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Ijara Community Development Corporation vs Allied Asset Advisors — Iman Fund: Islamic Finance Comparison

Ijara Community Development Corporation

4.3
VS

Allied Asset Advisors — Iman Fund

4.4
Higher Rated

Ijara Community Development Corporation

Profit Rate

6.9% – 7.5%

Min Down

20%

States

10 states

Verified

Yes

mortgage

Allied Asset Advisors — Iman Fund

Profit Rate

Contact for rates

Min Down

Contact

States

All 50

Verified

Yes

investinginvesting

Detailed Rating Comparison

Ijara Community Development CorporationCategoryAllied Asset Advisors — Iman Fund
4.3

Overall Score

4.4
4.8

Sharia Compliance

4.7
4.2

Transparency

4.5
4.1

Customer Service

4.3

States Served

Ijara Community Development Corporation — 10 States

CAFLILMIMNNJNYTXVAWA

Allied Asset Advisors — Iman Fund — All 50 States

🌎 Nationwide coverage

Available in all 50 US states

Fair Meridian Verdict

Ijara Community Development Corporation

Non-profit Ijara home financing since 2005, helping thousands of families. Independently rated 4.3/5 with particularly strong scores on Sharia compliance.

Allied Asset Advisors — Iman Fund

Illinois-based subsidiary of the North American Islamic Trust (NAIT), managing the Iman Fund (IMANX) — a Sharia-compliant US equity mutual fund since 2000. An $10,000 investment in 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.

Apply at IjaraFull Review
Apply at AlliedFull Review

Fair Meridian Verdict: Ijara Community Development Corporation vs Allied Asset Advisors — Iman Fund

Overall winner: Allied Asset Advisors — Iman Fund (4.4/5)

Allied Asset Advisors and the Iman Fund are our recommendation for investors who value institutional Islamic credibility through the NAIT connection, mosques and Islamic institutions managing pooled assets, and long-term investors with a proven 25-year track record. The 10-year annualized return of ~12.9% is competitive. Strong choice for conservative long-term halal equity investing.

Ijara Community Development Corporation

Trusted non-profit provider with a strong community focus. Excellent for first-time homebuyers.

Full review

Allied Asset Advisors — Iman Fund

Allied Asset Advisors and the Iman Fund are our recommendation for investors who value institutional Islamic credibility through the NAIT connection, mosques and Islamic institutions managing pooled assets, and long-term investors with a proven 25-year track record. The 10-year annualized return of ~12.9% is competitive. Strong choice for conservative long-term halal equity investing.

Full review

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

Who Should Choose Each Provider?

Choose Ijara Community Development Corporation if…

  • You prefer ISNA certification — the leading North American Islamic body
  • You want Ijara (lease-to-own) as an alternative to Musharakah
  • You are buying near Chicago and want in-person service
  • Non-profit Ijara home financing since 2005, helping thousands of families

Choose Allied Asset Advisors — Iman Fund if…

  • You are buying in any of the 50 US states
  • You are buying near Burr Ridge and want in-person service
  • Illinois-based subsidiary of the North American Islamic Trust (NAIT), managing the Iman Fund (IMANX) — a Sharia-compliant US equity mutual fund since 2000

State Coverage Comparison

Ijara Community Development Corporation — 10 States

CAFLILMIMNNJNYTXVAWA

Allied Asset Advisors — Iman Fund — All 50 States

Allied Asset Advisors — Iman Fund is licensed in all 50 US states. See local options by state →

Frequently Asked Questions

Based on Fair Meridian's independent ratings, Allied Asset Advisors — Iman Fund scores higher overall with a 4.4/5 rating. However, the best choice depends on your state, financing structure preference, and specific needs.

Ijara Community Development Corporation serves 10 states: CA, FL, IL, MI, MN, NJ, NY, TX, VA, WA.

Yes. Allied Asset Advisors — Iman Fund is licensed in all 50 US states.

Ijara Community Development Corporation: Non-profit Ijara home financing since 2005, helping thousands of families. Allied Asset Advisors — Iman Fund: Illinois-based subsidiary of the North American Islamic Trust (NAIT), managing the Iman Fund (IMANX) — a Sharia-compliant US equity mutual fund since 2000. An $10,000 investment in 2015 grew to $33,951 by September 2025. See the full rating breakdown and product comparison above.

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