If you found this page informative, share it now!

Tailored for large Corporate or GoP-Controlled Entities

Karobari Munafa is a high profit savings account specifically tailored for large Corporate or GoP-controlled entities. It allows customers to earn higher returns on surplus cash balances, has no preset transaction limits and comes with a variety of free packaged benefits.

Meezan Karobari Munafa Account can be opened by Individuals and businesses including Sole Proprietorships, Partnerships and Limited Companies.

Key Features

Free Chequebook

No charges on issuance of chequebook

Free Pay Orders

Free Pay Orders

Minimium Investment

Minimum investment required to open an account is Rs. 1,000,000/-

No Withdrawal Limit

There is no restriction on withdrawals or numbers of transactions

Dedicated Manager

Dedicated Relationship Manager

Internet Banking

Free Internet Banking

Profit Calculation

Profit will be calculated on daily product basis

Profit Payment

Profit will be paid on monthly basis

How the Karobari Munafa Account Works

Download Fatwa

The Karobari Munafa Account works on the principle of Mudarabah under which the customer is an Investor (Rab-ul-Maal), and the Bank is the Manager (Mudarib) of the funds deposited by the customer. The Bank allocates the funds received from the customers to a Deposit pool. Funds in the pool are invested under Islamic modes of finance that include but are not restricted to Murabaha, Sukuk and Ijarah.

Profit Sharing Ratio

Bank will share 50% of Gross Income as Mudarib

Depositor will share 50% of Gross Income as Rab-ul-Maal

Weightages for the Month of December 2022
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Karobari Munafa Account Re.1.0 - 9.99M 0.40
Karobari Munafa Account 10.0M - 49.99M 0.40
Karobari Munafa Account 50.0M - 199.99M 0.41
Karobari Munafa Account 200.0M - 499.99M 0.41
Karobari Munafa Account 500.0M - 999.99M 0.42
Karobari Munafa Account 1.0B - 1.99B 0.45
Karobari Munafa Account 2.0B - 4.99B 0.52
Karobari Munafa Account 5.0B & Above 0.52
Karobari Munafa Account - PES Monthly 0.65
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Karobari Munafa Account - Clubbed Re.1.0 - 499.99M 0.43
Karobari Munafa Account - Clubbed 500.0M-999.99M 0.46
Karobari Munafa Account - Clubbed 1.0B - 1.99B 0.52
Karobari Munafa Account - Clubbed 2.0B - 3.499B 0.52
Karobari Munafa Account - Clubbed 3.5B - 4.99B 0.52
Karobari Munafa Account - Clubbed 5B & Above 0.52
Profit Rates for the Month of October 2022

KAROBARI MUNAFA ACCOUNT

Daily Account Balance (PKR) Profit Rates (% per annum)
Re. 1 - 9.99 M 6.50
10 M - 49.99 M 6.67
50 M - 199.99 M 6.83
200 M - 499.99 M 6.83
500 M - 999.99 M 7.17
1.0 B - 1.99 B 7.67
2.0 B - 4.99B 9.00
5.0B & Above -

KAROBARI MUNAFA ACCOUNT - Pakistan Energy Sukuk

Daily Account Balance (PKR) Profit Rates (% per annum)
Monthly 11.17

KAROBARI MUNAFA ACCOUNT CLUBBED

Daily Account Balance (PKR) Profit Rates (% per annum)
Re. 1 - 499.99 M 7.50
500 M - 999.99 M 8.00
1.0 B - 1.99 B 9.00
2.0 B - 3.499 B -
3.5 B - 4.99 B 9.00
5.0 B & Above -
Profit Rates
Historical Profit Rates

Want to Open a Karobari Munafa 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.

Name *
Email
Phone Number *
City *
Nearest branch *