UIF Corporation (UIF) is an American financial service company headquartered in

Southfield, Michigan Southfield is a city in Oakland County, Michigan, Oakland County in the U.S. state of Michigan. An inner-ring suburb of Detroit, Southfield borders Detroit to the north, roughly northwest of downtown Downtown Detroit, Detroit. As of the 2020 Uni ...

. It provides residential and commercial real estate financing, vehicle financing, and time deposit savings accounts conforming to Islamic principles that prohibit the payment and receipt of interest. Commercial real-estate financing and home financing are provided through the company's partnership programs. UIF has received national media attention from

NPR National Public Radio (NPR) is an American public broadcasting organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It serves as a national Radio syndication, syndicator to a network of more ...

and

The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

for its unique services. UIF’s faith-based lending program has been highlighted in a speech of the

Federal Reserve Bank of New York The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the New York (state), State of New York, the 12 norther ...

and in the official magazine of the

Federal Reserve Bank of Richmond The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virgini ...

. UIF currently offers financing, including

murabaha ''Murabaḥah'', ''murabaḥa'', or ''murâbaḥah'' (, derived from ''ribh'' , meaning profit) was originally a term of ''fiqh'' (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the Markup (business), markup (pr ...

and ijarah, in Arizona, California, Colorado, Connecticut, Delaware (Commercial Financing Only) Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia, Washington and Wisconsin.

References

External links

* {{Official website, http://www.myuif.com Financial services companies of the United States Companies based in Southfield, Michigan Companies based in Ann Arbor, Michigan Islamic banks