Fair Meridian rates providers on five dimensions: Sharia compliance (quality of certification body and Sharia board credentials), transparency (clarity of fee and contract disclosure), customer service (response time, complaint history, BBB rating), rate competitiveness (profit rates vs. market average), and overall. Ratings are based on independent research — provider websites, NMLS records, customer reviews, and direct contact. No provider pays to receive a higher rating.
Guidance Residential is our top-rated Islamic mortgage provider overall, with the largest track record ($10B+ financed), AAOIFI certification, and all-50-state coverage. UIF Corporation is our top recommendation for Michigan buyers and anyone seeking Ijara as an alternative to Musharakah. Devon Bank is best for buyers who want an FDIC-insured institution. The best provider for you depends on your state, property type, and financing preferences.
SP Funds' SPUS is our top-rated halal ETF — AAOIFI certified, 0.45% expense ratio, available on all major brokerages with no minimum investment, and tracks approximately 200 Sharia-compliant S&P 500 stocks. For fixed income exposure, SPSK is the top-rated halal bond ETF. For real estate exposure, SPRE is the only Sharia-compliant global REIT ETF. For a complete robo-advisor experience, Wahed Invest is our top pick.
It depends on your goals. SPUS is a single equity ETF with a 0.45% expense ratio — you build your own portfolio. Wahed Invest is a managed multi-asset robo-advisor (equities, sukuk, gold) with a $100 minimum and automated rebalancing — it manages diversification for you. SPUS is better for cost-conscious self-directed investors who want halal S&P 500 exposure. Wahed is better for investors who want professional portfolio management and don't want to build their own portfolio.