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LIST OF ISLAMIC BANKS IN THE USA, UK, CANADA, GERMANY

LIST OF ISLAMIC BANKS

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The list of Islamic banks in the USA, UK, Canada, and Germany refers to the institutions that offer financial services compliant with Sharia law, particularly the prohibition of Riba (interest).

The list typically includes well-established banks, along with several others that provide Islamic mortgages, savings, and investment products.

The list of Islamic banks serves as a guide for Muslim individuals and businesses seeking financial services that align with their faith; by highlighting Islamic banks available in these major Western economies, the list provides clarity and accessibility, helping clients identify trusted institutions that can cater to their unique needs.

This list is crucial for Muslims living in these Western countries because it provides clarity and accessibility in identifying financial institutions that respect their faith as many Muslims avoid conventional loans due to the prohibition of interest in Islam.

LIST OF ISLAMIC BANKS IN THE USA, UK, CANADA, GERMANY, FRANCE, BELGIUM

Here’s a compiled list of Islamic banks and financial institutions offering Sharia-compliant services (without interest) in the USA, UK, Canada, and Germany, based on available sources:

United States

  • UIF Corporation (University Islamic Financial) — Offers home, commercial, and vehicle financing based on Murabaha, Ijara, and partnership models.
  • Devon Bank (Islamic Financing Department) — Provides Murabaha and Ijara home financing, home equity and commercial real estate finance.
  • Guidance Residential — Offers Sharia-compliant home financing through a Declining Balance Co-ownership (Musharakah) program.
  • LARIBA (American Finance House) — Offers home and auto financing structured per Islamic principles.

United Kingdom

  • Al Rayan Bank — One of the oldest and largest Sharia-compliant banks in the UK, offering mortgages and ethical savings.
    AlRayan Bank
  • Gatehouse Bank — Regulated UK Islamic bank offering home finance and savings with profit-sharing instead of interest.
  • Abu Dhabi Islamic Bank (UK) — Provides Sharia-compliant commercial real estate financing.
  • Ahli United Bank — Offers Islamic home purchase plans and wealth management services in the UK.
  • QIB UK (Qatar Islamic Bank UK) — Provides private banking and property financing according to Islamic principles.
  • BLME (Bank of London and The Middle East) — A Sharia-compliant bank offering wealth management, real estate finance, and savings in the UK.

Canada

  • Manzil — Offers halal home financing and investment solutions, reviewed by Sharia supervisory boards and AAOIFI compliant.
    manzil.ca
  • Canadian Halal Financial Corporation — Provides Murabaha and diminishing Musharakah home financing compliant with Sharia law.
    Canadian Halal Financial Corporation
  • Ijara Community Development Corp (IjaraCDC) — Offers various Riba-free Islamic financing programs tailored for the Canadian market.
    ijaracdc.com

Germany

  • KT Bank AG — Germany’s first Islamic bank, offering asset-backed financing and deposit products aligned with Sharia principles.
    KT Bank AG
  • Emerging providers (e.g., INAIA) — There’s emerging interest and limited offerings, such as interest-free options tailored to Muslim clients, but these remain niche.

France

  • Union de Banques Arabes et Françaises (UBAF)
    A specialist in Islamic trade finance and treasury services, with operations in Paris. It offers Islamic-compliant financing solutions for corporate clients.
  • Chaabi Bank (Banque Chaabi du Maroc)
    A French retail bank offering Sharia-compliant current accounts (halal accounts) but no Islamic mortgages due to limited domestic regulatory support.
  • Sharia-compliant fund providers (non-bank)
    Several asset management firms in France now manage Sharia-compliant mutual funds (e.g., 10-year Murabaha-based home finance funds aimed at retail clients).

Belgium

  • Islamic financial offerings are still extremely limited.
    Belgian regulations have not yet enabled full Islamic banking services (e.g., halal mortgages or accounts), though interest exists. No licensed Islamic bank currently operates there.
    islamic-crowdfunding.com

ISLAMIC-CAR-LOAN  AUSTRALIA  USA  UK  ISLAMIC-LOAN-WITHOUT-INTEREST  SOUTH-AFRICA  CANADA  ISLAMIC-PERSONAL-LOAN  ISLAMIC-LOAN-CALCULATOR  ISLAMIC-BUSINESS-LOAN  ISLAMIC-LOAN-FOR-STUDENT  HALAL-MORTGAGE  BELGIUM  NETHERLANDS  ISLAMIC-COLLEGE SCHOLARSHIP  LIST-OF-ISLAMIC-BANKS  UAE  ISLAMIC-LIFE-INSURANCE  ISLAMIC-LEASING  ISLAMIC-CAR-INSURANCE  IRELAND  INDIAGERMANYQARDH-UL-HASANIJARAH-WA-IQTINAUSA-ISLAMIC-INSURANCEINDIA-ISLAMIC-INSURANCESPAINUK-ISLAMIC-INSURANCEMOROCCOSWEDENISLAMIC-LOAN-FOR-STARTUPNEW-ZEALANDISLAMIC-HEALTH-INSURANCEISLAMIC-TRAVEL-INSURANCEISLAMIC-CREDIT-CARDIJARAHAWALAISLAMIC-FUNERAL-INSURANCENORWAYDENMARKMALAYSIAMURABAHAFRANCEQATARITALYETHIOPIACANADA-ISLAMIC-INSURANCEPAKISTANMOSQUE-INSURANCESWITZERLANDAUSTRALIA-ISLAMIC-INSURANCEALGERIAAUSTRIA-ISLAMIC-LOANSINGAPORELONDON-ISLAMIC-LOAN