Founded in 2003, University Islamic Financial (UIF) Corporation is a subsidiary of University Bank, a federally chartered bank. The company's mission is to provide the Muslim community in the United States with faith-based, Sharia-compliant alternatives to conventional mortgages. UIF structures its financing through Islamic principles such as Murabaha (cost-plus financing) and Musharaka (co-ownership), enabling homeownership without the use of interest (Riba), which is prohibited in Islam.

Founded in

United States