Not compliant
United Bank for Africa does not pass Shariah screening under the AAOIFI Standard.
NGX: UBA · Financial services · Screened 20 Aug 2026
United Bank for Africa Plc is a pan-African financial services group headquartered in Lagos. It provides corporate, commercial and retail banking services in Nigeria and across subsidiaries in 20 African countries, with additional offices in London, Paris and New York and a banking licence in the United Arab Emirates obtained in December 2021, with operations officially launched in July 2022 at the Dubai International Financial Centre.
The group organises its business across Corporate Banking, Retail and Commercial Banking, and Treasury and Financial Markets. Its offering spans trade finance, treasury and foreign exchange, international corporate banking, infrastructure financing, trade advisory, and online and mobile banking. UBA is also the parent of UBA Pension Custodian Limited, UBA Capital (UK) and UBA FX Mart Limited.
The group's pan-African diversified model continues to underpin performance, with African subsidiaries contributing 53% of group profit before tax in the first half of 2025. Throughout the 2025 financial year, the group's African operations contributed over 50% of total assets, revenue, and profit. West African subsidiaries generated operating revenue of N1.01 trillion in 2025, up 19%, with profit after tax jumping 53% to N457 billion. Total group assets expanded 9.4% to N33.2 trillion, with customer deposits growing 11.8% to N27.2 trillion. The group serves over 45 million customers globally and employs 25,000 people group-wide.
In December 2025, UBA won the African Bank of the Year award for the third time in five years, with nine of its 20 African subsidiaries also named Best Bank of the Year in their respective countries. The bank's digital innovation was also recognised, with its chatbot Leo becoming the first African banking chatbot to enable cross-border payments via the Pan-African Payment and Settlement System (PAPSS).
Three reported segments: Corporate Banking, Retail and Commercial Banking, and Treasury and Financial Markets.
No. As of 20 August 2026, United Bank for Africa (UBA) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.