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Truly Halal Savings with Competitive Returns

The Riba-free Euro Savings Account is a remunerative Foreign Currency Account for Individuals. You can open and operate this account using Euros 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 Euro Savings Account with Meezan Bank today!

Key Features

Free Chequebook

No charges on issuance of chequebook

Minimum Deposit

Minimum investment required to open an account is €100

Routine Withdrawals

Routine withdrawals up to €500 per day allowed without prior intimation

Prior Notice

Withdrawals of above €500 needs 1 day prior notice

Profit Payment & Calculation

Profit will be paid on monthly basis and calculated on daily basis

Foreign Remittances

Receive Foreign Remittances

No Deductions

No service charges if the balance maintained is low

How the Euro Savings Account Works

Download Fatwa

On agreeing to become a Euro 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.

Profit Sharing Ratio

Bank will share 90% of Gross Income as Mudarib

Depositor will share 10% of Gross Income as Rab-ul-Maal

Weightages for the Month of October 2022
Account Categories Profit Distribution Period Weightage Assigned
Meezan Euro Saving Account Monthly 0.27
Consolidated Weightages
Profit Rates for the Month of August 2022
Daily Product Basis Profit Rates (% per annum)
- 0.07
Profit Rates
Historical Profit Rates

Want to Open a Euro Savings Account

Download, Print, Fill Form

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

Visit a Branch

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

Get Contacted

Fill out the form below to be contacted by a Meezan Bank representative.

Get Contacted

Get contacted by our representative!

Fill out the form below and you'll be guided about how you can open your new account.

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