If you’re exploring halal home financing or Shariah-compliant banking options, you might pause when you find out we’re owned by a bank.
It’s a fair question — and the great news is, being part of a full-service, community-focused bank is not just a benefit, it’s one of our greatest strengths.
As a federally designated Minority Depository Institution (MDI), Devon Bank exists to serve underserved communities — not just through home financing, but through comprehensive, values-based financial solutions that uplift individuals and families across generations.
Let’s break it down. Here’s why being part of a bank makes us a better, safer, and more trustworthy choice for Islamic finance
1. More Than Just Home Financing — We’re a One-Stop Shop for Halal Financial Services
Unlike companies that only offer Islamic home financing, Devon Bank provides a full ecosystem of halal financial tools — all under one roof.
When you bank with us, you’re partnering with an institution that offers:
- 🏦 No-interest checking accounts
- 📈 Shariah-compliant wealth management
- 💳 Financial services tailored to your values and lifestyle
Whether you’re saving for your first home, planning for retirement, or managing everyday expenses, Devon Bank helps you stay true to your faith without compromising your financial goals.
2. Safe, Secure, and Backed by the FDIC
Your trust and security are at the heart of what we do.
As part of a regulated, FDIC-insured community bank, your funds and financial products are:
- Protected up to the applicable FDIC insurance limits
- Built with transparency, ethics, and accountability
- Overseen by regulatory bodies that enforce financial integrity
In an age where financial uncertainty is real, being backed by a bank offers the peace of mind and reliability you deserve.
3. Nearly 80 Years of Rooted Service & Community Trust
Devon Bank isn’t a new player in the Islamic finance space. We’ve been pioneering ethical banking for nearly eight decades, long before it became a trend.
Our legacy includes:
- Helping thousands of families become homeowners through Murabaha financing
- Supporting community development with inclusive financial services
- Building long-standing relationships based on trust, service, and integrity
As an MDI, we’re not just serving customers — we’re serving communities, especially those often overlooked by mainstream banking.
4. Proudly Endorsed by the Shariah Board of America
We take our commitment to Shariah compliance seriously.
That’s why our home financing program has been reviewed and approved by the Shariah Board of America, a leading Islamic organization of qualified scholars providing faith-based guidance across North America.
🔎 Read what they’ve said about us:
We are proud to offer financing that is not only regulatory-compliant, but also faith-approved — giving you confidence in every transaction.
In Summary: Why Our Bank Ownership Matters to You
Being owned by a bank — especially one that’s a Minority Depository Institution — is not a drawback. It’s a powerful reason to trust Devon Islamic.
When you choose us, you get:
✔ Full-service Islamic Financing under one roof
✔ FDIC protection and regulatory oversight
✔ A long-standing legacy of ethical finance
✔ Verified Shariah compliance from respected scholars
✔ A mission-driven team committed to serving diverse communities
We don’t just talk about values — we live them, every day.
👉 [Start Your Halal Financing Journey Today]
