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Umnia Bank
A Moroccan participative bank offering Sharia-compliant accounts, financing, savings, and takaful, with UConnect app access for individuals and businesses.
Umnia Bank Product Overview
Is Umnia Bank Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Moroccan individuals
- Moroccan businesses
What It Does Well
- Sharia-compliant accounts
- Business banking accounts
Things to Check
- UConnect app features
- Financing terms
About Umnia Bank
Umnia Bank is a Moroccan participative bank providing Sharia-compliant banking services for individuals, professionals, companies, and Moroccan diaspora customers.
Key capabilities include:
- Bank accounts for individuals, professionals, and companies, with online account pre-opening (preouverture)
- Financing products structured around Islamic finance principles, including Mourabaha (real estate and car financing), Ijara (leasing), and Moucharaka-style investment offers
- Savings and investment options (tawzif al-amwal) with profit-sharing structures, for personal and business needs
- Takaful insurance for individuals, professionals, and companies
Available on Web (including UConnect web login), Android, and iOS via the UConnect mobile app for remote account management.
Umnia Bank launched in 2017 as Morocco's first participative bank, founded with backing from CIH Bank and Qatar International Islamic Bank (QIIB); CIH Bank holds the majority (around 51%) of shares, with QIIB holding the rest. The bank is a member of CIBAFI, the international council for Islamic banks and financial institutions.
As of 2025, Umnia Bank reports MAD 13.5 billion in total assets, a MAD 11.5 billion financing portfolio (up 29.3% year-on-year), and net profit of MAD 57 million, serving customers through around 53 branches across 35 cities in Morocco, alongside its digital banking channels.
Umnia Bank Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataOperates In
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What it does
As of Oct 5, 2026, Umnia Bank is rated 2.8 on the App Store from 47 reviews and 3.2 on Google Play from 2.9K reviews with 100K+ installs.
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Frequently Asked Questions About Umnia Bank
Umnia Bank is a Moroccan participative bank that offers Sharia-compliant banking services, launched in 2017 as Morocco's first participative bank. You can open accounts, use savings and financing products such as Mourabaha and Ijara, and manage your account remotely with the UConnect app.
Umnia Bank charges a monthly account opening fee of 25 Dh, which includes account management fees and the bank card. Other product-specific costs, such as Mourabaha financing margins, vary by product and are not all listed publicly.
Umnia Bank operates in Morocco, with around 53 branches across 35 cities as of 2025.
You can sign up online through Umnia Bank's account opening flow, or complete the process in a branch depending on the product and your customer profile. The website also highlights 100% online account opening in under 10 minutes for some users.
Yes, Umnia Bank is available on iOS and Android through its UConnect app. You can download UConnect on the App Store for iPhone, or get it on Google Play for Android.
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