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Meezan Payroll Partner

An Exclusive Digital Employee Banking Solution

Meezan Bank is pleased to introduce Meezan Payroll Partner – a complete payroll management solution that offers benefits such as payroll disbursement, pension disbursal, staff reimbursement, bonus processing and much more. The entire product suite is powered via eBiz+, an online platform for Corporate Collections and Payments.

Meezan Payroll Partner provides a one-stop banking solution for clients as they can get their daily banking and payroll needs all in one place.

Key Features

  • Shariah-compliant product offering Mudarabah-based savings accounts
  • Digital account opening
  • Cost effective – eliminates overhead costs for the company
  • Minimum documentation requirement
  • Premium Banking*
  • Access to Consumer Banking products at preferential rates
  • Ease in documentation for consumer products

*Subject to meeting the minimum salary criteria.

Access to Account Details via eBiz+

Our Information Reporting platform provides real-time access to transactional information and account balances. In addition, customers can also create customized MIS and access their Account Statements in multiple formats from their computer.


Benefits for Employers
  • Door step services offering for employees
  • Hassle-free and swift account opening
  • Dashboard for visibility of Account Opening Status
  • Quick digital transfer of salaries to employee accounts
  • Avoidance of risks linked to cash handling and distribution
Benefits for Employees
  • A complete employee banking solution
  • On-premises facilitation eliminating the need to visit branch
  • A salary account with no minimum balance requirement
  • Additional benefits include:
    • Free debit card
    • Free cheque book
    • Free SMS alerts
    • Free pay order
    • Free internet banking
    • Free mobile app
    • Free e-statement
    • Discounted rates on consumer products

For further details and queries, engage with our Meezan Payroll Partner specialist at [email protected] or visit your nearest branch.

How the Meezan Payroll Partner Account Works

Download Fatwa

On agreeing to become a Meezan Payroll Partner Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharkah.

Profit Sharing Ratio

Bank will share 50% of Gross Income as Mudarib

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

Weightages
Weightages for the Month of March 2024
ProductsTier GroupsWeightage Assigned
Meezan Payroll PartnerMonthly0.01
Consolidated Weightages
Profit Rates
Profit Rates for the Month of February 2024
ProductsTenureProfit Assigned
Meezan Payroll PartnerMonthly0.28%
Profit Rates
Historical Profit Rates