Halal Business Financing in Rochester, Minnesota

UIF

Construction Financing

A

Residential construction financing from UIF Corporation structured as a certified Istisna (commissioned-construction) contract, with a signed fatwa published February 2023. The customer must own the lot free and clear and intend the completed home as a primary residence; UIF appoints the customer as its agent to select and negotiate with a builder, who must pass UIF's background and track-record checks. Profit is paid only on amounts actually disbursed to the builder for work in place, and one application covers both the construction phase and the long-term take-out financing across two closings. Available in FL, GA, MI, MN, and NC.

UIF

Commercial Real Estate Financing

A

Faith-based commercial real estate financing from UIF Corporation (NMLS #93460, subsidiary of University Bank) built on a Musharaka partnership: the customer's 35-40% evaluated equity or verified down payment and UIF's financing amount jointly purchase the property, the customer pays rent on UIF's share, and buys that share out over the agreed term. Eligible uses include professional offices, retail centers, masjids, community centers, schools, and apartment and rental buildings, with financing titled in an individual or LLC name. Offered in 22 states, with a dedicated non-profit program for 501(c)(3) organizations.

Bank of Whittier

RF Business & Commercial Financing

A-

Riba-free business and commercial financing from Bank of Whittier, N.A. under the LARIBA RF discipline, which evaluates each deal as an investment in the productive use of the financed asset rather than a loan of money at interest. The bank also offers dedicated non-profit financing for community organizations such as mosques and schools. Available in all 50 states; following the July 2026 University Bancorp acquisition, roughly $60 million of the bank's cash is earmarked for deployment into faith-based financings.

Neighborhood Development Center

Small Business Loans

B-

Small business lending from Neighborhood Development Center, a Saint Paul CDFI nonprofit founded in 1993 that pairs capital with training, coaching, and incubator space across the Twin Cities. Its published menu runs from $500-$2,500 small dollar loans and $10,000 express loans through $50,000 microloans, $50,000-$250,000 small business loans (SBA-guaranteed available), and commercial real estate and clean energy loans to $250,000. For borrowers avoiding interest, NDC lists a Profit-Based Financing option: buy-and-sell agreements for vehicles, equipment, and other hard costs. NDC reports 1,067 loans totaling $35 million, with a $33,000 average.

IjaraCDC

Business Fixed 504 Financing

Fixed-payment Sharia-compliant commercial building financing modeled on the SBA 504 framework (Sharia Business Fixed 504 program). $1M-$15M with as little as 5-10% down and up to 25 years of amortized, fixed-payment financing for well-qualified businesses buying or refinancing warehouses and offices; also covers debt refinancing, tenant improvements, and renovations. Structured as a trust-based Ijara - a single-asset trust buys the building and leases it to the business until title transfers - funded through 200+ commercial sources across all 50 states.

IjaraCDC

Investor Gold CRE Financing

Sharia-compliant commercial real estate financing for well-qualified investors whose properties are leased long-term to national tenants with a credit rating or equivalent (Sharia Investor Gold program). $2M-$20M with only 20-25% down and up to 20 years of amortized financing; non-recourse options are available. Structured as a trust-based Ijara - a single-asset trust owns the property and leases it back with payments split between rent and equity buyout - funded through 200+ commercial sources across all 50 states.

IjaraCDC

Commercial Real Estate Financing

Sharia-compliant financing for large commercial properties - office buildings, retail centers, and industrial assets - using IjaraCDC's trust-based Ijara structure. $500K-$20M with 35%+ equity required and long-term leases in place; stabilized, tenanted assets fit best. A single-asset trust purchases the property and leases it to your organization, with each payment split between rent and an equity buyout until title transfers. Funded through 200+ commercial sources across all 50 states, with a documented fatwa lineage from the 1995 Dallah Al Baraka fatwa to the 2012 update by Mufti Muneer Akhoon.

IjaraCDC

Multifamily Financing

Sharia-compliant financing for multifamily apartment complexes of 8-300 units. $1M-$25M at 25-30% down, with long amortization terms and non-recourse options available. Structured as a trust-based Ijara: a single-asset trust purchases the complex and leases it to your entity, with each payment split between rent and an equity buyout until title transfers. Funded through IjaraCDC's network of 200+ commercial sources across all 50 states, under a contract with a documented fatwa lineage from the 1995 Dallah Al Baraka fatwa to the 2012 update by Mufti Muneer Akhoon.

IjaraCDC

Business Plus 7A Financing

Shorter-term Sharia-compliant business financing modeled on the SBA 7(a) framework (Sharia Business Plus 7A program). $250K-$5M with 10-15% down over 7-10 year amortized terms, covering debt refinancing, business acquisitions, inventory, equipment, working capital, and tenant improvements and renovation. Structured as a trust-based Ijara: a single-asset trust purchases the asset and leases it to your business, with each payment split between rent and an equity buyout until title transfers. Funded through IjaraCDC's network of 200+ commercial sources across all 50 states.

IjaraCDC

Non-Profit Financing

Sharia-compliant financing for masjids, Islamic schools, and Muslim nonprofit organizations. Established organizations: $300K-$7M, 30% down, up to 20 years with a 10-year balloon, up to 12 months of no payments during construction, and no personal guarantees possible. New organizations: $300K-$1M, 30-40% down, personal guarantees required. Structured as a trust-based Ijara through 200+ commercial funding sources across all 50 states, with a documented fatwa lineage from the 1995 Dallah Al Baraka fatwa to the 2012 update by Mufti Muneer Akhoon.

IjaraCDC

Small Business Financing

Financing for businesses purchasing or refinancing their operating property - offices, medical and dental practices, restaurants, warehouses, gas stations, hotels - plus acquisitions, equipment, inventory, working capital, and renovations. $250K-$5M at roughly 5-10% down over terms up to 25 years, with a professional-practices sub-program at ~5% down that supports construction and build-outs with payment deferral. Structured as a trust-based Ijara through IjaraCDC's 200+ commercial funding sources across all 50 states.

IjaraCDC

Business Premier 7A Financing

Premium Sharia-compliant commercial building financing modeled on the SBA 7(a) framework (Sharia Business Premier 7A program). $250K-$5M with as little as 5-10% down and up to 25 years of amortized financing for businesses buying or refinancing their buildings - warehouses, offices, restaurants, branded gas stations, and flagged hotels - plus debt refinancing, business acquisitions, inventory, equipment, working capital, and tenant improvements. Trust-based Ijara structure funded through 200+ commercial sources across all 50 states.