Union Bank PLC.

Union Bank PLC was incorporated in Bangladesh on 07 March 2013 as a banking company under the Companies Act 1994, and obtained permission from Bangladesh Bank on 10 March 2013 to commence business. It operates as one of the interest-free Shariah-based banks in the country, with banking activities carried out under Islamic Shariah. Its stated strategies include diversifying its portfolio across retail and wholesale markets, reaching unbanked rural and urban populations, and providing banking access to tribal and coastal areas.

Union Bank PLC was incorporated (No.C-107837/13) in Bangladesh on 07 March 2013 as a banking company under the Companies Act 1994. It obtained permission from Bangladesh Bank on 10 March 2013 to commence its business (Ref: BRPD (P-3)/745(60)/2013-1153). The Bank is one of the interest-free Shariah based banks in the country and its modus-operandi are substantially different from other conventional Banks. Presently the Bank carries banking activities under Islamic Shariah prevailing in the country.

Interest-free Shariah-based banking with focus on rural, micro and unbanked segments.

• Al Wadiah Current Deposit Accounts

• Mudaraba Savings Account (MSD)

• Mudaraba Term Deposit (MTD)

• Mudaraba No Frill Savings Account

• Mudaraba Short Notice Deposit Accounts (Msnd)

• Mudaraba Monthly Profit Scheme

• Mudaraba Double Deposit Scheme (Somriddhi)

• Millionaire Deposit Scheme (Lackpoti)

• Mudaraba Crorepoty Deposit Scheme

1. 1Union Bank PLC.unionbank.com.bd
2. 2Union Bank PLC.unionbank.com.bd
3. 3Union Bank PLC. | Corporate Newsunionbank.com.bd
4. 4Union Bank PLC.unionbank.com.bd