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.
No charges on issuance of chequebook
Free Pay Orders
Minimum investment required to open an account is Rs. 1,000,000/-
There is no restriction on withdrawals or numbers of transactions
Dedicated Relationship Manager
Free Internet Banking
Profit will be calculated on daily product basis
Profit will be paid on monthly basis
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.
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
| Products | Tier Groups | Weightage Assigned |
|---|---|---|
| Karobari Munafa Account | Re.1 - 499.99 M | 0.40 |
| Karobari Munafa Account | 500 M - 999.99 M | 0.41 |
| Karobari Munafa Account | 1 B - 4.99 B | 0.43 |
| Karobari Munafa Account | 5 B & Above | 0.43 |
| Karobari Munafa Account (Clubbed) | Re.1 - 499.99 M | 0.40 |
| Karobari Munafa Account (Clubbed) | 500 M - 999.99 M | 0.41 |
| Karobari Munafa Account (Clubbed) | 1 B - 4.99 B | 0.43 |
| Karobari Munafa Account (Clubbed) | 5 B & Above | 0.43 |
| Karobari Munafa Account PES | Monthly | 0.58 |
| Products | Amount | Profit Assigned |
|---|---|---|
| Karobari Munafa Account | Re.1 - 499.99 M | 11.01% |
| Karobari Munafa Account | 500 M - 999.99 M | 11.28% |
| Karobari Munafa Account | 1 B - 4.99 B | 11.83% |
| Karobari Munafa Account | 5 B & Above | 11.83% |
| Karobari Munafa Account (Clubbed) | Re.1 - 499.99 M | 11.01% |
| Karobari Munafa Account (Clubbed) | 500 M - 999.99 M | 11.28% |
| Karobari Munafa Account (Clubbed) | 1 B - 4.99 B | 11.83% |
| Karobari Munafa Account (Clubbed) | 5 B & Above | - |
| Karobari Munafa Account PES | Monthly | 15.96% |
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 FormYou may visit any branch of Meezan Bank and our staff will assist you in filling the printed Account Opening Form and opening your account.
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