The Meezan Islamic Institution Deposit Account (MIIDA) is a unique product, tailored exclusively for Islamic Financial Institutions (IFIs). With MIIDA, any IFI now has the opportunity to manage excess liquidity in an immediate and profitable manner by maintaining a checking account with Meezan Bank.
Meezan Islamic Institution Deposit Account (MIIDA) is for Islamic Financial Institutions only.
Minimum investment amount- PKR 10,000,000/- or multiples thereof
24 hrs. notice for PKR 50 - 200M deposit 48 hrs. notice for 200M+ deposit
Deposits invested under a Mudarabah arrangement
A Checking Account only available for IFIs.
Profit will be calculated on daily product basis
Profit will be paid on monthly basis
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
|Account Categories||Profit Distribution Periods/Tier groups||Weightage Assigned|
|Meezan Islamic Institution Deposit Account||1M-199.9M||0.57|
|Meezan Islamic Institution Deposit Account||200M-499.99M||0.57|
|Meezan Islamic Institution Deposit Account||500M & Above||
|Meezan Islamic Institution Deposit A/C - NBFI||Less Than 250M||0.57|
|Meezan Islamic Institution Deposit A/C - NBFI||250M-499.99M||0.57|
|Meezan Islamic Institution Deposit A/C - NBFI||500M & Above||0.57|
|MIIDA - Tier (PKR)||Profit Rates (% Per Annum)|
|Re. 1 to 199.9M||2.87%|
|200M to 499.99M||2.87%|
|500M & Above||2.87%|
|MIIDA NBFI - Tier (PKR)||Profit Rates (% Per Annum)|
|Re. 1 to 249.99M||2.87%|
|250M to 499.99M||-|
|500M to 749.99M||-|
|750M to 999.99M||-|
|1B to 1.99B||-|
|2B to 2.99B||-|
|3B & Above||-|
Alhamdulillah, Meezan Bank is the first Bank in Pakistan that offers the facility of filling its Account Opening Form online.Apply Online
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
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
Our representative will call you within 2 working days.
Fill out the form below and you'll be guided about how you can open your new account.