1. Products must be Shariah compliant.

2. Products must fit within both Islamic law and U.S. law, and without the uncertainty caused by separate agreements.

3. Products must make good business sense, both for the Bank and for our customers.

4. We must keep the transaction costs as low as possible.

Our products are created to meet your needs by a staff versed in both U.S. and Islamic legal requirements, and then submitted to appropriate government regulators and Shariah scholars. We do not use conventional documentation with cover letters and we avoid the uncertainty of documents that do not properly reflect the Shariah requirements.

Wherever possible, our products are designed to resemble conventional banking products with which customers may already have some familiarity. Devon Bank strives to ensure that any extra costs incurred as a result of religious compliance are kept as low as possible. Where there are costs that exceed those of conventional transactions, we try to minimize them and clearly explain why they are being assessed.

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