Commercial Real Estate Financing
Available in these states:
California, Florida, Illinois, Indiana, Massachusetts, Michigan, Minnesota, New Jersey, New York, Ohio, Pennsylvania, Texas, and Virginia.
UIF offers Shariah-compliant financing for professional offices, multi-family dwellings and retail stores and is available in some states. To maintain Shariah compliance, there is no note or mortgage. Visit our Commercial Financing FAQs to find answers to more Commercial Islamic Finance questions.
The Ijara Method for Commercial Financing
We use the Ijara-wa-Iqtina, “lease-to-own,” method for purchase and replacement financing. This means that if the property is sold before the transaction is settled, the client keeps all of the profit beyond the original agreed-upon purchase price and there is no early lease termination penalty.
Our Shariah depositors provide the money for these transactions, and the profit that is earned from UIF commercial and residential transactions is paid to those depositors.
The maximum transaction is $1,300,000 for commercial real estate. At this time we do not finance development, construction, hotels, gas stations or vacant land.
Islamic and Conventional Commercial Finance Differences
- Twenty-year lease
- No note
- No mortgage
- Escrow for taxes and insurance required
- Five-year term
- Demand note
- Escrow for taxes and insurance optional
Application Forms & Information
- Authorization To Obtain Credit Accountant Release
- Application Information for Commercial Real Estate
- University Islamic Financial Personal Financial Statement
Contact John Sickler, firstname.lastname@example.org or call 734-649-3694 if you have further questions about Commercial Real Estate Financing.