How are Halal Money Index grades calculated?

Each provider is scored on Shariah integrity (35 points - the strength and credibility of Shariah oversight, calibrated to what's expected in each category, with claims requiring published evidence), transparency (20 - whether the board, scholars, methodology, and fees are publicly disclosed, plus how complete the provider's data profile is: sharing more earns more), cost/value (15 - value for money, including professional signals like licensed attorneys, scored only where verifiable data exists), and track record (10 - a legitimacy threshold: at least a year in operation earns full marks, and longevity beyond that adds nothing, so established newcomers compete on equal footing while brand-new pop-ups can't hold a top score). A 20-point verified-data credit rewards providers who confirm their information with HalalWallet and decays when data goes stale, and up to 4 editor's-pick points recognize documented benefits the rubric can't quantify (awarded only with a published rationale - a perfect 100 requires them, an A doesn't). State coverage is displayed but never scored - a one-state provider can be the best provider. Missing data is never excused: it scores a conservative floor and is flagged. Every grade is reviewed and approved by HalalWallet's editorial team before publication.

Is a low grade a religious ruling that a provider is not halal?

No. The Index is not a fatwa and HalalWallet does not issue religious rulings. A low Shariah-integrity score most often means a provider has not published evidence of independent Shariah oversight - a transparency problem, not necessarily a compliance one. We encourage every consumer to review a provider's own Shariah documentation and consult a qualified scholar for religious questions.

Can providers pay for a better grade?

No. Grades are computed from the same rubric for every provider, partner or not, and the methodology is published in full on this page. Even the editor's-pick points are capped at 4, positive-only, require a published rationale, and ignore partner status entirely. Providers can improve their grade one way: by publicly disclosing stronger Shariah oversight, fees, and a complete data profile - and by keeping their data verified with us.

Why do some providers show 'verification overdue'?

Every grade carries the date the provider's data was last verified, and verified data is worth 20 points of the grade - a fifth of the total. Data confirmed within the last 30 days keeps the full credit; past that it decays (−8 after 30 days, −14 after 60, −20 after 90 or if never confirmed) until the provider re-verifies - stale data should not keep a strong grade. Providers can confirm their information free, in about a minute, through the HalalWallet provider portal, and we email every provider a reminder before each 30-day deadline - so an overdue badge means the provider has not acted on those reminders.

How often are grades updated?

Grades recompute whenever the underlying registry data changes - new Shariah certifications, coverage changes, fee changes, or new disclosures - and every change is re-reviewed before it publishes. The Index is a living scorecard, not an annual snapshot.

The independent scorecard for halal money in America

The Halal Money Index

Every US halal provider, graded from A to B− on a transparent rubric - Shariah integrity, transparency, cost/value, track record, and verified data. Computed from HalalWallet's live provider registry, reviewed by our editorial team, and updated whenever the data changes. We'll tell you if it's actually halal - and whether it's actually any good.

HalalWallet Editorial Team

Editorial Team, HalalWallet

Independent halal finance research

What is the Halal Money Index?

The Halal Money Index grades every US halal finance provider from A to B− on Shariah integrity (35 points), transparency and data completeness (20), cost/value (15), track record (10), and verified data (20) - providers who confirm their information with us keep the full verification credit, and it decays if they don't. Up to 4 further points are an editor's pick, awarded only with a published rationale for benefits a rubric can't quantify. State coverage is shown for context but never scored: a one-state provider can be the best provider. Of the 47 provider grades published so far, 16 earn an A or A− - the rest range from B+ down to B−, the floor grade, which means we don't yet have enough verified information rather than that a provider is bad. Grades are computed from HalalWallet's live provider registry and reviewed by our editorial team before publication.

Source: HalalWallet (halalwallet.us)

Halal Home Financing

Compare all halal home financing options →

Providers financing US homes without riba - Musharakah, Murabaha, and Ijara structures.

A
Guidance ResidentialHigh confidenceEditor's pick
Editor's pick: Guidance absorbs natural-disaster losses on the home rather than billing the borrower - a real co-ownership protection no rubric line-item captures.
Formal Shariah board · est. 2002 · ~35 states · Musharakah
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A
Ijara Community DevelopmentHigh confidence
Formal Shariah board · est. 2005 · available nationwide · Ijara
Score breakdown
Shariah integrity
34/35
Transparency
19/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A
UIFHigh confidence
Formal Shariah board · est. 2005 · ~32 states · Musharakah
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Bank of WhittierHigh confidence
Third-party certified · est. 1998 · available nationwide · Declining Participation in Usufruct (LARIBA model)
Score breakdown
Shariah integrity
30/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Sukoon FinanceHigh confidence
Third-party certified · est. 2025 · ~46 states · Murabaha (Cost-Plus Sale)
Score breakdown
Shariah integrity
30/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Barakah MortgageHigh confidence
Formal Shariah board · est. 2025 · Murabaha (Cost-Plus Sale)
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
4/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B
Devon BankHigh confidence
Formal Shariah board · est. 2003 · ~34 states · Murabaha
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B
LARIBA American Finance HouseHigh confidence
Formal Shariah board · est. 1987 · ~27 states · Musharakah
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B-
Ameen Housing CooperativeAwaiting verified dataHigh confidence
Third-party certified · est. 1996 · ~1 states · Musharakah
What we're missing to score higher:
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
A Continuous CharityAwaiting verified dataMedium confidence
Third-party certified · ~34 states · Qard Hasan
What we're missing to score higher:
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Jafari Credit UnionAwaiting verified dataHigh confidence
No public Shariah review · est. 2016 · ~1 states · Qard Hasan
What we're missing to score higher:
- No public Shariah review on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Luminate BankAwaiting verified dataMedium confidence
Formal Shariah board · est. 2000 · available nationwide · Ijara (Trust-Based)
What we're missing to score higher:
- Shariah board claim lacks published evidence
- Board members / scholars not named
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
NorthCountry Federal Credit UnionAwaiting verified dataMedium confidence
No public Shariah review · ~3 states · Credit Union
What we're missing to score higher:
- No public Shariah review on file
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Qard Hasan FoundationAwaiting verified dataMedium confidence
No public Shariah review · ~1 states · Qard Hasan
What we're missing to score higher:
- No public Shariah review on file
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →

Halal Investing

Compare all halal investing options →

Robo-advisors, funds, ETFs, and screeners for Shariah-compliant investing.

A
ManzilHigh confidence
Formal Shariah board · est. 2019 · ~49 states
Score breakdown
Shariah integrity
34/35
Transparency
16/20
Cost / value
15/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Wahed InvestHigh confidence
Third-party certified · est. 2015 · available nationwide
Score breakdown
Shariah integrity
30/35
Transparency
19/20
Cost / value
12/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B+
Allied Asset AdvisorsHigh confidence
Third-party certified · est. 2000 · available nationwide
Score breakdown
Shariah integrity
32/35
Transparency
18/20
Cost / value
6/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B+
SPFundsHigh confidence
Third-party certified · est. 2019 · available nationwide
Score breakdown
Shariah integrity
30/35
Transparency
20/20
Cost / value
12/15
Track record
10/10
Verified data
12/20
Data verified Jul 2026Verification overdue - 8 points deductedIs this your company? Verify your data →
B+
Amal InvestMedium confidence
Third-party certified · est. 2021 · available nationwide
Score breakdown
Shariah integrity
30/35
Transparency
18/20
Cost / value
4/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B
MusaffaMedium confidence
Formal Shariah board · est. 2020 · available nationwide
Score breakdown
Shariah integrity
35/35
Transparency
14/20
Cost / value
4/15
Track record
10/10
Verified data
12/20
Data verified Jul 2026Verification overdue - 8 points deductedIs this your company? Verify your data →
B-
ZoyaAwaiting verified dataMedium confidence
Named-scholar oversight · est. 2020 · available nationwide
What we're missing to score higher:
- No fee data on file
- Data not yet confirmed with HalalWallet
Data verified Jul 2026Is this your company? Verify your data →
B-
ShariaPortfolioAwaiting verified dataMedium confidence
Named-scholar oversight · est. 2013 · available nationwide
What we're missing to score higher:
- No fee data on file
- Data not yet confirmed with HalalWallet
Data verified Jul 2026Is this your company? Verify your data →
B-
Amana FundsAwaiting verified dataMedium confidence
Third-party certified · est. 1986 · available nationwide
What we're missing to score higher:
- No fee data on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Azzad Asset ManagementAwaiting verified dataMedium confidence
Third-party certified · est. 2000 · available nationwide
What we're missing to score higher:
- No fee data on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →

Islamic Wills & Estate Planning

Compare all islamic wills & estate planning options →

Services producing legally valid US wills that follow Faraid inheritance rules.

A
Sharia WizHigh confidence
Third-party certified · est. 2019 · available nationwide
Score breakdown
Shariah integrity
34/35
Transparency
19/20
Cost / value
15/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B
MyWassiyahHigh confidence
Named-scholar oversight · est. 2018 · available nationwide
Score breakdown
Shariah integrity
33/35
Transparency
18/20
Cost / value
15/15
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B
MinaWillHigh confidence
Named-scholar oversight · est. 2020 · available nationwide
Score breakdown
Shariah integrity
33/35
Transparency
17/20
Cost / value
15/15
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B-
The Islamic Seminary of AmericaAwaiting verified dataHigh confidence
Named-scholar oversight · est. 2010 · available nationwide
What we're missing to score higher:
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Muslim.EstateAwaiting verified dataMedium confidence
Named-scholar oversight · available nationwide
What we're missing to score higher:
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
BayaaniAwaiting verified dataMedium confidence
Named-scholar oversight · available nationwide
What we're missing to score higher:
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Nikah PrenupAwaiting verified dataMedium confidence
Named-scholar oversight · available nationwide
What we're missing to score higher:
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →

Halal Bank Accounts

Compare all halal bank accounts options →

Interest-free checking, savings, and deposit accounts from riba-free banks and credit unions.

A
UIFHigh confidence
Formal Shariah board · est. 2005 · available nationwide · Musharakah
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / value
13/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Stearns BankHigh confidence
Formal Shariah board · est. 1912 · available nationwide · Varies by product
Score breakdown
Shariah integrity
34/35
Transparency
15/20
Cost / value
10/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B+
Bank of WhittierMedium confidence
Third-party certified · est. 1998 · available nationwide · RF (Riba Free) Banking - Amana safekeeping and profit-sharing
Score breakdown
Shariah integrity
30/35
Transparency
19/20
Cost / value
4/15
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B-
LARIBA American Finance HouseAwaiting verified dataMedium confidence
Formal Shariah board · est. 1987 · available nationwide · Musharakah
What we're missing to score higher:
- No fee data on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Jafari Credit UnionAwaiting verified dataHigh confidence
No public Shariah review · est. 2016 · ~1 states · Qard Hasan
What we're missing to score higher:
- No public Shariah review on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →

Halal Business Financing

Compare all halal business financing options →

Commercial real estate, equipment, and small-business financing structured as Ijara, Murabaha, or Musharakah.

A
Ijara Community DevelopmentHigh confidence
Formal Shariah board · est. 2005 · available nationwide · Ijara
Score breakdown
Shariah integrity
34/35
Transparency
20/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A
UIFHigh confidence
Formal Shariah board · est. 2005 · ~22 states · Musharakah
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Stearns BankHigh confidence
Formal Shariah board · est. 1912 · ~1 states · Varies by product
Score breakdown
Shariah integrity
34/35
Transparency
15/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
A-
Bank of WhittierHigh confidence
Third-party certified · est. 1998 · available nationwide · RF (Riba Free) financing, LARIBA discipline
Score breakdown
Shariah integrity
30/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B
Devon BankHigh confidence
Formal Shariah board · est. 2003 · ~1 states · Murabaha / Ijara
Score breakdown
Shariah integrity
34/35
Transparency
19/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B
LARIBA American Finance HouseHigh confidence
Formal Shariah board · est. 1987 · available nationwide · Musharakah
Score breakdown
Shariah integrity
34/35
Transparency
18/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B-
Jafari Credit UnionAwaiting verified dataHigh confidence
No public Shariah review · est. 2016 · ~1 states · Qard Hasan
What we're missing to score higher:
- No public Shariah review on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →
B-
Neighborhood Development CenterAwaiting verified dataMedium confidence
No public Shariah review · ~1 states · Islamic Financing
What we're missing to score higher:
- No public Shariah review on file
- Founding year not on file
- Data not yet confirmed with HalalWallet
Awaiting provider verificationIs this your company? Verify your data →

Halal Retirement Accounts

Compare all halal retirement accounts options →

Shariah-compliant IRAs and 401(k) options from Islamic fund managers and robo-advisors.

A-
Wahed InvestHigh confidence
Third-party certified · est. 2015 · available nationwide
Score breakdown
Shariah integrity
30/35
Transparency
19/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
20/20
Recently verified Aug 2026Is this your company? Verify your data →
B
LARIBA American Finance HouseHigh confidence
Formal Shariah board · est. 1987 · available nationwide
Score breakdown
Shariah integrity
34/35
Transparency
19/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
0/20
Awaiting provider verificationVerification overdue - 20 points deductedIs this your company? Verify your data →
B
ShariaPortfolioHigh confidence
Named-scholar oversight · est. 2013 · available nationwide
Score breakdown
Shariah integrity
24/35
Transparency
17/20
Cost / valuenot scored - insufficient data (grade rescaled)
Track record
10/10
Verified data
12/20
Data verified Jul 2026Verification overdue - 8 points deductedIs this your company? Verify your data →

Heritage providers: 25+ years of service

The Index deliberately doesn't score longevity - a one-year-old provider with strong oversight competes on equal footing. But decades of serving Muslim communities is real trust, earned the slow way, and it deserves to be named. These providers have each operated for 25 years or more, per their documented founding dates in our registry:

Stearns Banksince 1912 Amana Fundssince 1986 Ameen Housing Cooperativesince 1996 Bank of Whittiersince 1998 Allied Asset Advisorssince 2000 Azzad Asset Managementsince 2000

Get the Halal Money Index report (PDF)

Every US halal provider graded on Shariah integrity, transparency, and value - the full scorecard PDF, plus alerts when grades change

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How the grades work

Pillar	Points	What we measure
Shariah integrity	35	Strength of oversight, calibrated to the category norm: formal Shariah board (strongest, more with AAOIFI-standard screening) → third-party certification → named scholar → no public review (weakest). Claims require published evidence - an unsubstantiated “formal board” scores at the named-scholar tier.
Transparency	20	Are the board members named? Is the methodology published? Are fees in plain sight? Plus data completeness: the more of their profile a provider shares with us, the more they earn - disclosure always beats silence.
Cost / value	15	Value for money, not just price: pricing transparency plus professional value signals (for example, licensed attorneys behind an estate plan). Scored only where verifiable data exists - otherwise the grade rescales rather than guesses.
Track record	10	A legitimacy check, not a longevity contest: at least a year in operation earns full marks. Decades in business don't add points - but brand-new pop-ups and undisclosed founding dates can't hold a top score.
Verified data	20	Providers who confirm their data with HalalWallet keep the full credit; it decays when data goes stale and is zero for providers who have never verified. State coverage is displayed but never scored - a one-state provider can be the best provider.
Editor's pick	4	Positive-only editorial points for real, documented benefits no rubric can quantify - for example, a financer absorbing natural-disaster losses instead of billing the borrower. Awarded only with a published rationale; partner status is irrelevant. A perfect 100 requires it, but an A doesn't.

Letter scale

A 90+ · A- 85+ · B+ 78+ · B 70+ · B- 0+. B− is the floor: it means we don't yet have enough verified information to score the provider higher - not that the provider is bad. Floor-tier rows show what's missing instead of a numeric score, because that number would measure our data coverage rather than the provider. Products with structural red flags, such as undisclosed riba, are removed from the Index rather than graded.

Verify or lose points

Verified data is worth 20 points - a fifth of the grade. Past 30 days without confirming, the credit decays (−8, then −14 at 60 days, −20 at 90 or never) until the provider re-confirms - free, in about a minute, through the provider portal.

The Index is an editorial transparency rating, not a religious ruling or financial advice. Grades are computed from HalalWallet's provider registry, reviewed by our editorial team before publication, and recomputed when the underlying data changes. Confidence labels reflect how complete a provider's verified data is. Providers cannot pay for a grade.

Frequently Asked Questions

How to cite this page

Preferred format (HTML):

According to HalalWallet (“The Halal Money Index”, https://www.halalwallet.us/halal-money-index, retrieved 2026-08-22).

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: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.

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.