Bank of Whittier vs Devon Bank
Bank of Whittier and Devon Bank both offer business financing - Bank of Whittier in all 50 states, Devon Bank in Illinois. This page lines up 13 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Nov 2026
At a glance
- Bank of Whittier lists all 50 states; Devon Bank lists Illinois.
- Bank of Whittier uses RF (Riba Free) financing, LARIBA discipline; Devon Bank uses Murabaha / Ijara.
- Shariah oversight: Bank of Whittier discloses Third-Party Certified; Devon Bank discloses Formal Board.
- HalalWallet Index: Bank of Whittier holds a B-; Devon Bank holds a A.
- On measurable rows, Bank of Whittier has the better listed value on 2 and Devon Bank on 1.
- They differ on 9 of the 13 data points we list for business financing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Bank of Whittier vs Devon Bank: the full side-by-side
13 data points from each provider's published materials, lined up row by row. They differ on 9.
13 of 13 rows
States covered
Bank of Whittier: All 50 statesDevon Bank: Illinois
Minimum amount
Bank of Whittier: Not listedDevon Bank: Contact provider (Construction Financing) · $250,000 (Commercial Real Estate Fin…)Maximum amount
Bank of Whittier: Not listedDevon Bank: Contact provider (Construction Financing) · $5,000,000 (Commercial Real Estate Fin…)
Financing purposes
Bank of Whittier: Business financing, Commercial real estate, Non-profit financingDevon Bank: Not listed
Structure
Bank of Whittier: RF (Riba Free) financing, LARIBA disciplineDevon Bank: Murabaha / IjaraShariah oversight
Bank of Whittier: Third-Party CertifiedDevon Bank: Formal BoardShariah board / scholar
Bank of Whittier: third_party_certifiedDevon Bank: formal_boardPublished fatwa / certificate
Bank of Whittier: Yes EdgeDevon Bank: No
Products listed
Bank of Whittier: RF Business & Commercial FinancingDevon Bank: Construction Financing, Secured Line of Credit, Commercial Real Estate Financing, Equipment FinancingBest for
Bank of Whittier: Businesses and non-profits seeking riba-free bank financing nationwideDevon Bank: Midwest buyers, Chicago-based
HalalWallet Index grade
Bank of Whittier: B-Devon Bank: A EdgeFounded
Bank of Whittier: 1998 EdgeDevon Bank: 2003Google rating
Bank of Whittier: Not listedDevon Bank: 4.4/5 (31 reviews)
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
Bank of Whittier
- Full-service riba-free business banking (deposits plus financing) under one FDIC-insured roof, which only Devon Bank and Stearns Bank approximate
- Non-profit financing is a rare dedicated offering for Islamic community institutions
- New parent capital: University Bancorp plans to deploy about $60 million of the bank's cash into faith-based financings
- Nationwide reach
- No published pricing, size ranges, or program details
- Small bank capacity compared with Stearns Bank or Devon Bank commercial teams
- Processes and personnel in transition following the July 2026 acquisition
Devon Bank
- Experience with a variety of Shariah-compliant construction methods - the bank custom-engineers each deal
- Funding released in stages as the project progresses
- Contracts approved by fatwa of the Shariah Supervisory Board of America (Mufti Muhammad Nawal-ur-Rahman)
- Track record financing religious and community facilities, including mosques
- A rare Shariah-compliant revolving credit facility in the US market
- Limited to only 1 state in our records; the bank says some products extend beyond Illinois
- Financing amounts and pricing aren't published - every deal is quoted individually
- No standing retained Shariah board: certification is one-time fatwa per product, with no published audit reports
- Limited to only 1 state in our records; availability follows Devon's ijara-eligible states
- Devon publishes neither credit limits nor pricing for this line - terms come from an individual quote
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several business financing products. Each is tagged.
Bank of Whittier vs Devon Bank in other categories
Not sure which is right? Compare all business financing providers.
Browse all Business Financing optionsEditorial comparisons
How do Bank of Whittier and Devon Bank compare for business financing?
Bank of Whittier and Devon Bank both offer business financing - Bank of Whittier in all 50 states, Devon Bank in Illinois. This page lines up 13 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.
- Bank of Whittier lists all 50 states; Devon Bank lists Illinois.
- Bank of Whittier uses RF (Riba Free) financing, LARIBA discipline; Devon Bank uses Murabaha / Ijara.
- Shariah oversight: Bank of Whittier discloses Third-Party Certified; Devon Bank discloses Formal Board.
Source: HalalWallet (halalwallet.us)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-11-06
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
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