About Islamic Banking

Recognizing and respecting the desires of a growing number of our valued clients to conduct their banking and financial transactions in accordance with Shari’ah principles, UAB has opted to launch Islamic Banking to meet their growing demands and requirements. Focusing on client needs and building long-lasting relationships with our customers will continue to be the drivers of UAB’s future growth and success. Our new Shari’ah compliant products and services will cater to the needs of a wide segment of our clientele.

UAB's initial product offering includes Current Accounts, Saving Accounts, Investment Time Deposits, Goods Murabaha and Vehicle Murabaha and will soon expand to offer Islamic Credit Card.

Our Islamic Banking centers are presently located at the Main Branch in Sharjah and Sheikh Zayed Branch in Dubai and are managed by a team of professionals who have tremendous experience in understanding client needs and providing innovative Shari'ah compliant financial solutions. The team is led by Rami Joudah, our newly recruited Head of Islamic Banking. The service will soon expand to cover other existing and planned branches across the network.

All UAB products are approved by a Shari'ah Supervisory Board consisting of prominent Islamic Scholars with a strong background in Islamic Law and Economics. The Board is actually responsible for reviewing, approving, and overseeing all Shari'ah product offerings, while ensuring, certifying, and endorsing strict adherence to the principles of Shari'ah in all our products and services.