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For Customers with Limited Proof of Source of Income

The Riba-free Meezan Asaan Savings Account is another addition to the offerings of Meezan bank. Meezan Asaan Account opens the doors of banking products and services to those customers who have limited proof of source of income. The account can be opened with just Rs. 100/- and a valid CNIC/ SNIC / Passport / National Identity Card for Overseas Pakistanis (NICOP) / Pakistan Origin Card (POC) / Alien Registration Card (ARC) issued by National Aliens / Registration Authority (NARA) / Pension Book.

(Meezan Asaan Savings Account is meant for resident individuals having Pakistani nationality only)

Key Features

Free Chequebook

No charges on issuance of chequebook

Free Pay Orders

Free Pay Orders

Free Internet Banking

Free Internet Banking facility

Minimium Deposit

Minimum investment required to open an account is Rs. 100/-

Free Online Banking

Free Online Banking service at all Meezan Bank branches

Profit Payment & Calculation

Profit will be paid on monthly basis and calculated on daily basis


Restriction on withdrawals amount above Rs. 1,000,000/- per month

Maximum Credit Balance*

Restriction on Maximum credit balance limit of Rs. 1,000,000/-

Visa Debit Card

Globally accepted Meezan Visa Debit Card

*Maximum credit limit not valid in case of Inward Remittance.

How the Meezan Asaan Savings Account Works

On agreeing to become a Asaan Savings 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; funds 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.

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 February 2023
Account Categories Profit Distribution Period Tier Groups Weightage Assigned
Asaan Savings Account Monthly - 0.69
Consolidated Weightages
Profit Rates for the Month of December 2022
Daily Product Basis (PKR) Profit Rates (% per annum)
- 12.60
Profit Rates
Historical Profit Rates

Want to Open a Asaan Savings Account?

Download, Print, Fill Form

PDF version of our printed Account Opening Form is also available for download. You can print the form, fill your details and submit it along with the required documents at your preferred branch.

Download Form

Visit a Branch

You may visit any branch of Meezan Bank and our staff will assist you in filling the printed Account Opening Form and opening your account.

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