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UIF Corporation (UIF) is an American financial service company headquartered in Southfield, Michigan.It provides residential and commercial real estate financing, vehicle financing, and time deposit savings accounts conforming to Islamic principles that prohibit the payment and receipt of interest.
The large US-based Citibank began to offer Islamic banking services in 1996 when it established the Citi Islamic Investment Bank in Bahrain. [65] The first successful benchmark for the performance of Islamic investment funds was established in 1999, with the Dow Jones Islamic Market Index (DJIMI).
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Pages in category "Islamic organizations based in the United States" The following 62 pages are in this category, out of 62 total. This list may not reflect recent changes .
(For example, one Islamic bank—Al Rayan Bank in the UK—talks about "Fixed Term" deposits or savings accounts). [167] In both these Islamic and conventional accounts the depositor agrees to hold the deposit at the bank for a fixed amount of time. [168] In Islamic banking return is measured as "expected profit rate" rather than interest. [169 ...
The diversity of Muslims in the United States is vast, and so is the breadth of the Muslim American experience. Relaying short anecdotes representative of their everyday lives, nine Muslim Americans demonstrate both the adversities and blessings of Muslim American life.
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