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.
*Subject to meeting the minimum salary criteria.
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.
For further details and queries, engage with our Meezan Payroll Partner specialist at [email protected] or visit your nearest branch.
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.
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 |
|---|---|---|
| Meezan Payroll Partner | Monthly | 0.01 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Meezan Payroll Partner | Monthly | 0.28% |