About islamic banking

Recognizing and respecting the desires of a growing number of our valued clients to conduct their banking and financial transactions in line with Shari'ah principles, UAB has opted to offer the Islamic Banking proposition. 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 offers a boutique of Islamic products and services to our Retail and Corporate clients which include Current Accounts, Saving Accounts, Mudaraba Deposits, Wakala Deposits, Enhanced Islamic Escalator Deposit (EIED), Flexi Term Deposit, Salary Advance Facility, and many other distinguished Retail and Corporate Islamic offerings.

The Islamic Banking Department of UAB is located in the Head office in Sharjah and it is managed by a team of experts who have tremendous experience in understanding client needs and providing innovative Shari'ah compliant financial solutions.

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