Islamic Accounts

Expected Profit Rates on various products (effective from 20/01/20).

Download the Profit Rate Sheet.

Target Profit Rates for UBL Islamic Mudaraba Products(applicable to Personal and Business accounts)


Term of Deposit


UBL UK Ameen Islamic 90 Day Notice Account



(Profit Rates)


Term of Deposit



UBL UK 6 Month Ameen Islamic Fixed Term Deposit



Profit paid at Maturity



UBL UK 1 Year Ameen Islamic Fixed Term Deposit



Profit paid at Maturity




Terms and Condition: Early withdrawal from deposit accounts is at the banks discretion and may result in a penalty charge.

For Fixed Deposit products, profit rates will remain fixed for the term of the investment once the account has been funded. Profit is not compounded.

For accounts not yet funded these rates may change. It is the customer’s responsibility to complete the required documentation and fund the account within 7 days of application.

If the bank decides to change profit rates, the rate you applied for will only be valid for 7 days from the date you submit your application. All rates are applicable from the date stated above.



Mudaraba is a partnership in which one party provides the capital and the other party provides the expertise. The capital provider is called “Rabb-al mal” and the expert is called “Mudarib”. The Mudarib deploys the Rabb-al mal’s money to generate profit which is not guaranteed. The actual profit generated by the Mudarib is shared between both parties according to a pre-agreed ratio.

It is a Sharia’a requirement that the mechanism for distributing profit must be clearly known in a manner that eliminates uncertainty and any possibility of dispute.


UBL UK values its customers’ business but also acknowledges that, on rare occasions, there may be problems with the service provided by the bank. If you have a grievance, please speak to a member of staff, or write to:

Central Operations
391-393 Stratford Road
B11 4JZ, Birmingham
United Kingdom

Tel: 0121 753 6000

You can also make a complaint by clicking here.

Staying safe online

We are aware that financial services companies may be targets for people seeking to fraudulently obtain login information. To protect yourself online, it is important that you check you are on the right website before entering login information. Please look out for the lock symbol next to the website URL to ensure that you are using an genuine and encrypted site. If you are not sure you are using a genuine UBL UK website, please call us on 0121 753 6000 Monday to Friday from 9:15am to 5:15pm. 

The sites managed by UBL UK are as follows:, and You should see these URL's and the lock symbol in your browser header.