DEPOSIT PRODUCTS OFFERED BY UBL- AMEEN

2. DEPOSIT PRODUCTS OFFERED BY UBL-AMEEN Presented By: Faisal Masood Sheikh – RM Corporate Muhammad Sharjeel Memon – RM Corporate

3. وَأَحَلَّ ٱللَّهُ ٱلۡبَيۡعَ وَحَرَّمَ ٱلرِّبَوٰا.‌ۚ.Surah Baqarah (2:285)Allah has permitted Trade and Prohibited RIBA Riba & Its Prohibition “Every loan that draws any premium is Riba”. Hadith is reported by Hazrat Harith ibn Abi Usamah in his Musnad

4. Business Model of a Conventional Bank • Creditor (Depositor) • Individuals • Corporate • FI’s • SME’s • Public Sector Mode of Credit • Conventional • Bank • Interest based pool managed by bank • Funds Lent • Debtor • PLS Saving Account • Term Deposit • Equity Withdrawal Interest Interest

5. Business Model of a Islamic Bank • Investment Account Holders (Depositors) • Individuals • Corporate • FI’s • SME’s • Public Sector Mode of Deposit & Funding • Islamic • Banking Institution • Mudaraba (Shariahcompliant) pool managed by bank • Islamic Banking Business (Shariah Compliant) • Murabaha • Ijarah • D. Musharakah • Sukuk • PLS Saving Account • COII • Equity • Income • Profit • Rent • Dividend Withdrawal Profit

6. Shariah Controls of an Islamic Banking Institution • Shariah Advisors are high ranking Islamic scholars with broad knowledge & experience in various disciplinary fields, from law, economics, banking systems and Sharia law • The Shariah Advisors guide the development of banking products and services, certifies them and assists compliance with Islamic Sharia • The Shariah auditors ensure that all the transactions are carried out in strict compliance to Islamic principles of banking

7. Ameen Shariah Panel • The products of UBL Ameen are Shariah compliant, and monitored through our panel of Shariah Advisors to ensure that our products are widely acceptable • UBL Ameen has acquired advisory/consultancy services from prominent Shariah Scholars: • DR. NOOR AHMED SHAHTAZas Shariah Advisor. He has over 13 years of experience in FATAWA and holds to his credit LLB and PhD degree in Islamic Studies • MUFTI HASSAN KALEEMas member of our Shariah Advisory panel. His expertise in the Islamic banking and finance industry is exceptional

8. Presentation Outline • UBL & Islamic banking in UBL • Deposit products • Salient features • Funds deployment & distribution • Wrap-up • Q/A

9. Interesting Facts About UBL & Islamic Banking In UBL • United Bank Limited is one of the largest commercial bank in Pakistan, established in 1959 and a group company of Abu Dhabi Group and Best Way Group • UBL has an asset base of over PKR 550 billion (Figures till Oct-2008) • UBL has a network of over 1000 branches across Pakistan and has a presence in several overseas locations including U.A.E, Oman, UK & Switzerland • UBL enjoys a credit rating of AA+ and A-1+ for both long term and short term periods • UBL has been awarded Islamic Banking license by the State Bank of Pakistan on December 16, 2006

10. Interesting Facts About UBL & Islamic Banking In UBL cont’d • The brand name for Islamic Banking is “Ameen” • UBL Ameen has its presence in all major cities of Pakistan including Karachi, Lahore, Faisalabad, Sialkot and Peshawar through 5 stand alone branches • UBL Ameen has also 20 Islamic banking windows in the existing UBL branches • By the end of year 2009 Ameen has projected to open 15 further windows in existing UBL branches across Pakistan

11. Deposit Products Of UBL Ameen • Ameen Current Account (PKR & FCY) Based on QARZ Funds received, to be repaid on the demand/notice of the depositor • Ameen Investment Accounts Based on Mudarabah A partnership where one partner provides capital (called Rabb-ul-maal) and another contributes efforts (called Mudarib) • Ameen Saving Account Investment accounts that have freedom of withdrawal and deposit in which profit can be received upon periodically • Ameen Certificate of Islamic Investment Term investment in which higher amount of profit can be received upon maturity /periodically

12. Ameen Current Account (PKR & FCY) • First cheque book free • No Minimum balance • Withdrawal on demand at anytime • PKR 100 Million and above 24 hours notice (working days) • PKR 200 Million and above 48 hours notice (working days) • Collection and clearance of cheques • No hidden charges

13. AmeenSaving & Certificate of Islamic Investment • Ameen Certificate of Islamic Investment is taken under the Shariah compliant terms of Mudarabah • Investor’s funds are pooled together with other depositors and are invested into Shariah Compliant profitable portfolios • Ameen manages your pooled funds and shares the profit as Mudarib. In case of loss Ameen get nothing and bear the loss of cost spent on managing the pool

14. Salient Features of Deposit Products

15. Salient Features of Deposit Products

16. * "Non-Muslims snap up Islamic accounts", BBC News, December 18, 2006 Wrapping Up :."Verily Allah will never change the condition of a people until they change themselves." :.(Surah ar-Ra'd Chapter 13, verse 11) • At present Islamic banking has a market share of over 4% of total banking sector of Pakistan • Demand for Islamic banking products is increasing in all sectors consist of Individuals, SMEs & Corporate customer alike • SBP is playing a vital role in regulating and monitoring Islamic compliances • Islamic banking is adopted on a global scale by Muslims and non Muslims • Islamic current accounts in England are becoming more popular with non-Muslims because of growing concern about where their deposits are invested* • On global scale five cities include Kuala Lumpur, Dubai, London, Singapore & Hong Kong are trying to become hub of Islamic banking

17. Thank you for giving us an opportunity to provide you an overview of Islamic banking deposit productsoffered by UBL Ameen