Smart Asaan Mobile Account is a digital wallet that enables banked as well as unbanked individuals to perform financial transactions securely even from their basic mobile phone. With faster and more convenient service, the Smart Asaan Mobile Account is designed to allow individuals to send or receive money easily to any account within Pakistan without internet connectivity.
Smart Asaan Mobile Account also offers a saving facility that gives competitive profit rate on savings along with the flexibility to use the money at any time.
Requirements for Using Meezan Smart Asaan Mobile Account
Instant account opening facility
Facility to link existing smart wallet with AMA channel
Cash withdrawal facility from any Meezan Bank branch after biometric verification
Transaction execution from basic mobile phone
No internet facility required to access account
Free internet and mobile banking services
No minimum deposit requirement
Profit paid on monthly basis and calculated on daily basis
On agreeing to become a Smart Asaan Mobile Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool and fund from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharkah.
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
|Account Categories||Profit Distribution Period||Tier Groups||Weightage Assigned|
|Smart Asaan Mobile Account||Monthly||-||0.67|
|Daily Product Basis (PKR)||Profit Rates (% per annum)|
|Smart Asaan Mobile Account||14.05|
Simply dial the short code *2262# in order to avail this service.