Wednesday, January 7, 2009

Shariah Compliant Devon Bank


Devon Bank offers Islamic financing services designed to avoid conventional interest common in traditional banking products.

Devon Bank Islamic Finance products are built on the following principles:

1. Products must be Shariah compliant;

2. Products must fit within both Islamic and U.S. law and without the uncertainty of separate agreements;

3. Products must make good business sense, both for the bank and our customers;

4. We must keep the transaction costs as low as possible.

More here from Devon Bank

H/T: Mosque Watch