Devon Bank
Profit Rate
7% – 8%
Min Down
20%
States
20 states
Verified
Yes
Manzil
Profit Rate
7.1% – 7.8%
Min Down
20%
States
7 states
Verified
Yes
Overall Score
Sharia Compliance
Transparency
Customer Service
Devon Bank — 20 States
Manzil — 7 States
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.
Manzil
Modern Islamic fintech for home financing and wealth management. Independently rated 4.4/5 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.
Overall winner: Devon Bank (4.5/5)
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).
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 reviewManzil
Manzil is our recommendation for US Muslim investors who want a modern, digital-first halal investing platform with strong Sharia credentials. Its Canadian track record, AAOIFI + AFSC dual screening, and roadmap toward integrated Islamic banking make it one of the most promising new entrants in the US Islamic finance market. Currently investing-only in the US — mortgages coming.
Full reviewRatings based on independent editorial research. No provider pays to receive a higher score.
Based on Fair Meridian's independent ratings, Devon Bank scores higher overall with a 4.5/5 rating. However, the best choice depends on your state, financing structure preference, and specific needs.
Devon Bank serves 20 states: IL, IN, WI, MN, MO, MI, OH, TX, GA, FL and more.
Manzil serves 7 states: CA, FL, IL, MI, NJ, NY, TX.
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. Manzil: Modern Islamic fintech for home financing and wealth management. See the full rating breakdown and product comparison above.