Where to Find an Islamic Mortgage
Do you want to buy a home, but without violating Islamic laws against usury (riba')? The following banks and brokerage institutions offer Islamic, or no riba', home mortgages which are compliant with Islamic law. Each company has its own mortgage model, pricing structure, and application requirements, so the consumer is advised to engage in independent research. Seek advice from a real estate lawyer, accountant, and tax professional before committing to any purchase plan.
Lariba - American Finance House
- Headquarters: Pasadena, California, USA
- Region(s) Served: All U.S. States -- either directly or through affiliate, Bank of Whittier
- Toll-Free Phone Number: 1-888-LARIBA1
- Types of Property: House, condominium, townhouse
University Islamic Financial
- Headquarters: Ann Arbor, Michigan, USA
- Region(s) Served: CA, CT, IL, IN, MD, MI, NJ, NY, OH, PA, TX, VA
- Toll-Free Phone Number: 1-800-916-UIFC
- Member FDIC: Yes
- Types of Property: New & Existing Single Family Home, Condominium, Manufactured Home, Multi-Unit Dwelling
Guidance Residential
- Headquarters: Reston, Virginia, USA
- Region(s) Served: CA, CT, FL, GA, IL, MA, MD, MI, MN, MO, NC, NJ, NY, OH, OR, PA, SC, TN, TX, VA, WA, WI
- Toll-Free Phone Number: 1-866-GUIDANCE
- Types of Property: Single Family, Townhouse, Condominium, Multi-Unit Dwelling, Investment Property
UM Financial
- Headquarters: Toronto, Ontario, CANADA
- Toll-Free Phone Number: 1-866-88-ISLAM
- Types of Property: Commercial and residential
Assiniboine Credit Union - Islamic Mortgage Program
- Headquarters: Winnipeg, Manitoba, CANADA
- Region(s) Served: Manitoba, ACU members only
- Toll-Free Phone Number: 1-877-958-8588
- Types of Property: Existing property to be used as a primary residence
IBB Islamic Bank of Britain
- Headquarters: UK
- Region(s) Served: England, Wales, Scotland
United National Bank
- Headquarters: UK
- Region(s) Served: England, Wales, Scotland
- Types of Property: Home and business