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Short-term Halal Investments with Competitive Returns

The Riba-Free Monthly Mudarabah Certificate (MMC) is a short-term deposit product which has been designed to give you expected monthly returns.

Key Features

Investment Periods

Investment Periods

One month with re-investment option available on a continuous basis

Profit Payments

Profit Payments

Monthly profit payment will be made to your Meezan Bank account

Minimum Investment

Minimum Investment

Minimum Investment required is Rs. 100,000/-

COII Plus

MMC Plus

Enjoy a higher weightage with MMC Plus on your monthly investment by investing Rs. 1 million or more.

Premature Withdrawal

Pre Mature Withdrawal

Pre-mature withdrawal can be made as per approved schedule

How the Monthly Mudarabah 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 Distributable Income as Mudarib

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

Weightages for the Month of November 2018
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Monthly Mudarabah Certificate 100K and Above 0.68
Monthly Mudarabah Certificate - PLUS 1.0M - 2.99M 0.75
Monthly Mudarabah Certificate - PLUS 3.0M - 9.99M 0.79
Monthly Mudarabah Certificate - PLUS 10.0M - 24.99M 0.81
Monthly Mudarabah Certificate - PLUS 25.0M - 49.99M 0.83
Monthly Mudarabah Certificate - PLUS 50.0M - 99.99M 0.87
Monthly Mudarabah Certificate - PLUS 100.0M - 249.99M 0.91
Monthly Mudarabah Certificate - PLUS 250.0M - 499.99M 1.00
Monthly Mudarabah Certificate - PLUS 500.0M - 749.99M 1.34
Monthly Mudarabah Certificate - PLUS 750.0M - 999.99M 1.36
Monthly Mudarabah Certificate - PLUS 1.0B & 1.99B 1.43
Monthly Mudarabah Certificate - PLUS 2.0B & Above 1.45
Special Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
Monthly Mudarabah Certificate - Individuals 50.0M - 124.99M 1.31
Monthly Mudarabah Certificate - Individuals 125.0M - 274.99M 1.36
Monthly Mudarabah Certificate - Individuals 275.0M - 499.99M 1.41
Monthly Mudarabah Certificate - Individuals 500.0M & Above 1.51
Monthly Mudarabah Certificate - Corporates 50.0M - 124.99M 1.38
Monthly Mudarabah Certificate - Corporates 125.0M - 274.99M 1.43
Monthly Mudarabah Certificate - Corporates 275.0M - 499.99M 1.49
Monthly Mudarabah Certificate - Corporates 500.0M - 999.99M 1.51
Monthly Mudarabah Certificate - Corporates 1.0B & Above 1.53
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Consolidated Weightages
Profit Rates for the Month of October 2018

Monthly Mudarabah Certificate - MMC

Average Monthly Balance (PKR) Profit Rates (% per annum)
100K & Above 3.63%

Monthly Mudarabah Certificate - MMC Plus

Tenure Average Monthly Balance (PKR) Profit Rates (% per annum)
MMC Plus 1.0M - 2.99M 4.00%
MMC Plus 3.0M - 9.99M 4.19%
MMC Plus 10.0M - 24.99M 4.33%
MMC Plus 25.0M - 49.99M 4.43%
MMC Plus 50.0M - 99.99M 4.66%
MMC Plus 100.0M & 249.99M 4.85%
MMC Plus 250.0M - 499.99M 5.32%
MMC Plus 500.0M - 749.99M 7.11%
MMC Plus 750.0M - 999.99M -
MMC Plus 1.0B - 1.99B 7.63%
MMC Plus 2.0B & Above -
COII Plus - 3 Months 1.0M - 2.99M 4.24%
COII Plus - 3 Months 3.0M - 9.99M 4.48%
COII Plus - 3 Months 10.0M - 24.99M 4.57%
COII Plus - 3 Months 25.0M - 49.99M 4.66%
COII Plus - 3 Months 50.0M - 99.99M 4.76%
COII Plus - 3 Months 100.0M & 249.99M -
COII Plus - 3 Months 249.0M & Above -
COII Plus - 6 Months 1.0M - 2.99M 5.09%
COII Plus - 6 Months 3.0M - 9.99M 5.18%
COII Plus - 6 Months 10.0M - 24.99M 5.18%
COII Plus - 6 Months 25.0M - 49.99M 5.98%
COII Plus - 6 Months 50.0M & Above 6.12%
COII Plus - 1 Year Monthly 1.0M - 2.99M 4.52%
COII Plus - 1 Year Monthly 3.0M - 9.99M 4.76%
COII Plus - 1 Year Monthly 10.0M - 24.99M 4.90%
COII Plus - 1 Year Monthly 25.0M - 49.99M 4.99%
COII Plus - 1 Year Monthly 50.0M - Above 5.09%
COII Plus - 1 Year Quaterly 1.0M - 2.99M 4.85%
COII Plus - 1 Year Quaterly 3.0M - 9.99M 4.90%
COII Plus - 1 Year Quaterly 10.0M - 24.99M 5.09%
COII Plus - 1 Year Quaterly 25.0M - 49.99M 5.14%
COII Plus - 1 Year Quaterly 50.0M - Above 5.23%
COII Plus - 1 Year Maturity 1.0M - 2.99M 5.18%
COII Plus - 1 Year Maturity 3.0M - 9.99M 5.23%
COII Plus - 1 Year Maturity 10.0M - 24.99M 5.28%
COII Plus - 1 Year Maturity 25.0M - 49.99M 5.37%
COII Plus - 1 Year Maturity 50.0M - 199.99M 5.42%
COII Plus - 1 Year Maturity 200.0M - 249.99M 7.54%
COII Plus - 1 Year Maturity 250.0M - 499.99M 7.63%
COII Plus - 1 Year Maturity 500.0M - 999.99M -
COII Plus - 1 Year Maturity 1B & Above -
Special Account Categories Profit Distribution Periods/Tier groups Profit Assigned
Monthly Mudarabah Certificate - Individuals 10.0M - 14.99M 6.08%
Monthly Mudarabah Certificate - Individuals 15.0M - 24.99M 6.17%
Monthly Mudarabah Certificate - Individuals 25.0M - 74.99M 6.60%
Monthly Mudarabah Certificate - Individuals 75.0M - 199.99 6.64%
Monthly Mudarabah Certificate - Individuals 200.0M - 199.99 7.07%
Monthly Mudarabah Certificate - Individuals 250.0M - 274.99 -
Monthly Mudarabah Certificate - Individuals 275.0M - 299.99 -
Monthly Mudarabah Certificate - Individuals 300.0M - 499.99 7.44%
Monthly Mudarabah Certificate - Individuals 500.0M & Above -
Monthly Mudarabah Certificate - Corporates 10.0M - 49.99M 6.60%
Monthly Mudarabah Certificate - Corporates 50.0M - 99.99M 6.64%
Monthly Mudarabah Certificate - Corporates 100.0M - 249.99M 7.30%
Monthly Mudarabah Certificate - Corporates 500.0M - 599.99M 7.35%
Monthly Mudarabah Certificate - Corporates 600.0M - 749.99M -
Monthly Mudarabah Certificate - Corporates 750M - 999.99M -
Monthly Mudarabah Certificate - Corporates 1.0B - 1.99B 7.63%
Monthly Mudarabah Certificate - Corporates 2.0B & Above -
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Historical Profit Rates

Zakat Clause : In Monthly Mudarabah 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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