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Halal, Riba-Free Investment with Competitive Return

The Dollar Mudarabah Certificate (DMC) is a deposit product through which you can invest your US Dollars with Meezan Bank for periods ranging from 3 months to 3 years and earn six-monthly or at maturity profit payments on your investment.

Key Features

Investment Periods

Investment Periods

Investment tenures are 3 months, 6 months, 1 year and 3 years

Profit Payments

Profit Payments

Profit payment will be made either at maturity or on a  six-monthly basis to your Meezan Bank Dollar Saving Account

Minimum Investment

Minimum Investment

Minimum Investment required is USD 10,000/-

Premature Withdrawal

Pre Mature Withdrawal

Pre-mature withdrawal can be made as per approved schedule

How the Dollar Mudarabah Certificate Works

Profit Sharing and Distribution Method

The Distributable income of the deposit pool is distributed among the bank (Mudarib) and customers (Rab ul Maal) on the basis of a pre-determined profit sharing ratio and weightages which shall be announced 3 days before beginning of every month and shall not be changed during the month. According to the sprit of Mudarbah, the profit rates are calculated and announced up to seven days of the subsequent month from the monthly income of the trade activities of the pool. Conversely, in case of the loss as per the rule of Mudarbah, the Rab ul Maal shall bear the loss in the ratio of their investment.

Profit Sharing Ratio

Bank will share 75% of Distributable Income as Mudarib

Depositor will share 25% of Distributable Income as Rab-ul-Maal

Weightages for the Month of December 2018
Account Categories Profit Distribution Periods Tier groups Weightage Assigned
Dollar Mudarabah Certificate - 3 months Maturity 10K - 49.9K 0.77
Dollar Mudarabah Certificate - 3 months Maturity 50K & Above 0.87
Dollar Mudarabah Certificate - 6 months Maturity 10K - 49.9K 0.84
Dollar Mudarabah Certificate - 6 months Maturity 50K & Above 0.91
Dollar Mudarabah Certificate - 1 year 6 Monthly 10K - 49.9K 1.19
Dollar Mudarabah Certificate - 1 year 6 Monthly 50K & Above 1.26
Dollar Mudarabah Certificate - 1 year Maturity 10K - 49.9K 1.23
Dollar Mudarabah Certificate - 1 year Maturity 50K & Above 1.30
Dollar Mudarabah Certificate - 3 year 6 Monthly 10K - 49.9K 1.26
Dollar Mudarabah Certificate - 3 year 6 Monthly 50K & Above 1.33
Dollar Mudarabah Certificate - 3 year Maturity 10K - 49.9K 1.30
Dollar Mudarabah Certificate - 3 year Maturity 50K & Above 1.35
Profit Rates for the Month of November 2018
Profit Rates (% per annum) 10K - 49.9K
Period Six Monthly Maturity
Three Months - 0.80%
Six Months - 0.87%
One Year 1.24% 1.28%
Three Year 1.31% 1.35%
Profit Rate (% Per Annum) 50K & Above
Period Six Monthly Maturity
Three Months - 0.90%
Six Months - 0.95%
One Year 1.31% 1.35%
Three Year 1.38% 1.40%

Zakat Clause : In Dollar Mudarabah Certificate Zakat is deducted as per the directives of Zakat and Ushr Ordinance, 1980. Therefore, customers are advised to calculate their Zakat as per the guidelines of their respective school of thought (Makatib e fikr).

Fatwa on Deposit Products

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Invest in a Dollar Mudarabah Certificate

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