Meezan Pound Savings Account can be opened by Individuals and businesses including Sole Proprietorships, Partnerships and Limited Companies.
Minimum investment required to open an account is £100
Routine withdrawals up to £500 per day allowed without prior intimation
Withdrawals of above £500 needs 1 day prior notice
Profit will be paid and calculated on a monthly basis
Receive Foreign Remittances
Free Takaful Coverage* upto Rs. 1 million in case of an Accidental Death and Permanent Disability
Free ATM Takaful Coverage* upto Card Limit
*Maintaining a monthly average balance of Rs 10,000 and above.
No service charges if the balance maintained is low
On agreeing to become a Pound Saving 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 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal
|Account Categories||Profit Distribution Period||Tier Groups||Weightage Assigned|
|Meezan Pound Saving Account||Monthly||-||0.27|
|Daily Product Basis||Profit Rates (% per annum)|
Alhamdulillah, Meezan Bank is the first Bank in Pakistan that offers the facility of filling its Account Opening Form online.Apply Online
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 Form
You may visit any branch of Meezan Bank and our staff will assist you in filling the printed Account Opening Form and opening your account.Locate a Branch
Fill out the form below to be contacted by a Meezan Bank representative.Get Contacted
Our representative will call you within 2 working days.
Fill out the form below and you'll be guided about how you can open your new account.