Salaam Nonprofit Banking Accounts

Get Your $1,000 Donation

Stearns Bank offers Salaam Nonprofit Banking Checking and Savings accounts, and donates $1,000 to nonprofit organizations that maintain a Nonprofit Banking Savings account for a full 12 months, with recurring donations following each 12-month period. Subject to change at any time.

Our commitment to your mission.

Your nonprofit is changing lives, shaping communities and inspiring action. At Stearns Bank, we're changing the way banking works for you and designed a nonprofit banking solution that aligns to all your values.

Let's take your mission further!

Interest-free and profit sharing

Earn interest-free profit-based returns on your deposits through Stearns Bank’s Salaam Nonprofit 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.

Account Features

Increase your impact with a nonprofit focused checking and saving account that features dozens of free services, reduced or waived fees, and interest-free and profit-sharing savings solutions.

With the convenience of online and mobile banking, you and your team can manage accounts remotely from anywhere, at any time.

Do More Good

Free unlimited same-day & next-day ACH origination
Free unlimited incoming wires
Free outgoing wires (one free per day)
Free* international wires (five free per month)
Free unlimited mobile deposits
Free auto cash sweeps (auto transfers between Stearns Bank accounts)
Free unlimited Bill Pay
Positive Pay (check fraud protection)

Save On Fees

No hidden fees
No maintenance fees
No inactivity fees
No statement fees, with free monthly eStatements
Free checks
Fee-free nationwide ATM network
Fee-free financial wellness tools
Free remote deposit capture
No minimum balance requirements
Unlimited number of accounts - no fees for added accounts
Free basic Autobooks for donor invoicing

*Account will be charged the $40 international wire fee for each international wire request, and upon monthly statement date, account will automatically receive a refund for up to 5 international wire fees charged during statement period.

Salaam Nonprofit Financing Solutions

Stearns Bank empowers change by offering nonprofits more ways to access capital, including providing Islamic financing options for mosques, schools, and other non-profit organizations. We understand that funding has the potential to amplify your impact, which is why we provide innovative finance options and guidance throughout the entire process.

Islamic Commercial Financing

Build and grow. We can help you achieve your vision by providing a suite of Islamic financing solutions.

Learn More

Islamic Equipment Financing

Partner with us to purchase and own your nonprofit's equipment and commercial assets.

Learn More

Islamic Banking Leadership Team

Mufti Ibrahim Essa

Sharia Supervisory Board; Faculty Member, Darul Uloom Karachi

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Shaykh Taha Abdul-Basser

Sharia Supervisory Board; Managing Partner; Straightway Ethical

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Mufti Mirza-Zain Baig

Sharia Supervisory Board; Resident Mufti, Canadian Center for Islamic Research & Ifta

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Irshad Rasheed

President and Board Chair

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Carmen Muhl

VP, Senior Director of Treasury and Islamic Banking

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Zeshan Gondal

Senior Vice President

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Heather Plumski

Board Member

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Dr. Aamir Rehman

Board Member

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