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@annache Here in the states and much of the west these institutions are insured by the government. Here your first 250k$ are guaranteed if the bank (via FDIC) and credit union (via NCUA) if it fails. This is paid for by a combination of taxes (across the board. On companies and people) and fees...

@jamilet Most interest rates, arent as high as inflation to begin with, to in many case youd still loose value... just not so much. You may also find that secular law makes certain types of religious financing illegal for one reason or another. Unfortunately my knowledge ends here. Good luck!

@jamilet Well I’m sure that sort of thing is explained in their website. Nonprofits in the US must not keep a profit it’s supposed to be reinvested in to the organization . The investors are only the account holders. This would be an issue in any interest free system Late fees are required by...

@jamilet So in this example every member of the credit union is an investor of the credit union. It is not for profit by its charter. In their loan process they charge an application fee for the loan to cover expenses. Banks are for profit. Credit Unions usually are not.

@jamilet An example: https://www.maunfcu.org Credit unions are run by the members the members make the rules, populate the board determine what profit is made and how it is used. Unlike banks run for profit of a single entity or board under their own rules.

@phoenixaug4 Most loan providers make money on the interest. You're basically saying "give me money" and "ill pay you back over time"... They have almost no incentive to do it in modern capitalism if they cant make even a small profit... Being from the US, i would suggest a Credit Union... where...