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Azzad Asset Management vs Devon Bank: Islamic Finance Comparison

Azzad Asset Management

4.5
VS

Devon Bank

4.5

Azzad Asset Management

Profit Rate

Contact for rates

Min Down

Contact

States

All 50

Verified

Yes

investinginvestinginvesting

Devon Bank

Profit Rate

7% – 8%

Min Down

20%

States

20 states

Verified

Yes

mortgagebanking

Detailed Rating Comparison

Azzad Asset ManagementCategoryDevon Bank
4.5

Overall Score

4.5
4.7

Sharia Compliance

4.8
4.6

Transparency

4.6
4.5

Customer Service

4.5

States Served

Azzad Asset Management — All 50 States

🌎 Nationwide coverage

Available in all 50 US states

Devon Bank — 20 States

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Fair Meridian Verdict

Azzad Asset Management

Falls Church, VA-based Islamic wealth management firm founded 1997. Offers the Azzad Ethical Fund (only halal mid-cap fund in the US) and Azzad Wise Capital Fund (first halal fixed Independently rated 4.5/5 with particularly strong scores on Sharia compliance.

Devon Bank

Chicago-based community bank offering Islamic home financing since 2003. Located on Devon Avenue, Chicago's famous international corridor. FDIC-insured, ISNA-certified. Independently rated 4.5/5 with particularly strong scores on Sharia compliance.

* Ratings based on independent editorial review. We may receive a referral fee if you apply through our links — this does not affect our ratings.

Apply at AzzadFull Review
Apply at DevonFull Review

Fair Meridian Verdict: Azzad Asset Management vs Devon Bank

Azzad Asset Management

Azzad Asset Management is our top recommendation for Muslim investors seeking the only halal mid-cap fund in the US, investors needing a fixed income alternative (Azzad Wise Capital Fund), and families wanting integrated Islamic financial planning. Its 29-year track record, Amanie Advisors certification, and 2025 Lipper Fund Award make it one of the most credible halal asset managers in the country.

Full review

Devon Bank

Devon Bank is our top pick for Chicago-area buyers and for buyers who want to consolidate their banking and home financing at an FDIC-insured institution. Its 80+ year history, full banking services, and ISNA certification make it uniquely trustworthy. Primary limitation is geographic coverage (~20 states).

Full review

Ratings based on independent editorial research. No provider pays to receive a higher score.

Who Should Choose Each Provider?

Choose Azzad Asset Management if…

  • You are buying in any of the 50 US states
  • You are buying near Falls Church and want in-person service
  • Falls Church, VA-based Islamic wealth management firm founded 1997

Choose Devon Bank if…

  • You prefer ISNA certification — the leading North American Islamic body
  • You are buying near Chicago and want in-person service
  • Chicago-based community bank offering Islamic home financing since 2003

State Coverage Comparison

Azzad Asset Management — All 50 States

Azzad Asset Management is licensed in all 50 US states. See local options by state →

Devon Bank — 20 States

ILINWIMNMOMIOHTXGAFLCAVA+8 more

Frequently Asked Questions

Azzad Asset Management and Devon Bank are equally rated in our independent assessment. The best choice depends on your state availability, preferred financing structure, and down payment.

Yes. Azzad Asset Management is licensed in all 50 US states.

Devon Bank serves 20 states: IL, IN, WI, MN, MO, MI, OH, TX, GA, FL and more.

Azzad Asset Management: Falls Church, VA-based Islamic wealth management firm founded 1997. Offers the Azzad Ethical Fund (only halal mid-cap fund in the US) and Azzad Wise Capital Fund (first halal fixed income fund in the US), plus comprehensive financial planning for Muslim families. Devon Bank: Chicago-based community bank offering Islamic home financing since 2003. Located on Devon Avenue, Chicago's famous international corridor. FDIC-insured, ISNA-certified. See the full rating breakdown and product comparison above.

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