Response to Rumours - UM Group
06/11/2012

We wish to address some confusion arising from the recent activities of UM Financial Inc (a shell company that we consented to receivership). The rumours that the UM Group has gone bankrupt are not true.

Online PR News – 11-June-2012 – Toronto, Ontario – We wish to address some confusion arising from the recent activities of UM Financial Inc (a shell company that we consented to receivership). The rumours that the UM Group has gone bankrupt are not true. Omar Kalair is still the President and CEO of UM Financial Group Inc. It is true that UM Financial Inc. has ceased operations. However, many other UM companies continue with business as usual and are available to meet your financing needs. In particular, our office at 789 Don Mills Road Suite 801, which houses UM Real Estate Investment Inc., UM Realty Services Inc., UM Group Inc., UM Advisory, iFreedomplus Mastercard, United Muslims Financial Group Inc., UFANA, UM Foundation and more remains open. We welcome you to come and visit us at your convenience.

UM Financial Group Inc. Nominated for Awards

CPI Financial wishes to announce that UM Financial Group has recently been nominated for two Islamic Business & Finance Awards 2011 as one of the Best Finance House and Best Institution in the Americas. Omar Kalair, President and CEO of UM Financial Group Inc. states “the nomination of UM Financial for this award is yet another testament to the pioneering efforts of the companies operating under the UM banner who have led the way in providing unique Islamic financing products to meet the needs of the growing Canadian Islamic community. It is a trend the UM Group intends to continue."

For more information please contact: Kamran Khan, Senior VP, UM Group Inc. 416 424 4100 x112, 789 Don Mills Road Suite 801, Toronto, ON