Faith-Based Banking

    Stearns Bank is committed to community-based banking that uplifts communities through financial inclusion.

    Banking for All

    For over three years, Stearns Bank has provided financial support for non-profit organizations that provide faith-based interest-free financing options to communities in Minnesota.

    Stearns Bank has now made a groundbreaking investment in community banking through the launch of its Islamic Banking Division, one of the first by a nationally chartered bank in the United States.

    Stearns Bank’s Islamic Banking Division provides a suite of banking products for customers looking for interest-free banking solutions that are aligned with their values. 

    Islamic Banking - Family Outside
    logo-mark-right

    Islamic Banking Division

    The Islamic Banking Division allows consumers, business owners, and non-profit organizations to earn non-monetary benefits on their Salaam Checking Accounts and interest-free profit sharing on their Salaam Savings Accounts.

    The Islamic Banking Division also provides interest-free financing solutions including equipment financing, vehicle financing, commercial real estate and construction financing.

    Stearns Bank's Islamic Banking Division aims to be the banking partner of choice for ethical banking practices that are competitively priced and interest-free. All of our deposit and financing products have been reviewed and approved by our independent Sharia Supervisory Board comprised of renowned scholars who are experts in Islamic Finance.

    Islamic Banking - Stearns Financial
    logo-mark-left

    Islamic Banking Leadership Team

    Get in touch with Mufti Ibrahim Essa
    Mufti Ibrahim Essa
    Sharia Supervisory Board; Faculty Member, Darul Uloom Karachi
    Get in Touch
    Get in touch with Shaykh Taha Abdul-Basser
    Shaykh Taha Abdul-Basser
    Sharia Supervisory Board; Managing Partner; Straightway Ethical
    Get in Touch
    Get in touch with Mufti Mirza-Zain Baig
    Mufti Mirza-Zain Baig
    Sharia Supervisory Board; Resident Mufti, Canadian Center for Islamic Research & Ifta
    Get in Touch
    Get in touch with Irshad Rasheed
    Irshad Rasheed
    President and Board Chair
    Get in Touch
    Get in touch with Carmen Muhl
    Carmen Muhl
    VP, Senior Director of Treasury and Islamic Banking
    Get in Touch
    Get in touch with Zeshan Gondal
    Zeshan Gondal
    Senior Vice President
    Get in Touch
    Get in touch with Heather Plumski
    Heather Plumski
    Board Member
    Get in Touch
    Get in touch with Dr. Aamir Rehman
    Dr. Aamir Rehman
    Board Member
    Get in Touch