Devon Bank vs Neighborhood Development Center
Devon Bank and Neighborhood Development Center both offer business financing - Devon Bank in Illinois, Neighborhood Development Center in Minnesota. This page lines up 12 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
- Devon Bank lists Illinois; Neighborhood Development Center lists Minnesota.
- Devon Bank uses Murabaha / Ijara; Neighborhood Development Center uses Islamic Financing.
- Shariah oversight: Devon Bank discloses Formal Board; Neighborhood Development Center discloses No Public Review.
- HalalWallet Index: Devon Bank holds a A; Neighborhood Development Center holds a B-.
- On measurable rows, Devon Bank has the better listed value on 1 and Neighborhood Development Center on 0.
- They differ on 9 of the 12 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.
Devon Bank vs Neighborhood Development Center: the full side-by-side
12 data points from each provider's published materials, lined up row by row. They differ on 9.
States covered
Devon Bank: IllinoisNeighborhood Development Center: Minnesota
Minimum amount
Devon Bank: Contact provider (Construction Financing) · $250,000 (Commercial Real Estate Fin…)Neighborhood Development Center: Contact providerMaximum amount
Devon Bank: Contact provider (Construction Financing) · $5,000,000 (Commercial Real Estate Fin…)Neighborhood Development Center: Contact provider
Structure
Devon Bank: Murabaha / IjaraNeighborhood Development Center: Islamic FinancingShariah oversight
Devon Bank: Formal BoardNeighborhood Development Center: No Public ReviewShariah board / scholar
Devon Bank: formal_boardNeighborhood Development Center: no_public_reviewPublished fatwa / certificate
SameDevon Bank: NoNeighborhood Development Center: No
Products listed
Devon Bank: Construction Financing, Secured Line of Credit, Commercial Real Estate Financing, Equipment FinancingNeighborhood Development Center: Small Business LoansBest for
Devon Bank: Midwest buyers, Chicago-basedNeighborhood Development Center: Small business loans, community focus
HalalWallet Index grade
Devon Bank: A EdgeNeighborhood Development Center: B-Founded
Devon Bank: 2003Neighborhood Development Center: Not listedGoogle rating
Devon Bank: 4.4/5 (31 reviews)Neighborhood Development Center: Not listed
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
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
Neighborhood Development Center
- Community development lender focused on entrepreneurs who may not qualify for traditional bank financing
- Profit-Based Financing option: buy-and-sell agreements for vehicles, equipment, and hard costs instead of interest
- Full support stack around the capital: training, one-on-one coaching, incubator space, and pre- and post-loan consulting
- Clear published loan bands from $500 microloans to $250,000 SBA-guaranteed and real estate loans
- Twin Cities Metro Area only
- No formal Shariah board or certification published, and Islamic finance terminology has been removed from the current site
- No pricing, markup, or terms published for the profit-based product - the rest of the menu is explicitly interest-based
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.
Not sure which is right? Compare all business financing providers.
Browse all Business Financing optionsEditorial comparisons
How do Devon Bank and Neighborhood Development Center compare for business financing?
Devon Bank and Neighborhood Development Center both offer business financing - Devon Bank in Illinois, Neighborhood Development Center in Minnesota. This page lines up 12 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.
- Devon Bank lists Illinois; Neighborhood Development Center lists Minnesota.
- Devon Bank uses Murabaha / Ijara; Neighborhood Development Center uses Islamic Financing.
- Shariah oversight: Devon Bank discloses Formal Board; Neighborhood Development Center discloses No Public Review.
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
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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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