Does Your Financial Institution Participate in Shariah Compliant Finance?

Shariah Finance Watch ^ | 26 June 12 | Unattributed

[LSUfan]

The most common requests we receive at Shariah Finance Watch 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:

[GraceG]

Mine doesn’t but I have been dinged a few times for daring to move money around between my savings and checking accounts....

http://en.wikipedia.org/wiki/Regulation_D_(FRB)

Because of this asinine federal meddling regulation....

All becasue I dared to transfer money from saving to checking so I wouldn’t overdraft my checking on several emergency purchases... And it wasn’t the bank’s fault... THEY ARE FORCED TO FINE ME BECAUSE OF THE “FEDERAL” REGULATION!!!!

I wonder how many people get pissed off at their bank but should instead be pissed off at their Federal Government.

I think it is a Marxist trick to disenfranchise people AGAINST their banks and other financial institutions...

[Venturer]

I didn’t see my bank listed there, and that is good. Now I won’t have to move my account.

[Sequoyah101]

ONLY on DEPOSITS.