List of Islamic Banks in the USA

Key Takeaways

• Islamic banking in the U.S. is primarily offered via Islamic finance divisions within conventional banks that adhere to Sharia law.
• Prominent providers include Stearns Bank’s Salaam Banking program and University Islamic Financial offering halal deposit accounts and home financing.
• Amana Mutual Funds provides Sharia-compliant investment options via mutual funds rather than traditional banking.
• Dedicated full-fledged Islamic banks are rare due to regulatory structures favoring interest-based banking systems.
• Islamic financial services in the U.S. span mortgages, checking/savings accounts, and investments structured around profit-sharing or cost-plus models.