Jafari Credit Union vs Neighborhood Development Center
Jafari Credit Union and Neighborhood Development Center both offer business financing - Jafari Credit Union in Texas, Neighborhood Development Center in Minnesota. This page lines up 13 listed data points side by side, with 6 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 Aug 2026
At a glance
- Jafari Credit Union lists Texas; Neighborhood Development Center lists Minnesota.
- Jafari Credit Union uses Qard Hasan; Neighborhood Development Center uses Islamic Financing.
- Both disclose the same level of Shariah oversight: No Public Review.
- HalalWallet Index: Jafari Credit Union holds a B-; Neighborhood Development Center holds a B-.
- They differ on 6 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.
Jafari Credit Union vs Neighborhood Development Center: the full side-by-side
13 data points from each provider's published materials, lined up row by row. They differ on 6.
States covered
Jafari Credit Union: TexasNeighborhood Development Center: Minnesota
Minimum amount
Jafari Credit Union: $5,000Neighborhood Development Center: Contact providerMaximum amount
Jafari Credit Union: $16,000Neighborhood Development Center: Contact providerTerms offered
Jafari Credit Union: Up to 60 months, Minimum $200/monthNeighborhood Development Center: Not listed
Structure
Jafari Credit Union: Qard HasanNeighborhood Development Center: Islamic FinancingShariah oversight
SameJafari Credit Union: No Public ReviewNeighborhood Development Center: No Public ReviewShariah board / scholar
SameJafari Credit Union: no_public_reviewNeighborhood Development Center: no_public_reviewPublished fatwa / certificate
SameJafari Credit Union: NoNeighborhood Development Center: No
Products listed
Jafari Credit Union: Equipment FinancingNeighborhood Development Center: Small Business LoansBest for
Jafari Credit Union: True 0% interest, NCUA insuredNeighborhood Development Center: Small business loans, community focus
HalalWallet Index grade
SameJafari Credit Union: B-Neighborhood Development Center: B-Founded
Jafari Credit Union: 2016Neighborhood Development Center: Not listedGoogle rating
Jafari Credit Union: 4.9/5 (8 reviews)Neighborhood Development Center: Not listed
Strengths and trade-offs
Jafari Credit Union
- Genuinely 0% - no interest, markup, or rent substitute at any point
- NCUA-insured, member-owned credit union with published quarterly financials
- Exact loan bands and fee schedule published on-site - rare transparency at this scale
- Interest avoided for members since inception: $1,228,000 (CU-reported, March 2026)
- Membership is charter-limited to Jafari (Shia) Muslims connected to three Texas centers (Houston, Austin, Dallas area) and their family members
- Small program: equipment loans cap at $16,000 and total business lending is capped at $200,000 outstanding
- Members must already hold an account at another US bank or credit union, and offices operate by appointment (Sundays 12-1pm in Houston)
- No Sharia board or fatwa published - the compliance case is the structural absence of interest
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
Not sure which is right? Compare all business financing providers.
Browse all Business Financing optionsEditorial comparisons
How do Jafari Credit Union and Neighborhood Development Center compare for business financing?
Jafari Credit Union and Neighborhood Development Center both offer business financing - Jafari Credit Union in Texas, Neighborhood Development Center in Minnesota. This page lines up 13 listed data points side by side, with 6 differences, so you can see exactly where they part ways before you request quotes.
- Jafari Credit Union lists Texas; Neighborhood Development Center lists Minnesota.
- Jafari Credit Union uses Qard Hasan; Neighborhood Development Center uses Islamic Financing.
- Both disclose the same level of Shariah oversight: 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: 2026-08-05
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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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