UIF Construction Financing

Halal Business Financing in Minnesota

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's construction program is the rare US product built on a certified Istisna contract, and the mechanics track the fiqh: the price is fixed upfront in three disclosed parts, profit accrues only on money actually disbursed to the builder for completed work - exactly where conventional construction loans charge interest on idle commitments - and early completion earns a credit rather than a penalty. The entry requirements are real: you must own the lot free and clear, build a primary residence, accept UIF's builder vetting, and commit to UIF for the long-term take-out financing at application. Five states only (FL, GA, MI, MN, NC) and no published pricing. For Muslim families building from the ground up in those states, there is essentially no comparable certified alternative.