Meezan Bachat Account can be opened by Salaried or Self-employed, Housewives and Retired individuals.
On agreeing to become a Meezan Bachat 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.
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|
|Meezan Bachat Account||-||Re.1 - 499.99K||0.39|
|Meezan Bachat Account||-||500K & Above||0.41|
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
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.Locate a Branch
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