Is United Bank Limited (UBL) Sharia-Compliant (Halal)? — June 2026 Screening

United Bank Limited (UBL) in the Commercial Banks sector is not currently classed as Sharia-compliant based on the latest KMI All-Share screen.

It is not in the current KMI All-Share compliant list, which means it did not pass either the business-activity test or the Sharia financial ratios at the last review.

United Bank Limited is a Pakistan Stock Exchange-listed company in the Commercial Banks sector. A stock's halal (Sharia) status depends on its business activity and financial ratios — not its share price or popularity.

What this means

The KMI All-Share Index is the Pakistan Stock Exchange's reference list of Sharia-compliant companies. A stock is included only if its business is permissible under Islamic principles and it passes the financial screens — primarily a low ratio of interest-bearing debt to market capitalisation and a negligible share of income from non-compliant sources. UBL is not on the current compliant list, which may reflect its business activity or its financial ratios at the last review.

Reference: KMI All-Share screen, notice PSX/N-659, effective 2026-06-05.

Halal alternatives to UBL in Commercial Banks

Learn more

• What makes a stock Sharia-compliant?
• What does halal investing actually mean?
• The full halal PSX stock list

Frequently asked questions

Is UBL halal to invest in?

United Bank Limited (UBL) is not currently classed as Sharia-compliant under the latest KMI All-Share screen (2026-06-05). It is not in the current KMI All-Share compliant list, which means it did not pass either the business-activity test or the Sharia financial ratios at the last review. Always re-check the current screen before investing.

How is UBL screened for Sharia compliance?

UBL is assessed on two tests: whether its core business is permissible, and whether its financials pass the Sharia ratios (interest-bearing debt below ~33% of market cap and non-compliant income below ~5%). The KMI All-Share Index applies these tests.

What are halal alternatives to UBL?

Because UBL is not in the KMI All-Share compliant list, halal investors usually look at Sharia-compliant companies in the same or a similar sector. See the halal alternatives listed on this page and the full halal PSX list.

This page is educational and not financial advice. Sharia classification can change at each review — verify UBL's current status on the official KMI screen before investing.