The Board Committees’ Constitution of U Bank are as follows.

U Microfinance Bank Ltd. (U Bank) is a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – e& Group (previously known as Etisalat Company). The bank has a network of 230 branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of UPaisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 50,000 agent locations across Pakistan.

U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation of National Financial Inclusion Strategy 2020 that aims to bring 50% of Pakistan’s adult population into banking net.

At U Microfinance Bank, we firmly believe that access to microfinance services contribute significantly towards building a more inclusive society leading to bringing the underserved population into banking net as well as help document the informal economy. Our product portfolio is designed to continuously create livelihoods for the underserved population of Pakistan and bring betterment to their lives.

Our Vision

Driven by the passion for disruptive innovation and the desire for financial inclusion, we aim to become the problem solver and enabler to Pakistani microfinance ecosystem.

Our Core Values

• Merit
• Commitment
• Innovation
• Ethics
• Transparency

U Microfinance Bank (U Bank) has established a dedicated Islamic Banking division that is committed to providing customers with banking services that align with Islamic principles. U Bank is one of the first microfinance banks in Pakistan to offer enhanced financial products and services catering to the specific segment of society seeking banking services designed within the parameters of Shari’ah rules and values.

U Bank Islamic Banking provides a comprehensive suite of tailor-made, innovative, and reliable Shari’ah-compliant financial solutions to its customers. These solutions include financing facilities for housing, business, and agricultural needs, with amounts of up to PKR 3 million, along with Current, Savings, and Term Deposit account services.

The complete product portfolio offered by U Bank Islamic Banking is developed and approved under the guidance of the bank’s dedicated Shari’ah Advisor. This expertise enables us to deliver competitive Islamic Banking services to our valued customers and further our efforts towards achieving financial inclusion in Pakistan.

U Bank Islamic Banking was initially piloted at the beginning of 2022 with 5 branches. By the end of the year, U Bank had received its commercial license from the State Bank of Pakistan (SBP) to officially launch Islamic Banking nationwide.

U Bank Islamic Banking continues to broaden its geographic reach to encompass a larger number of regions. Our Islamic Banking services are currently available at the branches mentioned below:

Click here to see the locations of Islamic Banking Window.

Explore the depth and expertise of our Management Team which comprises of seasoned professionals guiding our strategic vision towards growth and success.

Our esteemed Board of Directors is an experienced and dedicated force of excellence, shaping the governance and direction of U Bank.

An overview of U Bank’s leadership, including its Board of Directors, key executives, auditors, and legal advisors.

At U Bank, we ensure high standards of ethics & service, which makes us impartial, ethical, and independent.

Click Here to download and read U Bank’s Code of Conduct policy.