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Meezan Kids Club Account

It’s never too early to savor the shades of saving

Are you still not 12 years old? Then Meezan Bank has something very special for you; a chance of having your own Mudarabah-based Meezan Kids Club Account.

 
You can now put all your pocket money, Eidi and all your other cash in this account, where it will be safe and invested in line with Islamic principles.

 

When you get this account opened, you will get to learn a lot more about managing your savings. We will also make sure you have fun while learning to save the right way.

Apply Now

 

 

  • Specifically for kids under the age of 12 years
  • Open your account with Rs. 500/- only
  • Exciting gifts on account opening and on special occasions
  • Personalized ‘Kids Club Certificate’
  • Halal profit every month
  • SMS alerts on your transactions
  • Personalized cheque book
  • Free instant access to your account throughInternet Banking and Online Banking
  • Free first Visa Debit Card in different colors for boys and girls
  • No minimum account balance requirement
  • The account is in your name; however, you need your parent’s/guardian’s help for using it.
  • After your 12th birthday, you can be a member of the Meezan Teens Club Account, which will open a whole new world of activities and fun.

Always Stay Connected with Our Online Banking



Our free On-line Banking facility allows all customers to access their account and conduct banking transactions from any of Meezan bank's branches nationwide. Our on-line facility makes it easy to deposit and withdraw cash, make pay-order requests and access numerous banking services from any Meezan Bank branch even if the account is based in a different city.

 

Our free On-line Banking, offers the following services:

 

  • Real-time cash deposit, instantly crediting your account!
  • Real-time cash withdrawal upto Rs. 5 million, giving you access to your money from anywhere in the Country!
  • Transfer of funds between your Meezan Bank accounts
  • Deposit and collection of clearing Cheques drawn within the same city
  • Issuance of Pay-order from any Meezan Bank branch
 

 

Profit sharing & Distribution Method

 

The Bank calculates the profit of the deposit pool every month. Gross income of the deposit pool is shared between the Bank (Mudarib) and customers (Rab-ul-Maal) on the basis of a predetermined profit-sharing ratio announced at the beginning of the month. The profit is distributed amongst the Account holders on the basis of predetermined weightages, announced at the beginning of the month. In case of a loss, as per the rules of Mudarabah, the Rab-ul-Maal shall bear the loss in the ratio of their investment.

 

 

Profit Sharing Ratio

  • Bank will share 50% of Gross Income as Mudarib
  • Depositor will share 50% of Gross Income as Rab-ul-Maal

Weightages for the Month of May 2013

 

Account Category
Profit Distribution Period/
Tier group
Weightage Assigned
Meezan Kids Club Account
monthly
0.89

 

Consolidated Weightages

Profit Rates for the month of April 2013

Daily Product Basis (PKR)
Profit Rates (% Per Annum)
5.26%

 

 

  Historical Profit Rates

The account is in your name but you will require the help of your parents/guardians for account opening formalities, withdrawals, Visa Card transactions and general banking activities.   

 

We will need the following documents to open an account.

 

  • Copy of B Form / Birth Certificate / CRC issued by NADRA
  • Copy of parent's / guardian's CNIC
  • Valid proof of parent's/guardian's source of income

 

 That's all you need to do to open a Meezan Kids Club Account with us and enjoy our banking services.

 

 

Kids Fatwa 
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