Islamic Investing

The following links are by far not a comprehensive list nor are they endorsed by the ICVA,
but are provided as a benefit for anyone who is interested in Islamic Banking or Investing.

American Finance House LARIBA is the Oldest Community-Owned, Riba-Free and Shari'aa Compliant Finance Company Serving the Community in the US since 1987.

The company's main goal is to provide "LARIBA" financing to all people regardless of their national origin, religious beliefs, gender or color.
American Finance House LARIBA, since its inception, has distributed competitive profits and dividends which are believed to be proper and halal from a LARIBA point of view. The company made halal investments available to many community members.
The company specializes in single family home financing and in small and medium size business financing using the leasing model (Ajarah) and / or joint venture (Musharakah).

The Amana Funds invest according to Islamic principles. Generally, these principles require that investors avoid interest (riba) and investments in businesses such as liquor, pornography, gambling, and banks. The Funds avoid bonds and other fixed-income securities. The Funds seek protection against inflation by making long-term equity investments. Of course, no mutual fund can guarantee that it will achieve its objectives.

The primary objective of the Growth Fund is long-term capital growth. It favors companies expected to grow earnings and stock prices faster than the economy. Growth investing offers greater opportunity for long-term gain, with a related increase in price volatility.

The Income Fund seeks current income and preservation of capital. It invests only in dividend-paying common stocks, which are expected to have more stable stock prices.

Shape Financial CorporationOur sole mission is to the design and structuring of Islamic financial solutions for the capital markets and banking sectors. Our clients include banks, securities firms and prospective issuers seeking to understand the intricacies of Islamic processes and how these may open new markets or improve their operations.

Incorporated in the state of Ohio in 1986 with $7000 and Alhamdolillah has grown into $10 million in asset management through various entities. The book value of SAMAD stock has increased considerably in 15 years. Provided a Return On Investment of 5% to 21%.

Established a major Islamic Home Finance program in the USA whereby Muslims in America will have the opportunity to comply with the Shari'ah and take advantage of the U.S. tax laws. This program is presently being implemented in the states of California and Connecticut. In addition, the plan is to get the program operational on a nation wide basis.

Presently involved in establishment of an Islamic Bank under FDIC charter, under the name SAMAD American Bank Holding Corp with the main office in Northern Virginia (DC area).

Building Muslim owned and operated hotels under the franchise name "WINGATE INN". The first has been built at the Polaris Centers of Commerce in Columbus, Ohio. It opened for business in March, 1998. Presently providing an ROI of 12%. Future sites are under consideration. Presently research is being conducted to develop our own brand name chain under the name AL-HAMBRA.