border-style:solid; [13], "A Hometown Bank Heeds a Call to Serve Its Islamic Clients", "Michigan Bank Discovers The Need For Islamic Finance Products", https://www.newyorkfed.org/newsevents/speeches/2005/rut050422.html, https://www.richmondfed.org/~/media/richmondfedorg/publications/research/econ_focus/2014/q2/pdf/feature1.pdf, http://myuif.com/financing/shariah-compliant-home-financing/, https://www.myuif.com/about-us/license-registration/, https://www.myuif.com/financing/home-financing/, https://en.wikipedia.org/w/index.php?title=UIF_Corporation&oldid=983681645, Financial services companies of the United States, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 October 2020, at 16:46. Prof. Rizwan Tahir. .nf-next-item .nf-next { The ranking remains the definitive benchmark for this rapidly evolving industry. MALAYSIA: Bank Negara Malaysia issues RM23.71 billion (US$5.86 billion)-worth of Islamic papers . The customer now owns the property free and clear. University Islamic Financial Corporation provides banking services. .nf-breadcrumbs li a.nf-breadcrumb { } [12], For its Muslim customers, UIF offers products in the real estate and financial business by utilizing the best practices in the field of religious compliance. Eid al-Adha: When & Why is it Celebrated? border-color:#81d742; border-width:1px; background-color:#ecffe5; .nf-form-content .nf-mp-header .nf-breadcrumbs { The original purchase price is the goal toward which the customer is always working; UIF does not adjust it over the life of the lease. .nf-form-content .nf-field-container.submit-container .nf-field-element .ninja-forms-field { UIF will then sell the property back the customer at an agreed-upon, marked-up price. Islamic Finance Courses in Canada. Down payments for UIF's Murabaha contracts may be as low as 5% in certain states. background-color:#ffffff; background-color:#81d742; This to me is by far the most Faith Based product in the market today”, “I would recommend that anyone who is looking into purchasing a house in the US strongly consider the UIF murabahah home financing model. This course is designed to give students an overview of Islamic Finance. Key Officers . "What excited me most was the opportunity to learn from two of the most prominent experts of Islamic Finance." [11], • Partnership financing is based on the financing principle of Musharaka. Region Michigan. At Ijara Community Development Corp. in Ann Arbor, MI, we offer various Islamic financing alternatives for your needs. - Find, compare and research about new courses and universities (online or classroom based) - Earn up to CAD 365 reward while you refer friends and family to take courses. Conventional finance, particularly conventional banking business, relies on taking deposits from and providing loans to the public. GHANA: Islamic Finance Research Institute of Ghana’s director-general, Shaibu Ali, joins IFN as exclusive correspondent covering Ghanaian market. 5 years ago | 7 views. Under this arrangement two parties (Financing Company aka UIF and the Customer) come together to purchase an asset. University Islamic Financial (UIF), United States - Similar Companies. INCEIF, The Global University of Islamic Finance | 7,265 followers on LinkedIn. 97% OF OUR CLOSED CUSTOMERS SAY THEY WILL REFER THEIR FAMILY AND FRIENDS TO UIF “ My experience … The brothers are responsive, organized, professional, and willing to satisfy any concerns you have. Courses typically cover Islamic law, risk management, corporate governance and the legal and regulatory issues in Islamic banking. Through your Laimoon account, you can: - Follow up on your enquiries and enrollments. 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