Halal Bank Accounts in Houston, Texas

UIF

Deposit Account

B+

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.

UIF

Savings Account

B+

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.

Bank of Whittier

RF Certificate of Deposit

B+

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.

Bank of Whittier

RF Income Generating Savings & Retirement Savings

B+

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.

Bank of Whittier

RF Checking Accounts (AMANA Demand Deposit & Income Generating)

B+

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.

Stearns Bank

Salaam Nonprofit Checking

B-

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.

Stearns Bank

Salaam Business Certificate of Deposit

B-

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.

Stearns Bank

Salaam Nonprofit Savings

B-

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.

Stearns Bank

Salaam Business Checking

B-

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.

Stearns Bank

Salaam Business Essentials Checking

B-

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.

Stearns Bank

Savings Account

B-

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.

Stearns Bank

Salaam Business Market Savings

B-

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.

Stearns Bank

Deposit Account

B-

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.

Jafari Credit Union

Savings Account

B-

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.