The Riba-free Dollar Savings Account is a remunerative Foreign Currency Account for Individuals. You can open and operate this account using US Dollars and earn Shariah-compliant returns under the principles of Mudarabah along with other value-added benefits.
Diversify and safeguard your investments against currency fluctuations.
Open your Dollar Savings Account with Meezan Bank today!
No charges on issuance of chequebook
Minimum investment required to open an account is $100
Profit will be paid on monthly basis and calculated on daily basis
No service charges if the balance maintained is low
Receive Foreign Remittances
On agreeing to become a Dollar Saving 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 75% of Gross Income as Mudarib
Depositor will share 25% of Gross Income as Rab-ul-Maal
| Products | Tier groups | Weightage Assigned |
|---|---|---|
| Meezan US Dollar Savings Account | Monthly | 0.58 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Meezan US Dollar Savings Account | Monthly | 2.00% |
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 FormYou 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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