Bank of Whittier Review

Riba-free automobile financing from Bank of Whittier, N.A., offered for new car purchases only under the bank's RF (Riba Free) discipline. The financing follows the LARIBA approach of investing in the vehicle's use value rather than renting money, documented on standard regulatory contracts with the bank's RF process rider. Available in all 50 states through the internet-operated bank.

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.

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.

Riba-free home financing from Bank of Whittier, N.A. using the LARIBA model of Declining Participation in Usufruct (DPU), a declining Musharaka in rent. The bank marks each property to market using actual rental values of comparable homes in the neighborhood; the monthly payment combines a return-of-capital component with a share of that market rent, and if the analysis shows the home is overpriced relative to rents, the model flags it so the buyer can renegotiate or walk away. Purchase, refinance, cash-out, and jumbo financing are offered in all 50 states, with standard industry contracts plus a Final RF Term Sheet rider documenting the RF process and rental basis.

Riba-free business and commercial financing from Bank of Whittier, N.A. under the LARIBA RF discipline, which evaluates each deal as an investment in the productive use of the financed asset rather than a loan of money at interest. The bank also offers dedicated non-profit financing for community organizations such as mosques and schools. Available in all 50 states; following the July 2026 University Bancorp acquisition, roughly $60 million of the bank's cash is earmarked for deployment into faith-based financings.

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.