Stearns Salaam Banking
The mission of Stearns Salaam Banking is to allow all Americans to thrive financially while staying true to the principles of their faith.
Our goal is to be the leading Islamic banking services provider in the United States, delivering innovative, ethical financial solutions that empower individuals and businesses to thrive.
Who We Are
Stearns Salaam Banking (“SSB”) is a division of Stearns Bank N.A., which offers a full suite of Islamic banking products encompassing checking and savings accounts as well as various financing products for consumers, businesses and nonprofits.
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.
Core Values
Islamic Ethics: Uphold the highest standards of ethical conduct guided by Islamic principles.
Innovation: Pioneering financial solutions that solve customer needs while remaining true to Islamic law.
Customer-Centricity: Focus on customer needs and provide best-in-class service with competitive pricing.
Lifelong Partnership: Serve the various financial needs of customers at the business, non-profit, and personal level at each stage of life.
Community Engagement: Actively participate in and contribute to the development of the Muslim American community.
- Islamic Commercial Financing
- Islamic Equipment Financing
- Salaam Business Accounts
- Salaam Personal Accounts
- Commercial real estate financing
- Construction financing
- Real estate-backed lines of credit
We offer the flexibility of providing funding for buying a plot of land, an existing building, or funds for construction for businesses and nonprofit organizations. While we do not currently provide Islamic financing for personal homes, we can finance commercial properties and investment properties for rental income.
Salaam Business Checking is an interest-free account that can help with your day-to-day banking needs with no minimum balance requirement and no maintenance fees.
Salaam Business Market Savings allows you to earn interest-free, profit-based returns on your deposits. Funds are not invested in interest-bearing instruments and are kept separate from interest-bearing deposits.
Salaam Nonprofit Banking Solutions meet the operational needs of nonprofit organizations, like accepting donations, paying bills, and payroll, while remaining interest-free.
Salaam Personal Checking is an interest-free account that can help with your day-to-day banking needs with no minimum balance requirement and no maintenance fees.
Salaam Personal Market Savings allows you to earn interest-free, profit-based returns on your deposits. Funds are not invested in interest-bearing instruments and are kept separate from interest-bearing deposits.