No dedicated Islamic nonprofit banking products exist in the UK—or much of the world. Let’s change that.

At Islamic Finance Options for Muslim Nonprofits or IFOMN, we’re not just imagining change—we’re building it. We're the first organization solely dedicated to championing and developing Shariah-compliant banking solutions for Muslim nonprofits worldwide by working with both Islamic financial institutions and Muslim nonprofits to realize this goal.

A Global Call to Action

Across the globe, Muslim nonprofits face a daunting reality: limited access to banking options that align with their faith. From the UK to the US and beyond, these organizations are often debanked or derisked, their financial stability undermined by systemic challenges and the absence of tailored solutions. This isn't just a gap—it's a crisis. IFOMN exists to bridge this divide and create a sustainable financial future for Muslim nonprofits.

Cocreating a New Era in Muslim Nonprofit Banking

What Drives Us

IFOMN is built on the belief that financial inclusion is not just a need—it’s a right. We champion the development of innovative, Shariah-compliant banking options for the long-term financial and spiritual stability of Muslim nonprofits. Our work connects Muslim nonprofits with Islamic Financial Institutions (IFIs), ensuring these vital organizations can operate ethically, sustainably, and securely.

Why It Matters

Without reliable, faith-aligned banking options, Muslim nonprofits struggle to serve communities, deliver aid, and uphold their mission. IFOMN is here to change that. By creating financial systems that work for nonprofits, we empower them to focus on what matters most—changing lives and building better futures.

Rewriting the Narrative

This is more than financial innovation; it’s a movement for justice, sustainability, and faith-aligned progress. Whether you’re a nonprofit, an IFI, or an advocate for change, IFOMN invites you to stand with us.

Let's create a world where Muslim nonprofits thrive.

Our Services

Empowering Islamic Financial Institutions (IFIs)

We help Islamic banks, fintechs, takaful providers, and conventional banks interested in Islamic windows develop Shariah-compliant financial products tailored to the Muslim nonprofit sector. Our unique consultancy expertise includes:

• Product Development – Designing Shariah-compliant, nonprofit-friendly financial solutions like dedicated current accounts for Muslim nonprofits.

• Market Research – Providing data-driven insights into the Muslim nonprofit sector to inform IFI offerings.

• Knowledge Transfer – Facilitating collaboration between IFIs, nonprofits, and academic institutions to drive sector-wide innovation.

Advancing Nonprofit Financial Access

Our consultancy services subsidize advocacy initiatives that support Muslim nonprofits, particularly in riba-based economies. We deliver:

• Sector Research & Reports – Informing policy and decision-making.

• Podcast & Resources – Guiding Muslim nonprofits on navigating operational challenges in riba-based economies.

Explore how IFOMN bridges the gap between IFIs and nonprofits to create lasting impact.

Join the Movement

Are You an Islamic Financial Institution wanting to create nonprofit products?

We want to hear from, work with, and partner with you! We want you to be part of our ongoing discussions, research, and work!

Are You an Islamic Financial Institution That Already Offers Nonprofit Products?

We want to hear from and partner with you! Let us amplify your message!