Where do banks like University Bank and their affiliate UIFC get their money for these programs?
SHAPE™: Generally, the money comes from one of three sources: the bank’s broad sources of funds; the capital markets (government sponsored investors in mortgages and their alternatives, large international investors including Islamic and western banks serving Muslim clients, and so on); and, in the case of UIFC through University Bank, an Islamic profit sharing deposit program which seeks to invest in the mortgage alternatives.
