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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

Minimum Investment

Minimium Investment

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

Free Chequebook

No Withdrawal Limit

There is no restriction on withdrawals or numbers of transactions

Free Internet Banking

Cheque books

Cheque books and Pay Orders

Free Internet Banking

Dedicated Manager

Dedicated Relationship Manager

Minimum Investment

Internet Banking

Free Internet Banking

Free Chequebook

Profit Calculation

Profit will be calculated on daily product basis

Free Internet Banking

Profit Payment

Profit will be paid on monthly basis

Free Internet Banking

Takaful Coverage

Free Takaful Coverage* upto Rs. 1 million in case of an Accidental Death and Permanent Disability

Free ATM Takaful Coverage* upto Card Limit

*Maintaining a monthly average balance of Rs 10,000 and above.

*Terms & Conditions apply

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 November 2018
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Karobari Munafa Account 1M-9.99M 0.57
Karobari Munafa Account 10M-24.99M 0.58
Karobari Munafa Account 25M-49.99M 0.70
Karobari Munafa Account 50M-99.99M 0.81
Karobari Munafa Account 100M-199.99M 0.84
Karobari Munafa Account 200M-299.9M 0.86
Karobari Munafa Account 300M-499.9M 0.95
Karobari Munafa Account 500M-999.9M 1.05
Karobari Munafa Account 1B & 1,999.99M 1.10
Karobari Munafa Account 2B & Above 1.14
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Karobari Munafa Account Plus 1M-9.99M 0.57
Karobari Munafa Account Plus 10M-49.99M 0.57
Karobari Munafa Account Plus 50M-99.99M 0.80
Karobari Munafa Account Plus 100M-249.99M 0.84
Karobari Munafa Account Plus 250M-499.99M 0.88
Karobari Munafa Account Plus 500M-999.99M 0.90
Karobari Munafa Account Plus 1B & Above 0.92
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Karobari Munafa Account - Clubbed 1.0-24.99M 0.57
Karobari Munafa Account - Clubbed 25M -249.99M 0.68
Karobari Munafa Account - Clubbed 250M-499.99M 0.81
Karobari Munafa Account - Clubbed 500M-749.99M 0.82
Karobari Munafa Account - Clubbed 750M-999.99M 0.84
Karobari Munafa Account - Clubbed 1.0 Bn to 1.99 Bn 1.43
Karobari Munafa Account - Clubbed 2.0 Bn to 2.99 Bn 1.43
Karobari Munafa Account - Clubbed 3.0 Bn & Above 1.43
Profit Rates for the Month of October 2018

KAROBARI MUNAFA ACCOUNT

Daily Account Balance (PKR) Profit Rates (% per annum)
Re. 1 - 9.99 Million 2.87%
10 Million - 24.99 Million 3.11%
25 Million - 49.99 Million 3.72%
50 Million - 99.99 Million 4.33%
100 Million - 199.99 Million 4.48%
200 Million - 299.99 Million 4.57%
300 Million -499.99 Million 5.09%
500 Million - 999.99 Million 5.61%
1 Billion - 1999.9 Billion 5.84%
2 Billion & Above 6.03%

KAROBARI MUNAFA ACCOUNT PLUS

Daily Account Balance (PKR) Profit Rates (% per annum)
Re. 1 - 9.99 Million 2.87%
10 Million - 49.99 Million 3.06%
50 Million - 99.99 Million 4.24%
100 Million - 249.99 Million 4.48%
250 Million - 499.99 Million 4.66%
500 Million - 999.99 Million -
1 Billion & Above -

KAROBARI MUNAFA ACCOUNT CLUBBED

Daily Account Balance (PKR) Profit Rates (% per annum)
Re. 1 - 24.99 Million 2.87%
25 Million - 249.99 Million 3.58%
250 Million - 499.99 Million 4.29%
500 Million - 749.99 Million 4.38
750 Million - 999.99 Million 4.48%
1 Billion - 1.99 Billion 7.11%
2 Billion - 2.99 Billion 7.11%
3 Billion & Above 7.11%

Want to Open a Karobari Munafa Account

Apply Online

Alhamdulillah, Meezan Bank is the first Bank in Pakistan that offers the facility of filling its Account Opening Form online.

Apply Online

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

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