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    Salaam Business Banking

    Interest-free checking and profit-sharing savings solutions

    We offer profit sharing, convenient access to your funds at any time, and people who are always ready to assist you. All of our deposit and financing products have been reviewed and approved by our independent Faith-Based Banking Advisory Board comprised of renowned scholars who are experts in Islamic Finance.

    Islamic Banking - Businessmen Talking

    Salaam Business Checking 

    The Salaam Checking Account is an interest-free account that can help you meet your day-to-day business banking needs. The Salaam Checking Account has no minimum balance requirement and no maintenance fees. It also includes waived fees on up to five international wire transfers per month so you can pay your clients internationally effortlessly.

     

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    Islamic Banking - Woman at a Computer

    Salaam Business Market Savings

    Earn interest-free profit-based returns on your deposits through Stearns Bank’s Salaam Savings Account. We offer profit sharing with an expected profit derived from Stearns Bank’s Islamic Banking Division financing portfolio. Your funds are not invested in interest-bearing instruments and are kept separate from interest-bearing deposits.

    Stearns Bank also offers customized solutions to extend FDIC insurance well beyond the $250,000 limit so that your funds remain secure.

     

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    Islamic Banking - Group at Computer

    Salaam Nonprofit Banking Solutions

    Nonprofit organizations like schools and mosques can finally start to earn interest-free returns on their deposits through the Salaam Nonprofit Savings Account. We offer profit sharing with an expected profit derived from Stearns Bank’s Islamic Banking financing portfolio. Our Salaam Nonprofit Checking Account is perfect for operational needs like accepting donations, paying utility bills, and payroll.

    All of our Salaam Nonprofit accounts are interest-free and we offer customized solutions to extend FDIC insurance beyond $250,000.

     

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    Online banking

    StearnsConnect

    Take your banking with you – everywhere you go.

    StearnsConnect is the online banking platform that puts banking at your fingertips anywhere, anytime, from any device.

    • Check balances, transactions and deposits
    • Customize email and text alerts
    • View online statements
    • Transfer funds
    • Pay bills and schedule payments
    • Wire funds from your mobile phone
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    Fraud Prevention Programs at Stearns Bank

    Financial Fraud Protection

    Stearns Bank program recognizes latest scams

    Anyone can fall victim to financial fraud. Fraud schemes are becoming more sophisticated and difficult to detect. Stearns Bank has a robust fraud prevention program to monitor threats and take action. If we notice suspicious or unusual activity on your business or personal accounts, we will intervene to help prevent financial loss. Contact us if you suspect fraudulent activity on your Stearns Bank account.

    See our blog on fraud prevention programs at Stearns Bank.

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    Islamic Banking Leadership Team

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