The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?”

As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance.

In some cases, the entire institution is Shariah-compliant. In other cases, the overall institution is not Shariah-compliant but it has a division or subsidiary that is, or it offers a product that is Shariah-compliant. In still more cases, some of the entities listed below do not offer financial products at all, but play key roles in enabling Shariah Compliant Finance in the West.

We went to great lengths to confirm each of the names listed below. However, there may be institutions that we have overlooked. We encourage readers to contact us with questions, comments and criticisms via the Comments section below:

Accounting and Auditing Organization for Islamic Financial Institutions

AIG

Amana Mutual Funds Trust

Ameen Housing Cooperative

Bank of America

Anchor Finance Group

Arcapita

Al-Baraka Bancorp

Barclays

Beam Capital Management

Bloomberg

The BMB Group

BNP Paribas

Calyx Financial

Century 21

J.P. Morgan Chase

CIMB Group

CitiBank

Clearstream

The Coca-Cola Company

Credit Suisse

Deloitte

Deutsche Bank

Devon Bank

Dow Jones

Ernst & Young

Failaka Advisors

The Fairfax Institute

Fiqh Council of North America

Fitch Ratings

GE Capital

Goldman Sachs

Guidance Financial

Guidance Residential

Harvard Law School

HSBC

Idealratings.com

Iman Fund/Allied Asset Advisors

Ijara Loans

International Institute of Islamic Thought (IIIT)

International Islamic Financial Market

International Shariah Research Academy for Islamic Finance (ISRA)

Islamic Financial Services Board (IFSB)

KPMG

LARIBA

Merrill Lynch & Co.

Moody’s Investor Services

Morgan Stanley

Bank of New York Mellon

NASDAQ

Natwest

Royal Bank of Scotland (RBS)

Shariah Capital

Standard Chartered Bank

Standard & Poor’s

Thomson Reuters

UBS

UIB Capital

University Islamic Financial Corporation

Virji Investments

Wafra Investment Advisory Group

Wellington Management

Westlaw

Bank of Whittier

Wolters Kluwer Financial Services

World Islamic Economic Forum

Zayan Takaful

 

One Response to Does Your Financial Institution Participate in Shariah Compliant Finance?

  1. Hi there, I am just wondering where we can find proof that this is happening and in what capacity each bank is involved.
    This would be a huge case for the FBI, they would be all over it.

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