Murabaha Home Financing

Our Murabaha program is very simply an “Installment Sale” contract. You select the property and UIF, acting as an agent for University Bank, will purchase the property on your behalf from the seller. We then sell the property to you at an agreed upon marked-up price. At the closing, you acquire full title to the property and make your initial down payment, which may be as low as 5%. Your down payment toward the purchase price represents your initial investment in the property. Your monthly payment is divided into two portions — acquisition and profit. As you make your monthly payments, the acquisition balance is reduced, thereby increasing your investment in the home.

To get pre-approved for our Murabaha Installment Sale Program, please contact us via phone or fill out the online contact form. Final approval will take place once UIF receives your completed application package and supporting documents.