Fatawa & Certificate of Compliance

UIF is committed to operating our company and offering products utilizing the best practices and standards in our industry. The initial fatawa for our products were produced by Sheikh Yusuf DeLorenzo and Sheikh Nizam Yaquby through Shape Financial Corp. These have been subsequently reviewed by other scholars including Dr. Muhamed Shleibak and Sheikh Muhamed Becic. UIF continues its consultative and audit relationship with Shape Financial Corp. who maintains an active team of Shariah scholars and auditors providing ongoing guidance and support.

UIF’s Residential Installment Sale program has also been approved by US based advisory group Straightway Ethical LLC. which includes scholars such as, Sheikh Taha Abdul-Basser, Sheikh Ashraf Gomma Ali, Mufti Abdullah Nana and Sheikh Faraz Rabbani.

Most recently, both home financing models were reviewed and approved by Amanie Advisors, which includes scholars such as Dr. Mohamed Ali Elgari, Dr. Mohd Daud Bakar, Dr. Muhammad Amin Ali Al-Qattan, and Dr. Osama Al-Dereai.

All Scholars are experts in the field of Islamic Finance and follow standards adopted by the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI).

New Fatawa Issued by Amanie Advisors Sharia Supervisory Board

June 2018

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