1 Abrar Investments, Inc.
2 Al-Baraka Bancorp Inc.
3 Al-Madina Realty, Inc.
4 Al-Manzil Islamic Financial Services
5 Amana Mutual Funds Trust
6 Ameen Housing Co-operative
7 American Finance House
8 BMI Finance & Investment Group
9 Dow Jones Islamic Index Fund of the Allied Asset Advisors Funds
10 Failaka Investments, Inc.
11 Fuloos Incorporated
12 Hudson Investors Fund, Inc.
13 MSI Finance Corporation, Inc.
14 Samad Group, Inc.
15 Shared Equities Homes
16 MEF Money
17 Islamic Credit Union of Minnesota
18 United Mortgage
Trading
List of Islamic Finance Providers in the United States
Published by Gbaf News
Posted on April 12, 2013
1 min read· Last updated: December 7, 2018
Key Takeaways
- The U.S. hosts a niche but growing sector of Islamic finance providers.
- Providers span home financing, investment funds, and halal banking products.
- Key players include Amana Mutual Funds Trust, Manzil Invest, UIF, LARIBA, and Guidance Residential.
- Islamic finance structures like Musharakah, Murabaha, and Ijara are commonly used instead of interest.
References
Frequently Asked Questions
What types of services do Islamic finance providers in the U.S. offer?
They offer Shariah‑compliant home financing (Musharakah, Murabaha, Ijara), investment funds, halal banking accounts, and mutual funds.
Who are some established providers?
Notable providers include Amana Mutual Funds Trust, Manzil Invest, UIF, LARIBA, Guidance Residential, University Islamic Financial, and Devon Bank.
How do Islamic home financing models differ from conventional mortgages?
They replace interest with structures like co-ownership (Musharakah), cost‑plus sale (Murabaha), or lease‑to‑own (Ijara), avoiding riba.
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