Open an account with Maun today and get access to the nation's first Accredited Islamic Credit Unions.
Applying Faith-Based Principles to Provide Accessible, Interest-Free Financing.
Our Services
Why Choose Maun?
Al-Ma’un (Arabic: الْمَاعُونَ, “Small Kindnesses, Acts of Kindness”)
We disrupt the current banking models by providing an alternative, faith-based banking solution. Riba-Free, guaranteed.
We Champion Community. Leaders from the New Brunswick Islamic Center and the Islamic Society of Central Jersey have championed this vision to create a faith-based credit union to serve Muslims nationally.
Endorsed and Vetted by scholars and Credit Union Experts. We work closely with the National Credit Union Administration to ensure our standards are top-notch.
Ready to bank with Maun?
FAQs
Maun is not a charity. It is a not-for-profit banking institution that will empower our community. Maun will pool the resources of the community to provide interest-free loans to those in need. Maun will adhere to ethical and religious principles
Banks primarily make money in 2 ways: they charge interest, and they invest their deposits in interest-bearing accounts. Maun does neither. Therefore, Maun needs to charge fees to cover its operating expenses. These fees will decrease as more and more individuals use Maun.
You must be a member of a Masjid that is partnered with Maun, also known as a Sponsor Organization. In the future, Maun hopes to add additional Sponsor Organizations so that it may expand its membership base. Check to see if you are a member of a Sponsor Organization.
Yes, all deposits are FDIC insured up to $250,000 per individual. Maun is regulated and monitored by the Federal Government.
The two institutions are very similar in function. However, the key philosophy behind credit unions and banks is different. Banks operate for the aim of generating profits while credit unions are community based institutions which run as not-for-profit entities.
There currently is no Islamic bank in the U.S. that provides a full spectrum of banking services using Islamic principles. The goal is to develop a no-interest, not-for-profit credit union. It will provide both basic banking services and a portfolio of loan options, including auto, education, home, and business loans, for the members of the community.
No one. Maun is not owned by investors. It is a not-for-profit entity
Maun is guided by a volunteer Board of Directors. The members (bank account holders) of Maun will elect board members. No seat is permanent.
Maun is a full-service banking institution that will provide cutting edge financial services including: checking and savings accounts, online banking services (ex: bill pay, mobile wallet, wire transfers, check deposits, etc.), auto loans, education loans, and home loans. These services will be introduced incrementally as Maun gains experience and members.