Union Bank PLC, formerly Union Bank Limited, is a Bangladesh-based company, which provides Islamic banking solutions. The Bank operates as an interest-free Shariah based banks. The Bank through its branches and sub-branches offers a diverse range of loan/investment and deposit products, such as Al-Wadiah Current Deposit, Mudaraba Savings Deposit (MSD), Mudaraba School Banking Savings Account, Mudaraba No Frill Savings Account, Mudaraba Priviledged Savings Account, UBL Salary Account, Mudaraba Gift Cheque, Mudaraba Special Notices and Mudaraba Term Deposits. Its scheme products include Mudaraba Monthly Profit, Mudaraba Monthly savings scheme, Mudaraba Double Benefit Deposit, Mudaraba Millionaire saving scheme, Mudaraba Pension Prokalpa, Mudaraba Marriage saving scheme, Mudaraba Hajj, Mudaraba Muhor, Mudaraba Barakh saving and Mudaraba Probashi Sanchaya Prokalpa. Its investment products include Bai-Murabaha, Bai-Mujjal, Musharaka, Bai-Salam, agriculture finance, and others.
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