Welcome to UIFC:  OPENING DOORS TO ISLAMIC FINANCING  (hat tip Margo I)

Jan 20, 2008 University Islamic Financial Corp: Islamic Banking & Islamic Finance

 http://www.universityislamicfinancial.com/?gclid=CKfWqq7dhZECFRsTawod-jEFGQ 

University Bank is a community bank based in Ann Arbor, Michigan serving the diverse needs of all consumers and is rated Outstanding by the FDIC for community service and community reinvestment.

University Bank is proud to have formed University Islamic Financial Corporation, the first Islamic Banking subsidiary run entirely on Sharia’a principles. UIFC serves the needs of the Muslim community by offering Sharia compliant Deposits of University Bank and Mortgage Alternative (MALT™) products.  Through University Bank’s subsidiary, University Insurance & Investment Services we also make Sharia compliant Mutual Funds available to our customers. We are always striving to provide more Sharia’a compliant products in order to be your single point of contact for all your financial services needs.

University Islamic Financial’s goal is to be the financial institution of choice for the Muslim community in the United States.

YouTube video link: http://www.youtube.com/watch?v=mejqvFt61yk&eurl=http://www.universityislamicfinancial.com/?gclid=CKfWqq7dhZECFRsTawod-jEFGQ

University Islamic Financial’s goal is to be the financial institution of choice for the Muslim community in the United States. University Islamic Financial’s goal is to be the financial institution of choice for the Muslim community in the United States. Visit us at http://www.universityislamicfinancial.com  or call us 1-800-916-UIFC to get more information.

Fatawa

http://www.universityislamicfinancial.com/fatawa.html

Fatawa

SHAPE Financial Corporation: Headquartered in Falls Church, Virginia, SHAPE Financial Corp.. (“SHAPE™) is a leading knowledge resource for Islamic banking & finance. A member of Alshaya Group International, SHAPE™ has offices, through Alshaya Group International in Kuwait and Jordan serving global markets.

MALT Home Finance Fatawa:

  1. Ijara Program Fatwa
  2. Murabaha Program Fatwa

SHAPE Deposit :

  1. SHAPE Profit Sharing Deposit Fatwa

SHAPE Sharia Board

Sh. Yusuf DeLorenzo

Shaykh DeLorenzo is the lead member of the SHAPE™ Financial Corp. Ethical Advisory Committee. He also serves on the Sharia’a supervisory boards of several Islamic financial institutions in the United States and abroad including Dow Jones Indexes, Yasaar Ltd, iHilal.com and Wafra Investment Advisors. He has translated over 20 books from Arabic, Persian, and Urdu for publication in English, including a three-volume Compendium of Legal Rulings on the Operations of Islamic Banks, has several publications in journals, has contributed chapters and written introductions to books, and is a frequent speaker at conferences and conventions. Following his education in the United States, including Cornell University, Shaykh DeLorenzo studied the classical Sharia’a Sciences with scholars in Egypt and Pakistan.

Sh. Nizam Yaquby

Sh. Yaquby is a leading authority on the Islamic law of contract for financial institutions. A graduate of McGill University, he is a member of Sharia’a boards for numerous Islamic banks including HSBC’s Amanah Unit (operating in New York, London and Dubai), City Islamic Investment Bank in Bahrain, and Abu Dhabi Islamic Bank. He has been involved with the United Bank of Kuwait and HSBC’s consumer contracts used in the US as well as commercial contracts used by other Islamic organizations.


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