Commercial Faith Based Financing
Devon Islamic is proud to be the largest financier of masjids nationally. Devon Bank has remained one of the top providers of faith-based commercial financing. It is an honor to finance religious organizations and facilities in helping them achieve their financial objectives that are in line with their beliefs and values. All our commercial faith-based products are available in Illinois, and some products are available in other select parts of the United States.
Real Estate Purchases
We offer commercial Murabaha and Ijara transactions for real estate acquisitions and expansions.
Real Estate Lines of Credit
In any state where we can offer an Ijara transaction, we can offer a real-estate backed line of credit on a revolving, non-revolving, balloon or diminishing basis. A line of credit requires real estate equity and sufficient cash flow.
Construction Financing
Construction financing can be difficult to do in a Shariah-compliant manner, but Devon Bank has experience with a variety of construction financing methods. We can custom tailor a solution to fit your needs.