NO, HUF can be formed by Hindu, Sikhs, jainism, Budhist & not for any other religion.

The most interesting part of the commerece stream is that we study about the circumstances wherein we live. 

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From the nomenclature of HUF itself, it means Hindu Undivided Family. 

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Christians and Mohammedan never want to claim that they are Hindu.

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Hindu Undivided Family is a culture of India. Unfortunately it has  almost lost its existence.