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Meezan Digital Asaan Account

For Customers with Limited Proof of Source of Income

Meezan Digital Asaan Account is specifically designed for Resident Pakistanis who wish to open a bank account digitally without the hassle of visiting a physical branch. Meezan Digital Asaan Account is offered in PKR currency only, and can be opened in either current and savings category.

NOTE: Only One Digital Asaan Account will be offered per customer. This account is being offered to new customers only.

Key Features & Benefits

  • Instant account opening
  • No physical documentary requirements!
  • Maximum credit balance limit of PKR 1,000,000
  • Monthly debit limit of PKR 1,000,000
  • No initial deposit requirement
  • Profit paid on monthly basis and calculated on daily basis (applicable on Savings Account only)
  • Free cheque book and pay orders
  • Free online banking
  • Free internet & mobile banking

How does Meezan Digital Asaan Account work?

Meezan Digital Asaan Account is offered in both current & savings accounts under the Islamic concept of Qard & Mudarabah.

Profit Sharing Ratio

PKR Savings Account

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

Weightages
Weightages for the Month of April 2024
ProductsTier GroupsWeightage Assigned
Meezan Digi Asaan AccountMonthly0.66
Consolidated Weightages
Profit Rates
Profit Rates for the Month of March 2024
ProductsTenureProfit Assigned
Meezan Digi Asaan AccountMonthly18.17%
Profit Rates
Historical Profit Rates

Mudarabah Basis

On agreeing to become a Pak Rupee 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 Musharakah.

Qard Basis

Current Account (Pak Rupee) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.

Apply for a Meezan Digital Asaan Account today and enjoy Riba-free banking at its best

  • Download Meezan Digital app on your phone
  • Turn-on Location
  • Verify your mobile number via OTP
  • Input your ID (CNIC, etc.) details for verification
  • Provide your occupation details
  • Perform your Biometric verification
  • Capture a Live Selfie
  • Review your information and press submit button
  • And that’s it… Welcome to Meezan Bank!