Jafari Credit Union vs UIF
Jafari Credit Union and UIF both offer bank accounts - Jafari Credit Union in Texas, UIF in all 50 states. This page lines up 23 listed data points side by side, with 17 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Oct 2026
At a glance
- Jafari Credit Union lists Texas; UIF lists all 50 states.
- Jafari Credit Union uses Qard Hasan; UIF uses Mudarabah.
- Shariah oversight: Jafari Credit Union discloses No Public Review; UIF discloses Formal Board.
- HalalWallet Index: Jafari Credit Union holds a B-; UIF holds a A.
- On measurable rows, Jafari Credit Union has the better listed value on 1 and UIF on 6.
- They differ on 17 of the 23 data points we list for bank accounts.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Jafari Credit Union vs UIF: the full side-by-side
23 data points from each provider's published materials, lined up row by row. They differ on 17.
23 of 23 rows
States covered
Jafari Credit Union: TexasUIF: All 50 states
APY / profit rate
Jafari Credit Union: 0%UIF: Not listedMonthly fee
Jafari Credit Union: $3-$60 (sliding scale based on loans)UIF: $0 EdgeFee waiver conditions
Jafari Credit Union: $3 if no loans or low loan balanceUIF: No monthly feesMinimum balance
Jafari Credit Union: $50UIF: Not listedMinimum opening deposit
Jafari Credit Union: $200UIF: $100 (Savings Account) · $5,000 (Deposit Account)
Structure
Jafari Credit Union: Qard HasanUIF: MudarabahShariah oversight
Jafari Credit Union: No Public ReviewUIF: Formal BoardShariah board / scholar
Jafari Credit Union: no_public_reviewUIF: Sheikh Nizam Yaqubi, Abdulbari Mashal, Mufti Abdullah Ebrahim Nana, Prof. Hussein Hamed HassanPublished fatwa / certificate
Jafari Credit Union: NoUIF: Yes EdgeProfit structure
Jafari Credit Union: Qard Hasan (No interest)UIF: Profit-sharing - Monthly anticipated returns (Savings Account) · Profit-sharing - Quarterly anticipated returns (Deposit Account)
FDIC / NCUA insured
SameJafari Credit Union: YesUIF: Yes
ATM access
Jafari Credit Union: NoUIF: Yes EdgeDebit card
Jafari Credit Union: NoUIF: Yes EdgeMobile app
SameJafari Credit Union: YesUIF: YesOnline banking
SameJafari Credit Union: YesUIF: Yes
Products listed
Jafari Credit Union: Savings AccountUIF: Savings Account, Deposit AccountBest for
Jafari Credit Union: True 0% interest, NCUA insuredUIF: Everyday bankingAccount types
Jafari Credit Union: SavingsUIF: Savings, Time Deposit Account
HalalWallet Index grade
Jafari Credit Union: B-UIF: A EdgeFounded
Jafari Credit Union: 2016UIF: 2006 EdgeGoogle rating
Jafari Credit Union: 4.9/5 (8 reviews) EdgeUIF: 4.5/5 (42 reviews)Awards
Jafari Credit Union: Not listedUIF: IFN Best Islamic Bank (2015), IFN Best Islamic Bank (2016), IFN Best Islamic Bank in the US (2017), IFN Best Islamic Bank in the US (2018), IFN Best Islamic Bank in the US (2019) +4 more
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
Jafari Credit Union
- NCUA federally insured up to $250,000 (charter detail #68675)
- True 0% model: deposits directly fund interest-free community loans
- Low barrier: $200 to open with a $50 minimum balance
- Payable-on-death designation built into the account card
- Member-owned nonprofit with quarterly financials public via NCUA
- Pays no return of any kind - this is community finance, not savings growth
- Monthly fee of $3 to $60 depending on your loan-to-savings position
- ACH only: no cash handling, ATM, debit card, or checking services
- Membership restricted to Jafari (Shia) community members of three Texas centers and their relatives
- Small scale: 365 members and about $2.19M in deposits as of March 2026 (company-reported)
UIF
- Available nationwide in all 50 states
- FDIC insured up to $250,000 per depositor
- No monthly maintenance fee
- Mobile app available for account management
- Full online banking capabilities
- Anticipated profit rate is not published online - it is disclosed in the account agreement at opening
- Anticipated profit is not guaranteed: if the asset pool underperforms, you may be paid below the anticipated rate or nothing (principal stays FDIC-insured)
- Initial funding caps ($2,500 by debit card, $25,000 by ACH) mean larger deposits require a wire
- Strict early-withdrawal terms: no withdrawals in the first 7 days, no partial withdrawals before maturity, and closing mid-quarter forfeits all profit accrued that quarter (profit from prior quarters is kept)
- Anticipated profit rate is not guaranteed - actual returns may be higher or lower than the stated rate
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several bank accounts products. Each is tagged.
Jafari Credit Union vs UIF in other categories
Not sure which is right? Compare all bank accounts providers.
Browse all Bank Accounts optionsEditorial comparisons
How do Jafari Credit Union and UIF compare for bank accounts?
Jafari Credit Union and UIF both offer bank accounts - Jafari Credit Union in Texas, UIF in all 50 states. This page lines up 23 listed data points side by side, with 17 differences, so you can see exactly where they part ways before you request quotes.
- Jafari Credit Union lists Texas; UIF lists all 50 states.
- Jafari Credit Union uses Qard Hasan; UIF uses Mudarabah.
- Shariah oversight: Jafari Credit Union discloses No Public Review; UIF discloses Formal Board.
Source: HalalWallet (halalwallet.us)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-20
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
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