UIF Corporation
- Company typePrivate
- Founded2006
- HeadquartersSouthfield, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
UIF Corporation firmographics
Firmographics- Name
- UIF Corporation
- Legal name
- UIF Corporation
- Website
- https://myuif.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
UIF Corporation industry classification
Industry- Product category
- Islamic Banking Services
- NAICS
- Depository Credit Intermediation (5221), Finance and Insurance (52)
- SIC
- Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)
- akta.pro primary industry
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)
- akta.pro secondary industries
- Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic SME & Commercial Banking (FSABAGAB)
Keywords
Where UIF Corporation is headquartered
LocationHeadquarters
- HQ city
- Southfield
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
UIF Corporation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Home Financing: Sharia-compliant home financing structured through Diminishing Musharaka, Ijara, or Murabaha arrangements. Customers make periodic payments to acquire property ownership over time. Revenue generated through transaction fees, origination fees, and profit margins built into financing arrangements.
- Commercial Real Estate Financing: Islamic financing for commercial properties including office buildings, retail centers, multifamily properties, and nonprofit facilities. Revenue from transaction fees and financing margins.
- Vehicle Financing: Halal auto financing for new and used vehicles. Revenue generated through transaction fees and profit components in financing arrangements. Currently available in Michigan, Ohio, Illinois, and Texas.
- Halal Deposit Accounts: Time deposit accounts and savings alternatives structured to comply with Islamic principles. Offered through University Bank partnership. Revenue derived from spread between financing activities and deposit payouts. FDIC insured up to maximum allowed.
- Construction and Renovation Financing: Sharia-compliant construction financing disbursed in stages as milestones are completed, and renovation financing for property improvements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Home Financing - Quote-based pricing based on individual financial profile |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
UIF Corporation product offering
Product offeringCore offering
UIF Corporation provides Sharia-compliant (Islamic) financial products and services to Muslim consumers in the United States. Its offerings include home financing, commercial real estate financing, construction and renovation financing, vehicle financing, and halal deposit accounts, all structured using Islamic finance methods such as Diminishing Musharaka, Ijara, and Murabaha to avoid riba (interest). Banking services are delivered through its parent, University Bank (Member FDIC).
Product overview
UIF Corporation is a faith-based subsidiary of University Bank offering Sharia-compliant financial products. The company operates as a unified platform providing halal financing solutions including Home Financing, Commercial Real Estate Financing, Construction Financing, Renovation Financing, Vehicle Financing, and Halal Deposit Accounts. The portfolio also includes customer-facing services such as Pre-Qualification Services, a Customer Portal, the UIF Community Podcast, FREE Webinars, and the Imam's Generational Scholarship program. On April 1, 2026, UIF merged with American Finance House LARIBA, combining LARIBA's legacy with expanded services. All products follow Islamic finance principles using structures such as Diminishing Musharaka, Ijara, and Murabaha to avoid riba (interest).
Differentiator
Problem solved
Functional benefit
Products and services
- Home Financing Sharia-compliant home purchase and refinance financing for individuals and families, structured using Diminishing Musharaka, Ijara, or Murabaha to avoid interest-based lending.
- Commercial Real Estate Financing Sharia-compliant financing for income-producing commercial properties including office buildings, retail centers, multifamily properties, and industrial facilities, structured using Murabaha, Ijara, or Musharaka.
- Construction Financing Sharia-compliant financing for new residential construction, disbursed in stages as project milestones are completed.
- Renovation Financing Sharia-compliant financing for home renovation and property improvement projects.
- Vehicle Financing Sharia-compliant vehicle financing for new and used cars, trucks, and SUVs, structured using Islamic finance arrangements that avoid interest-based lending.
- Halal Deposit Accounts Sharia-compliant time deposit and savings accounts that avoid interest, structured using profit-sharing arrangements rather than interest-bearing accounts. FDIC insured up to the maximum allowed through University Bank partnership.
Quantifiable outcome
- Member of AAOIFI since 2007 - demonstrating long-standing compliance with Islamic finance standards
Companies that use UIF Corporation
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
UIF Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
UIF Corporation partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Sterling Charitable Gift Fund TrustcoreSterling Charitable Gift Fund Trust (SCGF) is a 501(c)(3) donor-advised fund that establishes accounts in donors' names and allows immediate tax deductions for future charitable giving. SCGF is a co-founder of the Imam's Generational Scholarship program alongside UIF Corporation.
- Amana Mutual FundscoreAmana Mutual Funds is the oldest and largest family of funds investing with Islamic Principles in the United States, started in 1986. Amana is a co-founder of the Imam's Generational Scholarship program, supporting education initiatives for religious leaders' families.
- Center for Islam in the Contemporary World (CICW)minorCICW at Shenandoah University is an academic center engaged in research, teaching, training, and outreach on issues related to Islam and Muslims in contemporary contexts. Co-founder of Imam's Generational Scholarship program.
- Ihsan CoachingminorIhsan Coaching, founded by Farhan Ahmed, provides coaching and counseling services. Featured on the UIF Community Podcast to discuss marriage, mindset, emotional well-being, and personal development topics relevant to Muslim individuals and families.
- MST LawminorMST Law, founded by Furqan Mohammed, is a Chicago-based law firm specializing in Islamic estate planning, personal injury litigation, and taxi medallion cases. Featured on UIF Community Podcast to discuss legal planning topics.
- AAOIFIcoreUIF Corporation has been a member of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) since 2007. AAOIFI is the international Islamic finance standards body that develops accounting, auditing, governance, ethics, and Sharia standards.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
UIF Corporation competitors and assessment
Company assessmentDirect peers
- Guidance Residential: Guidance Residential is the largest US provider of Sharia-compliant home financing, offering Diminishing Musharaka-based mortgages nationally. It is UIF's most direct and historically larger competitor in the US Islamic home finance niche.
- Devon Bank: Devon Bank (Chicago) operates a well-known Islamic finance program offering Sharia-compliant home financing and deposit products to US Muslim consumers. It competes directly with UIF in the Chicago/Midwest market and serves overlapping customer segments.
- American Finance House LARIBA: American Finance House LARIBA was a pioneering US Islamic home finance provider that merged into UIF in April 2026. Prior to the merger, it was one of UIF's most direct competitors in Sharia-compliant residential financing.
Broad incumbents
- University Bank: University Bank is the parent of UIF Corporation and a Michigan-chartered FDIC-member community bank offering both conventional and Islamic banking services. It provides the banking infrastructure and FDIC-insured deposit capability that UIF's halal deposit products depend on.
- Al Rajhi Bank: Al Rajhi Bank is the world's largest Islamic bank by assets and operates broadly in Sharia-compliant financing across MENA. While not directly competing in the US, it sets global benchmarks for Islamic finance products and influences customer expectations for US providers like UIF.
Emerging players
- ShariaPortfolio: ShariaPortfolio offers Sharia-compliant investment advisory and screening services to Muslim US investors. While more focused on investments than financing, it serves the same demographic and overlaps with UIF's community education ecosystem.
- Bank of London and the Middle East (BLME): BLME is a UK-based Sharia-compliant bank offering property finance and wealth products to Muslim clients globally, including in the US. It is an emerging player serving an overlapping niche through cross-border offerings.
- Gatehouse Bank: Gatehouse Bank is a UK-based Sharia-compliant bank offering US Sharia-compliant home finance products (including through a US program). It targets Muslim homebuyers in the US with similar Diminishing Musharaka-style structures, partially overlapping UIF's core product.
Regional players
- Amana Mutual Funds Trust: Amana Mutual Funds is the oldest and largest US family of Islamic-principle mutual funds and a strategic partner of UIF. While operating in mutual funds rather than financing, it serves the same Muslim demographic and is a co-founder of UIF's Imam's Generational Scholarship.
Others
- Steward Redqueen: Steward Redqueen is a consulting firm advising on Islamic finance and sustainable finance. It is an ecosystem participant — not a direct competitor — but serves Sharia-compliant financial institutions and supports the broader industry infrastructure UIF operates in.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
UIF Corporation social profiles
Digital presenceUIF Corporation compliance and trust
Trust signalCompliance1 record
UIF Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
UIF Corporation leadership team
Management profileNumber of profiles
Profiles2 records
UIF Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
UIF Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about UIF Corporation
What does UIF Corporation do?
UIF Corporation provides Sharia-compliant (Islamic) financial products and services to Muslim consumers in the United States. Its offerings include home financing, commercial real estate financing, construction and renovation financing, vehicle financing, and halal deposit accounts, all structured using Islamic finance methods such as Diminishing Musharaka, Ijara, and Murabaha to avoid riba (interest). Banking services are delivered through its parent, University Bank (Member FDIC).
Is UIF Corporation a public or private company?
UIF Corporation is a private company. It is classified as corporate owned and is currently operating.
When was UIF Corporation founded?
UIF Corporation was founded in 2006. It employs 101 to 250 people.
Where is UIF Corporation based?
UIF Corporation is headquartered in Southfield, United States, in the North America region.
How does UIF Corporation make money?
Five revenue lines are on record. Home Financing is the primary driver. The others are commercial Real Estate Financing, vehicle Financing, halal Deposit Accounts and construction and Renovation Financing.
Who are UIF Corporation's main competitors?
Direct peers on record are Guidance Residential, Devon Bank and American Finance House LARIBA. Broad incumbents are University Bank and Al Rajhi Bank. Emerging players are ShariaPortfolio, Bank of London and the Middle East (BLME) and Gatehouse Bank. Amana Mutual Funds Trust is listed as a regional player. Steward Redqueen is listed as an others.
Does UIF Corporation have an API?
No public API is recorded for UIF Corporation.
What industry is UIF Corporation in?
UIF Corporation's product category is Islamic Banking Services. Its primary akta.pro industry code is FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam), with a secondary code of FSABAGAI, Islamic Deposit & Account Products (Current/Savings/Investment Accounts). Its NAICS code is 5221 and its SIC code is 6035.