Electronic Payment (e-Right) against Un-Paid Letter of Rights (LoRs)
We are pleased to offer electronic-Right shares (e-Rights) subscription facility in collaboration with the Central Depository Company (CDC) , through which, Meezan Bank account holders, individuals, as well as institutional customers will be able to subscribe to their Un-Paid Letter of Rights (LoRs) issue online, providing ease and convenience to investors and reducing TATs due to electronic processing.
Alhamdullilah, we are the first bank in Pakistan to allow shareholders (Individuals, Institutional and Master TREC Holders (brokers)) of various companies to make payments of their Letter of Rights through all of our Alternate Distribution Channels including our ATMs, Internet Banking facility, Mobile Banking Application and eBIZ+. Meezan Bank’s e-Right service will facilitate 24/7 payments of right shares subscription (during the subscription period).
The newly launched service will enable investors with Un-paid Letter of Rights (LoRs) to subscribe and make payments electronically.
Note: Kindly note that trading of Letter of Rights (LOR) before subscription is impermissible as per the Bank's policies developed in line with Shariah principles