Sharia Compliance
The Sharia Supervisory Board of UIF Corporation
Our programs adhere to Faith-based financing principles and are fully approved by our independent Sharia Supervisory Board. Our commitment to excellence is further strengthened by the fact that scholars on UIF’s Shariah Board are active members of AAOIFI.
Experience the benefits of our partnership with AAOIFI by choosing UIF for your Islamic financing needs.
Established in 1991, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is the premier international not-for-profit organization dedicated to developing and issuing standards for the global Islamic finance industry. With 100 comprehensive standards encompassing Shari’ah, accounting, auditing, ethics, and governance, AAOIFI sets the industry benchmark for excellence in international Islamic finance practices.
As a fully accredited member of AAOIFI, UIF ensures that our financial solutions adhere to the highest industry standards. Our commitment to excellence is further strengthened by the fact that scholars on UIF’s Shariah Board are active members of AAOIFI. By collaborating closely with AAOIFI, we provide you with reliable and compliant Islamic financing options, giving you peace of mind and confidence in our services.
Scholar Testimonials
UIF is honored to have received the support and endorsement of the following esteemed Imams & Scholars.
“Alhamdulillah as a Muslim we can purchase a home in a Halal way through University Islamic Financial and I am one of the clients of UIF. As Allah SWT has said: “but help ye one another unto righteousness and pious duty” 5:2”
“The best testimonial I can give is to be a client, and I was the first client for University Islamic Financial in Virginia.”
“It has been a pleasure using the services of University Bank’s Islamic finance division (UIF) to purchase a home. Their knowledgeable staff, patience and professionalism make a sometimes arduous process smooth and stress-free. In addition to their helpful staff, the straightforward and easily understandable nature of their financial products and services gives the customer confidence that at University Islamic Financial Shariah compliance is a reality and not just a slogan. I would highly recommend University Islamic Financial to anyone looking to purchase a home or make an Islamically acceptable investment.”
“People become rooted in a society and community when they become homeowners in that community. For years, there have been discussions whether conventional loans were permissible or not. Now that there are institutions such as University Islamic Finance in order for homeowners to obtain Faith Based loans, I encourage Muslims to avail of their services.”
“Many Muslims in the modern world continue to face a difficult choice: faithful adherence to Islamic prohibitions of riba versus pursuing the means to economic and financial security for themselves and their families. University Islamic Financial is an excellent option that gives the Muslim community the opportunity to do both. Not only is UIF providing an invaluable service to Muslims, I have been impressed from the beginning with the level of genuineness and transparency that all of the staff have shown in dealing with members of the Muslim community. They have extended considerable time and effort in getting to know our community and earning our trust. I highly recommend their services.”