arranges Shariah-compliant standby and documentary letters of credit. Part of a faith-based commercial program running since 2003 inside a locally owned, FDIC-member Chicago bank.", "website": "https://www.devonbank.com/faith-based-commercial-financing/", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 2003, "bestFor": "Midwest buyers, Chicago-based", "lastVerified": "2026-08-05", "features": [ "Real-estate-backed line of credit built on the Ijara transaction form", "Available on a revolving, non-revolving, balloon, or diminishing basis", "Requires real estate equity and sufficient cash flow", "Offered in any state where Devon Bank can offer an Ijara transaction", "Shariah-compliant letters of credit (standby and documentary) also available from the same team" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (ijara-based credit line)" ], "pricing": "No rates, amounts, or fees are published for secured lines of credit - each deal is individually quoted by Devon's commercial Islamic financing specialists (VP direct lines 773-423-2523 and 773-423-2507). Published bank policy: the profit rate matches an equivalent conventional facility with no premium for religious accommodation; structure-driven extras such as recording two deeds (and possibly a second transfer tax, depending on jurisdiction) can apply; late fees above actual costs are donated to charity, with a hardship waiver. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "ijara-community-development-business-fixed-504-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Business Fixed 504 Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "SBA 504 Alternative", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Fixed-payment Sharia-compliant commercial building financing modeled on the SBA 504 framework (Sharia Business Fixed 504 program). $1M-$15M with as little as 5-10% down and up to 25 years of amortized, fixed-payment financing for well-qualified businesses buying or refinancing warehouses and offices; also covers debt refinancing, tenant improvements, and renovations. Structured as a trust-based Ijara - a single-asset trust buys the building and leases it to the business until title transfers - funded through 200+ commercial sources across all 50 states.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Fixed-payment financing for larger owner-occupied buildings", "lastVerified": "2026-08-13", "minDownPayment": "~5–10%", "terms": [ "Up to 25 years", "Fixed payments" ], "features": [ "All 50 states", "200+ commercial funding sources", "~5–10% down payment", "Up to 25 years of amortized, fixed-payment financing", "Property types: warehouses and offices", "Covers: debt refinancing, tenant improvements, renovations", "Modeled on the SBA 504 framework - no interest at any point", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$1,000,000", "maxAmount": "$15,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $1,000,000-$15,000,000 deal size, 5-10% down, up to 25 years of amortized fixed-payment financing. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-business-plus-7a-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Business Plus 7A Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "SBA 7(a) Alternative", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Shorter-term Sharia-compliant business financing modeled on the SBA 7(a) framework (Sharia Business Plus 7A program). $250K-$5M with 10-15% down over 7-10 year amortized terms, covering debt refinancing, business acquisitions, inventory, equipment, working capital, and tenant improvements and renovation. Structured as a trust-based Ijara: a single-asset trust purchases the asset and leases it to your business, with each payment split between rent and an equity buyout until title transfers. Funded through IjaraCDC's network of 200+ commercial sources across all 50 states.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Shorter-term business needs - acquisitions and working capital", "lastVerified": "2026-08-13", "minDownPayment": "~10–15%", "terms": [ "7–10 years" ], "features": [ "All 50 states", "200+ commercial funding sources", "~10–15% down payment", "7–10 year amortized terms", "Covers: debt refinancing, acquisitions, inventory, equipment, working capital, tenant improvements", "Modeled on the SBA 7(a) framework - no interest at any point", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$250,000", "maxAmount": "$5,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $250,000-$5,000,000 deal size, 10-15% down, 7-10 year amortized terms. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-business-premier-7a-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Business Premier 7A Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "SBA 7(a) Premier Alternative", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Premium Sharia-compliant commercial building financing modeled on the SBA 7(a) framework (Sharia Business Premier 7A program). $250K-$5M with as little as 5-10% down and up to 25 years of amortized financing for businesses buying or refinancing their buildings - warehouses, offices, restaurants, branded gas stations, and flagged hotels - plus debt refinancing, business acquisitions, inventory, equipment, working capital, and tenant improvements. Trust-based Ijara structure funded through 200+ commercial sources across all 50 states.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Businesses buying their building with minimal down", "lastVerified": "2026-08-13", "minDownPayment": "5–10%", "terms": [ "Up to 25 years" ], "features": [ "All 50 states", "200+ commercial funding sources", "5–10% down payment", "Up to 25 years amortized", "Warehouses, offices, restaurants, branded gas stations, flagged hotels", "Covers: debt refinancing, acquisitions, inventory, equipment, working capital, tenant improvements", "Trust-based Ijara (lease-to-purchase) structure", "Source: ijaracdc.com/products-categories/ and /islamic-financing-commercial/" ], "minAmount": "$250,000", "maxAmount": "$5,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $250,000-$5,000,000 deal size, 5-10% down, up to 25 years amortized. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-commercial-real-estate-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Commercial Real Estate Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Commercial Real Estate", "structure": "Ijara / Musharakah", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon.\nShaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Sharia-compliant financing for large commercial properties - office buildings, retail centers, and industrial assets - using IjaraCDC's trust-based Ijara structure. $500K-$20M with 35%+ equity required and long-term leases in place; stabilized, tenanted assets fit best. A single-asset trust purchases the property and leases it to your organization, with each payment split between rent and an equity buyout until title transfers. Funded through 200+ commercial sources across all 50 states, with a documented fatwa lineage from the 1995 Dallah Al Baraka fatwa to the 2012 update by Mufti Muneer Akhoon.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "No/low credit options", "lastVerified": "2026-08-13", "minDownPayment": "35%+", "features": [ "All 50 states", "200+ commercial funding sources", "35%+ equity required", "Long-term leases required", "Property types: office buildings, retail centers, industrial properties", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$500,000", "maxAmount": "$20,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $500,000-$20,000,000 deal size, 35%+ equity required, long-term leases required. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-investor-gold-cre-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Investor Gold CRE Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "National-Tenant CRE", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Sharia-compliant commercial real estate financing for well-qualified investors whose properties are leased long-term to national tenants with a credit rating or equivalent (Sharia Investor Gold program). $2M-$20M with only 20-25% down and up to 20 years of amortized financing; non-recourse options are available. Structured as a trust-based Ijara - a single-asset trust owns the property and leases it back with payments split between rent and equity buyout - funded through 200+ commercial sources across all 50 states.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Investors with credit-rated national tenants", "lastVerified": "2026-08-13", "minDownPayment": "20–25%", "terms": [ "Up to 20 years" ], "features": [ "All 50 states", "200+ commercial funding sources", "20–25% down payment", "Up to 20 years of amortized financing", "Requires long-term national tenants with credit rating or equivalent", "Non-recourse available", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$2,000,000", "maxAmount": "$20,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $2,000,000-$20,000,000 deal size, 20-25% down, up to 20 years amortized, non-recourse options available. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-multifamily-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Multifamily Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Multifamily", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Sharia-compliant financing for multifamily apartment complexes of 8-300 units. $1M-$25M at 25-30% down, with long amortization terms and non-recourse options available. Structured as a trust-based Ijara: a single-asset trust purchases the complex and leases it to your entity, with each payment split between rent and an equity buyout until title transfers. Funded through IjaraCDC's network of 200+ commercial sources across all 50 states, under a contract with a documented fatwa lineage from the 1995 Dallah Al Baraka fatwa to the 2012 update by Mufti Muneer Akhoon.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Multifamily apartment investors", "lastVerified": "2026-08-13", "minDownPayment": "25–30%", "features": [ "All 50 states", "200+ commercial funding sources", "8–300 units", "25–30% down payment", "Long amortization terms", "Non-recourse options available", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$1,000,000", "maxAmount": "$25,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $1,000,000-$25,000,000 deal size, 8-300 units, 25-30% down, long amortization, non-recourse options available. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-non-profit-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Non-Profit Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Non-Profit Financing", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Sharia-compliant financing for masjids, Islamic schools, and Muslim nonprofit organizations. Established organizations: $300K-$7M, 30% down, up to 20 years with a 10-year balloon, up to 12 months of no payments during construction, and no personal guarantees possible. New organizations: $300K-$1M, 30-40% down, personal guarantees required. Structured as a trust-based Ijara through 200+ commercial funding sources across all 50 states, with a documented fatwa lineage from the 1995 Dallah Al Baraka fatwa to the 2012 update by Mufti Muneer Akhoon.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Masjids, Islamic schools, and Muslim nonprofits", "lastVerified": "2026-08-13", "minDownPayment": "30–40%", "terms": [ "Up to 20 years", "10-year balloon (established organizations)" ], "features": [ "All 50 states", "200+ commercial funding sources", "Established organizations: 30% down, $300K–$7M, no personal guarantees possible", "New organizations: 30–40% down, $300K–$1M, personal guarantees required", "Up to 12 months of no payments during construction", "Suits masjids, Islamic schools, and community nonprofits", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$300,000", "maxAmount": "$7,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: established organizations $300,000-$7,000,000 at 30% down (up to 20 years, 10-year balloon); new organizations $300,000-$1,000,000 at 30-40% down; up to 12 months of no payments during construction. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-small-business-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Small Business Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Small Business", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Financing for businesses purchasing or refinancing their operating property - offices, medical and dental practices, restaurants, warehouses, gas stations, hotels - plus acquisitions, equipment, inventory, working capital, and renovations. $250K-$5M at roughly 5-10% down over terms up to 25 years, with a professional-practices sub-program at ~5% down that supports construction and build-outs with payment deferral. Structured as a trust-based Ijara through IjaraCDC's 200+ commercial funding sources across all 50 states.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Small business owners and professional practices", "lastVerified": "2026-08-13", "minDownPayment": "~5–10%", "terms": [ "Up to 25 years" ], "features": [ "All 50 states", "200+ commercial funding sources", "~5–10% down payment", "Property types: offices, medical/dental, restaurants, warehouses, gas stations, hotels", "Also covers: acquisitions, equipment, inventory, working capital, renovations", "Professional practices program: ~5% down, construction/build-outs, payment deferral during buildout", "Trust-based Ijara (lease-to-purchase) structure" ], "minAmount": "$250,000", "maxAmount": "$5,000,000", "serviceType": [ "Financing facilitator (trust-based ijara, 200+ funding sources)" ], "pricing": "Individually quoted through IjaraCDC's 200+ commercial funding sources - no posted rate sheet in USD. Published program parameters: $250,000-$5,000,000 deal size, 5-10% down (professional practices ~5%), up to 25 years; payment deferral available during build-outs. The rent factor is benchmarked against conventional indexes at quote time (a practice IjaraCDC's cited scholars call 'not ideal, but it does not affect the basis of the transaction'), and application or processing fees are not published. Contact 877-864-5272 (verified 2026-08-05).", "verifiedProgramFacts": { "minDealSize": "$300,000", "dscrOrOperatingHistory": "Ideally ~2 years of operating history", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "servicing": { "onlinePaymentPortal": true, "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "jafari-credit-union-equipment-financing", "provider": "Jafari Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/jafari-credit-union", "productName": "Equipment Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Equipment Financing", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No formal Shariah board or fatwa published on site.\nOperates as a no-interest credit union model.", "shariahBoard": "no_public_review", "description": "Business equipment financing at a true 0% from Jafari No-Interest Credit Union, a Texas state-chartered, NCUA-insured credit union (operating since 2016) created by and for the Jafari (Shia) Muslim community. Business equipment purchase or repair loans run $5,000-$16,000 for equipment bought or repaired within the last six months from standard industry vendors, repaid principal-only at a minimum of $200 a month over terms up to 60 months. Every business owner must be a credit union member, and the CU covers its roughly $40,000 in annual costs through flat fees, voluntary fee programs, and donations rather than interest.", "website": "https://www.jafaricu.com/#services", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "founded": 2016, "bestFor": "True 0% interest, NCUA insured", "lastVerified": "2026-08-05", "terms": [ "Up to 60 months", "Minimum $200/month" ], "features": [ "0% business equipment loans of $5,000-$16,000 (purchase or repair within the last 6 months)", "All business owners must be CU members; applications run through a shared savings account", "Documentation: business tax return, articles of incorporation, 3 months of bank statements, IRS EIN letter", "Terms up to 60 months at a minimum of $200/month; flat application fees instead of interest", "Program-level cap of $200,000 in outstanding business loans", "365 members, $2.19M deposits, $3.82M lifetime loans issued (CU-reported, March 2026)" ], "minAmount": "$5,000", "maxAmount": "$16,000", "serviceType": [ "Member-owned credit union (0% qard hasan model)" ], "pricing": "True 0% throughout (verified 2026-08-05): business equipment purchase/repair loans of $5,000-$16,000, repaid principal-only at a minimum of $200/month over terms up to 60 months. Costs are covered by fees rather than interest: $200 deposit to open the required savings account, $50 minimum balance, and a monthly account fee of $3 (no loans, or savings at or above total loans), $12 (loans exceed savings by under $10,000), or $30 (loans exceed savings by $10,000 or more), plus flat loan application fees. Member deposits NCUA-insured to $250,000." }, { "id": "neighborhood-development-center-small-business-loans", "provider": "Neighborhood Development Center", "providerProfileUrl": "https://www.halalwallet.us/providers/neighborhood-development-center", "productName": "Small Business Loans", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Small Business Loans", "structure": "Islamic Financing", "shariahOversight": "no_public_review", "shariahOversightSummary": "Community development lender.\nNo formal Shariah board or certification published.", "shariahBoard": "no_public_review", "description": "Small business lending from Neighborhood Development Center, a Saint Paul CDFI nonprofit founded in 1993 that pairs capital with training, coaching, and incubator space across the Twin Cities. Its published menu runs from $500-$2,500 small dollar loans and $10,000 express loans through $50,000 microloans, $50,000-$250,000 small business loans (SBA-guaranteed available), and commercial real estate and clean energy loans to $250,000. For borrowers avoiding interest, NDC lists a Profit-Based Financing option: buy-and-sell agreements for vehicles, equipment, and other hard costs. NDC reports 1,067 loans totaling $35 million, with a $33,000 average.", "website": "https://www.ndc-mn.org/", "nationwide": false, "stateCount": 1, "states": [ "MN" ], "bestFor": "Small business loans, community focus", "lastVerified": "2026-08-05", "features": [ "Profit-Based Financing: buy-and-sell agreements for vehicles, equipment, and other hard costs - profit from resale rather than interest", "Eight-product CDFI loan menu running from $500 microloans to $250,000 SBA-guaranteed loans", "Character-based underwriting aimed at entrepreneurs who may not qualify for traditional bank financing", "Pre- and post-loan business consulting, entrepreneur training, and incubator space including Midtown Global Market", "Separate Credit Up! program: a $300 personal credit-builder loan at no interest and no fees, reported to the credit bureau", "Loan information sessions held twice monthly, virtual and in person" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "CDFI nonprofit lender" ], "pricing": "Published loan menu (verified 2026-08-05): small dollar loans $500-$2,500; express loans up to $10,000 (owners with credit scores of 650+); microloans up to $50,000; small business loans $50,000-$250,000 with SBA-guaranteed options; commercial real estate loans up to $250,000; clean energy loans $5,000-$250,000. No pricing, markup, or terms are published for the Profit-Based Financing buy-sell product - request the contract structure and cost in writing. Org-reported lending scale: 1,067 loans, $35 million total, roughly $33,000 average loan size." }, { "id": "stearns-bank-commercial-real-estate-financing", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Commercial Real Estate Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Commercial Real Estate", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "Sharia-compliant commercial real estate financing from Stearns Salaam Banking, the Islamic division of FDIC-insured Stearns Bank N.A. It covers acquisition and refinancing of rental properties, office space, warehouses, retail property, and buildings for mosques and schools. The product carries a signed Certificate of Sharia Compliance for Real Estate Acquisition & Refinancing (August 2024) from the division's independent three-scholar Sharia Supervisory Board, with compliance judged against AAOIFI Sharia Standards. Note the boundary Stearns itself draws: no personal home financing - commercial and rental investment property only.", "website": "https://www.stearnsbank.com/about/salaam-banking", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "features": [ "Acquisition and refinancing of commercial real estate: rental properties, offices, warehouses, retail, and buildings for mosques and schools", "Signed SSB Certificate of Sharia Compliance for Real Estate Acquisition & Refinancing (August 2024)", "Certificate scope explicitly includes refinancing, not just purchase", "Finances investment property for rental income; personal home financing not offered", "Delivered inside an FDIC-insured, nationally chartered bank operating nationwide" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (Salaam division)" ], "pricing": "Stearns publishes no rates, amounts, or fee schedules for Salaam financing - every deal is individually quoted (800-320-7262). The public pages also never name the underlying Islamic contract (murabaha, ijara, or musharaka) for financing products; compliance is asserted through signed Sharia Supervisory Board certificates rather than published mechanics. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "stearns-bank-construction-financing", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Construction Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Construction Financing", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "Sharia-compliant construction financing from Stearns Salaam Banking, the Islamic division of FDIC-insured Stearns Bank N.A. (St. Cloud, Minnesota). It funds ground-up construction and improvements on retail, industrial, multi-family, and office space, plus dedicated construction financing for nonprofits such as mosques and Islamic schools with flexible structuring options. The Stearns Bank Construction Team manages draws, monthly budget reviews, and change orders, and the product carries a signed Certificate of Sharia Compliance issued by the division's three-scholar Sharia Supervisory Board in September 2024.", "website": "https://www.stearnsbank.com/about/salaam-banking", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "features": [ "Ground-up construction and improvements on retail, industrial, multi-family, and office space", "Dedicated construction financing for mosques and Islamic schools with flexible structuring options", "Stearns Bank Construction Team manages draws, monthly budget reviews, and change orders", "Signed SSB Certificate of Sharia Compliance for Construction Financing (September 2024)", "Review basis stated in the certificate: AAOIFI Sharia Standards and Islamic jurisprudence academy decisions" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (Salaam division)" ], "pricing": "Stearns publishes no rates, amounts, or fee schedules for Salaam financing - every deal is individually quoted (800-320-7262). The public pages also never name the underlying Islamic contract (murabaha, ijara, or musharaka) for financing products; compliance is asserted through signed Sharia Supervisory Board certificates rather than published mechanics. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "stearns-bank-equipment-financing", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Equipment Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Equipment Financing", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "Sharia-compliant equipment financing from Stearns Salaam Banking, the Islamic division of FDIC-insured Stearns Bank N.A. It funds commercial equipment purchases across industries such as hospitality, medical, and manufacturing, with flexible terms and payment options, and is framed for nonprofits as a partnership to purchase and own equipment and commercial assets. Products are reviewed by the division's independent three-scholar Sharia Supervisory Board (Mufti Ibrahim Essa, Shaykh Taha Abdul-Basser, Mufti Mirza-Zain Baig) against AAOIFI Sharia Standards, though no equipment-specific certificate is published.", "website": "https://www.stearnsbank.com/about/salaam-banking", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "features": [ "Commercial equipment purchases across industries including hospitality, medical, and manufacturing", "Ownership-framed structure: 'partner with us to purchase and own' equipment and commercial assets", "Flexible terms and payment options (per the published product description)", "Division-wide Sharia Supervisory Board review; no equipment-specific certificate is published", "Available to businesses and nonprofits through FDIC-insured Stearns Bank N.A." ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (Salaam division)" ], "pricing": "Stearns publishes no rates, amounts, or fee schedules for Salaam financing - every deal is individually quoted (800-320-7262). The public pages also never name the underlying Islamic contract (murabaha, ijara, or musharaka) for financing products; compliance is asserted through signed Sharia Supervisory Board certificates rather than published mechanics. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "stearns-bank-secured-line-of-credit", "provider": "Stearns Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/stearns-bank", "productName": "Secured Line of Credit", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Secured Line of Credit", "structure": "Varies by product", "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Sharia Supervisory Board reviews products (Mufti Ibrahim Essa + others).\nBoard approved deposit & financing products.", "shariahBoard": "formal_board", "description": "A Sharia-compliant secured line of credit from Stearns Salaam Banking, the Islamic division of FDIC-insured Stearns Bank N.A. The facility can be used for working capital, to provide a financial cushion, or to fund growth and expansion strategies - a revolving-style credit structure that is genuinely unusual in the US Islamic finance market. All Salaam financing products are reviewed and approved by the division's independent three-scholar Sharia Supervisory Board against AAOIFI Sharia Standards, though no product-specific certificate or contract structure has been published for this facility.", "website": "https://www.stearnsbank.com/about/salaam-banking", "nationwide": false, "stateCount": 1, "states": [ "IL" ], "founded": 1912, "bestFor": "Business financing expertise", "lastVerified": "2026-08-13", "features": [ "Sharia-compliant secured line of credit for working capital, financial cushion, or expansion funding", "A rare revolving-style facility in the US Islamic finance market", "Division states all financing products are reviewed and approved by its three-scholar Sharia Supervisory Board", "No product-specific compliance certificate or contract structure published for this facility - request documentation", "Offered through FDIC-insured Stearns Bank N.A., headquartered in Minnesota" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct bank financing (Salaam division)" ], "pricing": "Stearns publishes no rates, amounts, or fee schedules for Salaam financing - every deal is individually quoted (800-320-7262). The public pages also never name the underlying Islamic contract (murabaha, ijara, or musharaka) for financing products; compliance is asserted through signed Sharia Supervisory Board certificates rather than published mechanics. No published pricing found on crawl (verified 2026-08-05)." }, { "id": "university-islamic-financial-corporation-commercial-real-estate-financing", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Commercial Real Estate Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Commercial Real Estate", "structure": "Musharakah", "structureSlugs": [ "musharakah" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Hussein Hamed Hassan", "description": "Faith-based commercial real estate financing from UIF Corporation (NMLS #93460, subsidiary of University Bank) built on a Musharaka partnership: the customer's 35-40% evaluated equity or verified down payment and UIF's financing amount jointly purchase the property, the customer pays rent on UIF's share, and buys that share out over the agreed term. Eligible uses include professional offices, retail centers, masjids, community centers, schools, and apartment and rental buildings, with financing titled in an individual or LLC name. Offered in 22 states, with a dedicated non-profit program for 501(c)(3) organizations.", "website": "https://www.myuif.com/commercial/", "nationwide": false, "stateCount": 22, "states": [ "CA", "CO", "CT", "DE", "FL", "GA", "IL", "IN", "KY", "MA", "MD", "MI", "MN", "NC", "NJ", "NY", "OH", "PA", "TX", "VA", "WA", "WI" ], "founded": 2006, "bestFor": "Business real estate", "lastVerified": "2026-08-13", "minDownPayment": "30–40% of purchase price or appraised value, whichever is less (program page cites 35–40%), depending on property type and location", "features": [ "Eligible uses: professional offices, retail centers, masjids, community centers, schools, apartment buildings & rental properties", "Financing can be titled in an individual or LLC name", "Requires 35–40% evaluated equity or verified down payment", "Three years of personal and business financials plus a Personal Financial Statement required", "Dedicated non-profit program: 501(c)3 status, 35–40% equity/down payment, three years of financial statements, and three qualified personal guarantors", "Typically ready to close ~60 days after initial documents and the $6,500 appraisal/survey deposit", "UIF closing fee generally 1% of the amount financed ($2,500 minimum)", "Also finances shopping centers and warehouses (real estate collateral only)", "No promissory note - scholar-approved partnership paperwork instead", "Approval reviews personal credit, business cash flow, a proven secondary source of repayment, and the initial investment", "Community center financing (per FAQ): 501(c)3, 40% equity in real estate or cash, two years of financials, and at least three qualified personal guarantors" ], "minAmount": "$100,000", "maxAmount": "$2,000,000 (higher amounts possible by partnering with other investors)", "serviceType": [ "Direct non-bank financier (subsidiary of University Bank)" ], "pricing": "UIF publishes requirement-side costs rather than a rate sheet: $6,500 appraisal and property survey deposit upfront; UIF closing fee generally 1% of the amount financed ($2,500 minimum); third-party costs typically attorney $5,000-$10,000, commercial appraisal $1,500-$3,500, survey $1,500-$3,500, plus possible Michigan LLC formation ($50-$150). The Musharaka profit rate is quoted per deal; 35-40% evaluated equity or verified down payment required; typically ready to close about 60 days after initial documents (verified 2026-08-05)." }, { "id": "university-islamic-financial-corporation-construction-financing", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Construction Financing", "category": "Business Financing", "categoryHubUrl": "https://www.halalwallet.us/business-financing", "productType": "Construction Financing", "structure": "Istisna (construction)", "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Hussein Hamed Hassan", "description": "Residential construction financing from UIF Corporation structured as a certified Istisna (commissioned-construction) contract, with a signed fatwa published February 2023. The customer must own the lot free and clear and intend the completed home as a primary residence; UIF appoints the customer as its agent to select and negotiate with a builder, who must pass UIF's background and track-record checks. Profit is paid only on amounts actually disbursed to the builder for work in place, and one application covers both the construction phase and the long-term take-out financing across two closings. Available in FL, GA, MI, MN, and NC.", "website": "https://www.myuif.com/construction-financing/", "nationwide": false, "stateCount": 5, "states": [ "FL", "GA", "MI", "MN", "NC" ], "founded": 2006, "bestFor": "Building & renovation", "lastVerified": "2026-08-13", "features": [ "Land must be owned free and clear before applying", "For homes intended as the buyer's primary residence", "Profit paid only on amounts disbursed to the builder for work in place", "Total construction cost and profit specified upfront and cannot be changed", "Buyer acts as UIF's agent via Power of Attorney to select the builder, negotiate price, and set specifications", "One application covers construction + long-term financing (two closings: construction first, permanent financing once the build completes)" ], "minAmount": "Contact provider", "maxAmount": "Contact provider", "serviceType": [ "Direct non-bank financier (subsidiary of University Bank)" ], "pricing": "No rate sheet published - the Istisna contract price is fixed upfront in three parts (principal for materials and labor, profit as a percentage of principal, and construction-related expenses), and profit accrues only on amounts disbursed to the builder for work in place, never on undrawn commitment. Long-term take-out financing is arranged at application, with two closings. Late fees, if collected, are absolved to charity, and early completion earns the customer a credit. Individual quotes only (verified 2026-08-05)." }, { "id": "a-continuous-charity-education-financing", "provider": "A Continuous Charity", "providerProfileUrl": "https://www.halalwallet.us/providers/a-continuous-charity", "productName": "Education Financing", "category": "Education Financing", "categoryHubUrl": "https://www.halalwallet.us/halal-student-loans", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "Religious counsel comes from Sh. Omar Suleiman (Masters in Islamic finance) and Sh. Yaser Birjas (valedictorian of Madinah's College of Shariah), atop a dollar-for-dollar Qard Hasan structure with unanimous approval across the schools - though ACC styles the two as counsel rather than a certifying board with audit authority.", "shariahBoard": "Independent", "description": "Interest-free Qard Hasan student financing from a nonprofit built for exactly this problem: ACC pays tuition, fees, or supplies directly to your institution and you repay exactly what was borrowed, dollar for dollar. Open to US citizens, permanent residents, and DACA recipients in any field, from community college and trade programs through PhD, across 34 states. Applications run on an annual cycle (the 2026 cycle opened January 15) with decisions in June; a cosigner and a legally binding contract are required. A refinance track pays off the principal of existing interest-based student debt directly to the loan holder.", "website": "https://acceducate.org/apply/", "nationwide": false, "stateCount": 34, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "FL", "GA", "IL", "IN", "KS", "KY", "LA", "MA", "MI", "MN", "MO", "NC", "ND", "NE", "NH", "OH", "OK", "OR", "PA", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "WI" ], "bestFor": "Interest-free education loans", "lastVerified": "2026-08-05", "monthlyFee": "$0 - no fees of any kind", "features": [ "True Qard Hasan: repay exactly the principal, dollar for dollar - no interest, fees, or markup of any kind", "Open to US citizens, permanent residents, and DACA recipients in any field, from community college and trade programs through PhD", "Annual application cycle (opened January 15 for 2026) with decisions in June; a cosigner and legally binding contract are required", "Funds are paid directly to the educational institution, never to the student", "Refinance program pays off the principal of existing interest-based student debt directly to the loan holder", "Since January 1, 2025, awarded loans appear on credit reports, with 90+ day delinquencies reported to a bureau" ], "pricing": "0.00% by construction: you repay exactly what was borrowed, dollar for dollar - no interest, markup, or fees at any stage (verified 2026-08-05). Funds go directly to the institution, never the student. Repayment schedules are individualized; since January 1, 2025 awarded loans appear on credit reports via soft pull, with 90+ day delinquencies reported to a bureau. Loan amounts are not published." }, { "id": "qard-hasan-foundation-education-financing", "provider": "Qard Hasan Foundation", "providerProfileUrl": "https://www.halalwallet.us/providers/qard-hasan-foundation", "productName": "Education Financing", "category": "Education Financing", "categoryHubUrl": "https://www.halalwallet.us/halal-student-loans", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No scholar, board, or fatwa is named anywhere - the foundation grounds its 0.00% no-fee loan directly in Qur'an 2:275–276 and the qard hasan verses, and its zakat policy (zakat-marked donations are returned) shows real fiqh care; governance is thin, but with no pricing to certify, the risk is correspondingly low.", "shariahBoard": "Qard Hasan", "description": "Charitable 0% Qard Hasan student loans for Muslim students in Texas - US citizens or green-card holders with a 3.0+ GPA at accredited US institutions. Loans target $5,000 per school year ($2,500 per semester), paid directly to the institution, with a minimum repayment of $100 per month for each $2,500 loan awarded. No interest, no application or processing fees, no charges of any kind; earlier applications get priority in each cycle, announced via its email list. A 2025 Educational Partnership Fund with A Continuous Charity expands capacity for Texas students.", "website": "https://qardhasanfoundation.org/applying-for-a-loan/#", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "bestFor": "True 0% education financing", "lastVerified": "2026-08-05", "monthlyFee": "$0 - no fees of any kind", "maxLoanAmount": "$5,000 per year ($2,500 per semester)", "termOptions": [ "50 months at $100/month", "25 months at $200/month" ], "features": [ "0.00% interest with no application fees or other charges of any kind", "Loans target $5,000 per year ($2,500 per semester), paid directly to the educational institution", "Repayment of $100 or $200 per month per loan (50 or 25 months), with a practical $400/month cap across loans", "Open to Muslim students in Texas - US citizens or green-card holders with a 3.0+ GPA at accredited US institutions", "Rolling approval policy: earlier applications get priority, with cycles announced via its email list", "2025 Educational Partnership Fund with A Continuous Charity expands capacity for Texas students" ], "pricing": "0.00% with no application or processing fees or charges of any kind (verified 2026-08-05). Loans target $5,000 per year ($2,500 per semester), paid directly to the institution. Minimum repayment is $100/month per $2,500 loan ($100 or $200 per month over 50 or 25 months), with a practical $400/month cap across loans." }, { "id": "american-halal-foundation-halal-certification", "provider": "American Halal Foundation", "providerProfileUrl": "https://www.halalwallet.us/providers/american-halal-foundation", "productName": "Halal Certification", "category": "Halal Certifications", "structure": "Halal Certification", "shariahOversightSummary": "AHF publishes its full standards text - hand-slaughter only, reversible stunning with continuous monitoring - with accreditation from BPJPH, JAKIM, GAC, MUIS, and EIAC among others; but no Shariah board or fatwa committee is named, and religious authority rests on founder-president Dr. Mazhar Hussaini plus anonymous advisors.", "shariahBoard": "not_applicable", "description": "Halal certification from the American Halal Foundation (AHF), whose founder-president Dr. Mohammad Mazhar Hussaini conducted one of the first formal US halal audits in 1983. Operating from a Tampa HQ with nine offices including Shanghai, Montreal, and Tamil Nadu, AHF certifies food, cosmetics, pharmaceuticals, nutraceuticals, chemicals, and packaging - including US military MRE programs - and publishes its full standards text online, with hand slaughter only for meat and poultry and only reversible stunning permitted. Accreditations and recognitions span BPJPH, JAKIM, GAC, MUIS, EIAC, CICOT, and IMANOR.", "website": "https://halalfoundation.org/welcome/?msclkid=e6328b9f8b9b129e4573e3186d4e3a50", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Halal certification services", "lastVerified": "2026-08-05", "features": [ "Published full standards text: hand slaughter only for both meat and poultry, reversible stunning only, Muslim slaughterman with tasmiyah per animal", "Accredited or recognized by BPJPH (Indonesia), JAKIM (Malaysia), GAC (Saudi/GCC), MUIS (Singapore), EIAC (UAE, Oct 2025), CICOT, IMANOR, and more", "Free application; roughly three weeks average to certification (5–7 day review, 4-hour audit, certificate within 48 hours)", "Public searchable certificate database plus a published delisting ledger", "Combined single-audit programs: Vegan, Non-GMO, Gluten-Free, and SQF alongside halal", "Scope beyond food: cosmetics, pharmaceuticals, nutraceuticals, chemicals, packaging, and US military MRE programs" ], "pricing": "AHF publishes an average annual cost band of USD 250 to $7,000 per year depending on the scope and nature of the product and facility, and charges nothing to process a certification application (free application, custom quote). Published cost drivers: type and size of the business operation, number and variety of manufacturing facilities, and number and variety of products. Average time to certification is roughly three weeks (5-7 day review, 4-hour audit, certificate within 48 hours). Cost page verified 2026-08-05." }, { "id": "islamic-food-and-nutrition-council-of-america-halal-certification", "provider": "Islamic Food and Nutrition Council of America", "providerProfileUrl": "https://www.halalwallet.us/providers/islamic-food-and-nutrition-council-of-america", "productName": "Halal Certification", "category": "Halal Certifications", "structure": "Halal Certification", "shariahOversightSummary": "Audits pair a technical auditor with an Islamic Affairs expert and decisions rest with a Halal Certification Committee, backed by accreditation from ANAB, BPJPH, EIAC, GAC, HAK, and PNAC - yet no scholar or committee member is named anywhere; CEO Muhammad M. Chaudry, PhD is the only person identified on the site.", "shariahBoard": "not_applicable", "description": "Halal certification from the Islamic Food and Nutrition Council of America (IFANCA), the Des Plaines, Illinois not-for-profit operating since 1982 whose registered Crescent-M mark appears on products from clients including Abbott, Gerber, General Mills, Starbucks, and Impossible Foods. IFANCA certifies food, beverages, cosmetics, supplements, and pharmaceuticals - roughly 11,500 certified products across about 465 companies in its searchable public directory - and is accredited by ANAB (US), BPJPH (Indonesia), EIAC (Dubai), GAC (Gulf), HAK (Turkiye), and PNAC (Pakistan).", "website": "https://ifanca.org/certification-process/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Halal certification services", "lastVerified": "2026-08-05", "features": [ "Registered Crescent-M certification mark; not-for-profit certifier operating since 1982", "Accredited by ANAB, BPJPH, EIAC, GAC, HAK (Türkiye), and PNAC; recognized by JAKIM, MUIS, SASO, SFDA, CICOT, and more", "Certifies under the UAE/GSO, SMIIC, JAKIM, BPJPH, and MUIS schemes, others case by case", "Searchable public directory of ~11,500 certified products and ~465 companies", "Dual-track audits: a halal technical auditor plus an Islamic Affairs expert, with certification decided by a separate committee", "Quarterly Halal Consumer Magazine published since 2000 (40,000 circulation)" ], "pricing": "IFANCA publishes typical fee ranges (FAQ dated March 2023): plant registration $2,000-$2,500, plant audit $1,000-$1,500, and product registration $350-$750 - per plant and per product, so multi-site, multi-SKU manufacturers pay substantially more. Ten published factors drive pricing (HACCP plans, employees, product types, shifts, lines, plant size, lab testing, translator need), and every applicant receives a custom fee quote after application. Whether fees are one-time or annual is not stated. Site and fee FAQ verified live 2026-08-05." }, { "id": "islamic-services-of-america-halal-certification", "provider": "Islamic Services of America", "providerProfileUrl": "https://www.halalwallet.us/providers/islamic-services-of-america", "productName": "Halal Certification", "category": "Halal Certifications", "structure": "Halal Certification", "shariahOversightSummary": "Certifying since 1975 with accreditation that travels - A2LA (ISO/IEC 17065), GAC, BPJPH, HAK, and EIAC, plus JAKIM and MUIS recognition - but no scholar, mufti, or Shariah board is named anywhere; decisions rest with an anonymous internal Halal Committee, and the standard applied flexes with the destination market.", "shariahBoard": "not_applicable", "description": "Halal certification and auditing from Islamic Services of America (ISA), the Cedar Rapids, Iowa body founded in 1975 that claims to be the first North American halal certifier. ISA certifies food, beverages, chemicals, pharmaceuticals, and slaughtering services to whichever destination-market standard applies - JAKIM (Malaysia), BPJPH (Indonesia), MUIS (Singapore), GSO (Gulf), and others - backed by an A2LA-accredited ISO/IEC 17065 program. A founding member of the World Halal Food Council, ISA works with Canadian partner HMCA and publishes an annual register of suspended and cancelled customers.", "website": "https://www.isahalal.com/services/certification-process", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Halal certification services", "lastVerified": "2026-08-05", "features": [ "Accredited or accepted by JAKIM, BPJPH (2024), MUIS, EIAC (Jul 2025), HAK (2025), CICOT, and GAC (GSO 2055-2), plus A2LA-accredited ISO/IEC 17065", "Published slaughter policy: hand and machine poultry slaughter accepted, hand only for beef; animals killed by stunning are not halal; no pen-raised cattle", "Published typical fee ranges: audit $1,400–1,600, facility $1,500–2,500, per product $100–500", "Annual public register of suspended, cancelled, and terminated customers since 2018", "Scope includes non-consumables (packaging, lubricants, minerals, filters) plus slaughterman training and export certificates", "Up to 90 days end to end; certificates valid one year on a calendar-year basis" ], "pricing": "ISA publishes typical fee ranges rather than a price list: audit $1,400-$1,600, facility fee $1,500-$2,500, and $100-$500 per product, with exact quotes confidential and set per engagement. Certificates are valid one year on a calendar-year basis, and the process can take up to 90 days end to end. Site live and process pages verified 2026-08-05; fee ranges are as published by ISA." }, { "id": "usa-halal-chamber-of-commerce-halal-certification", "provider": "USA Halal Chamber of Commerce", "providerProfileUrl": "https://www.halalwallet.us/providers/usa-halal-chamber-of-commerce", "productName": "Halal Certification", "category": "Halal Certifications", "structure": "Halal Certification", "shariahOversightSummary": "House positions are published in rare detail - reversible stunning with revival checks, gas stunning banned, hand slaughter for large animals - under GAC and EIAC accreditation plus a BPJPH mutual-recognition agreement; yet no scholar is named beyond founder-CEO Habib Ghanim, Sr., and its ISWA standards are request-only.", "shariahBoard": "not_applicable", "description": "Halal certification from the USA Halal Chamber of Commerce (Silver Spring, Maryland), founded in 1997 by Habib D. Ghanim, Sr. and operating since 2005 as the ISWA Halal Certification Department - a separate legal entity from the mosque that endorsed it. It certifies manufacturing and production facilities (no restaurants) against roughly 35 named standards spanning the GSO family, OIC/SMIIC, UAE, Malaysian MS, Singapore MUIS, and Indonesia's SJPH framework, on a three-year cycle with unannounced audits and mandatory annual ISO 17025 lab testing. GAC accredited since 2017, EIAC since 2019, with a BPJPH mutual-recognition agreement signed November 2023.", "website": "https://www.ushalalcertification.com/", "nationwide": false, "stateCount": 34, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "FL", "GA", "IL", "IN", "KS", "KY", "LA", "MA", "MI", "MN", "MO", "NC", "ND", "NE", "NH", "OH", "OK", "OR", "PA", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "WI" ], "bestFor": "Halal certification services", "lastVerified": "2026-08-05", "features": [ "Published slaughter positions: hand and machine poultry slaughter accepted, hand only for large animals; reversible stunning allowed, gas stunning (CAS) banned", "Accredited by GAC (2017) and EIAC (2019); BPJPH mutual-recognition agreement (Nov 2023); World Halal Council co-founder (1999)", "Three-year certification cycle with surveillance audits, unannounced audits at any time, and mandatory annual ISO 17025 lab testing", "Published application fees: $250 per facility, $125 per additional location, $1,000 expedited processing", "Certifies against ~35 published standards spanning GSO, OIC/SMIIC, UAE, Malaysian MS, MUIS, and Indonesian SJPH frameworks", "Certificate verification by QR code; manufacturing and production facilities only - no restaurants certified" ], "pricing": "Published application fees: $250 per facility, $125 per additional location, and $1,000 for expedited processing - rare pricing transparency among US certifiers. The full cost schedule beyond application fees (audit, certification, and testing costs across the three-year cycle) is available by email only. Funding statement: the Chamber is supported solely by client certification fees, with no public funding. Site verified live 2026-08-05." }, { "id": "ameen-housing-cooperative-home-financing", "provider": "Ameen Housing Cooperative", "providerProfileUrl": "https://www.halalwallet.us/providers/ameen-housing-cooperative", "productName": "Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Musharakah", "structureSlugs": [ "musharakah" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "Model evaluated and endorsed by Assembly of Muslim Jurists of America (AMJA).\nOperates as a Sharia-compliant housing co-op.", "shariahBoard": "third_party_certified", "description": "True co-ownership home financing from a California housing cooperative operating since 1996. AHC and the member take joint title: AHC funds up to 80% of amounts $100K and under and up to 70% above that, capped at $500,000 of AHC investment per home, with the member's AHC account balance serving as the down payment. Monthly payments are based on appraised fair-market rent (AHC contributes 7% of rent toward tax/insurance) plus a $100 share purchase and $150 admin fee - and gains or losses in home value at payoff are shared at the agreed ratio, the loss-sharing most 'co-ownership' programs quietly drop. Members may not rent or sublet the home.", "website": "https://www.ameenhousing.com/buy-a-home", "nationwide": false, "stateCount": 1, "states": [ "CA" ], "founded": 1996, "bestFor": "True co-op model, 29 years profitable", "lastVerified": "2026-08-05", "maxLoanAmount": "$500,000 maximum AHC investment per home", "terms": [ "Various" ], "features": [ "$180M+ assets", "115 profitable quarters", "Since 1996", "Joint title: both the member and AHC are named on the deed as co-owners", "Monthly payment = appraised fair-market rent minus 7% (AHC's tax/insurance share) plus a $100 share purchase and $150 admin fee", "AHC shares 30% of actual appreciation or depreciation at payoff, triggered at 70% member equity" ], "pricing": "No rate exists to publish - the monthly payment is based on appraised fair-market rent for similar homes in the neighborhood (AHC contributes 7% toward tax/insurance) plus a $100 monthly share purchase and $150 admin fee (verified 2026-08-05). AHC funds up to 80% of the first $100K and up to 70% above, capped at $500,000 per home; appreciation or depreciation at payoff is shared at the agreed ratio, triggered at 70% member equity." }, { "id": "bank-of-whittier-home-financing", "provider": "Bank of Whittier", "providerProfileUrl": "https://www.halalwallet.us/providers/bank-of-whittier", "productName": "RF Home Financing (Purchase, Refinance & Cash-Out)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Declining Participation in Usufruct (LARIBA model)", "structureSlugs": [ "musharakah" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "LARIBA DPU model with published fatwa lineage and annual Raqaba LLC Shari'aa audits.", "shariahBoard": "third_party_certified", "description": "Riba-free home financing from Bank of Whittier, N.A. using the LARIBA model of Declining Participation in Usufruct (DPU), a declining Musharaka in rent. The bank marks each property to market using actual rental values of comparable homes in the neighborhood; the monthly payment combines a return-of-capital component with a share of that market rent, and if the analysis shows the home is overpriced relative to rents, the model flags it so the buyer can renegotiate or walk away. Purchase, refinance, cash-out, and jumbo financing are offered in all 50 states, with standard industry contracts plus a Final RF Term Sheet rider documenting the RF process and rental basis.", "website": "https://www.bankofwhittier.com/lariba-model", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 1998, "bestFor": "Buyers who want rent-based pricing discipline instead of rate benchmarking", "lastVerified": "2026-08-05", "features": [ "Declining Participation in Usufruct (DPU) structure, a declining Musharaka in rent", "Marks each home to market using actual neighborhood rental values, flagging overpriced homes to the buyer", "Purchase, refinance, cash-out, and jumbo financing in all 50 states", "Title in the customer's name with a Final RF Term Sheet rider documenting the RF process", "Annual third-party Shari'aa audits by Raqaba LLC", "Offered by an FDIC-insured, OCC-supervised RF national bank (NMLS 405611)" ], "pricing": "No published rate sheet; the bank advertises low costs, low closing costs, and riba-free jumbo loans in all states (verified 2026-08-05). The DPU model prices from actual market rents of comparable properties rather than an interest benchmark. Ownership note: University Bancorp (OTCQB: UNIB), parent of University Bank and UIF Corporation, received all regulatory approvals in May 2026 to acquire 100% of Greater Pacific Bancshares, Bank of Whittier's holding company, with closing scheduled July 1, 2026 and the bank continuing as a separate wholly owned subsidiary." }, { "id": "barakah-mortgage-home-financing", "provider": "Barakah Mortgage", "providerProfileUrl": "https://www.halalwallet.us/providers/barakah-mortgage", "productName": "Murabaha Home Financing (Purchase & Refinance)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Murabaha (Cost-Plus Sale)", "structureSlugs": [ "murabaha" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Resident Advisory Board of three named scholars (Joe Bradford CSAA, Sheikh Hassan Jama, Shaykh Abdullah Ashraf) with published Murabaha contract mechanics; no signed fatwa document published as of 2026-08-05.", "shariahBoard": "formal_board", "description": "Murabaha (cost plus profit) home financing for purchases and refinancing from Barakah Mortgage, the Islamic home financing brand of Rate (Guaranteed Rate, Inc., NMLS #2611), the second largest US retail mortgage lender. Barakah acquires the property from the seller, pays in full, and resells it to the buyer at a pre-agreed Murabaha price (cost plus a disclosed profit margin) paid in predictable installments, with full title passing to the buyer at closing. Launched in October 2025 from Rate's Chicago headquarters, it pairs Rate's AI-powered underwriting and Same Day Mortgage infrastructure - approval in one business day and closings in as few as 10 days for qualified customers - with a three-scholar Resident Advisory Board and a multilingual team of about 20 mortgage advisors.", "website": "https://barakahmortgage.com/get-pre-qualified/", "nationwide": false, "stateCount": 0, "founded": 2025, "bestFor": "Buyers wanting big-lender speed and infrastructure with Murabaha financing", "lastVerified": "2026-08-05", "features": [ "Murabaha cost-plus structure with the margin disclosed before agreement", "Backed by Rate (Guaranteed Rate, Inc., NMLS #2611), the second largest US retail mortgage lender", "AI-powered underwriting with approval in one business day for qualified customers", "Close in as few as 10 days via Same Day Mortgage infrastructure", "No prepayment penalty; late fees donated to charity", "Three named scholars on the Resident Advisory Board, including AAOIFI-accredited CSAA Joe Bradford", "Multilingual team of about 20 mortgage advisors" ], "pricing": "No published rate sheet - profit margins are quoted individually and the site states they are competitive with current market rates (verified 2026-08-05). No prepayment penalty and no hidden fees per the site; the FAQ says a small late-payment fee is charged and donated to charity. Down payment minimums apply but are not published. Same Day Mortgage promotion: loan approval within 1 business day of timely document submission for qualified customers, with closings in as few as 10 days; standard terms and eligibility restrictions apply. Licensing: no Barakah-specific state list is published; operates as a d/b/a of Guaranteed Rate, Inc., NMLS #2611 (Arizona Mortgage Banker License #0907078 cited in the footer), and the website states no New York applications are accepted through the site." }, { "id": "devon-bank-home-financing", "provider": "Devon Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/devon-bank", "productName": "Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Murabaha", "structureSlugs": [ "murabaha" ], "shariahOversight": "formal_board", "shariahOversightSummary": "The details of the initial Murabaha and Ijara products were reviewed by the Honorable Mufti Muhammad Nawal-ur-Rahman and the Shariah Supervisory Board of America", "shariahBoard": "formal_board", "description": "Murabaha (installment sale) and Ijara (lease) home financing from Devon Bank, a Chicago community bank running faith-based programs since 2003 across 34 states. In the Murabaha, the bank buys the home and resells it to you at a disclosed markup repaid in fixed installments - title is in your name at closing, there is no promissory note, and the balance never compounds. Rate-and-term and cash-out Islamic refinancing are available alongside purchases, and Devon also offers Islamic commercial financing. Pricing arrives only through an individual quote; the bank's stated policy is no premium for religious accommodation.", "website": "https://devonislamic.com/home-purchase/", "nationwide": false, "stateCount": 34, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "FL", "GA", "IL", "IN", "KS", "KY", "LA", "MA", "MI", "MN", "MO", "NC", "ND", "NE", "NH", "OH", "OK", "OR", "PA", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "WI" ], "founded": 2003, "bestFor": "Midwest buyers, Chicago-based", "lastVerified": "2026-08-05", "terms": [ "Various" ], "features": [ "Since 2003", "Commercial available", "Murabaha purchase-and-resale: title in your name at closing, no promissory note, balance never compounded", "Ijara (lease) form also offered - freely prepayable at any time", "Available in 34 states, with rate-and-term and cash-out Islamic refinancing", "Late fees above cost donated to charity, with a hardship waiver", "Profit rate matches an equivalent conventional mortgage - no premium for religious accommodation" ], "pricing": "No published rates - quotes come individually, with a stated policy that the profit rate matches an equivalent conventional mortgage and extra costs are limited to structure-driven items like recording two deeds (verified 2026-08-05). Because the structure involves two sales, two transfer taxes may be owed depending on location. Ijara contracts can be prepaid anytime; a Murabaha cannot be changed once executed, though Devon's stated practice is to discretionarily discount the debt for early payoff. Late fees above cost are donated to charity, with a hardship waiver." }, { "id": "guidance-residential-home-financing", "provider": "Guidance Residential", "providerProfileUrl": "https://www.halalwallet.us/providers/guidance-residential", "productName": "Home Financing (Purchase & Refinance)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Musharakah (Declining Balance Co-Ownership)", "structureSlugs": [ "musharakah" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Independent Shariah board comprised of distinguished Shariah scholars, many of whom serve or have served as members of the Accounting and Auditing Organization for Islamic Financial Institutions.", "shariahBoard": "formal_board", "description": "Halal home financing for purchases and refinancing through the Declining Balance Co-Ownership program (diminishing Musharakah) - the most widely used Islamic home financing in the US, with over $10 billion funded for 40,000+ families. Down payments start at 5% for primary homes (as low as 3% for qualifying customers, 20% for investment properties) on 15-, 20-, and 30-year terms. Guidance is also the largest halal refinancer in the US, with over $2 billion refinanced in the last 5 years, and its non-recourse contract shares risk with the homebuyer in events like natural disasters and eminent domain.", "website": "https://www.guidanceresidential.com/my/pre-qualify/apply-now?referral=GR_halalwallet_partner_2026", "nationwide": false, "stateCount": 35, "states": [ "AL", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "IL", "IA", "IN", "KS", "KY", "MD", "MA", "MI", "MN", "MS", "MO", "NJ", "NY", "NC", "OH", "OR", "PA", "RI", "SC", "TN", "TX", "VT", "VA", "WA", "WV", "WI" ], "founded": 2002, "bestFor": "First-time homebuyers & refinancing", "lastVerified": "2026-09-01", "minDownPayment": "5% primary (as low as 3% for qualifying customers); 20% investment properties", "termOptions": [ "15 years", "20 years", "30 years" ], "terms": [ "15 years", "20 years", "30 years" ], "features": [ "No prepayment penalty", "Competitive rates", "Declining Balance Co-Ownership (diminishing musharakah) structure", "Over $10 billion funded for 40,000+ families", "Independent Shariah Board chaired by Justice Muhammad Taqi Usmani, audited annually", "Late fees capped at $50 or less, with no profit to Guidance" ], "pricing": "No rate sheet - quotes are individual, and Guidance states plainly that it refers to prevailing market rates when setting prices (verified 2026-08-05). Its refinancing guide cites a standard $1,195 origination fee, occasionally waived in promotions. Late fees are capped at $50, cost-recovery only; no prepayment penalty. Down payments from 5% primary (as low as 3% for qualifying customers, 20% investment); cash-out refinancing to about 80% of home value." }, { "id": "ijara-community-development-1099-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "1099 Income Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "1099", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Qualify directly on 1099 income - no tax returns needed. Up to $2.5M with a 660 credit floor; a 10% operating-expense ratio is applied, and year-to-date income must track within 10% of the 1099. The financing runs through IjaraCDC's single-asset grantor trust: you are trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 at lease end. Purpose-built for contractors and gig workers with steady independent income.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Contractors and gig workers with 1099 income", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$2,500,000", "minCreditScore": "660", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 660", "10% opex ratio", "YTD within 10% of 1099", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$2,500,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: up to $2.5M, 660 credit floor; 10% operating-expense ratio applied to 1099 income.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-asset-qualification-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Asset Qualification Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Asset Qualification", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Qualify entirely on liquid assets rather than income - income is never documented. Up to $3M with a 660 credit floor and up to 85% LTV, unusually generous for asset-based underwriting; 100% gift funds accepted. Structured through IjaraCDC's single-asset grantor trust: the buyer is trustee and beneficiary, pays rent-on-property instead of interest, and takes title for $1.00 at the end of the lease. Made for retirees, recent business sellers, and inheritance recipients.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Asset-rich, income-light buyers", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$3,000,000", "minCreditScore": "660", "terms": [ "Up to 30 years" ], "features": [ "Qualify on assets, not income", "Min credit score 660", "Up to 85% LTV", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$3,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: qualify on liquid assets alone, up to $3M, 660 credit floor, up to 85% LTV.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-bank-statement-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Bank Statement Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Bank Statement", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Self-employed program qualifying on bank-statement cash flow instead of tax returns. Up to $3M purchase with 10% down (740 score) and a 660 credit floor; multiple businesses can be combined with no NSF limit; 100% gift funds accepted. Primary, second, and investment homes; requires 2+ years self-employment. Structured through IjaraCDC's single-asset grantor trust: rent-on-property replaces interest and title transfers for $1.00 at the end of the lease.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Self-employed buyers without W-2 income", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "10% (with 740 score)", "maxLoanAmount": "$3,000,000", "minCreditScore": "660", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 660", "Up to $3M", "Multiple businesses can be combined; no NSF limit", "100% gift funds accepted", "Source: ijaracdc.com/residential-programs-usa/ and /new-halal-home-acquistion-programs/" ], "maxAmount": "$3,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: up to $3M; 10% down requires a 740 score; 660 credit floor.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-conventional-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Conventional Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Conventional", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Traditional home acquisition with Sharia-compliant Ijara structuring. As little as 3% down with a 620 credit floor; financing up to $2M (conforming limit $806,500, 5% down above 3% tier per their down-payment page). 1–4 unit homes, condos, townhouses, PUDs, and manufactured homes for primary, vacation, or investment use - up to 10 properties (unlimited via portfolio product).", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Standard buyers with 2 years of employment history", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "3%", "maxLoanAmount": "$2,000,000 (conforming limit $806,500)", "termOptions": [ "15-year fixed", "30-year fixed" ], "minCreditScore": "620", "terms": [ "Up to 30 years", "15- and 30-year fixed" ], "features": [ "Min credit score 620", "1–4 unit / condo / townhouse / PUD / co-op / manufactured", "Primary, vacation, or investment", "Up to 10 properties (unlimited portfolio)", "Source: ijaracdc.com/residential-programs-usa/" ], "minAmount": "$50,000", "maxAmount": "$2,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: as little as 3% down with a 620 credit floor; conforming limit $806,500, financing to $2M.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-down-payment-assistance", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Down Payment Assistance Programs", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Down Payment Assistance", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Multi-state down-payment assistance paired with Ijara financing: Chenoa Fund (3.5% or 5%, FICO 600, no income limits) and FHLB Dallas HELP grants, plus 13 state programs (AR, AZ, CO, CT, FL, GA, ID, IL, IN, MA, MI, TN, TX, WA) with grants and deferred/forgivable loans up to $150K (WA Covenant). DPA permitted where at least 3% of the initial payment on account is presented.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Buyers who need down-payment help", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minCreditScore": "600 (Chenoa Fund floor)", "terms": [ "Varies by program" ], "features": [ "Chenoa Fund 3.5%/5% (FICO 600)", "FHLB Dallas HELP grants", "13 state programs documented", "Underlying financing uses IjaraCDC's trust-based lease-to-own structure", "$20/month administration fee applies to the Ijara transaction", "Source: ijaracdc.com/dpa-us/ + state DPA pages" ], "pricing": "The assistance itself is grant or deferred/forgivable-loan money, not priced financing: Chenoa Fund covers 3.5% or 5% of the purchase with a 600 FICO floor and no income limits, FHLB Dallas HELP grants and 13 documented state programs reach up to $150K (WA Covenant) (verified 2026-08-05). DPA is permitted where at least 3% of the initial payment is presented by the buyer. The underlying Ijara financing is quoted individually and carries the standard $20/month administration fee.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-dscr-080-099-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "DSCR 0.80–0.99 Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "DSCR", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "DSCR tier for properties whose rental income covers most but not all of the payment (ratio 0.80-0.99). Up to $2M with a 700 credit floor; vacation and Airbnb rentals allowed; 100% gift funds accepted for down payment and closing; open to first-time buyers and investors. Like all IjaraCDC programs, the property sits in a single-asset grantor trust - rent-on-property replaces interest and title transfers for $1.00 when the lease completes.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Investors with sub-1.0 rent coverage", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$2,000,000", "minCreditScore": "700", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 700", "Vacation/Airbnb allowed", "100% gift funds accepted", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$2,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This tier: rental coverage 0.80-0.99, up to $2M, 700 credit floor.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-dscr-100-119-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "DSCR 1.00–1.19 Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "DSCR", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "DSCR tier for properties at or just above break-even rental coverage (ratio 1.00-1.19). Up to $2M with a 680 credit floor; vacation and Airbnb rentals allowed; 100% gift funds accepted; open to first-time buyers and investors. The property is held in a single-asset grantor trust with the buyer as trustee and beneficiary - rent-on-property replaces interest, and title transfers for $1.00 at the end of the lease.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Investors with break-even rent coverage", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$2,000,000", "minCreditScore": "680", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 680", "Vacation/Airbnb allowed", "100% gift funds accepted", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$2,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This tier: rental coverage 1.00-1.19, up to $2M, 680 credit floor.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-dscr-120-plus-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "DSCR 1.20+ Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "DSCR", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "DSCR tier where strong rental income is the main qualifying factor (ratio 1.20+). Up to $1.5M with a 720 credit floor; vacation and Airbnb rentals allowed; 100% gift funds accepted; open to first-time buyers and investors. Structured through IjaraCDC's single-asset grantor trust: the investor is trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 when the lease completes.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Investors with strong rent coverage", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$1,500,000", "minCreditScore": "720", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 720", "Vacation/Airbnb allowed", "100% gift funds accepted", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$1,500,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This tier: rental coverage 1.20+, up to $1.5M, 720 credit floor - the sharpest pricing in the DSCR family.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-fha-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "FHA Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "FHA", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "FHA program with Sharia-compliant Ijara structuring. 3.5% down with credit scores as low as 520 - the most accessible credit floor in halal home financing. Primary residence only (1-4 units, condo, townhouse, PUD, manufactured); 2 years employment history; maximum amount varies by county under FHA limits. The home sits in a single-asset grantor trust with you as trustee and beneficiary, you pay rent-on-property instead of interest, and title transfers for $1.00 at the end of the lease.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "First-time and credit-challenged buyers", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "3.5%", "maxLoanAmount": "Varies by county (FHA limits)", "minCreditScore": "520", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 520", "Primary residence only", "Max amount varies by county", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 3.5% down, 520 credit floor; FHA county limits apply.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-foreign-national-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Foreign National Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Foreign National", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Financing for non-US residents investing in US real estate - passport only, no visa or US credit required. Up to $3M; 35% down with 12 months of reserves per the core investor program; employment verification or an accountant letter accepted for income; no housing history required. 1-4 unit investment properties, each held in a single-asset grantor trust with the investor as trustee and beneficiary - rent-on-property replaces interest and title transfers for $1.00 at lease end.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Non-US residents investing in US real estate", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "35%", "maxLoanAmount": "$3,000,000", "minCreditScore": "No US credit history required", "terms": [ "Up to 30 years" ], "features": [ "Passport only - no visa or US credit", "12 months reserves", "1-4 unit investment only", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/ and /new-halal-home-acquistion-programs/" ], "maxAmount": "$3,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 35% down with 12 months reserves, up to $3M; passport-only identification.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-fix-and-flip-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Halal Fix & Flip Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Fix & Flip", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Short-term rehab financing (halal private-lending style) funded in as little as 14 days with no prepayment penalties - the property is the collateral. Requires a rehab budget, track record, bank statements, purchase agreement, title insurance, and corporate documents; IjaraCDC recommends a 15% budget cushion. A halal answer to a market segment otherwise dominated by interest-based hard-money lending, priced as short-term risk capital through an individual quote.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Property flippers needing fast halal funding", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "terms": [ "Short-term" ], "features": [ "Funded in as little as 14 days", "No prepayment penalties", "Property is collateral", "Requires rehab budget, track record, bank statements, and corporate documents", "$20/month administration fee applies to every transaction", "Source: ijaracdc.com/halal-fix-and-flip/" ], "pricing": "Rates are not published - fix-and-flip capital is quoted individually as short-term risk capital, priced well above long-term Ijara financing (verified 2026-08-05). Funds in as little as 14 days with no prepayment penalty; the property is the collateral. IjaraCDC recommends a 15% rehab budget cushion; a $20/month administration fee applies to every IjaraCDC transaction.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon.\nShaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Sharia-compliant home financing using a trust-based lease-to-purchase (Ijara wa Iqtina) structure. The property is placed in a single-asset grantor trust with the buyer as trustee and beneficiary; you pay rent-on-property instead of interest, and title transfers to you for $1.00 at the end. Owner-occupied financing from ~3.5% down ($50K-$2M, lease terms of 10, 15, 20, or 30 years); investment properties from ~20-25% down; no/low credit programs available case-by-case. With 100+ residential funding partners across all 50 states, this is the widest-reaching halal home financing platform in the US.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "No/low credit options", "lastVerified": "2026-08-24", "monthlyFee": "$20/month administration fee", "minDownPayment": "~3.5% (owner-occupied); ~20–25% (investment)", "maxLoanAmount": "$2,000,000 (from $50,000)", "termOptions": [ "10 years", "15 years", "20 years", "30 years" ], "terms": [ "Up to 30 years" ], "features": [ "All 50 states", "No/low credit programs available", "100+ residential funding partners", "Trust-based Ijara (lease-to-purchase) structure", "Property types: single-family, duplexes, triplexes, fourplexes, condos, townhouses, co-ops, manufactured, investment 1–4 units", "Renovation/construction financing available (terms vary)", "Early/extra payments allowed at any time", "Payments to Islamic organization (Ijara) via ACH - not to a conventional bank" ], "minAmount": "$50,000", "maxAmount": "$2,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. Owner-occupied from ~3.5% down; financing from $50K to $2M.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-investment-property-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Investment Property Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Investment Property", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Standard investment-property program for 1-4 unit rentals. 15-25% down with a 620 credit floor - the lowest in IjaraCDC's investor lineup; no property-management history required; 6-12 months of reserves for investment purchases. Each property is held in its own single-asset grantor trust with the investor as trustee and beneficiary: rent-on-property replaces interest, and title transfers for $1.00 at the end of the lease, keeping all resale gains with you.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Rental property investors", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "15–25%", "minCreditScore": "620", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 620", "1-4 units", "6-12 months reserves", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/ and /residential/" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 15-25% down depending on profile, 620 credit floor, 6-12 months reserves required.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-investor-dscr-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Investor Cash Flow (DSCR) Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "DSCR", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Investor cash-flow program qualifying on the property's rental analysis - no personal income documentation needed. 20% down with a 660 credit floor; 1-8 unit investment properties, mixed-use possible. Each property is held in its own single-asset grantor trust with the investor as trustee and beneficiary: rent-on-property replaces interest, title transfers for $1.00 at lease end, and at 20% down the loss-sharing arrangement stays fully intact.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Rental investors qualifying on property cash flow", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "20%", "minCreditScore": "660", "terms": [ "Up to 30 years" ], "features": [ "No personal income needed", "Min credit score 660", "1-8 unit investment properties", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 20% down, 660 credit floor, 1-8 unit investment properties.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-itin-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "ITIN Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "ITIN", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "No-doc program for buyers with an ITIN instead of an SSN - no credit check, no W-2s or bank statements required. Up to $3M for single-family, 2-4 units, PUDs, and condos; 100% gift funds accepted. Like every IjaraCDC program, the home is held in a single-asset grantor trust with the buyer as trustee and beneficiary: rent-on-property replaces interest and title transfers for $1.00 when the lease completes. One of very few halal routes to US homeownership without an SSN.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "ITIN holders without US credit history", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$3,000,000", "minCreditScore": "No credit check required", "terms": [ "Up to 30 years" ], "features": [ "No credit check", "No W-2s or bank statements", "100% gift funds accepted", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/ and /no-tax-docs/" ], "maxAmount": "$3,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: ITIN accepted in place of an SSN, no credit check, up to $3M.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-jumbo-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Jumbo Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Jumbo", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Jumbo financing for higher-priced homes above the $806,500 conforming limit, up to $4M, with Sharia-compliant Ijara structuring. 10% minimum down and a 680 credit floor; single-family, condo, and PUD; primary, second, or investment homes. The property sits in a single-asset grantor trust with you as trustee and beneficiary - rent-on-property replaces interest and title transfers for $1.00 at lease end, so 100% of appreciation on a high-value home stays yours.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Buyers of higher-priced homes", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "10%", "maxLoanAmount": "$4,000,000", "minCreditScore": "680", "terms": [ "Up to 30 years" ], "features": [ "Min credit score 680", "Up to $4M", "Primary, second, or investment", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/ and /property-types/" ], "minAmount": "$806,500", "maxAmount": "$4,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 10% minimum down, 680 credit floor, financing to $4M.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-lite-doc-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Lite Doc Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Lite Doc", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Streamlined documentation for self-employed buyers and irregular income - no W-2s or bank statements required. IjaraCDC publishes almost no hard terms for this program, so the individual quote defines the deal. The structure is the standard IjaraCDC trust: the home sits in a single-asset grantor trust with the buyer as trustee and beneficiary, rent-on-property replaces interest, and the payoff is fixed at the original price minus down payment, plus a $1.00 title transfer.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Self-employed buyers with irregular income", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "terms": [ "Up to 30 years" ], "features": [ "No W-2s or bank statements", "Source: ijaracdc.com/residential-programs-usa/ and /no-tax-docs/", "Trust-based Ijara wa Iqtina lease-to-own structure", "Payoff fixed at original price minus down payment, plus a $1.00 title transfer", "Standing Sharia Advisory Board chaired by Mufti Muneer Akhoon", "$20/month administration fee applies to every transaction" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program publishes no hard terms - the individual quote defines amounts, down payment, and rent.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-mixed-use-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Mixed-Use Property Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Mixed-Use", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Financing for mixed-use properties with 1 commercial unit plus up to 4 residential units - the classic corner-store-with-apartments building that pure residential and pure commercial programs both reject. No property-management history is required. The property is held through IjaraCDC's single-asset trust structure: lease-to-own with rent-on-property instead of interest, ending in a $1.00 title transfer, and a Promise to Purchase that obligates the trust to sell while you are never obligated to buy.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Mixed-use property buyers", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "terms": [ "Up to 30 years" ], "features": [ "1 commercial + up to 4 residential units", "No property-management history required", "Source: ijaracdc.com/residential-programs-usa/", "Lease-to-own through a single-asset trust, ending in a $1.00 title transfer", "Promise to Purchase - the trust must sell; you are never obligated to buy" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program publishes no down-payment or amount terms - the individual quote defines the deal.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-multifamily-5-8-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Multi-Family 5–8 Unit Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Multi-Family 5–8", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Residential multi-family financing for 5-8 unit properties - the dead zone between residential and commercial programs. Up to $2.5M with 20% down and a 660 credit floor; a 10% operating-expense ratio is assumed; no property-management history required. The building is held in a single-asset grantor trust with the investor as trustee and beneficiary: rent-on-property replaces interest and title transfers for $1.00 when the lease completes.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Small multi-family investors", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "20%", "maxLoanAmount": "$2,500,000", "minCreditScore": "660", "terms": [ "Up to 30 years" ], "features": [ "5-8 units", "Min credit score 660", "No property-management history required", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/ and /new-halal-home-acquistion-programs/" ], "maxAmount": "$2,500,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 5-8 units, up to $2.5M, 20% down, 660 credit floor.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-no-ratio-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "No-Ratio Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "No-Ratio", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Bypass debt-to-income entirely - no DTI calculation is run at all. Up to $2M (max cash-out $500K) with a 700 credit floor; works across up to 4 properties; 100% gift funds accepted. The financing is structured through IjaraCDC's single-asset grantor trust: you are trustee and beneficiary, you pay rent-on-property instead of interest, and title transfers for $1.00 at the end of the lease. Built for buyers whose income is real but doesn't survive standard underwriting math.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Buyers who can't document a qualifying DTI", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$2,000,000 (max cash-out $500,000)", "minCreditScore": "700", "terms": [ "Up to 30 years" ], "features": [ "No DTI calculation", "Min credit score 700", "Max cash-out $500K; up to 4 properties", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$2,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: no DTI calculation; up to $2M with max cash-out $500K; 700 credit floor.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-p-and-l-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "P&L Statement Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "P&L", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Qualify on business net income via a P&L statement prepared by a CPA or authorized agent - no bank statements or tax returns. Up to $2.5M with a 660 credit floor. Structured like every IjaraCDC program through a single-asset grantor trust: the buyer is trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 when the lease completes. Suited to business owners whose professionally kept books show income that tax optimization hides.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Business owners qualifying on net income", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "maxLoanAmount": "$2,500,000", "minCreditScore": "660", "terms": [ "Up to 30 years" ], "features": [ "No bank statements or tax returns", "Min credit score 660", "CPA/authorized-agent documentation", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/new-halal-home-acquistion-programs/" ], "maxAmount": "$2,500,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: up to $2.5M, 660 credit floor; CPA or authorized-agent P&L required.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-physician-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Physician Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Physician", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Medical professional program (MD, DO, DDS, DVM, DMD) with up to $2M financing, 0% down, no PMI, and a 680 credit floor. Dedicated bank program in IL, IN, KY, MI, OH, PA, WV, WI: new physicians get 100% financing up to $500K (up to $1M with 5% down); established physicians 100% LTV up to $650K, up to $1.15M with 5% down, up to $1.5M with 10% down; refinance to 100% LTV up to $650K.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Physicians, dentists, and veterinarians", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "0%", "maxLoanAmount": "$2,000,000", "minCreditScore": "680", "terms": [ "Up to 30 years", "Fixed and variable" ], "features": [ "0% down up to $2M", "No PMI", "Min credit score 680", "Tiered bank program in IL, IN, KY, MI, OH, PA, WV, WI", "Source: ijaracdc.com/physician-md-do-dpm-halal-home-financing/" ], "maxAmount": "$2,000,000", "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 0% down up to $2M with no PMI for MD, DO, DDS, DVM, and DMD holders; dedicated bank tiers in IL, IN, KY, MI, OH, PA, WV, WI reach $1.5M at 10% down.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-investor-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Real Estate Investor Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Investment Property", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Financing for residential-zoned rental properties and investor portfolios (1-4 units per property). ~20-25% down, up to 10 properties per investor, portfolio financing possible. Trust-based Ijara (lease-to-purchase) structure through 100+ residential funding partners: each property sits in its own single-asset trust, you pay rent-on-property rather than interest, and title transfers for $1.00 when the lease completes - so 100% of resale gains stay with the investor.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Real estate investors seeking halal rental property financing", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "~20–25%", "features": [ "All 50 states", "100+ residential funding partners", "1–4 units per property", "Up to 10 properties per investor", "Portfolio financing possible", "Trust-based Ijara (lease-to-purchase) structure" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. Investor program: ~20-25% down per property, up to 10 properties.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-renovation-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Renovation Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Renovation", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Renovation financing offered through licensed lender partners in two flavors - FHA 203(k) and HomeStyle Renovation - structured for Sharia compliance through IjaraCDC's trust model: purchase and renovation costs combine in one financing, the home sits in a single-asset grantor trust with you as trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 at the end of the lease. Terms vary by lender partner, so specifics come from the individual quote.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Buyers financing purchase plus renovation", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "terms": [ "Up to 30 years" ], "features": [ "FHA 203(k) and HomeStyle options", "Source: ijaracdc.com/ijara-renovation-options/", "Offered through licensed lender partners", "Purchase and renovation costs combined in one Sharia-structured financing", "Trust-based Ijara wa Iqtina ending in a $1.00 title transfer" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. Renovation terms vary by licensed lender partner - 203(k) and HomeStyle frameworks; specifics come from the individual quote.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-reverse-mortgage-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Reverse Mortgage Alternative", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Reverse", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Sharia-structured equivalent of a reverse mortgage - older homeowners convert home equity to cash with no repayment until they move out or sell. The return is generated by rights over real property rather than interest on a loan, under the same fatwa lineage (dating to 1995) that covers IjaraCDC's other programs. Very few terms are published; structure and costs emerge from the individual quote, so involve family and advisors before signing.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Older homeowners converting equity to cash", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "features": [ "No repayment until move/sell", "Source: ijaracdc.com/residential-programs-usa/", "Older homeowners convert home equity to cash", "Return generated by rights over real property, not interest on a loan", "Documented fatwa lineage from 1995 (Dallah Al Baraka) to the 2012 update" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program publishes no amounts or cost schedule - equity-conversion terms come entirely from the individual quote.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-conversion-refinance-program", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Riba-to-Ijara Conversion Program", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Conversion", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Converts an existing interest-based mortgage into a Sharia-compliant Ijara (rent-on-property) structure - not a refinance. No credit check, appraisal, or income documents; completes in 10–14 business days, usually before your next payment. Economics unchanged plus a low monthly admin fee; the home is placed in a trust and the bank remains the investor.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Homeowners converting an existing mortgage to halal", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "terms": [ "Keeps your existing term" ], "features": [ "No credit check, appraisal, or income docs", "10-14 business days", "Cheaper than refinancing", "Home placed in a single-asset trust; the bank remains the investor", "$20/month administration fee applies", "Source: ijaracdc.com/conversion-program/" ], "pricing": "The residential conversion fee itself is not published - IjaraCDC describes the conversion only as cheaper than refinancing (verified 2026-08-05). What is published: a $20/month administration fee applies to every transaction, and your existing loan's payment and term stay unchanged - the conversion changes the structure, not the economics. Completes in 10-14 business days with no credit check, appraisal, or income documents.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-stated-income-investment-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Stated-Income Investment Property Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Stated Income", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Portfolio-investor program: qualify on liquid assets (ATR-in-full) or asset depletion, with no income documentation up to 75% LTV on non-owner/second homes. Cash-out possible 1 day off MLS; unlimited gift funds; seller carry possible; non-warrantable condos and foreign nationals OK; no prepayment penalty; can finance investors owning 20+ properties. Available in 24 states.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": false, "stateCount": 24, "states": [ "AZ", "CA", "CO", "CT", "DC", "FL", "HI", "IL", "KY", "MD", "MI", "MN", "NV", "NJ", "NM", "NC", "OH", "OR", "PA", "TN", "TX", "UT", "VA", "WA" ], "founded": 2005, "bestFor": "Portfolio investors who can't document income", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "terms": [ "Up to 30 years" ], "features": [ "No income doc to 75% LTV", "Cash-out 1 day off MLS", "20+ properties financeable", "Available in 24 states", "Source: ijaracdc.com/halal-stated-income-investment-property-financing/" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: no income documentation up to 75% LTV on non-owner and second homes; available in 24 states.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-usda-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "USDA 100% Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "USDA", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "USDA 100% financing in USDA-designated rural areas with Sharia-compliant Ijara structuring. 0% down with a 600 credit floor; primary residence only; income limits apply but there are no acreage limits. The home is held in a single-asset grantor trust with the buyer as trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 when the lease completes - a rare true zero-down halal path for rural buyers.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Buyers in USDA-designated rural areas", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "0%", "minCreditScore": "600", "terms": [ "Up to 30 years" ], "features": [ "0% down", "Min credit score 600", "Income limits apply; no acreage limits", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 0% down in USDA-designated rural areas, 600 credit floor; income limits apply.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "ijara-community-development-va-home-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "VA Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "VA", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "VA program with Sharia-compliant Ijara structuring for military members and veterans. 0% down with a 620 credit floor; primary residence only (1-4 units, condo, townhouse, PUD, manufactured). The property is held in a single-asset grantor trust with the buyer as trustee and beneficiary - you pay rent-on-property rather than interest, and title transfers for $1.00 when the lease completes, so the VA benefit and the riba-free structure work together instead of forcing a choice.", "website": "https://ijaracdc.com/application/?sales=HalalWallet#gf_1", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2005, "bestFor": "Military members and veterans", "lastVerified": "2026-08-13", "monthlyFee": "$20/month administration fee", "minDownPayment": "0%", "minCreditScore": "620", "terms": [ "Up to 30 years" ], "features": [ "0% down", "Min credit score 620", "Primary residence only", "Trust-based Ijara wa Iqtina lease-to-own ending in a $1.00 title transfer", "$20/month administration fee; $50 late-collection fee with excess donated to charity", "Source: ijaracdc.com/residential-programs-usa/" ], "pricing": "Profit/rent rates are not published - every file is individually quoted through IjaraCDC's 100+ funding partners and benchmarked to market indexes (verified 2026-08-05). Published fixed costs: a $20/month administration fee on every transaction and a $50 late-collection fee, with any excess over collection cost donated to charity. No prepayment penalty - early and extra payments allowed anytime. This program: 0% down for eligible military members and veterans, 620 credit floor.", "verifiedProgramFacts": { "minCreditScore": 580, "creditScoreNote": "580+", "timeToClose": "~10 days from accepted purchase agreement (30+ days longer for construction)", "majorDisqualifiers": "Mortgage or housing lates in the past 12 months. Other negative credit factors can potentially be worked through.", "applicationFee": "$0", "lenderFeesAtClosing": "Up to $1,995", "closingCostRange": "Varies by state", "prepaymentPenalty": "Generally none (some specialty programs may carry one)", "extraPrincipalHandling": "Applied directly to the balance due, reducing total transaction time. Recasting of the payment is possible with a large principal payment.", "propertyEligibility": { "condos": true, "coOps": true, "manufacturedHomes": true, "mobileHomes": "Allowed only if the property is owned, or the land lease is longer than the loan term", "mixedUseResidential": true }, "servicing": { "onlinePaymentPortal": true, "onlinePaymentPortalNote": "Serviced through Ijara's online portal", "autopayACH": true, "paymentMethodsNote": "ACH is the only payment option" } }, "verifiedFactsBy": "IjaraCDC (provider-supplied)", "verifiedFactsAt": "2026-08-18" }, { "id": "jafari-credit-union-expense-financing", "provider": "Jafari Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/jafari-credit-union", "productName": "Expense Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No formal Shariah board or fatwa published on site.\nOperates as a no-interest credit union model.", "shariahBoard": "no_public_review", "description": "0% Qard Hasan financing for short-term or unexpected expenses - non-elective medical bills, car or home repairs, appliances, or tuition - from an NCUA-insured, volunteer-run credit union created by Houston's Jafari community in 2016. Loans run $1,200-$8,000 on terms up to 60 months at a minimum of $200/month, with a flat $10 late fee instead of interest. Texas members join with a federally insured savings account; the credit union exists specifically so members can avoid interest, funded by member fees and donations rather than loan profit.", "website": "https://www.jafaricu.com/#services", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "founded": 2016, "bestFor": "True 0% interest, NCUA insured", "lastVerified": "2026-08-05", "maxLoanAmount": "$8,000 ($35,000 share-secured)", "termOptions": [ "Up to 60 months (minimum $200/month)" ], "terms": [ "Up to 5 years" ], "features": [ "NCUA insured", "Qard Hasan model", "Loans of $1,200–$8,000 for this product (the $35,000 ceiling applies only to share-secured borrowing)", "Short-term loans of $1,200–$8,000 for non-elective medical, car or home repair, appliances, or tuition", "Terms up to 60 months at a minimum of $200/month; flat $10 late fee instead of interest" ], "pricing": "True 0% Qard Hasan - no interest or profit at any point (verified 2026-08-05). Loans of $1,200-$8,000 on terms up to 60 months at a minimum $200/month; flat $10 late fee instead of interest, per Jafari's loan documents. Credit-union membership with a federally insured savings account is required." }, { "id": "jafari-credit-union-loan-refinancing", "provider": "Jafari Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/jafari-credit-union", "productName": "Loan Refinancing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No formal Shariah board or fatwa published on site.\nOperates as a no-interest credit union model.", "shariahBoard": "no_public_review", "description": "Replaces an existing interest-bearing loan with a genuinely 0% Qard Hasan facility - Jafari refinances existing auto loans, student loans, mortgage balances, and IRS past-due taxes up to $35,000, wiping out the interest component entirely. Mortgage refinancing is not secured by the real estate, so it stays within unsecured and collateral limits. The credit union is NCUA-insured, Texas-chartered, volunteer-run, and funded by member fees and donations; borrowers repay principal only. Deposits are federally insured up to $250,000.", "website": "https://www.jafaricu.com/#services", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "founded": 2016, "bestFor": "True 0% interest, NCUA insured", "lastVerified": "2026-08-05", "maxLoanAmount": "$35,000", "terms": [ "Up to 5 years" ], "features": [ "NCUA insured", "Qard Hasan model", "Up to $35K", "Refinances existing auto, student, and mortgage debt plus IRS past-due taxes at 0%", "Mortgage refinancing is not secured by the real estate - capped at unsecured/collateral limits" ], "pricing": "0% - you repay only the principal of the refinanced debt (verified 2026-08-05). Covers existing auto, student, and mortgage debt plus IRS past-due taxes up to $35,000; mortgage refinancing is unsecured, so collateral limits apply. Flat application fees per Jafari's loan documents ($25 short / $50-$75 full application) rather than any rate." }, { "id": "jafari-credit-union-personal-loan", "provider": "Jafari Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/jafari-credit-union", "productName": "Personal Loan", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No formal Shariah board or fatwa published on site.\nOperates as a no-interest credit union model.", "shariahBoard": "no_public_review", "description": "Genuinely 0% personal loans under a Qard Hasan model from an NCUA-insured, member-owned credit union in Houston. Unsecured loans run $1,200-$3,000 for a single borrower or $6,000 joint; car collateral lifts the ceiling to $8,000 and share-secured borrowing reaches $35,000. No stated purpose is required, and the first payment can be deferred up to 3 months for hardship. No interest or profit is charged at any point - the credit union covers costs through flat fees and community donations, existing specifically so Texas Muslims can borrow without riba.", "website": "https://www.jafaricu.com/#services", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "founded": 2016, "bestFor": "True 0% interest, NCUA insured", "lastVerified": "2026-08-05", "maxLoanAmount": "$3,000 single / $6,000 joint unsecured; $8,000 with car collateral; $35,000 share-secured", "terms": [ "Up to 5 years" ], "features": [ "NCUA insured", "Qard Hasan model", "Up to $35K", "$1,200–$3,000 single / $6,000 joint unsecured; up to $8,000 with car collateral or $35,000 share-secured", "No stated purpose required; first payment deferrable up to 3 months for hardship" ], "pricing": "0% with no interest or profit at any point (verified 2026-08-05). Unsecured: $1,200-$3,000 single / $6,000 joint; up to $8,000 with car collateral; up to $35,000 share-secured. Flat application fees per Jafari's loan documents ($25 short / $50-$75 full); first payment deferrable up to 3 months for hardship." }, { "id": "luminate-bank-home-financing", "provider": "Luminate Bank", "providerProfileUrl": "https://www.halalwallet.us/providers/luminate-bank", "productName": "Home Financing (Purchase & Refinance)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Ijara (Trust-Based)", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Financing structured through Ijara trust. Compliance details pending provider review.", "shariahBoard": "formal_board", "description": "Sharia-compliant home financing structured through an Ijara (lease-to-own) Inter Vivos Revocable Trust using FHA, Conventional, and VA loan programs. Available for purchase and refinance (including cash-out). Covers primary residences, second homes, and investment properties (1–4 unit residential, SFR, FNMA/FHA/VA approved condos and PUDs). 0% down for Veterans (VA), 3% down Conventional, 3.5% down FHA. Maximum $832,750 Conventional in most areas. Typical 30–45 day closing. Fixed rate and hybrid ARM options available. Trust set up through Ijara CDC; payments after closing administered by Ijara. No prepayment penalties. Led by Hudson Murphy, a top 1% ranked loan originator nationwide. NMLS#1281698.", "website": "https://www.hudsonmurphy.com/halal-financing", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2000, "bestFor": "Excellent customer service, first-time homebuyers", "lastVerified": "2026-08-05", "monthlyFee": "$15/month Ijara trust administration fee", "minDownPayment": "0% (VA), 3% (Conventional), 3.5% (FHA)", "maxLoanAmount": "$832,750 Conventional (most areas); FHA/VA county limits apply", "minCreditScore": "580+ FHA, 600+ VA, 620+ Conventional", "terms": [ "30-year fixed", "15-year fixed", "Hybrid ARMs (5/1+)" ], "features": [ "Nationwide - all 50 states", "0% down for Veterans (VA loan)", "3% down Conventional, 3.5% down FHA", "Max $832,750 Conventional (most areas)", "Purchase, refinance, and cash-out refinance", "Primary, second homes, and investment 1–4 units", "SFR, condos, and PUDs (Fannie Mae/FHA/VA eligible)", "Fixed rate and hybrid ARM options (5/1+)", "HomeReady, HomePossible, and My Community Programs", "Pre-qualification and pre-approval available", "30–45 day closing timeline", "No prepayment penalties", "Extra payments applied toward ownership/equity", "All loan costs at closing (except appraisal upfront)", "Ijara trust fee scales with loan size ($1,295–$6,295) + $15/mo admin", "Inter Vivos Revocable Trust - buyer is Grantor & Trustee", "Payments after closing through Ijara via ACH", "Led by Hudson Murphy - top 1% loan originator, NMLS#1281698", "580+ credit score (FHA), 600+ (VA), 620+ (Conventional)" ], "maxAmount": "$832,750", "pricing": "No rates or fee schedule are published for the halal program - pricing runs through Luminate's standard FHA, VA, and Conventional underwriting, quoted individually (verified 2026-08-05). Known structure costs: the Ijara CDC trust setup fee scales with loan size from $1,295 to $6,295, plus $15/month trust administration; all loan costs are due at closing except the appraisal, paid upfront. Down payments: 0% VA, 3% Conventional, 3.5% FHA; max $832,750 Conventional in most areas; no prepayment penalties." }, { "id": "northcountry-federal-credit-union-halal-mortgage", "provider": "NorthCountry Federal Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/northcountry-federal-credit-union", "productName": "Halal Mortgage (Guidance Residential)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Declining Balance Co-Ownership", "structureSlugs": [ "musharakah" ], "shariahOversightSummary": "Sharia oversight belongs to the underlying program: Guidance Residential's Declining Balance Co-Ownership was created under six Islamic finance scholars, and the Islamic Society of Vermont's board endorses its arrival - NorthCountry itself publishes no oversight, its candid role being origination for a fee ('not our loan').", "shariahBoard": "Third Party Certified", "description": "First-in-Vermont origination of Guidance Residential's Declining Balance Co-Ownership (Musharakah) home financing: NorthCountry handles origination for a fee while Guidance Residential is the financier of record. 15/20/30-year terms, supported by Fannie Mae and Freddie Mac, endorsed by the Islamic Society of Vermont board. Payments track current market rates, so total costs are comparable to a conventional mortgage - what you are buying is the riba-free contract structure, delivered through a local credit union relationship.", "website": "https://www.northcountry.org/borrow/home-loans/halal-mortgages", "nationwide": false, "stateCount": 1, "states": [ "VT" ], "bestFor": "Vermont buyers who want Guidance Residential's established Musharakah program with a local credit union handling the origination - especially first-time buyers who value in-person service and the Islamic Society of Vermont's endorsement.", "lastVerified": "2026-08-05", "termOptions": [ "15 years", "20 years", "30 years" ], "features": [ "Guidance Residential's Declining Balance Co-Ownership (Musharakah) program, originated locally by NorthCountry", "15-, 20-, or 30-year terms with closing costs similar to conventional mortgages", "Supported by Fannie Mae and Freddie Mac; offered nationally for 20 years, new to Vermont", "Endorsed by the Islamic Society of Vermont board", "Monthly payment splits into an acquisition (equity) portion and a profit portion, plus escrow", "NorthCountry's role is origination for a fee - Guidance Residential is the financier of record" ], "pricing": "No rate sheet is published - NorthCountry's own FAQ says payments are based on current market interest rates and total costs are comparable to a conventional mortgage (verified 2026-08-05). Closing costs are similar to conventional; NorthCountry earns a disclosed origination fee (amount not published) while Guidance Residential is the financier of record. Standard 15-, 20-, and 30-year terms." }, { "id": "northcountry-federal-credit-union-personal-loan", "provider": "NorthCountry Federal Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/northcountry-federal-credit-union", "productName": "Personal Loan", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Credit Union", "shariahOversight": "no_public_review", "shariahOversightSummary": "Offers a halal-loan program developed with Islamic Society of Vermont.\nNo formal Shariah board or fatwa text published on site.", "shariahBoard": "no_public_review", "description": "A genuinely interest-free unsecured term loan from a mainstream federal credit union, developed with the Islamic Society of Vermont. Borrow up to $4,000 (including the origination fee) on repayment terms of one to four years; instead of interest you pay a single fixed origination fee set by the amount borrowed, subtracted from the loan proceeds up front. Open to any NorthCountry member - membership requires a $5 share account across its 14-county Vermont/New Hampshire/New York field. Useful for smaller personal needs where an interest-bearing personal loan or credit card would otherwise be the fallback.", "website": "https://www.northcountry.org/resources/partners/halal-loan", "nationwide": false, "stateCount": 3, "states": [ "NH", "NY", "VT" ], "bestFor": "Credit union personal loans", "lastVerified": "2026-08-05", "maxLoanAmount": "$4,000 (including the origination fee)", "termOptions": [ "1-4 years" ], "features": [ "Borrow up to $4,000, including the origination fee", "One- to four-year repayment terms with no prepayment penalty", "A fixed origination fee scaled to the amount borrowed replaces interest, deducted from proceeds", "Developed in partnership with the Islamic Society of Vermont", "Open to any credit union member - membership requires a $5 share account in the 14-county VT/NH/NY field", "Translation support in over 100 languages, with an Arabic-language Salam Banking outreach page" ], "pricing": "No interest at any point - a fixed origination fee set by the amount borrowed replaces it, subtracted from the loan proceeds; the fee schedule itself is not published (verified 2026-08-05). Borrow up to $4,000 including the fee, on 1-4 year terms with no prepayment penalty. Credit-union membership (a $5 share account) is required." }, { "id": "sukoon-finance-home-financing", "provider": "Sukoon Finance", "providerProfileUrl": "https://www.halalwallet.us/providers/sukoon-finance", "productName": "Halal Home Purchase Financing (HomeSimple & TBD Approval)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Murabaha (Cost-Plus Sale)", "structureSlugs": [ "murabaha" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "Site states independent review and approval by the Main Fatwa Committee of Al-Azhar Al-Sharif, confirming a genuine Murabaha consistent with AAOIFI Shariah Standard No. 8; scholars not named and fatwa document not published on the site.", "shariahBoard": "third_party_certified", "description": "Halal home purchase financing from Sukoon Finance, a division of All Western Mortgage, Inc. (Corporate NMLS #14210, Las Vegas, in business since 1981), launched in 2025. The core structure is a Murabaha (cost-plus sale) that Sukoon says has been independently reviewed and approved by Al-Azhar Al-Sharif's Main Fatwa Committee and is consistent with AAOIFI Shariah Standard No. 8; the site also describes shared-equity and partnership models. Two programs sharpen purchase offers: HomeSimple, where Sukoon buys the property upfront on the buyer's behalf and resells it with halal financing (cash-offer power in competitive markets), and TBD Loan Approval, a full underwrite completed before a property is chosen so buyers can close in as little as 10 days. Licensed in 45 states plus Washington DC per its licensed-states page.", "website": "https://sukoonfinance.com/services/", "nationwide": false, "stateCount": 46, "states": [ "AL", "AK", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NJ", "NM", "NC", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "DC", "WY", "WI" ], "founded": 2025, "bestFor": "Buyers in competitive markets wanting cash-offer power with halal financing", "lastVerified": "2026-08-05", "features": [ "Murabaha cost-plus structure stated to be certified by Al-Azhar Al-Sharif's Main Fatwa Committee", "Stated consistency with AAOIFI Shariah Standard No. 8 (Murabaha)", "HomeSimple: Sukoon buys the property upfront and resells it with halal financing, giving cash-offer power", "TBD Loan Approval: fully underwritten before choosing a property, close in as little as 10 days", "No prepayment penalties", "Licensed in 45 states plus Washington DC with license numbers published", "Division of All Western Mortgage, Inc. (NMLS #14210), a lender operating since 1981" ], "pricing": "No published rate sheet - the FAQ states profit rates are competitive with conventional rates and fixed with transparent terms (verified 2026-08-05). No prepayment penalties: selling the home early simply settles the outstanding balance at closing. Typical approval-to-closing runs 30 to 45 days; TBD Loan Approval customers can close in as little as 10 days once a property is chosen. Down payment minimums are not published. Licensing: 45 states plus Washington DC through parent All Western Mortgage, Inc. (Corporate NMLS #14210) with license numbers published on the licensed-states page; NY, NH, ND, VT, and WV not listed; California loans made or arranged under a California Financing Law license (DFPI 603F053)." }, { "id": "sukoon-finance-refinance", "provider": "Sukoon Finance", "providerProfileUrl": "https://www.halalwallet.us/providers/sukoon-finance", "productName": "Halal Refinance (Conventional Mortgage Replacement)", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Murabaha (Cost-Plus Sale)", "structureSlugs": [ "murabaha" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "Site states independent review and approval by the Main Fatwa Committee of Al-Azhar Al-Sharif, confirming a genuine Murabaha consistent with AAOIFI Shariah Standard No. 8; scholars not named and fatwa document not published on the site.", "shariahBoard": "third_party_certified", "description": "Refinancing service from Sukoon Finance (division of All Western Mortgage, Inc., NMLS #14210) that restructures an existing conventional interest-based mortgage into a halal, Sharia-certified model. Homeowners can lower payments, adjust terms, or access equity while replacing an interest-bearing loan with Sukoon's certified structure, so the home continues to build ownership without riba. Uses the same Murabaha framework Sukoon says is certified by Al-Azhar Al-Sharif's Main Fatwa Committee.", "website": "https://sukoonfinance.com/services/", "nationwide": false, "stateCount": 46, "states": [ "AL", "AK", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NJ", "NM", "NC", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "DC", "WY", "WI" ], "founded": 2025, "bestFor": "Homeowners leaving conventional interest-based mortgages", "lastVerified": "2026-08-05", "features": [ "Restructures an existing conventional mortgage into a Sharia-certified model", "Options to lower payments, adjust terms, or access equity", "Murabaha structure stated to be certified by Al-Azhar Al-Sharif's Main Fatwa Committee", "No prepayment penalties", "45 states plus Washington DC footprint with published license numbers" ], "pricing": "No published rates - quotes are individual and the FAQ states profit rates are competitive with conventional rates (verified 2026-08-05). No prepayment penalties. Typical process runs 30 to 45 days from application to closing. Licensing: 45 states plus Washington DC through parent All Western Mortgage, Inc. (Corporate NMLS #14210); NY, NH, ND, VT, and WV not listed." }, { "id": "sukoon-finance-home-equity-financing", "provider": "Sukoon Finance", "providerProfileUrl": "https://www.halalwallet.us/providers/sukoon-finance", "productName": "Home Equity Access", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Structure not specified on site (Sharia-certified per Sukoon)", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Site states independent review and approval by the Main Fatwa Committee of Al-Azhar Al-Sharif; the specific contract for equity access is not named on the site and no fatwa document is published.", "shariahBoard": "third_party_certified", "description": "Interest-free home equity programs from Sukoon Finance (division of All Western Mortgage, Inc., NMLS #14210) that let homeowners access funds for education, renovations, or family goals through halal, Sharia-certified methods rather than an interest-bearing home equity loan or HELOC. The site does not name the specific contract used for equity access, describing it as structured without interest through Sukoon's certified methods.", "website": "https://sukoonfinance.com/services/", "nationwide": false, "stateCount": 46, "states": [ "AL", "AK", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NJ", "NM", "NC", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "DC", "WY", "WI" ], "founded": 2025, "bestFor": "Homeowners wanting halal access to home equity", "lastVerified": "2026-08-05", "features": [ "Access home equity for education, renovations, or family goals without an interest-bearing loan", "Structured through halal, Sharia-certified methods per the site", "No prepayment penalties", "45 states plus Washington DC footprint with published license numbers" ], "pricing": "No published rates, limits, or fee schedule (verified 2026-08-05). Quotes are individual; the FAQ states profit rates are competitive with conventional rates and no prepayment penalties apply. Licensing: 45 states plus Washington DC through parent All Western Mortgage, Inc. (Corporate NMLS #14210); NY, NH, ND, VT, and WV not listed." }, { "id": "university-islamic-financial-corporation-home-financing", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Home Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "structure": "Musharakah", "structureSlugs": [ "musharakah" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Hussein Hamed Hassan", "description": "UIF's flagship Declining Balance Agreement (diminishing Musharakah) for buying a home or replacing an existing home loan across 32 states. Finance up to $2,000,000 on 15-, 20-, or 30-year terms with down payments as low as 3% - UIF positions itself as the halal alternative to FHA for low-down-payment buyers. Title sits in your name from day one with no LLC or trust, there are no monthly LLC fees, closings run in about 30 days, and you keep 100% of the appreciation when you sell. Qualification mirrors conventional financing, with a 620 credit floor.", "website": "https://www.myuif.com/home-financing/", "nationwide": false, "stateCount": 32, "states": [ "AL", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "IA", "IL", "IN", "KS", "KY", "MA", "MD", "ME", "MI", "MN", "MO", "NC", "NJ", "NY", "OH", "OK", "OR", "PA", "SC", "TN", "TX", "VA", "WA", "WI" ], "founded": 2006, "bestFor": "Home purchases & refinancing", "lastVerified": "2026-08-13", "minDownPayment": "As low as 3% (may be higher based on credit score and property location)", "maxLoanAmount": "$2,000,000", "termOptions": [ "15 Years", "20 Years", "30 Years" ], "minCreditScore": "620", "terms": [ "10 years", "15 years", "20 years", "30 years" ], "features": [ "No prepayment penalty", "30-day closing", "No monthly LLC fees", "Title in your name from day one", "As low as 3% down payment - UIF positions itself as a specialist in low-down-payment financing", "Early payoff allowed anytime with no penalty - profit portion is prorated, saving money", "Monthly payment stays the same for the full contract; extra payments shorten the term and reduce total profit paid", "Profit reported on IRS Form 1098-INT - deductible like mortgage interest on a primary home (consult your accountant)", "Keep 100% of the appreciation when you sell - UIF only recovers the remaining balance at closing", "Serviced by sister company Midwest Loan Services - automatic payments and online account access available", "Investment property financing available (1-4 units)", "Refinance into or out of the program at any time (terms and conditions apply)", "No promissory note to borrow money - closing uses a Declining Balance Agreement instead", "Same qualification process as conventional financing - no more or less stringent" ], "pricing": "$0 application fee; $1,395 processing fee. Profit rates are not published - quotes are individual (profit rate range on record: 5-8%) and depend on credit, down payment, and term (verified 2026-08-05). Below 20% down adds a PMI-style risk cost and mandatory tax/insurance escrow (10% threshold in California). Flat $50 late fee donated to charity; no prepayment penalty; early payoff prorates the profit portion." }, { "id": "university-islamic-financial-corporation-renovation-financing", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Renovation Financing", "category": "Home Financing", "categoryHubUrl": "https://www.halalwallet.us/home-financing", "productType": "Renovation Financing", "structure": "Musharakah", "structureSlugs": [ "musharakah" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Hussein Hamed Hassan", "description": "Combines your home purchase and renovation costs into one Shariah-compliant Musharakah contract - buy a fixer-upper and finance the improvements together, with up to 5 draws as work is completed. Finances up to 75% of the combined purchase plus renovation value on 15- or 30-year fixed terms, for 1-2 unit primary residences and 1-unit second homes in 9 states (AL, FL, GA, IL, IN, MI, NC, TX, VA). Requires a 660 credit score; your own licensed contractor's bids and plans are reviewed and approved before closing, and a feasibility study is required for major repairs or projects over $35K.", "website": "https://www.myuif.com/renovation-financing/", "nationwide": false, "stateCount": 9, "states": [ "AL", "FL", "GA", "IL", "IN", "MI", "NC", "TX", "VA" ], "founded": 2006, "bestFor": "Fixer-uppers & renovation projects", "lastVerified": "2026-08-13", "minDownPayment": "5%", "maxLoanAmount": "Up to 75% of combined purchase + renovation value", "termOptions": [ "15 Years", "30 Years" ], "minCreditScore": "660", "terms": [ "15 years", "30 years" ], "features": [ "Purchase + renovation in one halal contract", "Up to 5 renovation draws (4 interim + 1 final)", "Fixed-rate only", "No processing fee", "Supplemental origination fee of $1,975 (can be included in the financing)", "Feasibility study required for major repairs or projects over $35k", "Eligible: 1–2 unit primary residences and 1-unit second homes", "Licensed contractor of your choice - bids and plans reviewed and approved before closing" ], "pricing": "Rates are not published - UIF quotes 15- and 30-year fixed-rate contracts individually (verified 2026-08-05). Known fees: no processing fee and a $1,975 supplemental origination fee that can be rolled into the financing. Renovation costs are capped at 75% of the combined purchase plus renovation value; flat $50 late fee donated to charity." }, { "id": "goosehead-insurance-auto", "provider": "Goosehead Insurance", "providerProfileUrl": "https://www.halalwallet.us/providers/goosehead-insurance", "productName": "Auto Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Auto Insurance", "structure": "Insurance Broker", "shariahOversightSummary": "Goosehead is a conventional broker with no Shariah oversight of any kind - its site never mentions halal or takaful and no takaful operator sits on its carrier panel; it appears here because state-mandated auto liability is permitted by FCNA under necessity rulings, and multi-carrier comparison keeps its cost down.", "description": "Auto insurance placement through Goosehead, a publicly traded brokerage (NASDAQ: GSHD) that compares multiple conventional car insurance companies from one application to drive rates lower, in all 50 states. The service is free to the driver - revenue comes from carrier-paid commissions, not customer fees or markups - and full SEC disclosure applies to the parent company. Auto liability coverage is legally required in nearly every US state, which is why FCNA and most contemporary scholars permit it under necessity (darura) rulings while genuine auto Takaful remains unavailable in the US.", "website": "https://quotes.goosehead.com/address-details", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim drivers who want legally mandated liability coverage at a fair rate through one application shopped across Goosehead's conventional carrier panel, rather than quoting insurers one by one, while genuine auto Takaful remains unavailable in the US.", "lastVerified": "2026-08-05", "features": [ "Multi-carrier comparison", "Publicly traded (NASDAQ: GSHD) with full SEC disclosure", "Free to consumers - revenue from carrier commissions, not customer fees", "Quotes from top carriers to drive rates lower", "Agents serve drivers in all 50 states" ], "pricing": "Free to consumers - Goosehead earns carrier-paid commissions, not customer fees or markups, though its consumer site does not disclose this. Auto premiums are set by the quoted carriers and vary by state, driver, and vehicle; no rate examples are published on goosehead.com (verified 2026-08-05)." }, { "id": "goosehead-insurance-home", "provider": "Goosehead Insurance", "providerProfileUrl": "https://www.halalwallet.us/providers/goosehead-insurance", "productName": "Home Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Home Insurance", "structure": "Insurance Broker", "shariahOversightSummary": "No Shariah board and no claim to one - a July 2026 scan of 14 goosehead.com pages found zero occurrences of halal, takaful, or Islamic, and every policy comes from conventional US carriers; it is listed for multi-carrier comparison of mortgage-required cover that FCNA and most contemporary scholars permit under necessity.", "description": "Home insurance placement through Goosehead, a publicly traded brokerage (NASDAQ: GSHD) whose agents shop a panel of 100+ conventional carriers to find coverage that fits the property and budget, in all 50 states. The service is free to the consumer - Goosehead is paid commissions by the carriers it places with - and agents handle midterm re-shopping and claims advocacy rather than one-time placement. With US mortgages effectively requiring home insurance and no home Takaful available in the market, FCNA and most contemporary scholars permit conventional coverage under necessity (darura) rulings.", "website": "https://quotes.goosehead.com/address-details", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim homeowners who must carry mortgage-required coverage today and want an agent to shop a large conventional carrier panel for a fair price - with claims advocacy and midterm re-shopping - while no US home Takaful exists.", "lastVerified": "2026-08-05", "features": [ "Multi-carrier comparison", "Expert agent guidance", "Shops 100+ carriers for home coverage", "Free to consumers - paid through carrier commissions", "Serves homeowners in all 50 states" ], "pricing": "Free to consumers - Goosehead is paid commissions by the carriers it places with, a model its consumer site does not disclose. Home premiums are set by the quoted carriers and vary by state and property; goosehead.com publishes no rate examples (verified 2026-08-05)." }, { "id": "goosehead-insurance-renters", "provider": "Goosehead Insurance", "providerProfileUrl": "https://www.halalwallet.us/providers/goosehead-insurance", "productName": "Renters Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Renters Insurance", "structure": "Insurance Broker", "shariahOversightSummary": "There is no Shariah oversight here and Goosehead claims none - the July 2026 crawl found no Islamic language anywhere on the site; renters cover is included as a conventional comparison option scholars broadly permit under darura until dedicated US takaful renters products exist, with carrier commissions funding the service.", "description": "Renters insurance placement through Goosehead, a publicly traded brokerage (NASDAQ: GSHD) that gets belongings insured fast by comparing multiple conventional carriers, in all 50 states. The service is free to the renter - Goosehead is compensated through carrier-paid commissions - and renters coverage protects against losses genuinely outside the tenant's control: fire, theft, and water damage. Contemporary scholars treat that as clear necessity-based coverage, which is the fiqhi basis for using a conventional marketplace while no Takaful renters product exists in the US.", "website": "https://quotes.goosehead.com/address-details", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim renters who want inexpensive protection for their belongings placed through an agent who compares multiple conventional carriers - a practical stopgap until a dedicated Takaful renters product reaches the US.", "lastVerified": "2026-08-05", "features": [ "Multi-carrier comparison", "Coverage against fires, theft, and water damage", "Free to consumers - compensated by carrier-paid commissions", "Available in all 50 states", "Backed by a publicly traded brokerage (NASDAQ: GSHD)" ], "pricing": "Free to consumers - Goosehead is compensated through carrier-paid commissions, which its consumer site does not disclose. Renters premiums are set by the quoted carriers and vary by state and coverage; no rate examples are published on goosehead.com (verified 2026-08-05)." }, { "id": "haya-financial-life-insurance", "provider": "HAYA Financial", "providerProfileUrl": "https://www.halalwallet.us/providers/haya-financial", "productName": "Holistic Life Insurance Planning", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Life Insurance", "structure": "Insurance Advisory", "shariahOversightSummary": "Nothing on hayafinancial.com claims Islamic oversight - no scholar, fatwa, or takaful structure appears on any of its ten pages, only 'values-based' language - so despite the founder's Muslim-community roles, buyers must verify in consultation that advice follows the term-life-only position of US fiqh bodies.", "shariahBoard": "no_public_review", "description": "Education-first insurance strategy and financial-clarity practice based in Sacramento (est. 2021): life insurance planning, disability income review, financial coaching, and estate-planning coordination, all entered through a free Clarity Call consultation. Founder Shak Kundiwala leads Shariawiz Advisory and founded the Sacramento Metro Muslim Chamber of Commerce, which gives the practice real community roots - but the site publishes no carriers, pricing, compensation model, license numbers, or Islamic finance claims, so the substance of any recommendation has to be established in the first conversation.", "website": "https://hayafinancial.com/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim families who want an education-first, no-pressure conversation about life and disability coverage from a community-embedded Sacramento advisor - and who are prepared to ask directly about carriers, compensation, and Sharia positions, since none of that is published.", "lastVerified": "2026-08-05", "features": [ "Life insurance strategy (education-first)", "Disability income protection review", "Financial coaching engagements", "Estate-planning coordination and referrals", "Free Clarity Call consultation" ], "pricing": "No fees or pricing published anywhere on the site. The entry point is a free Clarity Call consultation; the compensation model (client fee vs carrier commission) is not disclosed, so ask directly in the first call (verified 2026-08-05)." }, { "id": "ikhlas-insurance-health-dental-vision", "provider": "Ikhlas Insurance Group", "providerProfileUrl": "https://www.halalwallet.us/providers/ikhlas-insurance-group", "productName": "Dental, Vision & Hearing Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Health Insurance", "structure": "Dental/Vision/Hearing", "shariahOversightSummary": "Sh. Joe Bradford's vetting as Chief Sharia Officer stops at the life line - the dental, vision, and hearing pages carry no Sharia-compliance claim and broker conventional supplemental plans from mainstream carriers, a category scholars including AMJA and FCNA accept in necessity-based contexts.", "description": "Bundled supplemental coverage from Muslim-owned brokerage Ikhlas Insurance Group: dental, vision, and hearing benefits combined into one organized plan, in all 50 states. Vision coverage is available standalone or as a dental rider and is explicitly optometry rather than ophthalmology - exams, contact fittings, lenses, and frames. Hearing insurance is included as its own line, which Ikhlas's own page notes is hard to find elsewhere. Dental plan value depends on each plan's network, which is exactly the comparison work the brokerage does. Entry is a free consultation; Ikhlas is paid by the carriers, not the client.", "website": "https://ikhlasinsurance.com/dental-vision-insurance/dental-vision-hearing-consultation/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Families already working with Ikhlas - or anyone who wants a Muslim-facing broker - looking to bundle dental, vision, and hearing benefits into one organized plan, especially since hearing coverage is hard to find elsewhere.", "lastVerified": "2026-08-05", "features": [ "Dental", "Vision", "Hearing", "Combines dental, vision, and hearing benefits into one organized plan", "Vision coverage available standalone or as a dental rider", "Free consultation - Ikhlas is paid by the carriers, not the client" ], "pricing": "No published rates - bundle pricing depends on which dental, vision, and hearing plans are combined, and comes through a free consultation. Ikhlas is paid by the carriers, not the client (verified 2026-08-05)." }, { "id": "ikhlas-insurance-health-employer", "provider": "Ikhlas Insurance Group", "providerProfileUrl": "https://www.halalwallet.us/providers/ikhlas-insurance-group", "productName": "Employer Coverage (Group Health)", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Health Insurance", "structure": "Group Health Insurance", "shariahOversightSummary": "A Muslim-owned brokerage with Sh. Joe Bradford as Chief Sharia Officer, yet the group health line sits outside his published vetting - these are conventional employer plans from mainstream carriers, permitted by contemporary scholars under necessity rulings with explicit FCNA endorsement.", "description": "Group health insurance for small businesses and organizations, arranged by Muslim-owned brokerage Ikhlas Insurance Group in all 50 states. Ikhlas works from the employee census, compares options across multiple carriers, and handles enrollment and compliance paperwork for employers from two employees up, starting with a free consultation booked online or at (833) 853-5333. Group health coverage has explicit endorsement from the Fiqh Council of North America, and the site frames employee wellbeing as a religious obligation in Islamic business ethics.", "website": "https://ikhlasinsurance.com/group-health-insurance/group-health-insurance-consultation/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim small-business owners (from 2 employees up) who want employee health benefits arranged by a broker who shares their values - with the employee census, multi-carrier comparison, and enrollment and compliance paperwork handled for them.", "lastVerified": "2026-08-05", "features": [ "Small Business", "Group health plans for company employees or organization members", "Explicit FCNA endorsement for group health coverage", "Muslim-owned brokerage serving all 50 states", "Free consultation for small-business coverage" ], "pricing": "No published group rates - premiums depend on the employee census, location, and plan design, and are quoted through a free consultation. Brokerage compensation comes from the carriers, not from the employer (verified 2026-08-05)." }, { "id": "ikhlas-insurance-health-individual-family", "provider": "Ikhlas Insurance Group", "providerProfileUrl": "https://www.halalwallet.us/providers/ikhlas-insurance-group", "productName": "Individual & Family Health Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Health Insurance", "structure": "Health Insurance", "shariahOversightSummary": "Ikhlas names Sh. Joe Bradford, CSAA as Chief Sharia Officer, but his published vetting covers life insurance only - the individual and family health plans are conventional ACA, private, and short-term policies from mainstream carriers, relied on under the necessity rulings US scholars apply to health coverage.", "description": "Individual and family health insurance guidance from Muslim-owned brokerage Ikhlas Insurance Group, covering ACA marketplace plans (with subsidy navigation), private insurance, and short-term coverage, in all 50 states. The plans themselves are conventional carrier products regulated under the Affordable Care Act; Ikhlas's role is helping households compare the plan types and enroll, starting from a free consultation booked online or at (833) 853-5333. Contemporary scholars broadly accept health insurance in US necessity-based contexts, which is the fiqhi basis for this line.", "website": "https://ikhlasinsurance.com/individual-family-obamacare-health-insurance/individual-family-obamacare-health-insurance-consultation/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Individuals and families who want a Muslim-facing advisor to sort through ACA marketplace, subsidy, private, and short-term health options at no cost, in all 50 states - trusted navigation rather than an Islamic contract structure.", "lastVerified": "2026-08-05", "features": [ "ObamaCare (ACA)", "Private Insurance", "Short Term", "Muslim-owned brokerage available in all 50 states", "Free consultation to compare ACA, private, and short-term plan options", "Financial protection against medical expenses for individuals and families" ], "pricing": "Free to the consumer - Ikhlas is compensated by the carriers it places business with. Plan premiums depend on the ACA marketplace, household income (subsidy eligibility), and plan tier, and are quoted in the free consultation; no rate sheets are published (verified 2026-08-05)." }, { "id": "ikhlas-insurance-health-medicare", "provider": "Ikhlas Insurance Group", "providerProfileUrl": "https://www.halalwallet.us/providers/ikhlas-insurance-group", "productName": "Medicare", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Health Insurance", "structure": "Medicare", "shariahOversightSummary": "No Sharia-compliance language appears anywhere on Ikhlas's Medicare line, which is marketed on price, choice, and service alone - though FCNA and other contemporary scholars permit Medicare as a necessity-based health benefit; the firm's scholar vetting by Sh. Joe Bradford is reserved for life insurance.", "description": "Medicare guidance across Parts A, B, C, and D plus Medigap, from Muslim-owned brokerage Ikhlas Insurance Group, in all 50 states. Its CMS-required disclosure states it represents 8 organizations offering 527 plan products (a location-dependent figure), spanning Original Medicare guidance, Medicare Advantage, prescription drug plans, and supplement comparison. The consultation is free - Medicare brokers are paid by the plan carriers - and can be booked online or at (833) 853-5333. FCNA and other contemporary scholars permit Medicare as a necessity-based health benefit partially funded by payroll contributions already made.", "website": "https://ikhlasinsurance.com/medicare-health-insurance/medicare-health-insurance-consultation/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslims approaching 65 - or adult children helping parents enroll - who want Medicare Parts A–D and Medigap options explained and rate-shopped by a Muslim-owned brokerage at no cost.", "lastVerified": "2026-08-05", "features": [ "Medicare Parts A", "Medicare Part B", "Medicare Part C", "Medicare Part D", "Represents 8 organizations offering 527 plan products per CMS-required disclosure", "Free consultation from a Muslim-owned brokerage" ], "pricing": "Free consultation - Medicare brokers are compensated by plan carriers, not enrollees. Ikhlas's CMS-required disclosure says it represents 8 organizations offering 527 plan products (location-dependent). Plan premiums vary by county and plan type; no rate sheets are published (verified 2026-08-05)." }, { "id": "ikhlas-insurance-life", "provider": "Ikhlas Insurance Group", "providerProfileUrl": "https://www.halalwallet.us/providers/ikhlas-insurance-group", "productName": "Shariah-Compliant Life Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Life Insurance", "structure": "Halal Life Insurance", "shariahOversightSummary": "Sh. Joe Bradford, CSAA - ex-Al Rajhi Bank, founder of MyWassiyah - serves as Chief Sharia Officer and has determined the term-life line permissible under conditions, with the full AMJA position by Dr. Main Alqudah republished on-site; the conditions and the carrier behind the product are never published.", "shariahBoard": "Sh. Joe Bradford (Chief Sharia Officer)", "description": "Scholar-approved term life insurance through halal-vetted carrier partners, offered in all 50 states by Muslim-owned brokerage Ikhlas Insurance Group. The shelf is restricted to genuine protection contracts: term life only, with cash-value, universal, indexed, and variable products screened out. Carriers are vetted by Chief Sharia Officer Sh. Joe Bradford, and the framing follows the Fiqh Council of North America's position that some North American life contracts can satisfy fiqhi requirements. The entry point is a free consultation booked online or at (833) 853-5333; the site notes Sharia-compliant life insurance is offered in the USA only.", "website": "https://ikhlasinsurance.com/sharia-compliant-life-insurance/sharia-compliant-life-insurance-consultation/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Families wanting a direct, Muslim-facing insurance conversation with scholar-reviewed framing", "lastVerified": "2026-08-05", "features": [ "Scholar Approved Term Life Insurance", "Term life only - no cash-value, universal, indexed, or variable products", "Carriers vetted by Chief Sharia Officer Sh. Joe Bradford, CSAA", "Aligned with FCNA's position on North American life contracts", "Available in all 50 states with a free consultation" ], "pricing": "No premium figures published - term life quotes are individual (age, health, term length, coverage amount) and come through a free consultation booked online or at (833) 853-5333. Ikhlas is a brokerage paid by carriers, so the consultation costs the client nothing (verified 2026-08-05)." }, { "id": "sakinah-life-insurance", "provider": "Sakinah", "providerProfileUrl": "https://www.halalwallet.us/providers/sakinah", "productName": "Sakinah Life Insurance", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Life Insurance", "structure": "Islamic Life Insurance", "structureSlugs": [ "takaful" ], "shariahOversightSummary": "Sakinah displays a 'Shariah Certified' marquee and cites a 'reputable Shariah Supervisory Board,' but names no scholar, institution, or fatwa - and as a pre-launch waitlist venture with no carrier, license, or even legal entity disclosed, the claim cannot be verified until launch documents name names.", "description": "Planned takaful-style life protection built on a hybrid Mudaraba (profit-sharing) and Wakala (agency) structure, with participant contributions framed as tabarru' and deficits backstopped by operator Qard Hasan, plus surplus redistribution to participants. Term life is the planned launch product, with instant data-driven underwriting and no invasive medical exam. As of the August 2026 crawl Sakinah remains pre-launch and waitlist-only: nothing is purchasable, no pricing or coverage tiers exist, no carrier or state availability is disclosed, and the site's 'Shariah Certified' claim still carries no scholar names, institution, or fatwa.", "website": "https://www.getsakinah.com/#waitlist", "nationwide": false, "stateCount": 0, "bestFor": "Muslims planning ahead who like the textbook Mudaraba-Wakala takaful design and can wait for launch. Families who need coverage now should buy elsewhere and revisit once Sakinah names its scholars, carrier, and pricing.", "lastVerified": "2026-08-05", "features": [ "Mudaraba profit-sharing", "Wakala agency model", "Contributions framed as tabarru' (donation)", "Operator Qard Hasan backstops fund deficits", "Surplus redistribution to participants", "Term life planned as the launch product" ], "pricing": "No pricing exists - Sakinah remains waitlist-only with no purchasable product. Contribution levels, coverage tiers, the Mudaraba profit ratio, and the Wakala fee are all unpublished (verified 2026-08-05)." }, { "id": "takadao-lifedao", "provider": "Takadao", "providerProfileUrl": "https://www.halalwallet.us/providers/takadao", "productName": "LifeDAO", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Life Insurance", "structure": "Decentralized Takaful", "structureSlugs": [ "takaful" ], "shariahOversightSummary": "A named three-member Shariah board with claimed binding veto power - Hany Helmy (chairman), Hamid Irsane, and Akram El-Bialy - over a model built explicitly on AAOIFI Standard 26; but one member shares the founder's surname, one lacks a scholarly background, and no external AAOIFI-tier fatwa is published.", "shariahBoard": "formal_board", "description": "A community-owned, member-governed 'Nobank' on Arbitrum: members pool resources for life protection, savings, and a crypto spending card, all run through transparent smart contracts. Three membership tiers are live - Basic at $100/yr, Premium at $350/yr, and H.E.N.R.Y Elite at $5,500/yr - each pairing a LifeWallet, a Savings Vault advertising 3 to 6% Shariah-compliant yield, and a LifeProtection benefit ($25, $75, or $250 per year for benefits up to $15,000, $50,000, or $165,000, no medical checks). The site states plainly that The Lifedao is NOT backed by any regulated financial institution; access is by member invite.", "website": "https://thelifedao.io/en", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Crypto-literate Muslims allocating discretionary money to a live, on-chain mutual-aid experiment with a named Shariah board and radical transparency. Not a substitute for regulated protection - payouts are variable, the pool is small (~980 members, company-claimed), and by its own admission it is not backed by any regulated financial institution.", "lastVerified": "2026-08-05", "features": [ "Life Protection Benefit", "Farewell Benefit", "Crypto Debit Card", "Member-Run", "Savings Vault with 3 to 6% Shariah-compliant yield", "Three membership tiers: Basic $100, Premium $350, H.E.N.R.Y Elite $5,500 per year" ], "pricing": "Membership: Basic $100/yr (LifeProtection $25/yr, benefit up to $15,000), Premium $350/yr (LifeProtection $75/yr, up to $50,000), H.E.N.R.Y Elite $5,500/yr (LifeProtection $250/yr, up to $165,000), all with no medical checks. Savings Vault advertises 3 to 6% Shariah-compliant yield. Operator Takadao takes a disclosed 22% of contributions (verified 2026-08-05)." }, { "id": "takaful-america-business-insurance", "provider": "Takaful America", "providerProfileUrl": "https://www.halalwallet.us/providers/takaful-america", "productName": "Business Takaful", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Business Insurance", "structure": "Takaful", "structureSlugs": [ "takaful" ], "shariahOversightSummary": "Governance names real people: a three-scholar Shariah Supervisory Board (Salmi, Saheb, Ahmed) committed to AAOIFI and IFSB standards and annual public compliance reports - yet with the 2026 launch still a waitlist and no insurance license, carrier, or fatwa published, none of it can be checked against an operating business.", "shariahBoard": "Shariah Supervisory Board (Salmi, Saheb, Ahmed)", "description": "Pre-launch business Takaful line from Takaful America, planned around a shared Tabarru' (donation) pool covering business assets, employees, and operations. Participants would contribute to a mutual fund used to support members who suffer losses, with surplus returned to participants or directed to charity rather than kept as insurer profit. As of the August 2026 crawl nothing is purchasable: the site offers pre-registration only, and no pricing, coverage terms, insurance license, carrier partner, or state availability has been disclosed. A three-member Shariah Supervisory Board is named, with promised AAOIFI and IFSB alignment.", "website": "https://takafulamerica.com/#notifyMeSection", "nationwide": false, "stateCount": 0, "bestFor": "Muslim business owners who want to pre-register interest in genuine business Takaful ahead of the planned 2026 launch - understanding that no pricing, coverage terms, license, or state availability exists yet, so current coverage should stay in place.", "lastVerified": "2026-08-05", "features": [ "Pre-register now", "Classical Takaful model with a shared Tabarru' (donation) fund", "Covers business assets, employees, and operations", "Surplus returned to participants or directed to charity", "Named three-member Shariah Supervisory Board with promised AAOIFI and IFSB alignment" ], "pricing": "No pricing exists - the product has not launched. Takaful America's site offers pre-registration only, with no contribution rates, coverage limits, license, or state availability published (verified 2026-08-05)." }, { "id": "takaful-america-home-insurance", "provider": "Takaful America", "providerProfileUrl": "https://www.halalwallet.us/providers/takaful-america", "productName": "Home Takaful", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Home Insurance", "structure": "Takaful", "structureSlugs": [ "takaful" ], "shariahOversightSummary": "A named three-member Shariah Supervisory Board - Muhammad Aiman Bin Mohamad Salmi (CSAA), Ustadh Nazimool Saheb, and Imam Jawad Ahmed - with promised AAOIFI/IFSB alignment and annual Shariah reports; but the company is pre-launch with no license or carrier disclosed, so every commitment is intention, not audited practice.", "shariahBoard": "Shariah Supervisory Board (Salmi, Saheb, Ahmed)", "description": "Pre-launch home Takaful from Takaful America: a planned halal safety net for the home guarding against fire, flood, natural disasters, and theft, built on mutual responsibility rather than insurer profit. Participants would pool contributions into a shared Tabarru' (donation) fund used to support members who suffer losses, with surplus going back to participants or to charity. As of the August 2026 crawl nothing is purchasable: pre-registration is the only action available, and no pricing, coverage terms, insurance license, carrier partner, or state availability has been disclosed. A three-member Shariah Supervisory Board is named, with promised AAOIFI and IFSB alignment.", "website": "https://takafulamerica.com/#notifyMeSection", "nationwide": false, "stateCount": 0, "bestFor": "Homeowners committed to a true Takaful structure who want to signal demand and be first in line at launch. Keep conventional coverage in place meanwhile - nothing is purchasable yet, and no license, carrier, pricing, or state availability has been disclosed.", "lastVerified": "2026-08-05", "features": [ "Pre-register now", "Cooperative Takaful structure pooling contributions in a Tabarru' fund", "Guards against fire, flood, natural disasters, and theft", "Surplus goes back to participants or to charity, not insurer profit", "Structured to avoid riba, gharar, and maysir" ], "pricing": "No pricing exists - the product has not launched. The site offers pre-registration only, with no contribution rates, coverage terms, license, or state availability published (verified 2026-08-05)." }, { "id": "the-zebra-auto-insurance", "provider": "The Zebra", "providerProfileUrl": "https://www.halalwallet.us/providers/the-zebra", "productName": "Auto Insurance Comparison", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Auto Insurance", "structure": "Insurance Comparison", "shariahOversightSummary": "The Zebra has no Shariah oversight and makes no Islamic claim - an audit of all 3,522 sitemap URLs found zero halal or takaful references, and every one of its ~40 partner carriers is conventional; it is listed as a price-transparency tool for the state-mandated auto liability scholars permit under necessity.", "description": "Free auto insurance comparison from The Zebra, which partners with 100+ conventional companies to display rates from GEICO, Progressive, Nationwide, Liberty Mutual, Allstate and more in one search. Beyond quoting, the site publishes detailed rate research - average six-month full-coverage premiums for a sampled 30-year-old male range from about $818 (Travelers) to over $1,200 among major carriers, with breakdowns by age, credit tier, state, and driving violations. Revenue comes from carrier referral fees; with liability coverage legally mandated in most states, the fiqhi question is settled by necessity and the practical one by comparison.", "website": "https://www.thezebra.com/auto-insurance/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim drivers who want to stop overpaying for state-mandated liability coverage - a free, neutral comparison across 100+ conventional carriers with automatic re-shopping at renewal - until genuine auto Takaful reaches the US.", "lastVerified": "2026-08-05", "features": [ "100+ carriers", "GEICO", "Progressive", "Nationwide", "Rate research by age, credit tier, state, and driving record" ], "pricing": "Free to use - funded by carrier referral fees. The Zebra's published rate tables show average six-month full-coverage premiums for a sampled 30-year-old male ranging from about $818 (Travelers) to $1,208 (Nationwide) among major carriers, with wide variation by age, state, credit tier, and driving record (verified 2026-08-05)." }, { "id": "the-zebra-home-insurance", "provider": "The Zebra", "providerProfileUrl": "https://www.halalwallet.us/providers/the-zebra", "productName": "Home Insurance Comparison", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Home Insurance", "structure": "Insurance Comparison", "shariahOversightSummary": "A conventional comparison marketplace with no Shariah board - its full 3,522-URL sitemap contains no Islamic, halal, or takaful language - included because FCNA and other contemporary scholars permit lender-required home insurance under necessity rulings, and unbiased rate comparison limits what that necessity costs.", "description": "Free home insurance comparison from The Zebra: quotes from 100+ conventional carriers including Progressive, Allstate, and Liberty Mutual displayed side by side, with a claimed average saving of $482/year for shoppers. The site also publishes extensive rate research - its own figures note homeowners premiums commonly run above $2,000 per year - and licensed in-house agents can help lock in a rate. Revenue comes from carrier referral fees rather than consumer fees. With US mortgages effectively mandating home insurance and no Takaful option in the market, price transparency is the main lever a Muslim buyer controls.", "website": "https://www.thezebra.com/homeowners-insurance/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Homeowners who want to comparison-shop mortgage-required coverage across a broad conventional carrier panel in one free search, without sales pressure - price transparency being the main lever a Muslim buyer controls in this market.", "lastVerified": "2026-08-05", "features": [ "100+ carriers", "Instant quotes", "Progressive", "Allstate", "Liberty Mutual" ], "pricing": "Free to use - The Zebra earns carrier referral fees, not consumer fees. It claims shoppers save an average of $482/year on homeowners insurance by comparing, and its published research notes premiums commonly exceed $2,000/year depending on state and coverage (verified 2026-08-05)." }, { "id": "the-zebra-renters-insurance", "provider": "The Zebra", "providerProfileUrl": "https://www.halalwallet.us/providers/the-zebra", "productName": "Renters Insurance Comparison", "category": "Insurance", "categoryHubUrl": "https://www.halalwallet.us/insurance", "productType": "Renters Insurance", "structure": "Insurance Comparison", "shariahOversightSummary": "No Shariah oversight exists or is claimed: The Zebra's carriers are all conventional insurers, confirmed by a July 2026 audit of its entire sitemap - it earns its listing purely as a free, BBB A−-rated comparison utility for necessity-permitted renters coverage until takaful alternatives reach the US market.", "description": "Free renters insurance comparison from The Zebra, with licensed agents and instant quotes across all 50 states. Its published averages put renters coverage at $233 per year ($19/month) nationally for a policy with $50,000 personal property and $100,000 liability limits, with state averages ranging from $113/year in Vermont to $451/year in Louisiana - and bundling renters with auto saves an average of $79/year. Revenue comes from carrier referral fees. Scholars broadly permit renters insurance as necessity-based coverage against fire, theft, and water damage outside the renter's control.", "website": "https://www.thezebra.com/insurance/renters/start/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Muslim renters who want inexpensive, fairly priced protection - averaging about $19/month - compared across multiple conventional carriers with licensed-agent support, while Takaful alternatives remain absent from the US market.", "lastVerified": "2026-08-05", "features": [ "Licensed agents", "Instant quotes", "Renters coverage averages $19/month ($233/year)", "Free multi-carrier comparison, BBB A- rated", "Available across all 50 states" ], "pricing": "Free comparison - The Zebra earns carrier referral fees. Its published averages: renters insurance runs $233/year ($19/month) nationally for $50,000 personal property and $100,000 liability coverage, ranging by state from about $113/year (Vermont) to $451/year (Louisiana); bundling renters with auto saves an average of $79/year (verified 2026-08-05)." }, { "id": "allied-asset-advisors-iman-fund", "provider": "Allied Asset Advisors", "providerProfileUrl": "https://www.halalwallet.us/providers/allied-asset-advisors", "productName": "Iman Fund (IMANX)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Mutual Fund", "structure": "Shariah-Screened Mutual Fund", "shariahOversight": "third_party_certified", "shariahOversightSummary": "AAOIFI-standard screening with IdealRatings certification per the advisor's site; supervising scholars not individually named. Advisor is wholly owned by the North American Islamic Trust (NAIT).", "shariahBoard": "third_party_certified", "description": "Actively managed, no-load Islamic mutual fund seeking long-term capital growth while adhering to Islamic principles, managed since its 2000 inception by Dr. Bassam Osman of Allied Asset Advisors, Inc., a wholly owned subsidiary of the North American Islamic Trust (NAIT), the 501(c)(3) waqf institution established in 1973. The fund invests in US-listed domestic and foreign equities that pass Islamic screening, holds uninvested cash in non-interest-bearing deposits, and benchmarks against the Dow Jones Islamic Market World Index. Alongside Amana, Azzad, and Wahed, it is one of the longest-running halal mutual funds in America, and it is purchasable directly or through major brokerages including Schwab, Fidelity, Vanguard, and E-Trade.", "website": "https://investaaa.com/why-iman-fund/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2000, "bestFor": "Long-term halal growth investing through IRAs and 401(k) rollovers", "lastVerified": "2026-08-05", "ticker": "IMANX", "expenseRatio": "1.30% gross; 1.00% net after the advisor's fee waiver to 0.70% (in effect through 2026-09-30)", "minInvestment": "$250 regular accounts; $100 IRAs (Traditional, Roth, SEP, SIMPLE) and Coverdell ESAs; $50 subsequent investments", "screeningMethod": "AAOIFI-standard sector and financial screens with IdealRatings certification; excludes alcohol, tobacco, pork, conventional financials, defense, gambling, pornography, and interest-bearing debt", "accountTypes": [ "Regular taxable", "Traditional IRA", "Roth IRA", "SEP IRA", "SIMPLE IRA", "Coverdell ESA" ], "features": [ "One of the longest-running US halal mutual funds, operating since 2000", "Actively managed by Dr. Bassam Osman since inception", "Advisor is a wholly owned subsidiary of the North American Islamic Trust (NAIT), a 501(c)(3) waqf established 1973", "AAOIFI-standard screening with IdealRatings certification per the advisor", "No sales load and no 12b-1 fees; low minimums ($250 regular, $100 IRA)", "Available through major brokerages: Schwab, Fidelity, Vanguard, E-Trade", "Benchmarked against the Dow Jones Islamic Market World Index" ], "pricing": "No-load fund with no 12b-1 fees. Gross expense ratio 1.30%; net 1.00% while the advisory fee waiver to 0.70% runs (through 2026-09-30, per the 2025 prospectus). Minimums: $250 regular, $100 IRA and Coverdell, $50 additional. Purchasable directly or via Schwab, Fidelity, Vanguard, and E-Trade (verified 2026-08-05)." }, { "id": "amal-invest-halal-fund-builder", "provider": "Amal Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/amal-invest", "productName": "Halal Fund Builder (Grow & Save Portfolios)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Fund Reconstruction Platform", "structure": "Fund reconstruction with AAOIFI screening (via Zoya)", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Amanah Advisors reviewed the platform and issued a Shariah compliance certificate; screening data from Zoya per AAOIFI standards; continuous automated re-screening.", "shariahBoard": "third_party_certified", "description": "Automated halal investing platform (Y Combinator W2022) that reconstructs popular ETFs and mutual funds into Shariah-compliant versions by filtering out non-compliant holdings, then manages the portfolio automatically through the investor's own brokerage account (Alpaca in the US, Trading212 in the UK and Europe). Two flagship auto-screened portfolios, Grow and Save, plus a filter engine covering 10,000+ ETFs and mutual funds. If a holding turns non-compliant, Amal automatically sells it and reinvests. Includes a built-in boycott (BDS) filter excluding companies profiting from the occupation of Palestine, and custom blocklists. Priced as a one-time lifetime fee with no assets-under-management percentage.", "website": "https://amalinvest.com/halal-investing/how-does-amal-invest-actually-work", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2021, "bestFor": "Set-and-forget halal versions of mainstream index funds", "lastVerified": "2026-08-05", "accountTypes": [ "Taxable brokerage (via Alpaca or Trading212); IRAs not currently supported" ], "features": [ "Rebuilds mainstream ETFs and mutual funds into halal versions by removing non-compliant holdings", "Two auto-screened flagship portfolios: Grow (equity growth) and Save (conservative)", "Automatic sale and reinvestment when a holding turns non-compliant", "Amanah Advisors Shariah compliance certificate; AAOIFI screening data from Zoya", "Built-in boycott (BDS) filter plus custom blocklists that override everything", "One-time lifetime pricing ($249, or $999 Pro) with no AUM percentage", "Investments held at regulated brokers (Alpaca in the US), never by Amal" ], "pricing": "One-time lifetime fee, no subscriptions and no percentage of assets: $249 standard, $999 Pro (access to the full 10,000+ fund filter universe), with a 30-day money-back guarantee (verified 2026-08-05). Brokerage costs at Alpaca or Trading212 are separate. Trustpilot 4.6 with 10,000+ investors claimed." }, { "id": "amana-funds-mutual-fund-1", "provider": "Amana Funds", "providerProfileUrl": "https://www.halalwallet.us/providers/amana-funds", "productName": "Amana Developing World Fund (AMDWX)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Mutual Fund", "structure": "Mutual Funds", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Reviewed by Amanie Advisors (independent Shariah board).\nScreened using established halal criteria.", "shariahBoard": "third_party_certified", "description": "The Amana Developing World Fund (AMDWX) extends the Amana family's halal screens to emerging markets: at least 80% of assets in companies with half or more of their production assets or revenues in a published 33-country developing-economy list. It is the family's smallest fund at roughly $201M across classes ($67.7M Investor, $133.2M Institutional at the 2026-08-05 site check). One-year performance was strong at 41.71%, but the 10-year record of 7.76% annualized trails the MSCI Emerging Markets Index's 10.52%. Amanie Advisors certifies quarterly; purification factors are published annually.", "website": "https://www.saturna.com/funds/halal-funds", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1986, "bestFor": "Halal emerging market exposure", "lastVerified": "2026-08-05", "ticker": "AMDWX", "expenseRatio": "1.20% (AMDWX) / 0.98% (AMIDX)", "managementFee": "0.80%", "minInvestment": "$100 ($100,000 institutional)", "aum": "$201M (both classes, 2026-08-05)", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Emerging-markets mandate: 50%+ of holdings' production assets or revenues in a published 33-country developing-economy list", "Same AAOIFI-style screens as the Amana family: 5% haram-revenue rule, 33% debt/market-cap, 45% receivables/assets", "Quarterly Sharia certification by Amanie Advisors with published documents", "Can hold Islamic financial institutions (Alinma Bank, Bank Islam Malaysia, Takaful Malaysia) - the screen bars interest-based finance only", "Annual purification factor published ($0.0037827 per AMDWX share for fiscal 2025); zakatable-asset ratio ~30.77% at end-2025", "$100 minimum (none in tax-sheltered accounts); institutional class AMIDX at $100,000" ], "pricing": "Expense ratio 1.20% Investor (AMDWX) / 0.98% Institutional (AMIDX, $100,000 minimum); management fee 0.80% plus 0.25% 12b-1 on the Investor class; no loads. $100 minimum initial investment, none in tax-sheltered accounts (prospectus dated 2025-09-29; verified 2026-08-05).", "verdict": { "slug": "amdwx-fund", "entityName": "Amana Developing World Fund (AMDWX)", "verdict": "halal", "summary": "AMDWX is Shariah-compliant. It is Saturna's halal emerging-markets equity fund, seeking long-term growth from screened companies with significant exposure to developing economies. It applies the standard Amana Islamic screens (no interest-based finance, alcohol, gambling or tobacco; debt under 33% of market cap, receivables under 45% of assets, haram revenue under 5%) with quarterly Shariah review by Amanie Advisors. Purify the small residual incidental income.", "url": "https://www.halalwallet.us/is-it-halal/amdwx-fund", "lastReviewed": null } }, { "id": "amana-funds-mutual-fund", "provider": "Amana Funds", "providerProfileUrl": "https://www.halalwallet.us/providers/amana-funds", "productName": "Amana Growth Fund (AMAGX)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Mutual Fund", "structure": "Mutual Funds", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Reviewed by Amanie Advisors (independent Shariah board).\nScreened using established halal criteria.", "shariahBoard": "third_party_certified", "description": "The Amana Growth Fund (AMAGX) is the largest halal mutual fund in the US, with roughly $6.8B across its two share classes ($3.05B Investor, $3.74B Institutional as of the 2026-08-05 site check). Launched in 1994 and advised by Saturna Capital, it holds large-cap growth stocks screened to Islamic principles - no interest-paying investments anywhere, with cash managed through murabaha and wakala - and its 10-year record is the fund family's headline: 17.60% annualized for AMAGX versus 15.51% for the S&P 500 Total Return Index as of 06/30/2026. Amanie Advisors certifies compliance quarterly.", "website": "https://www.saturna.com/funds/halal-funds", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1986, "bestFor": "Long-term halal growth investing", "lastVerified": "2026-08-05", "ticker": "AMAGX", "expenseRatio": "0.86% (AMAGX) / 0.61% (AMIGX)", "managementFee": "0.58%", "minInvestment": "$100 ($100,000 institutional)", "aum": "$6.8B (both classes, 2026-08-05)", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Large-cap growth strategy screened to the 5% haram-revenue rule, 33% debt-to-market-cap and 45% receivables-to-assets caps", "Quarterly Sharia review and certification by Amanie Advisors, with published Islamic Certification documents", "No interest instruments anywhere - cash managed through murabaha and wakala contracts", "Annual published purification factor (fiscal 2025: $0.0063479 per AMAGX share) plus free zakat estimate reports for Saturna accounts", "$100 minimum for the Investor class, waived in tax-sheltered accounts; institutional class (AMIGX) at $100,000", "Same strategy now offered as the Amana Growth ETF (AMGR, NASDAQ, launched June 2026)" ], "pricing": "Expense ratio 0.86% Investor (AMAGX) / 0.61% Institutional (AMIGX, $100,000 minimum); management fee 0.58% plus a 0.25% 12b-1 fee on the Investor class; no sales loads. $100 minimum initial investment for Investor shares, no minimum in tax-sheltered accounts (prospectus dated 2025-09-29; verified 2026-08-05).", "verdict": { "slug": "amagx-fund", "entityName": "Amana Growth Fund (AMAGX)", "verdict": "halal", "summary": "AMAGX is Shariah-compliant. It is an actively managed, halal large-cap growth mutual fund from Saturna Capital (the Amana Funds, running since 1986). Saturna selects only companies that pass Islamic screens developed with scholars of the Fiqh Council of North America — excluding interest-based finance, alcohol, gambling, tobacco and other prohibited sectors, and applying financial limits (debt under 33% of market cap, accounts receivable under 45% of assets, haram revenue under 5%). An independent board of scholars, Amanie Advisors, reviews the portfolio quarterly. As with any screened equity fund, purify the small residual incidental income.", "url": "https://www.halalwallet.us/is-it-halal/amagx-fund", "lastReviewed": null } }, { "id": "amana-funds-mutual-fund-2", "provider": "Amana Funds", "providerProfileUrl": "https://www.halalwallet.us/providers/amana-funds", "productName": "Amana Income Fund (AMANX)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Mutual Fund", "structure": "Mutual Funds", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Reviewed by Amanie Advisors (independent Shariah board).\nScreened using established halal criteria.", "shariahBoard": "third_party_certified", "description": "The Amana Income Fund (AMANX) is the original US halal fund - operating since June 23, 1986 - seeking current income and capital preservation through dividend-paying stocks, never interest. It holds roughly $2.4B across share classes ($956M Investor, $1.45B Institutional at the 2026-08-05 site check), keeps at least 80% of assets in income-producing securities, and is certified quarterly by Amanie Advisors. Ten-year returns of 12.24% annualized (Investor) trail the S&P 500 TR's 15.51%, the expected cost of its income-and-preservation mandate; the top holding at mid-2026 was Taiwan Semiconductor at about 14%.", "website": "https://www.saturna.com/funds/halal-funds", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1986, "bestFor": "Halal income-oriented investing", "lastVerified": "2026-08-05", "ticker": "AMANX", "expenseRatio": "1.01% (AMANX) / 0.76% (AMINX)", "managementFee": "0.73%", "minInvestment": "$100 ($100,000 institutional)", "aum": "$2.4B (both classes, 2026-08-05)", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Equity-income strategy: at least 80% in income-producing securities, primarily dividend-paying stocks - never interest", "Quarterly Sharia certification by Amanie Advisors with published Islamic Certification documents", "Cash managed through murabaha and wakala profit-sharing instruments, not deposits", "Largest published purification factor in the family (fiscal 2025: $0.0112113 per AMANX share) - quantified annually for investors to donate", "Fund-level zakatable-asset ratio published (~20.09% at end-2025) with free annual zakat reports", "$100 minimum (none in tax-sheltered accounts); institutional class AMINX at $100,000" ], "pricing": "Expense ratio 1.01% Investor (AMANX) / 0.76% Institutional (AMINX, $100,000 minimum); management fee 0.73% plus 0.25% 12b-1 on the Investor class; no loads. $100 minimum initial investment, none in tax-sheltered accounts. 30-day yield 0.52% (AMANX) / 0.75% (AMINX) (verified 2026-08-05).", "verdict": { "slug": "amanx-fund", "entityName": "Amana Income Fund (AMANX)", "verdict": "halal", "summary": "AMANX is Shariah-compliant. It is Saturna Capital's halal equity-income mutual fund (Amana Funds, since 1986), seeking current income and capital preservation from dividend-paying, screened large-cap companies. It applies the same Islamic screens as the other Amana funds — no interest-based finance, alcohol, gambling or tobacco, and debt under 33% of market cap, receivables under 45% of assets, and haram revenue under 5% — with quarterly Shariah review by Amanie Advisors. Purify the small residual incidental income.", "url": "https://www.halalwallet.us/is-it-halal/amanx-fund", "lastReviewed": null } }, { "id": "amana-funds-mutual-fund-3", "provider": "Amana Funds", "providerProfileUrl": "https://www.halalwallet.us/providers/amana-funds", "productName": "Amana Participation Fund (AMAPX)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Mutual Fund", "structure": "Mutual Funds", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Reviewed by Amanie Advisors (independent Shariah board).\nScreened using established halal criteria.", "shariahBoard": "third_party_certified", "description": "The Amana Participation Fund (AMAPX) is the first non-equity halal income fund in the US (launched 2015) and the family's answer to the bond problem: capital preservation and current income from sukuk, murabaha, and wakala instruments - never conventional bonds. At the 2026-08-05 site check it held roughly $324M across classes ($49.6M Investor, $274.6M Institutional) with 30-day yields of 2.94% (AMAPX) and 3.18% (AMIPX). The portfolio keeps a 2-5 year dollar-weighted average maturity, at least 50% USD-denominated, with at least 65% in the four highest rating grades. Distributions are monthly; no purification is required.", "website": "https://www.saturna.com/funds/halal-funds", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 1986, "bestFor": "Halal fixed-income alternative", "lastVerified": "2026-08-05", "ticker": "AMAPX", "expenseRatio": "0.82% (AMAPX) / 0.59% (AMIPX)", "managementFee": "0.50%", "minInvestment": "$100 ($100,000 institutional)", "aum": "$324M (both classes, 2026-08-05)", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Sukuk-based income: at least 80% in sukuk, murabaha, and wakala - no conventional bonds or interest-paying obligations", "Monthly distributions, unlike the equity funds in the family", "No purification required - underlying securities individually determined Islamically acceptable by a third party", "Quarterly Sharia certification by Amanie Advisors; 100% zakatable ratio (zakat = 2.5% of market value)", "Dollar-weighted average maturity of 2-5 years; at least 50% USD-denominated", "$100 minimum (none in tax-sheltered accounts); institutional class AMIPX at $100,000" ], "pricing": "Expense ratio 0.82% Investor (AMAPX) / 0.59% Institutional (AMIPX, $100,000 minimum); management fee 0.50% plus 0.25% 12b-1 on the Investor class; no loads. $100 minimum, none in tax-sheltered accounts. 30-day yield 2.94% Investor / 3.18% Institutional (verified 2026-08-05).", "verdict": { "slug": "amapx-fund", "entityName": "Amana Participation Fund (AMAPX)", "verdict": "halal", "summary": "AMAPX is Shariah-compliant and is specifically designed as a halal fixed-income alternative. It invests primarily in sukuk (Islamic investment certificates) and other Shariah-compliant income instruments to seek capital preservation and current income — without conventional interest-bearing bonds. It is part of Saturna's Amana Funds, reviewed quarterly by Amanie Advisors. Because sukuk are structured to comply with Shariah, purification needs are minimal.", "url": "https://www.halalwallet.us/is-it-halal/amapx-fund", "lastReviewed": null } }, { "id": "azzad-asset-management-wealth-management", "provider": "Azzad Asset Management", "providerProfileUrl": "https://www.halalwallet.us/providers/azzad-asset-management", "productName": "Azzad Wealth Management", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Investment Platform", "structure": "Wealth Management", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariyah Review Bureau certifies Azzad funds.\nAAOIFI-aligned screening methodology.", "shariahBoard": "third_party_certified", "description": "Azzad Asset Management is a fee-only, faith-based SEC-registered investment adviser founded in 1997 in Falls Church, Virginia, managing about $1.8B (company-reported, 12/31/2025) for roughly 1,500 households. Its Ethical Wrap Program delivers halal wealth management through separately managed accounts with direct stock ownership - nine model portfolios run by institutional managers including Kayne Anderson Rudnick, D.F. Dent, SKBA, and Tributary, plus in-house strategies - wrapped with financial planning, zakah and purification accounting, and shareholder advocacy. Custody sits at Goldman Sachs, Fidelity, or Schwab.", "website": "https://azzadasset.com/are-we-a-good-fit/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2000, "bestFor": "High-net-worth halal wealth management", "lastVerified": "2026-08-05", "managementFee": "~1% wrap fee, declining with AUM", "minInvestment": "$500,000 (wrap program); $1,000 ADJEX / $4,000 WISEX funds", "aum": "$1.8B firm-wide (12/31/2025, company-reported)", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Nine halal SMA model portfolios run by institutional managers (Kayne Anderson Rudnick, D.F. Dent, SKBA, Tributary, M3Sixty) plus three managed in-house", "Annual zakah and purification statements - purification accrued daily, zakah computed on 23 Sha'ban for delivery in Ramadan", "Named three-scholar Shariah Advisory Board plus annual external Shariah audits by IFAAS since 2015", "Shareholder advocacy at no extra charge: proxy voting and resolutions (Chevron Myanmar exit, Meta and Alphabet engagements)", "Fee-only fiduciary; planning fee typically starts at 1% and declines with assets; $500,000 wrap-program minimum", "Custody at Goldman Sachs, Fidelity, or Charles Schwab" ], "pricing": "Fee-only wrap program: planning fee typically starts around 1% of AUM and declines with asset level, wrapped with underlying manager/fund fees; $500,000 minimum initial investment (per Azzad's published FAQ and wrap disclosures retrieved 2026-07-28). The wrap-program page itself publishes no fee figures (crawled 2026-08-05) - confirm the current schedule directly. Azzad's mutual funds: ADJEX 0.99% net ER ($1,000 minimum, $500 IRA), WISEX 0.89% net ER ($4,000 minimum)." }, { "id": "manzil-etf", "provider": "Manzil", "providerProfileUrl": "https://www.halalwallet.us/providers/manzil", "productName": "Manzil Russell Halal USA Broad Market ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah compliance reviewed by independent advisory.\r\nProducts launching 2026.", "shariahBoard": "third_party_certified", "description": "The Manzil Russell Halal USA Broad Market ETF (MNZL) is a passive Nasdaq-listed fund tracking the Russell IdealRatings Manzil Halal USA Broad Market Index - an AAOIFI-compliant screen of the broad US market with an added human-rights overlay using American Friends Service Committee criteria. At 0.40% it carries the lowest expense ratio of any US halal equity ETF, and with roughly 490 holdings it is also the broadest. The catch is youth and size: inception was November 18, 2025, and net assets were $25.31M at the 2026-08-04 fund page check.", "website": "https://manzilfunds.com", "nationwide": false, "stateCount": 49, "states": [ "OH", "RI", "VT", "TN", "ND", "LA", "OR", "FL", "ID", "AL", "ME", "SD", "WI", "NM", "AK", "IA", "IN", "MD", "SC", "GA", "AZ", "NY", "NC", "KS", "CO", "TX", "WY", "MT", "PA", "MO", "OK", "KY", "WA", "CT", "WV", "NH", "HI", "MN", "MS", "VA", "NV", "MI", "NJ", "IL", "CA", "MA", "DE", "AR", "UT" ], "bestFor": "Lowest-cost halal ETF with broad US exposure", "lastVerified": "2026-08-13", "ticker": "MNZL", "expenseRatio": "0.40%", "aum": "$25.31M (2026-08-04)", "screeningMethod": "Russell Halal USA Index", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Passive Nasdaq-listed ETF (inception November 18, 2025) with a 0.40% expense ratio", "Tracks the Russell IdealRatings Manzil Halal USA Broad Market Index, built to AAOIFI standards from the Russell 1000", "AAOIFI two-part screening: business-activity exclusions plus interest-debt, interest-asset, and receivables ratio tests", "AFSC human-rights overlay excludes companies linked to grave human rights violations", "Purification amounts calculated and provided to investors for charitable donation", "Full daily holdings (~370 positions) and the Shariah Certificate published on manzilfunds.com" ], "pricing": "0.40% expense ratio - the lowest among US halal equity ETFs; no platform minimum beyond one share (fractional at supporting brokers). Net assets $25.31M and roughly 490 holdings as of 2026-08-04 (verified 2026-08-05). Standard brokerage commissions may apply.", "verdict": { "slug": "mnzl-etf", "entityName": "Manzil Russell Halal USA Broad Market ETF (MNZL)", "verdict": "halal", "summary": "MNZL is Shariah-compliant by design and adds a distinctive second screen. It tracks the Russell IdealRatings Manzil Halal USA Broad Market Index — the Shariah-compliant subset of the Russell 1000 — using Russell's IdealRatings AAOIFI-based screens (prohibited sectors plus debt/liquidity/impermissible-income limits). It then applies a further ethical screen based on American Friends Service Committee (AFSC) human-rights criteria. An independent Shariah Supervisory Board oversees it, with a purification process for residual income.", "url": "https://www.halalwallet.us/is-it-halal/mnzl-etf", "lastReviewed": null } }, { "id": "manzil-halal-stock-trading", "provider": "Manzil", "providerProfileUrl": "https://www.halalwallet.us/providers/manzil", "productName": "Manzil Trading (Self-Directed Halal Stock Trading)", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Brokerage", "structure": "Self-directed brokerage with real-time AAOIFI screening (Zoya)", "shariahOversight": "formal_board", "shariahOversightSummary": "Company governed by Manzil's formal Shariah Supervisory Board (Dr. Shaher Abbas, Dr. M. Gadhoum, Mufti Faraz Adam) on AAOIFI's three-layer model; trading universe enforced in real time by Zoya's AAOIFI screening.", "shariahBoard": "formal_board", "description": "Manzil Trading, launched July 14, 2026, is Manzil Invest USA's self-directed brokerage: trade individual US equities and ETFs where every stock in the universe is pre-screened against AAOIFI standards through an embedded Zoya integration, so non-compliant names simply cannot be traded. Manzil's founder describes it as a halal version of Robinhood and claims it is the first all-in-one halal trading app launched in North America, replacing the old workaround of running a screening app alongside a regular brokerage. It includes fractional shares from $100, real-time compliance monitoring with alerts when a holding's status changes, integrated Zakat and purification calculators, and no interest paid or fees charged on uninvested cash. Brokerage execution and custody are through Alpaca Securities LLC (FINRA member, SIPC coverage up to $500,000); advisory services sit with SEC-registered Manzil Investment Advisors (Dallas). Also live in the UK, UAE, Saudi Arabia, Qatar, and Bahrain.", "website": "https://www.manzil.co/halal-invest/trading", "nationwide": true, "stateCount": 50, "founded": 2019, "bestFor": "Hands-on halal investors who want to pick their own stocks in one app", "lastVerified": "2026-08-13", "managementFee": "Core: $48/year + 0.40% of invested assets; Premium ($100K+ in assets): $0/year + 0.40%", "minInvestment": "$100 minimum in assets; fractional shares", "screeningMethod": "Real-time Shariah screening by Zoya against AAOIFI standards, embedded in the platform; non-compliant stocks cannot be traded and status changes trigger notifications", "accountTypes": [ "Individual taxable brokerage (via the Manzil app)" ], "features": [ "Every tradeable stock pre-screened against AAOIFI standards via embedded Zoya integration", "Real-time compliance monitoring with notifications when a holding's status changes", "Fractional shares from $100", "Integrated Zakat and purification calculators", "No interest paid and no fees charged on uninvested cash", "SIPC-insured custody through Alpaca Securities LLC (FINRA member), up to $500,000", "Claimed first all-in-one halal trading app launched in North America (July 14, 2026)", "Available in the US, UK, UAE, Saudi Arabia, Qatar, and Bahrain with international KYC onboarding" ], "pricing": "Core plan: $48 annually plus 0.40% of invested assets, $100 asset minimum; Premium plan at $100,000+ waives the annual subscription (0.40% only). Both include unlimited deposits and withdrawals, real-time compliance screening, Zakat and purification calculators, and no fees on uninvested cash (verified on manzil.co/halal-invest/trading 2026-08-05). Fees are charged on invested assets; uninvested cash earns no interest by design. Custody via Alpaca Securities LLC with SIPC protection up to $500,000. iOS and Android apps; launched in the US on July 14, 2026, alongside the UK, UAE, Saudi Arabia, Qatar, and Bahrain." }, { "id": "manzil-wealth-management", "provider": "Manzil", "providerProfileUrl": "https://www.halalwallet.us/providers/manzil", "productName": "Wealth Management", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Investment Platform", "structure": "Wealth Management", "shariahOversight": "formal_board", "shariahOversightSummary": "Manzil’s products are reviewed by both an in-house Shariah Supervisory Board and external scholars, and they state they adhere to AAOIFI standards to ensure all financing and investment offerings remain halal.", "shariahBoard": "Formal Board", "description": "Manzil's US managed investing service is live: Manzil Investment Advisors, LLC (SEC-registered, Dallas) runs fully managed, Shariah-certified robo portfolios built from AAOIFI-screened halal ETFs, sukuk, REITs, and gold and silver ETFs across three risk profiles, with automatic rebalancing and continuous compliance monitoring that removes and replaces holdings that fall out of compliance. Pricing is a 0.40% AUM fee plus a $48/year subscription waived at $100,000; accounts start at a $100 asset minimum across Individual, Traditional IRA, and Roth IRA types, with custody at Alpaca Securities (SIPC-protected).", "website": "https://www.manzil.co/halal-invest", "nationwide": true, "stateCount": 50, "founded": 2019, "bestFor": "Halal portfolio management", "lastVerified": "2026-08-13", "managementFee": "0.40% AUM + $48/yr (waived at $100K+)", "minInvestment": "$100", "features": [ "Managed by Manzil Investment Advisors, LLC - an SEC-registered investment adviser based in Dallas, TX", "Portfolios built from AAOIFI-screened halal ETFs, Sukuk, REITs, and gold and silver ETFs across three risk profiles", "Continuous compliance monitoring - non-compliant holdings are removed and replaced", "0.40% AUM fee plus a $48/year subscription, waived entirely at $100,000+", "Individual, Traditional IRA, and Roth IRA account types", "Custody through Alpaca Securities, a FINRA/SIPC member" ], "pricing": "0.40% AUM management fee plus $48/year subscription (Core, $100 asset minimum); subscription waived at $100,000+ (Premium). Third-party ETF MERs pass through inside the products; fees charged only on actively invested funds. Custody via Alpaca Securities with SIPC protection (verified on manzil.co pricing page 2026-08-05). Note: the January 2025 Form ADV filed a $2/month + 0.49% schedule - confirm current terms at signup." }, { "id": "musaffa-halal-etf-finder", "provider": "Musaffa", "providerProfileUrl": "https://www.halalwallet.us/providers/musaffa", "productName": "Halal ETF Finder", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Stock Screener", "structure": "ETF Screener", "shariahOversight": "formal_board", "shariahOversightSummary": "Shariah advisors include Shaikh Dr. Aznan Hasan and Mufti Faraz Adam.\nBoard continuously monitors compliance methodology.", "shariahBoard": "formal_board", "description": "Musaffa's ETF Finder applies holdings-level Shariah screening to 8,241 ETFs - every constituent tested against the published AAOIFI ratios rather than trusting a fund's label. The verdict at the August 2026 check: just 72 of 3,764 US-listed ETFs rated halal, which is precisely why the tool matters - mainstream funds like VOO, QQQ, and SPY are screened alongside dedicated Islamic products so investors can see exactly why they fail. Ratings update quarterly under a methodology certified by Amanah Advisors and overseen by a sitting AAOIFI Shariah Board member, with C- to A+ grades and compliance filters.", "website": "https://musaffa.com/etf-screener", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Investors comparing halal ETFs - or checking whether the mainstream fund in their 401(k) has a compliant alternative - who want holdings-level AAOIFI screening rather than taking a fund label on trust.", "lastVerified": "2026-08-05", "managementFee": "$0 free tier; $72/year Foundation plan", "features": [ "Holdings-level screening: every constituent tested against published AAOIFI ratios, not just the fund's label", "8,200+ ETFs in the screening universe; 72 of 3,764 US-listed ETFs rated halal at mid-2026 (company-reported)", "Search and compare compliant ETFs alongside mainstream funds (VOO, QQQ, SPY and peers are all screened)", "Methodology certified by Amanah Advisors; advisors include a sitting AAOIFI Shariah Board member", "Halal ratings updated quarterly by Musaffa's analyst team", "Compliance filters by status, C- to A+ grade, and interest-bearing asset/debt limits" ], "pricing": "Free tier covers basic halal-status checks; the Foundation plan at $72/year (marketed as $6/month) unlocks detailed ETF compliance reports, grades, history, and filters (plan structure verified on musaffa.com/pricing 2026-08-05; $72/yr figure per Musaffa pricing retrieved 2026-07-28)." }, { "id": "musaffa-sharia-compliance-stock-screening", "provider": "Musaffa", "providerProfileUrl": "https://www.halalwallet.us/providers/musaffa", "productName": "Musaffa Halal Stock Screener", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Stock Screener", "structure": "Stock Screener", "shariahOversight": "formal_board", "shariahOversightSummary": "Shariah advisors include Shaikh Dr. Aznan Hasan and Mufti Faraz Adam.\nBoard continuously monitors compliance methodology.", "shariahBoard": "formal_board", "description": "Musaffa's stock screener is the research core of a New York fintech (SEC-registered investment adviser, CRD #338525) that has screened 135,030 stocks and 8,241 ETFs across 150+ markets for Shariah compliance, serving a claimed 659,485 users. Every ticker gets a Halal/Doubtful/Not Halal verdict plus a C- to A+ compliance grade under the AAOIFI methodology - independently certified by Amanah Advisors and overseen by Shaikh Dr. Aznan Hasan, a sitting AAOIFI Shariah Board member, with Mufti Faraz Adam. Detailed reports expose the underlying ratios; in the US universe, 1,339 of 6,403 screened stocks rated halal at the August 2026 check.", "website": "https://musaffa.com/stock-screener?page=1&country=US", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2020, "bestFor": "Comprehensive halal stock research", "lastVerified": "2026-08-05", "managementFee": "$0 free tier; $72/year Foundation plan", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Published AAOIFI formulas: ≤5% non-permissible income; interest-bearing assets and debt each ≤30% of trailing 36-month average market value", "Ten-category business screen; must pass all three financial ratios to rate as compliant", "C- to A+ halal grades with up to three years of compliance history per company", "Methodology independently certified by Amanah Advisors, with the certificate displayed", "Purification computed from each company's verified non-permissible income ratio for your holding period", "Coverage of 120,000+ stocks and 8,200+ ETFs across 60 markets (company-reported)" ], "pricing": "Free tier: unlimited basic halal-status screening of 120,000+ global stocks. Foundation plan: $72/year (marketed as $6/month, 1 year free for eligible users) unlocks detailed Shariah reports, C- to A+ ratings, three-year compliance history, MISRI scores, filters, alerts, and portfolio tools (plan structure verified on musaffa.com/pricing 2026-08-05; $72/yr figure per Musaffa pricing retrieved 2026-07-28)." }, { "id": "shariaportfolio-wealth-management-1", "provider": "ShariaPortfolio", "providerProfileUrl": "https://www.halalwallet.us/providers/shariaportfolio", "productName": "ShariaPortfolio Express", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Investment Platform", "structure": "Wealth Management", "shariahOversight": "named_scholar", "shariahOversightSummary": "Sharia Advisor: Shaykh Umer Khan.\nAAOIFI-aligned screening methodology used.", "shariahBoard": "named_scholar", "description": "ShariaPortfolio Express is the robo tier of a boutique halal asset manager founded in 2003 in Lake Mary, Florida - a Sharia-compliant digital wrap program that opens at $1,000 and delivers model portfolios (aggressive, moderate, conservative) designed by the firm's money managers. Screening follows AAOIFI rules including the firm's stricter-than-typical exclusion of music, cinema, and broadcasting, with quarterly compliance rebalancing. Oversight is by named Sharia Advisor Shaykh Umer Khan, a mufti with a Wharton Master's in Finance; automated onboarding feeds a path to upgrade into the advisor-led Access program as assets grow.", "website": "https://shariaportfolio.com/services/express/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2013, "bestFor": "Quick-start halal investment portfolios", "lastVerified": "2026-08-05", "minInvestment": "$1,000", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Sharia-compliant robo-advisor from $1,000 - a sponsored wrap program under Form ADV Part 2A Appendix 1", "Three risk models (aggressive, moderate, conservative) designed by the firm's money managers", "Full AAOIFI screening including the music/cinema/broadcasting exclusion; quarterly compliance rebalancing", "Named Sharia Advisor (Shaykh Umer Khan) oversees screening across the firm", "Published quarterly purification factors and free calculator for the affiliated SP Funds ETFs", "Automated onboarding with a path to transition into the advisor-led Access program as assets grow" ], "pricing": "$1,000 minimum. Express is a sponsored wrap program (Form ADV Part 2A Appendix 1) charged as an asset-based fee; the specific fee percentage is not published on the service page (crawled 2026-08-05) - confirm the current wrap fee before enrolling. The firm's Form CRS describes tiered asset-based fees calculated on prior-quarter account value." }, { "id": "shariaportfolio-institutional-wealth-management", "provider": "ShariaPortfolio", "providerProfileUrl": "https://www.halalwallet.us/providers/shariaportfolio", "productName": "ShariaPortfolio Institutional", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Investment Platform", "structure": "Wealth Management", "shariahOversight": "named_scholar", "shariahOversightSummary": "Sharia Advisor: Shaykh Umer Khan.\nAAOIFI-aligned screening methodology used.", "shariahBoard": "named_scholar", "description": "ShariaPortfolio Institutional is the advisor-facing arm of the Florida halal specialist: financial advisors, plan sponsors, and institutions plug ShariaPortfolio's AAOIFI-screened product menu into their own client relationships. Partner advisors retain their clients and share up to 50% of the advisory fees ShariaPortfolio collects; the firm also serves as investment sub-adviser to registered funds, including SP Funds ETFs alongside Toroso and Exponential ETFs, and supports ERISA plans as a limited-scope 3(21) co-fiduciary. Quarterly compliance rebalancing and per-fund Certificates of Sharia Accreditation cover the underlying products.", "website": "https://shariaportfolio.com/services/institutional/#institutional", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2013, "bestFor": "Employers setting up halal 401(k) plans", "lastVerified": "2026-08-05", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Advisor partner program: partners retain clients and offer ShariaPortfolio's halal product menu", "ShariaPortfolio shares up to 50% of collected advisory fees with partner advisors", "Sub-advisory capability for registered funds - including the SP Funds Dow Jones Global Sukuk ETF alongside Toroso", "AAOIFI screening with quarterly rebalancing removal of non-compliant holdings", "Per-fund Certificates of Sharia Accreditation and Sharia Auditor Reports on the SP Funds ETFs", "Named Sharia Advisor (Shaykh Umer Khan) rather than a multi-member board - disclosed plainly" ], "pricing": "No published rate card - economics are negotiated per partnership, with ShariaPortfolio sharing up to 50% of collected advisory fees with partner advisors (crawled 2026-08-05). End-client costs depend on the partnering advisor's own fee schedule layered on ShariaPortfolio's tiered asset-based fees per the Form CRS." }, { "id": "shariaportfolio-wealth-management", "provider": "ShariaPortfolio", "providerProfileUrl": "https://www.halalwallet.us/providers/shariaportfolio", "productName": "Wealth Management", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Investment Platform", "structure": "Wealth Management", "shariahOversight": "named_scholar", "shariahOversightSummary": "ShariaPortfolio manages all investments in accordance with AAOIFI’s Shariah standards, ensuring every portfolio aligns with halal principles and excluding interest-based or prohibited income sources.", "shariahBoard": "Third Party Certified", "description": "ShariaPortfolio Access is the flagship wealth-management program of the Lake Mary, Florida specialist behind the SP Funds ETFs: a fee-only, fiduciary separately-managed-account service for clients with $100,000 or more, pairing a dedicated personal advisor with customized AAOIFI-screened portfolios of halal stocks and funds. Clients get exclusive access to SP Funds RE, a 100% cash, zero-mortgage private real estate fund for accredited investors (1.20% annual management fee), plus alternative assets, Schwab custody, and the firm's purification and zakat tooling. Sharia oversight is by named advisor Shaykh Umer Khan, with per-fund certificates on the affiliated ETFs.", "website": "https://shariaportfolio.com/services/access/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2013, "bestFor": "Self-directed halal wealth management", "lastVerified": "2026-08-05", "minInvestment": "$100,000", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Dedicated personal advisor with customized AAOIFI-screened portfolios from $100,000", "Fee-only fiduciary structure; Individual, IRA, and Roth IRA accounts supported; Schwab custody", "Exclusive access to SP Funds RE - a 100% cash, zero-mortgage private real estate fund (accredited investors)", "Stricter-than-typical exclusion list including music, cinema, and broadcasting", "Quarterly rebalancing removes non-compliant holdings; free stock screening and zakat tools included", "Named Sharia Advisor (Shaykh Umer Khan, mufti with a Wharton MSF) oversees the methodology" ], "pricing": "$100,000 minimum. Tiered asset-based advisory fee calculated on prior-quarter account value per the firm's Form CRS, with negotiation discretion within tiers; specific tier percentages are not published on the site (crawled 2026-08-05). The affiliated SP Funds RE private real estate fund charges a 1.20% annual management fee (accredited investors, $100K-$1M minimums on private funds)." }, { "id": "spfunds-etf-3", "provider": "SPFunds", "providerProfileUrl": "https://www.halalwallet.us/providers/spfunds", "productName": "SP Funds Dow Jones Global Sukuk ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Sharia compliance overseen by Raqaba LLC as Sharia Advisor.\nAdvises on AAOIFI/Islamic standards; annual audits.", "shariahBoard": "third_party_certified", "description": "SPSK was the first US-listed sukuk ETF (inception December 27, 2019) and remains the cleanest answer to the fixed-income problem in halal portfolios: it tracks the Dow Jones Sukuk Total Return Index, holding investment-grade Islamic certificates whose returns derive from assets rather than interest. At the 2026-08-04 fund page check it held $644.79M in net assets with a 30-day SEC yield of 4.59% - the highest published yield in the SP Funds family - at a 0.50% expense ratio with monthly distributions. No purification is required, per SP Funds' published policy, because sukuk income is not interest.", "website": "https://www.sp-funds.com/spsk/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2019, "bestFor": "Fixed-income diversification via sukuk", "lastVerified": "2026-08-05", "ticker": "SPSK", "expenseRatio": "0.50%", "aum": "$645M (2026-08-04)", "screeningMethod": "Dow Jones Sukuk Total Return Index", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "First US-listed sukuk ETF (December 2019) - tracks the Dow Jones Sukuk Total Return Index", "No purification required: sukuk returns derive from assets, not interest, per SP Funds' published policy", "0.50% expense ratio; NYSE-listed; monthly distributions", "Multi-manager structure: Toroso as adviser, Exponential ETFs and ShariaPortfolio as sub-advisers", "Published Certificate of Sharia Accreditation and Sharia Auditor Report", "The fixed-income ballast of halal portfolios - roughly half of SP Funds' own 2030 target-date fund" ], "pricing": "0.50% expense ratio (verified 2026-08-05 on the fund page; previously listed at 0.55%); no fund-level minimum. Net assets $644.79M; 30-day SEC yield 4.59% as of 07/31/2026. Monthly distributions; no purification required per SP Funds' published policy.", "verdict": { "slug": "spsk-etf", "entityName": "SP Funds Dow Jones Global Sukuk ETF (SPSK)", "verdict": "halal", "summary": "SPSK is Shariah-compliant and is one of the only U.S.-listed sukuk ETFs — a halal alternative to a conventional bond fund. It tracks the Dow Jones Sukuk Total Return Index, holding investment-grade, U.S. dollar-denominated sukuk (Islamic financial certificates structured to comply with Shariah). Because sukuk are compliant by definition, SP Funds states SPSK requires no purification.", "url": "https://www.halalwallet.us/is-it-halal/spsk-etf", "lastReviewed": null } }, { "id": "spfunds-etf-1", "provider": "SPFunds", "providerProfileUrl": "https://www.halalwallet.us/providers/spfunds", "productName": "SP Funds S&P 500 Shariah Industry Exclusions ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Sharia compliance overseen by Raqaba LLC as Sharia Advisor.\nAdvises on AAOIFI/Islamic standards; annual audits.", "shariahBoard": "third_party_certified", "description": "SPUS is the workhorse of American halal investing: roughly 200 S&P 500 companies that pass the S&P 500 Shariah Industry Exclusions Index screens, in a NYSE-listed ETF that has grown to $2.92B in net assets (2026-08-04 fund page). At 0.45% it is among the cheapest halal funds available, with monthly distributions, quarterly purification factors published (Q1 2026: 1.81% of dividends), and per-fund Certificates of Sharia Accreditation. Inception was December 29, 2020; the 30-day SEC yield stood at 0.42% as of 07/31/2026.", "website": "https://www.sp-funds.com/spus/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2019, "bestFor": "Low-cost passive halal index exposure", "lastVerified": "2026-08-05", "ticker": "SPUS", "expenseRatio": "0.45%", "aum": "$2.9B (2026-08-04)", "screeningMethod": "S&P 500 Shariah screening", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "~200 low-leverage S&P 500 companies passing the S&P 500 Shariah Industry Exclusions Index screens", "0.45% expense ratio - the cheapest in the SP Funds family; NYSE-listed with monthly distributions", "Published Certificate of Sharia Accreditation and Sharia Auditor Report", "Quarterly purification factors with free calculator (Q1 2026: 1.81% of dividends)", "Quarterly compliance rebalancing removes names that fail the screens", "IRA and 401(k) eligible; fractional shares from $1-$10 depending on broker" ], "pricing": "0.45% expense ratio; no fund-level minimum (one share or broker fractional). Net assets $2.92B; 30-day SEC yield 0.42% as of 07/31/2026 (verified 2026-08-05). Monthly distributions; quarterly purification factors published free (Q1 2026: 1.81% of dividends).", "verdict": { "slug": "spus-etf", "entityName": "SP Funds S&P 500 Sharia ETF (SPUS)", "verdict": "halal", "summary": "SPUS is Shariah-compliant by design. It tracks a Shariah-screened version of the S&P 500 — holding the constituents that pass sector and AAOIFI financial-ratio screens (around 200+ companies), weighted by market cap — under the supervision of a Shariah board. It is the closest thing to a 'halal S&P 500'. As with any screened fund, a small residual amount of non-compliant income remains, which the fund discloses as a purification ratio (recently ~2% of dividends) for investors to donate.", "url": "https://www.halalwallet.us/is-it-halal/spus-etf", "lastReviewed": "2026-06-15" } }, { "id": "spfunds-etf", "provider": "SPFunds", "providerProfileUrl": "https://www.halalwallet.us/providers/spfunds", "productName": "SP Funds S&P Global REIT Shariah ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Sharia compliance overseen by Raqaba LLC as Sharia Advisor.\nAdvises on AAOIFI/Islamic standards; annual audits.", "shariahBoard": "third_party_certified", "description": "SPRE gives halal portfolios their real estate allocation: a NYSE-listed ETF tracking the S&P Global All Equity REIT Shariah Capped Index, holding roughly 30 REITs worldwide that pass both business-activity and leverage screens - a structural filter that excludes the highly-indebted REITs dominating conventional real estate funds. At the 2026-08-04 fund page check it held $221.41M in net assets with a 2.18% 30-day SEC yield at a 0.50% expense ratio, paying monthly distributions. Purification factors are the family's lowest (Q1 2026: 0.52% of dividends), published quarterly.", "website": "https://www.sp-funds.com/spre/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2019, "bestFor": "Shariah-compliant real estate exposure", "lastVerified": "2026-08-05", "ticker": "SPRE", "expenseRatio": "0.50%", "aum": "$221M (2026-08-04)", "screeningMethod": "S&P Global REIT Shariah screening", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Tracks the S&P Global All Equity REIT Shariah Capped Index - leverage-screened REITs across global markets", "0.50% expense ratio; NYSE-listed; monthly distributions (the highest per-share monthly rate in the SP Funds equity lineup)", "Published Certificate of Sharia Accreditation and Sharia Auditor Report on the fund page", "Lowest purification factors in the family (Q1 2026: 0.52% of dividends), published quarterly with a free calculator", "Structurally excludes highly-levered REITs - a real difference from conventional REIT ETFs", "IRA and 401(k) eligible; fractional shares from $1-$10 depending on broker" ], "pricing": "0.50% expense ratio (verified 2026-08-05 on the fund page; previously listed at 0.55%); no fund-level minimum. Net assets $221.41M; 30-day SEC yield 2.18% as of 07/31/2026. Monthly distributions; quarterly purification factors published (Q1 2026: 0.52% of dividends - the family's lowest).", "verdict": { "slug": "spre-etf", "entityName": "SP Funds S&P Global REIT Sharia ETF (SPRE)", "verdict": "halal", "summary": "SPRE is Shariah-compliant by design. It tracks the S&P Global All Equity REIT Shariah Capped Index — Shariah-screened real estate investment trusts that meet sector, low-debt, permissible-income and cash-level criteria — giving Muslim investors halal real-estate exposure. SP Funds' Shariah screening runs through S&P Dow Jones's Shariah methodology (Ratings Intelligence + a Shariah Supervisory Board), and SP Funds publishes a quarterly purification factor for the small residual income.", "url": "https://www.halalwallet.us/is-it-halal/spre-etf", "lastReviewed": null } }, { "id": "spfunds-etf-2", "provider": "SPFunds", "providerProfileUrl": "https://www.halalwallet.us/providers/spfunds", "productName": "SP Funds S&P Global Technology ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Sharia compliance overseen by Raqaba LLC as Sharia Advisor.\nAdvises on AAOIFI/Islamic standards; annual audits.", "shariahBoard": "third_party_certified", "description": "SPTE is SP Funds' sector bet: the S&P Global 1200 Shariah Information Technology Capped Index in a NYSE-listed ETF, holding roughly 100 technology names across 14 countries - global leaders like Taiwan Semiconductor alongside the US mega-caps. Launched November 30, 2023, it held $216.77M in net assets at the 2026-08-04 fund page check, with a 0.55% expense ratio and monthly distributions. Purification runs are the family's highest (Q1 2026: 2.27% of dividends), published quarterly with a free calculator, and the fund carries its own Certificate of Sharia Accreditation.", "website": "https://www.sp-funds.com/spte/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2019, "bestFor": "Halal technology sector exposure", "lastVerified": "2026-08-05", "ticker": "SPTE", "expenseRatio": "0.55%", "aum": "$217M (2026-08-04)", "screeningMethod": "S&P Global Technology Shariah screening", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Tracks the S&P Global 1200 Shariah IT Capped Index - 102 constituents from 14 countries (March 2026)", "Global reach adds non-US leaders like Taiwan Semiconductor to the usual US mega-caps", "0.55% expense ratio; NYSE-listed; monthly distributions", "Published Certificate of Sharia Accreditation and Sharia Auditor Report", "Highest purification factors in the family (Q1 2026: 2.27% of dividends) - published quarterly with a free calculator", "IRA and 401(k) eligible; fractional shares from $1-$10 depending on broker" ], "pricing": "0.55% expense ratio; no fund-level minimum. Net assets $216.77M; 30-day SEC yield 0.11% as of 07/31/2026 (verified 2026-08-05). Monthly distributions; quarterly purification factors published (Q1 2026: 2.27% of dividends - the highest in the SP Funds family).", "verdict": { "slug": "spte-etf", "entityName": "SP Funds S&P Global Technology ETF (SPTE)", "verdict": "halal", "summary": "SPTE is Shariah-compliant by design. It gives Muslim investors screened, global technology exposure — tracking a Shariah-screened global technology index under SP Funds' S&P Dow Jones Shariah methodology (Ratings Intelligence + a Shariah Supervisory Board). Technology is where most of the compliant large-cap universe already sits, so SPTE concentrates that. SP Funds publishes a quarterly purification factor for the small residual income.", "url": "https://www.halalwallet.us/is-it-halal/spte-etf", "lastReviewed": null } }, { "id": "spfunds-etf-4", "provider": "SPFunds", "providerProfileUrl": "https://www.halalwallet.us/providers/spfunds", "productName": "SP Funds S&P World ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Sharia compliance overseen by Raqaba LLC as Sharia Advisor.\nAdvises on AAOIFI/Islamic standards; annual audits.", "shariahBoard": "third_party_certified", "description": "SPWO completes the halal three-fund portfolio: a NYSE-listed ETF tracking the S&P Developed Markets Ex-US & Emerging Markets 50/50 Shariah Index, spreading roughly 400-500 holdings across dozens of countries as the international sleeve alongside SPUS (US equity) and SPSK (sukuk). At the 2026-08-04 fund page check it held $200.07M in net assets at a 0.45% expense ratio - matching SPUS as the family's cheapest - with monthly distributions and a 0.77% 30-day SEC yield. Quarterly purification factors are published (Q1 2026: 1.55% of dividends) with the standard SP Funds compliance documentation.", "website": "https://www.sp-funds.com/spwo/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2019, "bestFor": "Broadest global halal equity exposure", "lastVerified": "2026-08-05", "ticker": "SPWO", "expenseRatio": "0.45%", "aum": "$200M (2026-08-04)", "screeningMethod": "S&P World Shariah screening", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Tracks the S&P DM Ex-US & EM 50/50 Shariah Index - ~500 constituents across 42 countries", "The international sleeve of the halal three-fund portfolio (SPUS + SPSK + SPWO)", "NYSE-listed with monthly distributions", "Published Certificate of Sharia Accreditation and Sharia Auditor Report", "Quarterly purification factors published with a free calculator (Q1 2026: 1.55% of dividends)", "IRA and 401(k) eligible; fractional shares from $1-$10 depending on broker" ], "pricing": "0.45% expense ratio (verified 2026-08-05 on the fund page; previously listed at 0.55%); no fund-level minimum. Net assets $200.07M; 30-day SEC yield 0.77% as of 07/31/2026. Monthly distributions; quarterly purification factors published (Q1 2026: 1.55% of dividends).", "verdict": { "slug": "spwo-etf", "entityName": "SP Funds S&P World ETF (SPWO)", "verdict": "halal", "summary": "SPWO is Shariah-compliant by design. It gives Muslim investors broad, screened global equity exposure — developed and emerging markets — under SP Funds' S&P Dow Jones Shariah methodology (Ratings Intelligence + a Shariah Supervisory Board). It is effectively a 'halal world stock' fund for diversification beyond the U.S. SP Funds publishes a quarterly purification factor for the small residual income.", "url": "https://www.halalwallet.us/is-it-halal/spwo-etf", "lastReviewed": null } }, { "id": "wahed-invest-etf-1", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "Wahed Dow Jones Islamic World ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified by Shariyah Review Bureau (SRB) (2024).\nSigned by Dr. Aznan Hasan (SRB).", "shariahBoard": "third_party_certified", "description": "UMMA is the international half of Wahed's ETF pair: Nasdaq-listed since January 7, 2022, actively managed in loose reference to the Dow Jones Islamic Market International Titans 100 Index, holding roughly 100 Shariah-compliant large caps across developed and emerging markets outside the US. Wahed markets it as the first US-listed Islamic ETF to formally incorporate ESG data into investment decisions. The 0.65% total expense ratio buys quarterly distributions, quarterly purification amounts published on the fund page, a per-fund fatwa, and published Shariah Supervisory Board reports for 2022 through 2024.", "website": "https://www.wahed.com/umma", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "International (non-US) halal equity exposure", "lastVerified": "2026-08-13", "ticker": "UMMA", "expenseRatio": "0.65%", "aum": "$0.2B", "screeningMethod": "Dow Jones Islamic World Index", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Loosely tracks the Dow Jones Islamic Market International Titans 100 - developed and emerging markets outside the US", "0.65% expense ratio; Nasdaq-listed since January 7, 2022; quarterly distributions", "Quarterly purification amounts on dividends published on the fund page", "Per-fund fatwa plus Shariah Supervisory Board reports published for 2022-2024", "Wahed markets it as the first US-listed Islamic ETF formally incorporating ESG data (company claim)", "Pairs with HLAL to complete a two-fund global halal equity core" ], "pricing": "0.65% total expense ratio (verified on wahed.com/umma 2026-08-05); no fund-level minimum. Roughly $0.2B AUM. Quarterly distributions; quarterly purification amounts published on the fund page.", "verdict": { "slug": "umma-etf", "entityName": "Wahed Dow Jones Islamic World ETF (UMMA)", "verdict": "halal", "summary": "UMMA is Shariah-compliant by design. Managed by Wahed, it is an actively managed ETF giving Muslim investors screened international (ex-U.S.) equity exposure across developed and emerging markets, tracking the Dow Jones Islamic Market International Titans 100 Index. It is certified to AAOIFI standards by the Shariyah Review Bureau (debt under 30% of assets, cash + interest-bearing securities under 30%, non-permissible income under 5%), and Wahed publishes an annual purification amount. It is the international complement to Wahed's U.S. fund, HLAL.", "url": "https://www.halalwallet.us/is-it-halal/umma-etf", "lastReviewed": null } }, { "id": "wahed-invest-etf", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "Wahed FTSE USA Shariah ETF", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "ETF", "structure": "Index-based", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified by Shariyah Review Bureau (SRB) (2024).\nSigned by Dr. Aznan Hasan (SRB).", "shariahBoard": "third_party_certified", "description": "HLAL is Wahed's flagship US-equity Islamic ETF: Nasdaq-listed since July 16, 2019, passively tracking the FTSE Shariah USA Index - large and mid-cap US stocks screened by Yasaar Limited and certified through fatwa - at a 0.50% total expense ratio. It has grown to roughly $752M, making it the second-largest halal ETF after SPUS, with quarterly rebalancing, annual distributions, and quarterly purification amounts published on the fund page. The fund carries its own Shariah certificate plus published Shariah Supervisory Board reports covering 2021 through 2024, with U.S. Bank as custodian.", "website": "https://www.wahed.com/hlal", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "US halal equity with strong brand recognition", "lastVerified": "2026-08-13", "ticker": "HLAL", "expenseRatio": "0.50%", "aum": "$752M", "screeningMethod": "FTSE Shariah Index", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Tracks the FTSE Shariah USA Index - screening by Yasaar Limited, certified through a fatwa from Yasaar's principals", "0.50% expense ratio; Nasdaq-listed since July 16, 2019", "Quarterly purification amounts on dividends published on the fund page", "Per-fund Shariah certificate plus Shariah Supervisory Board reports published for 2021-2024", "Annual distributions; U.S. Bank custody; series of the Listed Funds Trust", "Usable as the US-equity sleeve inside or outside Wahed's managed portfolios" ], "pricing": "0.50% total expense ratio (verified on wahed.com/hlal 2026-08-05); no fund-level minimum (one share or broker fractional). Roughly $752M AUM (July 2026). Annual distributions; quarterly purification amounts published on the fund page.", "verdict": { "slug": "hlal-etf", "entityName": "Wahed FTSE USA Shariah ETF (HLAL)", "verdict": "halal", "summary": "HLAL is Shariah-compliant by design. Managed by Wahed, it tracks the FTSE USA Shariah Index — a screened, broad U.S. large/mid-cap basket (~200+ holdings) that removes impermissible sectors and companies breaching the financial-ratio limits — under Wahed's Shariah supervisory board. It is heavily technology-weighted and is one of the two default halal U.S. equity ETFs alongside SPUS. A published purification ratio handles the small residual non-compliant income.", "url": "https://www.halalwallet.us/is-it-halal/hlal-etf", "lastReviewed": "2026-06-15" } }, { "id": "wahed-invest-wealth-management", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "Wahed Invest Robo-Advisor", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Investment Platform", "structure": "Robo-Advisor", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified by Shariyah Review Bureau (SRB) (2024).\nSigned by Dr. Aznan Hasan (SRB).", "shariahBoard": "third_party_certified", "description": "Wahed's robo-advisor is the most established automated halal investing platform in the US: an SEC-registered adviser (founded 2015, New York) running six managed risk tiers built exclusively from Shariah-screened components - Wahed's own equity ETFs, sukuk, gold, and the KWIN alternative-income ETF - from a $100 minimum. The all-in wrap fee is 0.49% plus $60/year below $100,000, flattening to 0.49% above; portfolios rebalance automatically and the platform bundles zakat calculation and annual purification reporting. Compliance runs through a three-scholar Shariah board with Shariyah Review Bureau as external advisor and published annual board reports.", "website": "https://www.wahed.com/investing", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "Hands-off investors who want automation", "lastVerified": "2026-08-13", "managementFee": "0.49% + $60/yr (<$100K); 0.49% ($100K+)", "minInvestment": "$100", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Six managed risk tiers built solely from Shariah-screened ETFs, sukuk, and gold - published asset mixes per tier", "$100 minimum; all-in wrap fee of 0.49% + $60/year, flattening to 0.49% at $100,000", "Quarterly purification amounts published, annual purification reporting, and a built-in zakat calculator", "Named three-scholar Shariah board, Shariyah Review Bureau external review, annual board reports published 2019-2024", "Taxable, Traditional, Roth, SEP, and Rollover IRA accounts under one dashboard", "Assets custodied in your name at Apex Clearing with SIPC protection up to $500,000" ], "pricing": "Wrap fee: 0.49% of AUM + $60/year under $100,000; 0.49% flat at $100,000+ (verified on wahed.com/pricing 2026-08-05). $100 minimum. No deposit, withdrawal, or closure fees; underlying ETF expense ratios are extra, though Wahed states it does not double-charge on its own ETFs inside portfolios. Note: an older 0.79%/0.49% tier schedule still appears in the client agreement on the legal page." }, { "id": "wahed-real-estate-fund", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "Wahed Real Estate Fund", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Real Estate Fund", "structure": "Zero-debt single-family rental fund (100% equity)", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified and continuously monitored by the Shariyah Review Bureau (SRB), with ongoing review by Wahed's internal Shariah team; zero-debt, 100% equity structure with no interest at any level.", "shariahBoard": "third_party_certified", "description": "The Wahed Real Estate Fund, launched April 30, 2026, is the first Shariah-compliant single-family residential real estate fund in the US open to non-accredited investors. From $100 (10 shares), investors get pooled exposure to a professionally managed portfolio of single-family rental homes, initially concentrated in Texas, North Carolina, and Michigan, building toward a $75 million target portfolio. Every property is acquired with 100% equity: zero debt, zero leverage, no lender claim at any level, versus the 30-35% debt ratios many 'Shariah-compliant' real estate structures permit. Returns come from quarterly rental income distributions plus long-term property appreciation, with a stated target of 5-7% annual net returns.", "website": "https://www.wahed.com/real-estate/fund", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "Halal real estate exposure without a mortgage, from $100", "lastVerified": "2026-08-13", "managementFee": "0.75% of AUM annually + 3% sourcing fee per property acquisition; no performance fees", "minInvestment": "$100 (10 shares); no accredited investor requirement; open to US residents 18+ with a US bank account", "screeningMethod": "Structural compliance rather than stock screening: zero-debt policy (100% equity acquisitions), income solely from residential rent and appreciation, SRB-certified with ongoing internal monitoring", "features": [ "First Shariah-compliant single-family residential fund in the US open to non-accredited investors (launched April 30, 2026)", "Zero debt at every level: 100% equity-financed acquisitions, no leverage, no lender claims", "Quarterly rental income distributions paid to your bank account, proportional to your shares", "$100 minimum (10 shares) through the Wahed app", "Targets $300K-$1M homes in markets with strong job growth, starting in Texas, North Carolina, and Michigan", "Certified by the Shariyah Review Bureau with a published Shariah certificate and ongoing internal monitoring", "Structured liquidity: semi-annual redemption windows (July and December) after a six-month hold", "Building toward a $75 million diversified portfolio of single-family rentals" ], "pricing": "Minimum $100 (10 shares). Annual management fee 0.75% of assets under management plus a 3% sourcing fee on each property acquisition; no performance fees or hidden costs (verified on the fund page and fee guide 2026-08-05). Quarterly rental distributions credited to your bank account; the first distribution can take up to 120 days and mid-cycle investments are prorated. Liquidity: after a six-month holding period, semi-annual redemption windows open in July and December (requests due one month ahead), processed at NAV with a tiered fee schedule based on holding period and a 10%-of-your-NAV cap per cycle, first-come first-served. Target 5-7% annual net returns (not guaranteed). Full terms in the Offering Circular." }, { "id": "zoya-brokerage-account-integration", "provider": "Zoya", "providerProfileUrl": "https://www.halalwallet.us/providers/zoya", "productName": "Zoya Brokerage Integration", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Brokerage", "structure": "Stock Screener", "shariahOversight": "named_scholar", "shariahOversightSummary": "Shariah Advisors: Sheikh Joe Bradford & Sheikh Umer Khan.\nOversee screening methodology.", "shariahBoard": "named_scholar", "description": "Zoya's brokerage integration solves the maintenance problem in halal investing: portfolios drift out of compliance as companies' revenues and balance sheets change. Users link existing accounts read-only via Plaid - Zoya never sees credentials or custodies assets - and holdings sync twice daily against the screening engine, with alerts when any position's status changes. Company-reported connected assets crossed $1B in May 2026 across 400,000+ users. For action, order pass-through covers seven brokers (Alpaca, Tastytrade, Public, Webull US, Wealthsimple, Questrade, Stake), and scholar-guided remediation covers sale timing and purification when holdings turn non-compliant.", "website": "https://zoya.finance/?c=halalwallet&source_caller=ui&is_retargeting=true&pid=affiliates&af_xp=custom&af_reengagement_window=30d&shortlink=halalwallet&af_dp=zoya%3A%2F%2F", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2020, "bestFor": "Monitoring existing brokerage for halal compliance", "lastVerified": "2026-08-05", "managementFee": "$14.99/month or $119.99/year", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "Read-only account linking via Plaid - Zoya never sees credentials or custodies assets", "Holdings synced twice daily and re-screened continuously, with alerts on compliance changes", "Trading pass-through at seven brokers including Alpaca, Public, Webull, Wealthsimple, and Questrade", "Scholar-grounded guidance when holdings turn non-compliant: immediate sale or fund-board-style grace period, plus purification", "Tracks brokerage, retirement, crypto, 529, and HSA accounts (per Zoya's supported account types)", "Free tier links one account; Pro links unlimited accounts with on-demand syncing" ], "pricing": "Requires Zoya Pro for full use: $14.99/month or $119.99/year US app-store pricing (verified via Zoya's help center 2026-08-05), or pay-what-you-think-is-fair (~$9-$11/month anchors) through the web checkout. Free tier links one account with limited features; Pro links unlimited accounts with on-demand syncing." }, { "id": "zoya-sharia-compliance-stock-screening", "provider": "Zoya", "providerProfileUrl": "https://www.halalwallet.us/providers/zoya", "productName": "Zoya Stock Screener", "category": "Investing", "categoryHubUrl": "https://www.halalwallet.us/investing", "productType": "Stock Screener", "structure": "Stock Screener", "shariahOversight": "named_scholar", "shariahOversightSummary": "Shariah Advisors: Sheikh Joe Bradford & Sheikh Umer Khan.\nOversee screening methodology.", "shariahBoard": "named_scholar", "description": "Zoya's screener is the best-known compliance research tool in halal investing: Shariah verdicts on 30,000+ stocks (company materials cite up to 60,000 instruments including funds) across 13 markets, run by Investroo Inc. with methodology guidance from Sheikh Joe Bradford - an AAOIFI-certified adviser and former Al Rajhi Bank sharia consultant - and Sheikh Umer Khan. AAOIFI screening is the default (over 5% non-permissible revenue or 30%+ interest-bearing debt/securities fails), with Pro users able to switch between S&P, MSCI, Dow Jones, and FTSE Russell rulebooks on the same ticker. Full reports expose the actual ratios so users can verify rather than trust.", "website": "https://zoya.finance/?c=halalwallet&source_caller=ui&is_retargeting=true&pid=affiliates&af_xp=custom&af_reengagement_window=30d&shortlink=halalwallet&af_dp=zoya%3A%2F%2F", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2020, "bestFor": "DIY halal stock pickers", "lastVerified": "2026-08-05", "managementFee": "$14.99/month or $119.99/year", "screeningMethod": "AAOIFI standards", "accountTypes": [ "Individual", "IRA", "Roth IRA" ], "features": [ "AAOIFI screening by default (≤5% non-permissible revenue; interest-bearing debt and securities each under 30% of market cap)", "Full reports expose actual ratios and segment-level revenue breakdowns - verify, don't trust", "Pro adds S&P, MSCI, Dow Jones, and FTSE Russell Shariah rulebooks on the same stock", "'Questionable' rating for gray-area industries instead of forced verdicts", "Compliance re-rated on each company's reporting cycle, with email alerts on status changes for Pro users", "Covers stocks in 13 markets; ETF and mutual fund screening for the US market" ], "pricing": "Free tier: AAOIFI compliance status only, fund screening limited to top-10 holdings, one linked account. Zoya Pro: $14.99/month or $119.99/year US app-store pricing (verified via Zoya's help center 2026-08-05); the web checkout instead runs pay-what-you-think-is-fair with $9-$11/month anchors - checking out on the web can cost meaningfully less than the app stores." }, { "id": "shariaportfolio-401k", "provider": "ShariaPortfolio", "providerProfileUrl": "https://www.halalwallet.us/providers/shariaportfolio", "productName": "401(k)", "category": "Retirement", "categoryHubUrl": "https://www.halalwallet.us/retirement", "structure": "Wealth Management", "shariahOversight": "named_scholar", "shariahOversightSummary": "Sharia Advisor: Shaykh Umer Khan.\nAAOIFI-aligned screening methodology used.", "shariahBoard": "named_scholar", "description": "ShariaPortfolio's 401(k) service brings AAOIFI-screened investing to the account where most American Muslims hold most of their wealth - the employer plan. Delivered turnkey with recordkeeping partner ePlan, a conventional plan can start conversion online in about 15 minutes, with roughly two months end to end. ShariaPortfolio serves as a limited-scope 3(21) co-fiduciary advising on menu design, screening excludes preferred shares, interest-paying securities, and companies failing AAOIFI ratios (including the firm's stricter music/cinema/broadcasting exclusion), and non-compliant holdings are removed at quarterly rebalancing. Standard tax deferral and employer matching stay intact.", "website": "https://shariaportfolio.com/services/401k/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2013, "bestFor": "401(k) plans, institutional", "lastVerified": "2026-08-05", "features": [ "Turnkey halal 401(k) with recordkeeping through partner ePlan; 15-minute online conversion, roughly two months end to end", "ShariaPortfolio acts as limited-scope 3(21) co-fiduciary - advice on menu design, no discretion taken", "AAOIFI screening including the stricter music/cinema/broadcasting exclusion; no preferred shares or interest-paying securities", "Non-compliant holdings removed at quarterly rebalancing, with interim action for material breaches", "Named Sharia Advisor (Shaykh Umer Khan - mufti with a Wharton Master's in Finance) since October 2022", "Keeps standard 401(k) tax deferral and employer matching intact" ], "pricing": "No published plan pricing - sponsor costs (recordkeeping via ePlan, advisory fees per ShariaPortfolio's tiered schedule) are quoted per plan and not listed on the service page (crawled 2026-08-05). Employee-side costs depend on the fund lineup the sponsor adopts. Confirm total plan cost and per-participant fees with the firm before conversion." }, { "id": "wahed-invest-roth-ira", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "Roth IRA", "category": "Retirement", "categoryHubUrl": "https://www.halalwallet.us/retirement", "structure": "Robo-Advisor", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified by Shariyah Review Bureau (SRB) (2024).\nSigned by Dr. Aznan Hasan (SRB).", "shariahBoard": "third_party_certified", "description": "Wahed's Roth IRA wraps the platform's managed halal portfolios in the US tax code's most generous retirement structure: after-tax contributions, tax-free qualified withdrawals, and contributions accessible without penalty. From a $100 minimum, savers get one of six risk tiers built from Shariah-screened Wahed equity ETFs, sukuk, gold, and the KWIN income ETF, automatically rebalanced, with assets held in their own name at Apex Clearing (SIPC-protected). The compliance file includes a three-scholar Shariah board, Shariyah Review Bureau external review, published annual board reports, and quarterly purification amounts.", "website": "https://www.wahed.com/retirement", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "All-in-one halal investing app", "lastVerified": "2026-08-13", "managementFee": "0.49% + $60/yr (<$100K); 0.49% ($100K+)", "minInvestment": "$100", "features": [ "After-tax contributions, tax-free qualified withdrawals - inside fully Shariah-screened managed portfolios", "$100 minimum; six risk tiers spanning Wahed equity ETFs, sukuk, gold, and the KWIN income ETF", "Quarterly purification amounts published, with simple annual purification reporting", "Named three-scholar Shariah board, Shariyah Review Bureau external review, and published annual board reports (2019-2024)", "Assets held in your name at Apex Clearing (SIPC protection up to $500,000)", "Automatic rebalancing on deposits, withdrawals, risk-profile changes, and major volatility" ], "pricing": "Wrap fee: 0.49% of AUM + $60/year under $100,000; 0.49% flat at $100,000+ (verified on wahed.com/pricing 2026-08-05). $100 minimum. No deposit, withdrawal, or closure fees; underlying ETF expense ratios extra. Roth contribution and income limits follow IRS rules." }, { "id": "wahed-invest-sep-ira", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "SEP IRA", "category": "Retirement", "categoryHubUrl": "https://www.halalwallet.us/retirement", "structure": "Robo-Advisor", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified by Shariyah Review Bureau (SRB) (2024).\nSigned by Dr. Aznan Hasan (SRB).", "shariahBoard": "third_party_certified", "description": "Wahed's SEP IRA gives self-employed Muslims and small-business owners the higher contribution ceilings of an employer-funded retirement plan with fully halal contents: the same six managed risk tiers as Wahed's core robo service, built from Shariah-screened Wahed equity ETFs, sukuk, gold, and the KWIN alternative-income ETF. Accounts open from $100, accept rollovers from prior employer plans (401(k)/403(b)/457) and IRA transfers, and sit in the client's name at Apex Clearing with SIPC protection. Compliance runs through Wahed's three-scholar Shariah board with Shariyah Review Bureau as external advisor and quarterly purification reporting.", "website": "https://www.wahed.com/retirement", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "All-in-one halal investing app", "lastVerified": "2026-08-13", "managementFee": "0.49% + $60/yr (<$100K); 0.49% ($100K+)", "minInvestment": "$100", "features": [ "SEP contribution limits for the self-employed and small-business owners, with fully Shariah-screened contents", "$100 minimum to open; portfolios span Wahed equity ETFs, sukuk, gold, and the KWIN income ETF", "Rollovers and transfers accepted from prior employer plans (401(k)/403(b)/457) and other IRAs", "Published quarterly purification amounts plus annual purification reporting", "Three named scholars on the Shariah board, external review by Shariyah Review Bureau, annual reports published 2019-2024", "Custody at Apex Clearing in your own name; SIPC protection up to $500,000" ], "pricing": "Wrap fee: 0.49% of AUM + $60/year under $100,000; 0.49% flat at $100,000+ (verified on wahed.com/pricing 2026-08-05). $100 minimum to activate. No deposit, withdrawal, or closure fees; underlying ETF expense ratios extra. SEP contribution limits follow IRS rules for employer contributions." }, { "id": "wahed-invest-traditional-ira", "provider": "Wahed Invest", "providerProfileUrl": "https://www.halalwallet.us/providers/wahed-invest", "productName": "Traditional IRA", "category": "Retirement", "categoryHubUrl": "https://www.halalwallet.us/retirement", "structure": "Robo-Advisor", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Certified by Shariyah Review Bureau (SRB) (2024).\nSigned by Dr. Aznan Hasan (SRB).", "shariahBoard": "third_party_certified", "description": "Wahed's Traditional IRA delivers tax-deferred halal retirement saving through the platform's managed portfolios: pre-tax (or deductible) contributions grow untaxed until withdrawal, invested across six risk tiers of Shariah-screened Wahed equity ETFs, sukuk, gold, and the KWIN income ETF. Accounts activate from $100, accept rollovers from employer plans and transfers from other IRAs, and hold assets in the client's name at Apex Clearing with SIPC protection. Governance includes three named board scholars, Shariyah Review Bureau external review, published annual reports, quarterly purification amounts, and a built-in zakat calculator.", "website": "https://www.wahed.com/retirement", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2015, "bestFor": "All-in-one halal investing app", "lastVerified": "2026-08-13", "managementFee": "0.49% + $60/yr (<$100K); 0.49% ($100K+)", "minInvestment": "$100", "features": [ "Pre-tax contributions grow tax-deferred inside fully Shariah-screened managed portfolios", "Rollover path for old employer plans (401(k)/403(b)/457) and existing IRAs", "$100 minimum; six risk tiers from sukuk-heavy conservative to all-equity aggressive", "Quarterly purification amounts published; annual purification reporting included", "Named three-scholar Shariah board with Shariyah Review Bureau external review and published reports (2019-2024)", "Automatic rebalancing; dividends reinvested automatically" ], "pricing": "Wrap fee: 0.49% of AUM + $60/year under $100,000; 0.49% flat at $100,000+ (verified on wahed.com/pricing 2026-08-05). $100 minimum. No deposit, withdrawal, or closure fees; underlying ETF expense ratios extra. Traditional IRA deduction and contribution limits follow IRS rules." }, { "id": "bank-of-whittier-auto-financing", "provider": "Bank of Whittier", "providerProfileUrl": "https://www.halalwallet.us/providers/bank-of-whittier", "productName": "RF Automobile Financing (New Cars)", "category": "Vehicle Financing", "categoryHubUrl": "https://www.halalwallet.us/auto-financing", "structure": "RF (Riba Free) financing, LARIBA discipline", "structureSlugs": [ "musharakah" ], "shariahOversight": "third_party_certified", "shariahOversightSummary": "LARIBA RF discipline with annual Raqaba LLC Shari'aa audits.", "shariahBoard": "third_party_certified", "description": "Riba-free automobile financing from Bank of Whittier, N.A., offered for new car purchases only under the bank's RF (Riba Free) discipline. The financing follows the LARIBA approach of investing in the vehicle's use value rather than renting money, documented on standard regulatory contracts with the bank's RF process rider. Available in all 50 states through the internet-operated bank.", "website": "https://www.bankofwhittier.com/open-personal-account", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 1998, "bestFor": "New car buyers wanting bank financing without riba", "lastVerified": "2026-08-05", "vehicleTypes": [ "New cars" ], "features": [ "Riba-free new car financing from an FDIC-insured national bank", "All 50 states via the internet-operated bank", "LARIBA RF discipline with annual Raqaba LLC audits" ], "pricing": "No published rates or terms; the site specifies new car financing only (verified 2026-08-05). Contact the bank for quotes. Ownership note: University Bancorp (OTCQB: UNIB), parent of University Bank and UIF Corporation, received all regulatory approvals in May 2026 to acquire 100% of Greater Pacific Bancshares, Bank of Whittier's holding company, with closing scheduled July 1, 2026 and the bank continuing as a separate wholly owned subsidiary." }, { "id": "ijara-community-development-auto-financing", "provider": "IjaraCDC", "providerProfileUrl": "https://www.halalwallet.us/providers/ijara-community-development", "productName": "Auto Financing", "category": "Vehicle Financing", "categoryHubUrl": "https://www.halalwallet.us/auto-financing", "productType": "Auto Conversion", "structure": "Ijara", "structureSlugs": [ "ijara" ], "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Advisory Board chaired by Mufti Muneer Akhoon.\nShaykh Mufti Mohammed-Umer Esmail serves as advisor.", "shariahBoard": "formal_board", "description": "Auto Conversion Program: converts an existing interest-bearing car loan into a riba-free Ijara (rent-on-property) structure - the car is placed in a trust and the loan restructured, with the same payment and term. One-time $295 fee plus $7.50/month admin fee. Not purchase financing: IjaraCDC's own site lists \"Islamic Auto Finance\" as coming soon and not currently available.", "website": "https://form.jotform.com/261095455011450", "nationwide": true, "stateCount": 50, "states": [ "All 50 states" ], "founded": 2005, "bestFor": "Converting an existing car loan to a halal structure", "lastVerified": "2026-08-13", "monthlyFee": "$7.50/month administration fee", "vehicleTypes": [ "Conversion of existing auto loans (any vehicle with a loan)" ], "minDownPayment": "N/A - converts your existing loan", "maxLoanAmount": "N/A - wraps your existing loan", "termOptions": [ "Keeps your existing loan's rate and term" ], "minCreditScore": "No minimum (no credit check required)", "features": [ "Converts an existing interest-bearing car loan into a riba-free Ijara - the car is placed in a single-asset trust", "Same payment and same term - only the structure changes", "No new loan and no credit check", "One-time $295 fee plus $7.50/month administration fee", "Purchase financing ('Islamic Auto Finance') listed as coming soon - this is a conversion program only" ], "pricing": "Transparent flat pricing: a one-time $295 conversion fee plus a $7.50/month administration fee (verified 2026-08-05). Your existing loan's payment and term stay the same - the conversion changes the structure, not the economics, so the total cost is your current loan plus those fees. No credit check, appraisal, or income documentation." }, { "id": "jafari-credit-union-auto-financing", "provider": "Jafari Credit Union", "providerProfileUrl": "https://www.halalwallet.us/providers/jafari-credit-union", "productName": "Auto Financing", "category": "Vehicle Financing", "categoryHubUrl": "https://www.halalwallet.us/auto-financing", "structure": "Qard Hasan", "structureSlugs": [ "qard-hasan" ], "shariahOversight": "no_public_review", "shariahOversightSummary": "No formal Shariah board or fatwa published on site.\nOperates as a no-interest credit union model.", "shariahBoard": "no_public_review", "description": "0% refinancing of an existing interest-bearing auto loan on your primary vehicle - Jafari pays off the loan and you repay only the principal, up to $35,000. Requires 3+ on-time payments on the loan being replaced and a rate at or above the credit union's published minimum; collateral is an auto titled in Texas or Florida (15 model years or newer) or credit-union shares. Run by volunteers, insured by the NCUA, and funded by member fees and donations, the Houston-based cooperative has saved members a documented $1.15M in interest since inception.", "website": "https://www.jafaricu.com/", "nationwide": false, "stateCount": 1, "states": [ "TX" ], "founded": 2016, "bestFor": "Interest-free auto refinancing in Texas", "lastVerified": "2026-08-05", "vehicleTypes": [ "Used (Refinance)" ], "maxLoanAmount": "$35,000", "termOptions": [ "Custom terms" ], "features": [ "0% refinancing of an existing auto loan on your primary vehicle - principal-only repayment", "Requires 3+ on-time payments on the loan being replaced and a rate at or above the CU's published minimum", "Flat fees instead of interest: $25 short application, $50–$75 full application, $300 refundable deposit per loan", "Collateral: autos titled in Texas or Florida (15 model years or newer) or CU shares", "NCUA-insured, Texas state-chartered credit union run entirely by volunteers" ], "pricing": "True 0% - principal-only repayment on refinanced auto loans up to $35,000 (verified 2026-08-05). Flat fees instead of interest: $25 short application, $50-$75 full application, $300 refundable deposit per loan. Requires 3+ on-time payments on the loan being replaced and a rate at or above the credit union's published minimum." }, { "id": "university-islamic-financial-corporation-auto-financing", "provider": "UIF", "providerProfileUrl": "https://www.halalwallet.us/providers/uif", "productName": "Auto Financing", "category": "Vehicle Financing", "categoryHubUrl": "https://www.halalwallet.us/auto-financing", "structure": "Hybrid Partnership–Installment Sale", "shariahOversight": "formal_board", "shariahOversightSummary": "Sharia Supervisory Board chaired by Sheikh Nizam Yaquby.\nBoard reviews/approves UIF programs; fatwas + audits published.", "shariahBoard": "Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Hussein Hamed Hassan", "description": "Full halal auto financing for new and used vehicles in MI, IL, OH, and TX, using a hybrid Partnership-Installment Sale structure: a Joint Purchase Agreement appoints you as UIF's buying agent, then converts into an installment sale. Finance $10,000-$150,000 on new vehicles (up to 72 months) and $10,000-$100,000 on used, from dealerships or private parties, including lease buyouts. Title is in your name at closing with UIF as lien holder, approval runs 24-48 hours, and early payoff collects only principal plus profit earned to date - remaining unearned profit is forgiven.", "website": "https://www.myuif.com/vehicle-financing/", "nationwide": false, "stateCount": 4, "states": [ "IL", "MI", "OH", "TX" ], "founded": 2006, "bestFor": "Full auto financing - new & used vehicles (MI, IL, OH, TX)", "lastVerified": "2026-08-13", "vehicleTypes": [ "New", "Used" ], "minDownPayment": "5%", "maxLoanAmount": "$150,000", "termOptions": [ "24 months", "36 months", "48 months", "60 months", "72 months" ], "minCreditScore": "620+", "terms": [ "Up to 72 months (6 years)" ], "features": [ "No prepayment penalty", "New (2025–2026): $10,000–$150,000, up to 72 months, 90% max LTV", "Used (2021–2026): $10,000–$100,000, up to 72 months (0–2 yrs old) or 60 months (3–5 yrs old), 90% max LTV", "Used (2017–2020): $10,000–$75,000, up to 48 months, 90% max LTV", "Purchase and lease buyout financing (refinance option coming soon)", "Buy from dealerships or private parties", "$349 processing fee (included in APR calculation)", "Approval within 24-48 hours of submitting application, proof of income, and driver's license", "Customer takes title to the vehicle at closing with UIF as lien holder", "ACH autopay via Pre-Authorized Transfer Agreement at closing (strongly encouraged); first payment due 30 days after closing", "Sell or pay off early anytime - only principal plus profit earned to date is collected, remaining unearned profit is forgiven", "Transparent payment schedule at closing showing base price payment, profit portion, and remaining installment balance" ], "pricing": "Published example: $45,000 financed over 72 months at a 7.79% profit rate = 8.069% APR = $784.39/month minimum (760+ credit, new vehicle, up to 95% LTV) (verified 2026-08-05). The $349 processing fee is included in the APR calculation; flat $15 late fee after a 10-day grace period, donated to charity; no prepayment penalty; 5% minimum down." }, { "id": "bayaani-islamic-prenup", "provider": "Bayaani", "providerProfileUrl": "https://www.halalwallet.us/providers/bayaani", "productName": "Islamic Prenup & Postnup", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Prenup", "shariahOversight": "named_scholar", "shariahOversightSummary": "Endorsed by Sh. Hamzah Raza and Imam Farhan Siddiqi (one-line endorsements); no documented scholarly review or drafting attorney is published.", "shariahBoard": "no_public_review", "description": "Self-serve Islamic prenup and postnup generator: build and review the full agreement free, pay $499 per couple only at download, then sign and notarize yourselves. Covers mahr (prompt and deferred), asset and debt division, khula/talaq procedures, iddah and nafaqa, mut'ah, optional custody clauses, and faith-based arbitration.", "website": "https://bayaani.com/", "nationwide": true, "stateCount": 50, "states": [ "Nationwide" ], "bestFor": "Lowest-friction Islamic prenup builder - free to create", "lastVerified": "2026-08-05", "features": [ "Self-serve prenup and postnup builder - the full agreement is free to create, review, and revise before any payment", "Flat $499 per couple, charged only at download; couples sign and notarize themselves per included instructions", "Native Islamic provisions: prompt and deferred mahr with payment terms, khula rights, talaq procedures, iddah support, nafaqa, and mut'ah", "Waives American-style alimony and statutory elective shares in favor of the Islamic framework", "Optional child-custody preference clauses and faith-based arbitration built in", "State-adaptive drafting claimed for all 50 states - though its own Terms disclaim any enforceability guarantee" ], "serviceType": [ "Prenup", "Postnup" ], "pricing": "$499 per couple, paid via Stripe only at download - building and reviewing the agreement is free. All sales final (exceptions only for duplicate charges or technical errors within 7 days).", "stateCompliance": true, "islamicFeatures": [ "Mahr documentation", "Iddah/nafaqa", "Khula & talaq procedures", "Inheritance clauses", "Optional custody preferences" ], "lawyerReview": false }, { "id": "muslim-estate-islamic-will", "provider": "Muslim.Estate", "providerProfileUrl": "https://www.halalwallet.us/providers/muslim-estate", "productName": "Islamic Will", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "named_scholar", "shariahOversightSummary": "Founded by Hafiz Yaser Ali, J.D. (Harvard, UC Berkeley Law).\nPlatform integrates Faraid calculations with state-specific legal compliance.", "shariahBoard": "named_scholar", "description": "Free state-specific Islamic will builder founded by Hafiz Yaser Ali, J.D. - a hafiz of the Quran with law degrees from Harvard and UC Berkeley who co-authored the American Bar Association's 'Estate Planning for the Muslim Client.' The guided interview calculates each beneficiary's faraid share under Islamic law and produces a legally valid will with signing instructions, covering guardians, executor, and Islamic distribution, with free edits when circumstances change. The standalone inheritance calculator, advance directive, and revocable trust remain 'Coming Soon,' and the platform also white-labels as The Islamic Seminary of America's Online Will Planner.", "website": "https://muslim.estate/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Free state-specific Islamic will with Faraid calculator", "lastVerified": "2026-08-05", "features": [ "Completely free state-specific Islamic will with faraid shares calculated inside the interview", "Built by Hafiz Yaser Ali, J.D. (Harvard, UC Berkeley Law), co-author of the American Bar Association's 'Estate Planning for the Muslim Client'", "Covers guardians, executor, and Islamic distribution, with print-and-sign execution instructions", "White-labeled by The Islamic Seminary of America as its Online Will Planner", "Free edits - return later to update the will", "Paid consultation available with the founder's law practice for complex estates" ], "serviceType": [ "Will", "Calculator" ], "pricing": "Free - will creation costs nothing, with free edits. Paid consultation with the founder's law practice is available for complex estates (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Wasiyyah", "Faraid calculation", "State-specific signing instructions" ], "lawyerReview": false }, { "id": "mywassiyah-islamic-will-and-estate-plan", "provider": "MyWassiyah", "providerProfileUrl": "https://www.halalwallet.us/providers/mywassiyah", "productName": "Islamic Will & Estate Plan", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "named_scholar", "shariahOversightSummary": "Endorsed by named scholars listed on site.\nNo formal fatwa board or committee published.", "shariahBoard": "named_scholar", "description": "State-specific Islamic will from MyWassiyah at a flat $159.99, covering charity and gift declarations, guardian designation, personal representatives, and burial expenses and debts. The company claims every document is 'created by experienced attorneys and Islamic scholars' and 'checked by Islamic Scholars to comply with the Quran and Sunnah,' and fields the largest endorsement roster in the niche - 16 named figures including Dr. Zulfiqar Ali Shah (Fiqh Council of North America), Dr. Tahir Wyatt, and Imam Zaid Shakir. Part of a ten-document suite topping out at $750, which now includes a $325.99 trust document.", "website": "https://www.mywassiyah.com/mywassiyah-products/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2018, "bestFor": "Attorney & scholar-drafted Islamic will", "lastVerified": "2026-08-05", "features": [ "State-specific Islamic will at a flat $159.99, covering charity and gift declarations, guardians, personal representatives, and burial expenses and debts", "Company claims attorney-and-scholar drafting, with every document 'checked by Islamic Scholars' (drafters not publicly named)", "16 named scholarly endorsers including Dr. Zulfiqar Ali Shah (Fiqh Council of North America), Dr. Tahir Wyatt, and Imam Zaid Shakir", "Valid in all 50 states (company claim); US-only service", "Part of a ten-document suite (up to $750) spanning trust, POA, medical directive, and digital-estate documents", "Free ExpertDesk resource center with attorney and scholar articles" ], "serviceType": [ "Will" ], "pricing": "$159.99 flat for the state-specific Islamic will. Related documents: marital property agreement $44.99, advanced medical directive $59.99, durable POA $79.99, trust document $325.99; the full suite is $750 versus $934.92 bought separately (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Wasiyyah", "Guardian designation", "Islamic bequests" ], "lawyerReview": false }, { "id": "mywassiyah-marital-and-prenuptial-agreements-1", "provider": "MyWassiyah", "providerProfileUrl": "https://www.halalwallet.us/providers/mywassiyah", "productName": "Marital Agreement", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "named_scholar", "shariahOversightSummary": "Endorsed by named scholars listed on site.\nNo formal fatwa board or committee published.", "shariahBoard": "named_scholar", "description": "Marital property (transmutation) agreement from MyWassiyah at a flat $44.99, flagged by the company as a 'Must Have for Community Property States.' In the nine community property states, state law automatically vests half of marital acquisitions in each spouse, and elective-share statutes let a survivor take against a will - either way, the fixed Quranic shares an Islamic will directs can be defeated before the will speaks. This agreement has both spouses legally reclassify ownership and waive elective-share rights so the faraid distribution actually holds. It pairs with the $159.99 Islamic will in a $174.99 package.", "website": "https://www.mywassiyah.com/mywassiyah-products/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2018, "bestFor": "Elective share waiver / marital property agreements", "lastVerified": "2026-08-05", "features": [ "Flat $44.99 marital property (transmutation) agreement", "Realigns community-property ownership so an Islamic will's fixed shares can hold - 'Must Have for Community Property States' per the company", "Waives elective-share rights between spouses; it is not a prenuptial agreement", "State-specific drafting claimed valid in all 50 states (company claim)", "Bundles with the $159.99 Islamic will in a package deal" ], "serviceType": [ "Marital Agreement", "Transmutation agreement" ], "pricing": "$44.99 flat for the marital property (transmutation) agreement; a Will and Marital Property package runs $174.99 (site-flagged Best Value, save $20) (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Community property transmutation", "Islamic inheritance alignment" ], "lawyerReview": false }, { "id": "nikah-prenup-islamic-template", "provider": "Nikah Prenup", "providerProfileUrl": "https://www.halalwallet.us/providers/nikah-prenup", "productName": "Islamic Prenup Template", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Prenup", "shariahOversight": "named_scholar", "shariahOversightSummary": "Co-developed by Sh. Joe Bradford and attorney Naveed Husain.", "shariahBoard": "Named Scholar", "description": "Fixed-price ($499) Islamic prenup template co-developed by Sh. Joe Bradford (Islamic University of Madinah) and Naveed Husain (family law attorney). Couples complete asset disclosure forms, the platform generates a filled-in draft, then each spouse retains their own family-law attorney to finalize and execute. Published state-law enforceability guides cover California, Illinois, Michigan, and Texas.", "website": "https://nikahprenup.com/", "nationwide": true, "stateCount": 50, "states": [ "Nationwide" ], "bestFor": "Drafting head-start for couples who already have a family-law attorney", "lastVerified": "2026-08-05", "features": [ "$499 fixed-price Islamic prenup template with structured asset-disclosure forms for both partners", "Two-way mahr enforcement: deferred mahr owed on husband-initiated divorce; khul'-style repayment and waiver when the wife initiates", "Asymmetric maintenance reflecting classical nafaqa - fixed-term support for the wife, husband barred from support claims", "Elective-share and rights waivers so a surviving spouse can't override Islamic distribution", "Published state-law enforceability guides for California, Illinois, Michigan, and Texas", "Built for finalization by each spouse's own family-law attorney - no attorney review included; no refunds after payment" ], "serviceType": [ "Prenup template" ], "pricing": "$499 fixed-price template, plus couple-supplied family-law attorney fees to finalize (typically $200-$800/hour). No refunds after payment (verified 2026-08-05).", "stateCompliance": false, "islamicFeatures": [ "Asset disclosure", "Generated draft prenup", "Scholar-co-authored" ], "lawyerReview": true }, { "id": "sharia-wiz-community-property-agreement", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Community Property Agreement", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Marital Property Agreement", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "State-specific agreement for married couples in the nine community property states (AZ, CA, ID, LA, NM, NV, TX, WA, WI) that realigns marital property ownership with Islamic inheritance rules. Community property law automatically vests half of everything acquired during marriage in each spouse, which silently rewrites faraid math before an Islamic will even speaks. This agreement - including a schedule classifying separate versus community property - restores the ownership pattern so the shares the will directs are the shares heirs actually receive. Part of the Raqaba-audited Sharia Wiz suite, supplied within the will-based estate plan for community-property-state residents.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": false, "stateCount": 8, "states": [ "AZ", "CA", "ID", "NM", "NV", "TX", "WA", "WI" ], "bestFor": "Married couples in the 9 community property states", "lastVerified": "2026-08-13", "features": [ "State-specific agreement for all nine community property states (AZ, CA, ID, LA, NM, NV, TX, WA, WI)", "Realigns marital property ownership so an Islamic will's faraid shares actually hold", "Includes a schedule of assets classifying separate versus community property", "Part of the Raqaba-audited Sharia Wiz document suite with named-scholar endorsements", "Supplied within the will-based estate plan for community-property-state residents" ], "serviceType": [ "Community Property Agreement" ], "pricing": "Not sold with a standalone published price - the agreement is supplied within Sharia Wiz's will-based estate plan ($199) for community-property-state residents (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Community property alignment", "Islamic inheritance alignment" ], "lawyerReview": false }, { "id": "sharia-wiz-elective-share-waiver", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Elective Share Waiver", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Spousal Waiver", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "State-specific spousal agreement covering 42 equitable-distribution states (including DC) in which both spouses waive statutory elective-share rights so the estate can follow Islamic inheritance shares. The elective share is the quiet will-killer: state law lets a surviving spouse elect against the will and take more than the Quranic share - 1/4 or 1/8 for a widow depending on children - unraveling the whole faraid distribution. The waiver has both spouses contractually renounce those rights in favor of their Islamic shares. Part of the Raqaba-audited Sharia Wiz suite, supplied within the will-based estate plan; community-property-state residents get the companion agreement instead.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": false, "stateCount": 42, "states": [ "AK", "AL", "AR", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "IL", "IN", "KS", "KY", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "UT", "VA", "VT", "WV", "WY" ], "bestFor": "Spouses in equitable distribution states aligning their estate with Faraid", "lastVerified": "2026-08-13", "features": [ "State-specific spousal waiver covering 42 equitable-distribution states including DC", "Both spouses renounce statutory elective-share rights in favor of their faraid shares", "Part of the Raqaba-audited Sharia Wiz document suite with named-scholar endorsements", "Supplied within the will-based estate plan (community-property-state residents get the companion agreement instead)", "Self-completed online with downloadable state-specific execution instructions" ], "serviceType": [ "Elective Share Waiver" ], "pricing": "Not sold with a standalone published price - the waiver is supplied within Sharia Wiz's will-based estate plan ($199) for equitable-distribution-state residents (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Faraid alignment", "Elective share waiver" ], "lawyerReview": false }, { "id": "sharia-wiz-healthcare-directive", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Healthcare Directive", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "State-specific Islamic healthcare directive from Sharia Wiz: a living will plus healthcare proxy documenting end-of-life medical wishes according to Islamic principles, so family and medical teams have a legally recognized statement rather than a verbal understanding made under pressure. $59 standalone, available in all 50 states, with downloadable state-specific execution instructions; it also bundles with the will and power of attorney for $250. Part of the Raqaba-audited Sharia Wiz document suite, with unlimited free document updates for life.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 49, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Islamic end-of-life healthcare directives", "lastVerified": "2026-08-13", "features": [ "State-specific healthcare directive / living will for $59, available in all 50 states", "Documents end-of-life medical wishes according to Islamic principles, with healthcare-proxy appointment", "Downloadable state-specific execution instructions", "Bundles with the will and power of attorney for $250 (saving $47 versus buying separately)", "Unlimited free document updates for life", "30-day money-back guarantee on estate-planning documents" ], "serviceType": [ "Healthcare Directive" ], "pricing": "$59 standalone healthcare directive; bundles with the Islamic will and power of attorney for $250, saving $47 versus buying separately. 30-day money-back guarantee on estate-planning documents (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Islamic healthcare preferences", "End-of-life planning" ], "lawyerReview": false }, { "id": "sharia-wiz-inheritance-calculator", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Inheritance Calculator", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "Free five-minute Faraid calculator from Sharia Wiz: answer a few questions and it computes your estate's division under classical 'ilm al-fara'id - fixed Quranic shares, ta'sib (residuary) ranking, and the radd and 'awl adjustments - with madhhab-level differences programmed in rather than flattened. One disclosed example: Hanafi law lets a paternal grandfather block siblings entirely, where the Hanbali, Maliki, and Shafi'i schools have them share. For daughters-only estates it presents both scholarly positions and lets you choose. The same calculator was approved in Raqaba's independent Shariah audit and feeds directly into the platform's will and trust drafting flows.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 49, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2019, "bestFor": "Free Islamic inheritance calculator", "lastVerified": "2026-08-13", "features": [ "Free five-minute faraid calculation of your estate's division under Islamic inheritance law", "Four-madhhab engine with ta'sib, radd, 'awl, and blocking rules - school differences disclosed, not flattened", "Approved in Raqaba's independent Shariah audit alongside the document set", "Presents both scholarly positions on daughters-only estates and lets you choose", "Feeds directly into the platform's will and trust drafting flows" ], "serviceType": [ "Calculator" ], "pricing": "Free - the calculator costs nothing and functions as the on-ramp to Sharia Wiz's paid document suite (will plan from $199, individual trust $499) (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Faraid", "Islamic inheritance calculation" ], "lawyerReview": false }, { "id": "sharia-wiz-islamic-family-waqf", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Islamic Family Waqf", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Family Waqf", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Designed by Abed Awad, Esq. with the Sharia Wiz scholar panel (Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, Dalia Mogahed) and Azzad's AAOIFI-aligned investment-Shariah governance. ShariaWiz documents approved in an independent Shariah audit by Raqaba.", "shariahBoard": "third_party_certified", "description": "The first scholar-approved Islamic joint living revocable trust for Muslim American couples, co-developed by Sharia Wiz and Azzad Asset Management (the largest U.S. Sharia-compliant investment firm). One trust document covers both spouses, takes effect the moment it is signed, manages both spouses' assets during life, avoids probate for funded assets, and at the second spouse's death routes the remainder to the Quranic heirs by Faraid.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "bestFor": "Married Muslim couples - particularly families with assets above $500K, real estate in multiple states, or business interests", "lastVerified": "2026-08-13", "features": [ "Joint living revocable trust covering both spouses in one document, valid in all 50 states plus DC", "Surviving spouse keeps full control after the first death; faraid distribution to Islamic heirs applies after both pass", "Eight-document set including Islamic pour-over wills (one per spouse), a Certification of Trust, and a trust-funding guide", "Co-developed with Azzad Asset Management - announced December 2021 as the first US Islamic family trust (company claim)", "Real-estate deed transfers into the trust available via The Dec Firm from $175", "Unlimited free document updates for life" ], "serviceType": [ "islamic_family_trust" ], "pricing": "$799 for the Joint Trust (Family Waqf) package, as published on shariawiz.com's compare page (July 2026).", "stateCompliance": true, "islamicFeatures": [ "Joint trust for both spouses", "Effective on signing (revocable)", "Avoids probate for funded assets", "Faraid-compliant distribution at second death", "Wasiyyah (1/3 charitable bequest) per spouse", "Sharia-compliant investment-management terms", "Successor-trustee continuity for incapacity", "Co-developed with Azzad (largest U.S. Sharia-compliant investment firm)" ], "lawyerReview": false }, { "id": "sharia-wiz-marital-and-prenuptial-agreement", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Islamic Prenuptial Agreement", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Designed by Abed Awad, Esq. - a leading U.S. Islamic family-law scholar and expert witness. ShariaWiz documents approved in an independent Shariah audit by Raqaba.", "shariahBoard": "third_party_certified", "description": "Shariah-compliant prenup, state-specific in all 50 states and designed by Islamic family-law expert Abed Awad, Esq. The $999 package includes the prenup, a Muslim marriage contract, and two Islamic wills (one per spouse). Built around a four-step collaborative workflow (initiate, collaborate, negotiate, finalize), with e-notarization available in all states except Maryland and Wisconsin and a 30-day money-back guarantee.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2019, "bestFor": "The most complete Islamic prenup package available online today", "lastVerified": "2026-08-13", "features": [ "$999 per couple: state-specific prenup plus a Muslim marriage contract and an Islamic will for each spouse (a $398 bundled value)", "Documents immediate and deferred mahr; honors iddah support while waiving post-divorce alimony", "Waives default state spousal inheritance so each spouse takes their faraid share", "Collaborative four-step workflow: questionnaire (~30 min per person), mutual asset-disclosure schedules, in-platform negotiation, notarized signing", "E-notarization available in all states except Maryland and Wisconsin", "No refunds after payment - review the questionnaire before purchase" ], "serviceType": [ "Prenup", "Postnup", "Nikah Contract", "Islamic Will (bundled)" ], "pricing": "$999 - includes prenup, Muslim marriage contract, and 2 Islamic wills (a $398 bundled value).", "stateCompliance": true, "islamicFeatures": [ "Mahr documentation", "Iddah preservation", "Alimony waiver", "Faraid / elective-share waiver", "Khula & talaq procedures", "Optional monogamy clause", "Optional education/work clauses", "Optional Islamic arbitration" ], "lawyerReview": false }, { "id": "sharia-wiz-islamic-will-and-estate-plan-1", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Islamic Trust", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "Individual Islamic revocable living trust from Sharia Wiz: transfer assets into a trust you control completely during life - amend or revoke anytime - and at death your trustee distributes to your Islamic heirs per the platform's four-madhhab faraid engine, without probate court. The $499 package runs eight documents, including an Islamic pour-over will that sweeps unfunded assets back into the trust, an Islamic Inheritance Law Appendix, a Certification of Trust, a healthcare directive, a financial POA, an elective-share waiver, and a step-by-step trust-funding guide. Real-estate deed transfers into the trust are available via The Dec Firm from $175.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 49, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2019, "bestFor": "Families who want to avoid probate through an individual Islamic revocable living trust", "lastVerified": "2026-08-13", "features": [ "Individual revocable living trust ($499 one-time) distributing to Islamic heirs at death via the four-madhhab faraid engine", "Eight-document set: trust, Islamic pour-over will, Islamic Inheritance Law Appendix, Certification of Trust, funding guide, healthcare directive, financial POA, and elective-share waiver", "Full lifetime control - amend or revoke anytime", "Step-by-step trust-funding guide, with real-estate deed transfers via The Dec Firm from $175", "Claimed 15–30 minutes online, with unlimited free lifetime updates", "Avoids probate only for assets actually retitled into the trust" ], "serviceType": [ "Trust" ], "pricing": "$499 one-time for the individual Islamic trust package (eight documents including the pour-over will, healthcare directive, and financial POA). Real-estate deed transfers into the trust via The Dec Firm from $175. Unlimited free lifetime updates (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Islamic trust", "Probate avoidance" ], "lawyerReview": false }, { "id": "sharia-wiz-islamic-will-and-estate-plan", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Islamic Will & Estate Plan", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "Sharia Wiz's flagship will plan: $199 buys five state-specific documents - the Islamic will, an Islamic Inheritance Appendix walking the executor through the actual division, an elective-share waiver or community-property agreement depending on your state, a healthcare directive, and a financial power of attorney. The inheritance engine implements classical 'ilm al-fara'id across all four Sunni madhhabs, with school-level differences disclosed rather than flattened. Documents carry downloadable signing, witnessing, and notarization instructions, unlimited free lifetime updates, a 30-day money-back guarantee, and approval in an independent Shariah audit by Raqaba.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 49, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2019, "bestFor": "Most complete Islamic estate planning toolkit", "lastVerified": "2026-08-13", "features": [ "$199 one-time will plan bundling five documents: will, Islamic Inheritance Appendix, elective-share waiver or community-property agreement, healthcare directive, and financial POA", "Four-madhhab faraid engine covering ta'sib, radd, 'awl, and blocking rules, with school differences disclosed", "State-specific documents with downloadable signing, witnessing, and notarization instructions", "Unlimited free document updates for life via the dashboard", "30-day money-back guarantee on estate-planning documents", "Independent Shariah audit by Raqaba plus named-scholar endorsements" ], "serviceType": [ "Will" ], "pricing": "$199 one-time for the five-document will plan; the individual trust package is $499 and the joint Family Waqf trust $799. The healthcare directive ($59) and POA ($39) sell standalone, or $250 bundled with the will (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Wasiyyah", "Islamic inheritance appendix", "Elective share waiver" ], "lawyerReview": false }, { "id": "sharia-wiz-power-of-attorney", "provider": "Sharia Wiz", "providerProfileUrl": "https://www.halalwallet.us/providers/sharia-wiz", "productName": "Power of Attorney", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "third_party_certified", "shariahOversightSummary": "Shariah audit by Raqaba approved ShariaWiz documents and calculator. Endorsed by Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, and Dalia Mogahed.", "shariahBoard": "third_party_certified", "description": "State-specific durable financial power of attorney from Sharia Wiz at $39 - in fiqh terms a wakala, appointing an agent (wakil) to manage financial and legal affairs during incapacity. The document comes with Islamic guidance on selecting an agent and the duties the delegation carries, plus downloadable signing, witnessing, and notarization instructions for your state. It bundles with the will and healthcare directive for $250, and carries the platform's unlimited free lifetime updates. Available in all 50 states as part of the Raqaba-audited Sharia Wiz suite.", "website": "https://shariawiz.com/partner/halalwallet", "nationwide": true, "stateCount": 49, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "bestFor": "Sharia-compliant POA documents", "lastVerified": "2026-08-13", "features": [ "State-specific durable financial power of attorney for $39, available in all 50 states", "Islamic guidance on agent selection and the duties the delegation carries", "Downloadable signing, witnessing, and notarization instructions per state", "Bundles with the will and healthcare directive for $250 (saving $47 versus buying separately)", "Unlimited free document updates for life via the dashboard" ], "serviceType": [ "Power of Attorney" ], "pricing": "$39 standalone durable financial POA; bundles with the Islamic will and healthcare directive for $250, saving $47 versus buying separately (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Financial delegation", "Islamic agent guidance" ], "lawyerReview": false }, { "id": "the-islamic-seminary-of-america-islamic-will-and-estate-plan", "provider": "The Islamic Seminary of America", "providerProfileUrl": "https://www.halalwallet.us/providers/the-islamic-seminary-of-america", "productName": "Islamic Will & Estate Plan", "category": "Wills & Estate Planning", "categoryHubUrl": "https://www.halalwallet.us/estate-planning", "structure": "Islamic Will", "shariahOversight": "named_scholar", "shariahOversightSummary": "Islamic seminary providing estate planning reviewed by seminary scholars.", "shariahBoard": "named_scholar", "description": "The Islamic Seminary of America (TISA) - an affiliate of the Association of Theological Schools with its own board of Islamic scholars - partners with Muslim.Estate to offer its community a free Sharia-compliant online will builder. The roughly 30-minute questionnaire covers family, financial affairs, and preferences, automatically calculates each beneficiary's share under Islamic inheritance law, and delivers a print-and-sign will with signing instructions, with answers stored securely for later updates. TISA's page also curates referral lists of Muslim estate-planning attorneys and wealth-management firms with an explicit no-compensation disclaimer, and notes plainly that online wills 'cover simple cases or serve as an initial plan.'", "website": "https://islamicseminary.us/online-will-planner/", "nationwide": true, "stateCount": 50, "states": [ "AL", "AK", "AZ", "AR", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "ID", "IL", "IN", "IA", "KS", "KY", "LA", "ME", "MD", "MA", "MI", "MN", "MS", "MO", "MT", "NE", "NV", "NH", "NJ", "NM", "NY", "NC", "ND", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VT", "VA", "WA", "WV", "WI", "WY" ], "founded": 2010, "bestFor": "Free scholar-backed Islamic wills", "lastVerified": "2026-08-05", "features": [ "Free Sharia-compliant online will builder through the Muslim.Estate partnership", "Roughly 30-minute questionnaire covering family, financial affairs, and preferences", "Automated calculation of each beneficiary's share according to Islamic inheritance law", "Print-and-sign delivery with signing instructions; answers stored securely for later updates", "Curated referral lists of Muslim estate-planning attorneys and wealth-management firms, with an explicit no-compensation disclaimer", "Designed for simple cases - the page itself notes online wills \"cover simple cases or serve as an initial plan\"" ], "serviceType": [ "Will" ], "pricing": "Free - the will builder costs nothing through TISA's Muslim.Estate partnership (verified 2026-08-05).", "stateCompliance": true, "islamicFeatures": [ "Faraid calculation within the will flow", "Wasiyyah", "Guardian designation", "State-specific signing instructions" ], "lawyerReview": false }, { "id": "musaffa-zakat-calculator", "provider": "Musaffa", "providerProfileUrl": "https://www.halalwallet.us/providers/musaffa", "productName": "Zakat Calculator", "category": "Zakat Calculator", "structure": "Tool", "shariahOversight": "formal_board", "shariahOversightSummary": "Shariah advisors include Shaikh Dr. Aznan Hasan and Mufti Faraz Adam.\nBoard continuously monitors compliance methodology.", "shariahBoard": "formal_board", "description": "Musaffa's zakat calculator walks through the categories a real zakat reckoning requires - cash in hand and bank accounts, gold and silver, stock and fund investments, business assets, property held for trading, loans, and deductions for immediate bills, taxes, rent, and wages - rather than reducing the obligation to a single input box. Investment treatment follows the scholarly distinction Musaffa teaches in its Academy: long-term holders assess either 2.5% of market value or their proportional share of the company's zakatable assets, while active traders assess full market value. Manual calculation is free; the paid Foundation plan imports live portfolio data from linked brokerages, and purification is tracked separately from zakat.", "website": "https://musaffa.com/zakat-calculator", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2020, "bestFor": "Retail investors already screening stocks in Musaffa who want portfolio zakat calculated inside the same app.", "lastVerified": "2026-08-05", "features": [ "Guided multi-category flow: cash, gold and silver, investments, business assets, trading property, loans, and deductible bills", "Distinguishes long-term holdings from actively traded stocks, following published scholarly treatments", "Foundation plan imports live portfolio data from linked brokerage accounts", "Zakat and purification tracked separately - purification is never counted toward zakat", "Methodology reviewed under named advisors including a sitting AAOIFI Shariah Board member", "Free to use for manual calculation; automated portfolio-wide zakat is part of the paid plan" ], "pricing": "Free for manual calculation. Automated portfolio-wide zakat with live brokerage import is part of Musaffa's paid Foundation plan; plan prices are not published on the crawled pages (verified 2026-08-05)." }, { "id": "shariaportfolio-zakat-calculator", "provider": "ShariaPortfolio", "providerProfileUrl": "https://www.halalwallet.us/providers/shariaportfolio", "productName": "Zakat Calculator", "category": "Zakat Calculator", "structure": "Wealth Management", "shariahOversight": "named_scholar", "shariahOversightSummary": "Sharia Advisor: Shaykh Umer Khan.\nAAOIFI-aligned screening methodology used.", "shariahBoard": "named_scholar", "description": "Free web-based zakat calculator on ShariaPortfolio's site, powered by Helping Hands for Relief & Development. It works from the base nisab (gold or silver value) across the categories a proper reckoning needs: cash in hand and bank, money deposited for future purposes, loans given out, business investments, stock value, and deductions for borrowed money, goods bought on credit, wages due to employees, and taxes, rent, and bills due immediately. It sits inside a firm that treats religious money obligations as a documented discipline: SEC-registered, applying AAOIFI-aligned screening, with quarterly published purification factors for the affiliated SP Funds ETFs and published scholarly guidance on nisab, rates, and retirement-account treatment.", "website": "https://shariaportfolio.com/zakat-calculator/", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2013, "bestFor": "Investors who want their annual zakat computed on brokerage and retirement holdings alongside ShariaPortfolio's managed-account offerings.", "lastVerified": "2026-08-05", "features": [ "Free zakat calculator from a wealth manager applying AAOIFI-based screening since 2003", "Purification kept distinct from zakat, with quarterly published purification factors and a companion calculator for SP Funds ETFs", "Published scholarly guidance (Shaykh Aarij Anwer) on nisab, rates, and retirement-account treatment", "Firm does not auto-deduct purification - investors donate directly, avoiding adverse tax treatment", "Backed by a named Sharia Advisor (Shaykh Umer Khan, mufti with a Wharton MSF)", "Pairs with a free human-reviewed stock screening service on the same site" ], "pricing": "Free - the web calculator (powered by Helping Hands for Relief & Development) costs nothing and requires no account. ShariaPortfolio's managed-account services are priced separately (verified 2026-08-05)." }, { "id": "zoya-zakat-calculator", "provider": "Zoya", "providerProfileUrl": "https://www.halalwallet.us/providers/zoya", "productName": "Zakat Calculator", "category": "Zakat Calculator", "structure": "Stock Screener", "shariahOversight": "named_scholar", "shariahOversightSummary": "Shariah Advisors: Sheikh Joe Bradford & Sheikh Umer Khan.\nOversee screening methodology.", "shariahBoard": "named_scholar", "description": "Zakat calculation built into the Zoya app, implementing the methodology of Sheikh Joe Bradford's Simple Zakat Guide: active holdings you trade or plan to keep under a year are assessed like cash at 2.5% of market value, while passive long-term holdings are assessed on your proportional share of the company's current assets, with a scholar-approved 30%-of-market-value proxy when balance-sheet data is unavailable. The calculator imports holdings automatically from linked brokerage accounts - stocks, funds, and crypto - recurses through ETF and mutual fund holdings, keeps purification separate from zakat, and lets you donate in-app through Every.org.", "website": "https://zoya.finance/?c=halalwallet&source_caller=ui&is_retargeting=true&pid=affiliates&af_xp=custom&af_reengagement_window=30d&shortlink=halalwallet&af_dp=zoya%3A%2F%2F", "nationwide": true, "stateCount": 50, "states": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "founded": 2020, "bestFor": "Stock screening & purification tracking", "lastVerified": "2026-08-05", "features": [ "Implements Sheikh Joe Bradford's Simple Zakat Guide methodology - 2.5% on active holdings, current-assets method for passive", "Scholar-approved 30%-of-market-value proxy when company balance-sheet data is unavailable", "Recursive calculation through ETF and mutual fund holdings with weighted aggregation", "Auto-imports holdings from linked brokerage accounts - stocks, funds, and crypto covered", "Donate in-app via Every.org: card, bank, Apple/Google Pay, PayPal, crypto, stocks, or DAF", "Keeps zakat and purification separate - purification amounts are never counted toward zakat" ], "pricing": "No separate charge is published for the zakat calculator - it ships inside the Zoya app, which offers a free version alongside paid tiers; calculator-specific pricing is not published on zoya.finance (verified 2026-08-05)." } ], "totalRecords": 154 }