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Long Term Investments with Halal Monthly Returns

Meezan Amdan Certificate (MAC) is a Mudarabah-based long-term deposit product that offers a high expected return to investors and is ideal for those individuals and corporate clients who need a regular stream of monthly income.

Key Features

Investment Periods

Investment Periods

Investment can be made for 5 - 1/2 years and 7 years

Profit Payments

Profit Payments

Profit payment is made to your Meezan Bank account on a monthly basis

Minimum Investment

Minimum Investment

For Individuals = Rs. 100,000/For widows and seniors = Rs. 50,000/-

Premature Withdrawal

Pre Mature Withdrawal

Pre-mature withdrawal can be made as per approved schedule

How the Meezan Amdan Certificate Works

Profit Sharing and Distribution Method

The Distributable income of the deposit pool is distributed among the bank (Mudarib) and customers (Rab ul Maal) on the basis of a pre-determined profit sharing ratio and weightages which shall be announced 3 days before beginning of every month and shall not be changed during the month. According to the sprit of Mudarbah, the profit rates are calculated and announced up to seven days of the subsequent month from the monthly income of the trade activities of the pool. Conversely, in case of the loss as per the rule of Mudarbah, the Rab ul Maal shall bear the loss in the ratio of their investment.

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 2018
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Meezan Aamdan Certificate 5 - 1/2 years Monthly 1.19
Meezan Aamdan Certificate 7 years Monthly 1.36
Consolidated Weightages
Profit Rates for the Month of November 2018
Period Monthly Profit Rates (% per annum)
5 - 1/2 years 6.53%
7 years 7.53%
Historical Profit Rates

Zakat Clause : In Meezan Amdan Certificate Zakat is deducted as per the directives of Zakat and Ushr Ordinance, 1980. Therefore, customers are advised to calculate their Zakat as per the guidelines of their respective school of thought (Makatib e fikr).

Fatwa on Deposit Products

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