University Islamic Financial Corporation through University Bank and SHAPE™ Financial are pleased to offer the first Shariah-compliant, FDIC insured deposit program: SHAPE™ Profit Sharing Deposit Accounts. The program is available only at University Bank in Ann Arbor, Michigan to assist consumers who seek a Shariah permissible yield on their deposits.

Please click on FAQ section on right for more information regarding Deposit Accounts.

Money Market

This is a unique savings account with limited checking and withdrawal capabilities. This account gives you easy, regular access to your funds.

• Minimum balance to open an account is $1000
• Balances are FDIC insured up to $250,000
• No maintenance fee if you maintain $500 minimum balance, otherwise a $2 monthly maintenance fee would be assessed.
• Six pre-authorized withdrawals per statement cycle. (All can be checks)*
• FREE Internet Banking
• FREE Bill Pay
• 37,000 Sur-charge FREE ATM's through AllPoint Network

* Statement statement cycles run from the 15th of the current month to the 14th of the following month. Rates may change at any time without prior notice.

One, Two and Five year Certificates of Deposit

University Islamic Financial Corporation through University Bank, offers you Shariah Compliant Certificate of Deposit with different maturity dates. The Certificate of Deposit account is again based on our profit sharing program. Earnings, if any, change monthly and are paid quarterly on the anniversary of the CD opening date.

• Minimum balance to open an account is $500
• Balances are FDIC insured up to $250,000
• A penalty may be imposed for early withdrawal
• One, Two or Five Year maturity dates
• FREE Internet Banking

Community Unity Program

University Islamic Financial Corporation is committed to providing non-profit organizations such as Masjids, Islamic schools and Islamic centers with the services and attention you deserve from a financial institution.

New Checking Accounts: After the Community Unity checking account has been open for 90 days, University Bank will deposit a donation of ONE PERCENT of the prior month’s average balance.

New Money Market Accounts: After the Community Unity Money Market account has been open for 90 days, University Bank will deposit a donation of ONE-HALF PERCENT of the prior month’s average balance.

New CD's: Within 10 days of purchasing a Community Unity Certificate of Deposit, University Bank will deposit a donation of ONE-HALF PERCENT of the opening balance to the Community Unity CD with a maturity date of at least 12 months and a donation of ONE-QUARTER PERCENT of the opening balance for CDs with maturities of less than one year. These donations are subject to any early withdrawal penalty.

That is just the beginning because when a supporter of the non-profit organization opens a new checking or new money market account or CD, and mentions the Community Unity program and the non-profit organization we’ll make the same contribution as outlined above to the non-profit organization on the individual’s behalf.

The more the non-profit organization and its members, friends and supporters deposit in University Bank the more money that will be donated. We welcome your participation to allow Community Unity to be as big a contributor as it can be.

The Community Unity program is based on our profit sharing program. There is no minimum balance, no monthly service fees and no per item fees on checks or deposits.