Three FDIC-insured banks offer halal savings accounts nationwide in the US: Stearns Bank through Salaam Banking, University Bank through UIF and Bank of Whittier. A halal savings account, also called an Islamic or Shariah-compliant savings account, pays you profit from Shariah-compliant financing instead of riba (interest). Here&

If you have cash sitting on the sidelines, the conventional advice is simple: put it in a high-yield savings account or money market fund and earn a return while keeping it relatively safe and accessible. For Muslim investors, that creates a problem. High-yield savings accounts pay interest, and