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United Bank Limited (UBL) is a Pakistani commercial bank headquartered in Karachi. [2] It is a subsidiary of British multinational conglomerate, Bestway Group . It is listed on the Pakistan Stock Exchange and it has been designated as a domestic systemically important bank (D-SIB) by the State Bank of Pakistan .
Profits generated are shared between the parties according to a pre-agreed ratio. If there is a loss, rabb-ul-mal will lose his capital, and the mudarib party will lose the time and effort invested in the project. The profit is usually shared 50%-50% or 60%-40% for rabb ul mal-mudarib.
The industry has been praised for turning a "theory" into an industry that has grown to about $2 trillion in size; [6] [7] [8] for attracting banking users whose religious objections have kept them away from conventional banking services, [9] drawing non-Muslim bankers into the field, [2] and (according to other supporters) introducing a more stable, less risky form of finance.
As of 2007, this kind of swap had the largest market of any variety of swaps.) [406] According to Harris Irfan, the Islamic finance market is "awash" with "profit rate swap" contracts, [407] including a global standard developed by the IIFM and International Swaps and Derivatives Association. [407] [408] In Malaysia, the "Islamic Profit Rate ...
While the original Islamic banking proponents hoped profit-loss sharing (PLS) would be the primary mode of finance replacing interest-based loans, [56] long-term financing with profit-and-loss-sharing mechanisms is "far riskier and costlier" than the long term or medium-term lending of the conventional banks, according to critics such as ...
Sales of 300 € minus costs of 275 € gives a profit of 25 €. 25 € in relation to an initial capital investment of 500 € gives a rate of profit of 5 %. From year to year capital can grow at a rate of 5%, if all profits are invested or accumulated.
As a result, NBP and United Bank Limited merged their UK operations to form Pakistan International Bank, with NBP holding a 45% stake and United Bank owning 55%. In 2002, Pakistan International Bank was renamed United National Bank Limited (UNB), maintaining the same ownership structure.
The acronym UBL can also mean: . Usama bin Ladin (1957–2011), Saudi-born militant and founder of al-Qaeda; Hubli Junction railway station, station code: UBL; Ulster Bank Limited, a retail banking subsidiary of NatWest Group