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Islamic Finance Briefing - Categorized | Banking, Market Moves more

US: Devon Bank finds market for Islamic financing

Posted on 18 January 2010

From Northwestern.edu: In 2003, Devon Bank started its Islamic finance division. A community bank in West Rogers Park, it has since expanded and adapted what it calls its faith-based financing services, becoming a pioneer in Islamic finance in the U.S. The Islamic Finance News recently recognized it as the “Best Islamic Bank” in the U.S. in 2009.
Now the bank offers Islamic banking services in 38 states, with plans to expand to all 50. The bank is also looking into auto and education financing, and Shariah-approved investment products…………………………………..Full Article: Source

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