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Simplified Online Digital Account Opening for Non-Resident Legal Entities

To facilitate Non-Resident Legal entities, Meezan Bank is pleased to offer Meezan Roshan Digital Business Account (MRDBA). It will enable legal entities incorporated / registered outside Pakistan, majority owned and controlled by Non-Resident Pakistanis (NRPs) and / or Non-Resident Pakistan Origin Card (POC) holders, to open a bank account in Pakistan digitally.

Eligibility Criteria


Please carefully read and understand the eligibility criteria to start the account opening process.

Eligible Customer types include:

  • Limited Liability Partnership
  • Limited Companies/ Corporation
  • Club/Society/Association/Trust Accounts/NGOs/ NPOs/ Charities
  • Other similar legal arrangements

Note: At least 51% of ownership must reside with NRPs/ POC holders.

Key Features

  • Open a Current or Savings Account in PKR or Foreign Currencies (USD / GBP / EUR)
  • Both Savings and Current accounts can be opened.
  • Account can be funded through foreign remittances only.
  • No local deposits are allowed except profit/proceeds from investments allowed by State Bank of Pakistan into Meezan Roshan Digital Business Account.
  • Allows you to make cross border payments outside Pakistan without any prior approval from the Bank or State Bank of Pakistan.
  • Pay utility bills and fees and conduct other fund transfers in Pakistan through PKR and FCY accounts.
  • Make donation to charitable organizations, welfare organizations, NGOs/ NPOs etc. in Pakistan.
  • Conversion: Conversion from Foreign Currency to PKR and vice versa for transactions permissible under applicable Laws and Regulations
  • Relationship: Dedicated Relationship Management Team
  • Initial Deposit: Amount to be remitted from customer’s bank account (having same title) maintained in country of incorporation/registration
  • Minimum Balance: No minimum balance requirement
  • Online dormancy removal option
  • Free Pay Orders: No charges on issuance of Pay Orders
  • Profit Payment and Calculation: Profit will be paid on monthly basis and calculated on daily basis (Applicable for savings variant only)
  • Withdrawals: No restriction on withdrawals amount
  • Funds Transfer: Funds Transfer facility

Shariah-compliant Investment Options for Meezan Roshan Digital Business Account Holders

Want to Open a Roshan Digital Business Account

Account Opening Process


Apply Now by following the steps given below:

  • Download account opening documents and fill out relevant details.
  • Email signed documents along with supporting documents at [email protected]
  • Once account is activated (subject to completion of all documentation & formalities), you shall receive a confirmation email from the Bank.
  • You may perform transactions through Bank’s prescribed Transactions Request Form.
  • For assistance at any stage of the account opening process, you may schedule an appointment with our representative by emailing us at [email protected]. Kindy make sure to mention your contact number, email address and preferred date/ time.

Kindly ensure availability of the documents so that you can upload these with your account opening application.

Account Opening Documents

Turn Around Time (TAT)

Account will be opened within 48 hours; subject to completion of all documentation and formalities. However, this time period may be extended up to 30 Days for customers incorporated / Registered in jurisdictions where online digital varication is not available.

Turn Around Time (TAT) for processing account shall increase where Bank needs to perform Enhanced Due Diligence (EDD) / obtain any approvals or until rectification of any discrepancy which is identified by the Bank.

How does Meezan Roshan Digital Business Account work?

Meezan Roshan Digital Business Account is offered in both current & savings accounts under the Islamic concept of Qard & Mudarabah.

Profit Sharing Ratio

PKR Savings Account

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

USD Savings Account

Bank will share 75% of Gross Income as Mudarib
Depositor will share 25% of Gross Income as Rab-ul-Maal

GBP Savings Account

Bank will share 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal

EUR Savings Account

Bank will share 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal

Weightages
Weightages for the Month of March 2024
ProductsTier GroupsWeightage Assigned
Meezan Roshan Digital Business Account (PKR)Monthly0.40
Meezan Roshan Digital Business Account (US Dollar)Monthly0.58
Meezan Roshan Digital Business Account (GBP)Monthly0.27
Meezan Roshan Digital Business Account (Euro)Monthly0.27
Consolidated Weightages
Profit Rates
Profit Rates for the Month of February 2024
ProductsTenureProfit Assigned
Meezan Roshan Digital Account (PKR)Monthly11.01%
Meezan Roshan Digital Account (US Dollar)Monthly3.07%
Meezan Roshan Digital Account (Pound)Monthly1.25%
Meezan Roshan Digital Account (Euro)Monthly1.20%
Profit Rates
Historical Profit Rates

Mudarabah Basis

On agreeing to become a Pak Rupee / Foreign Currency 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 Musharakah.

Qard Basis

Current Account (Pak Rupee / Foreign Currency) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.

For your valuable comments, feedback or complaints, you may contact us in the following manner:
Connect via email: [email protected]
Call us 24/7 at: +92 (21) 111-331-331 & +92 (21) 111-331-332

For further information on Roshan Digital Business Accounts from State Bank of Pakistan (SBP) you may visit https://www.sbp.org.pk/RDA/index.html

You may also share your suggestions/ feedback on Roshan Digital Business Account with SBP at [email protected]

In case you are not satisfied with the resolution provided by the Bank regarding your complaint or wish to register a grievance with the State Bank of Pakistan regarding Roshan Digital Business Account,
you may lodge your complaint at https://complaint.sbp.org.pk/or through the App available at Google Play Store