Meezan Roshan Resident Account

Specifically designed to facilitate Resident Pakistanis

Meezan Roshan Resident Account has been specifically designed to facilitate Resident Pakistanis who have declared assets held abroad, as per wealth statement declared in the latest tax returns with Federal Board of Revenue (FBR).

It enables Resident Pakistanis to invest in the Shariah-compliant Foreign Currency (FCY) denominated scheme of Islamic Naya Pakistan Certificates (INPCs) and Meezan Bank's FCY Term Deposit products. Cash withdrawal in foreign currency and equivalent local currency can also be made through this account.

Terms & Conditions

• Account can ONLY be opened by visiting Meezan Bank branches that are authorized to open Foreign Currency Accounts (list of branches attached)
• Meezan Roshan Resident Account can be opened in USD, GBP & EUR currencies only.
• Both Savings & Current accounts can be opened.
• Normal account opening procedure will be followed.
• No local deposits are allowed except profit/proceeds from investments as permitted by State Bank of Pakistan.
• In addition to standard documentation required for Know Your Customer/Customer Due Deligence (KYC/CDD), customer will provide copy of latest tax returns including wealth statement filed with Federal Board of Revenue (FBR). The declared/disclosed assets held abroad must be reflected in latest wealth statement. Previous year wealth statements will not be accepted.
• Account can be fed upto the maximum amount of assets declared with FBR in latest wealth statement.
• Repatriation i.e. remittances and payments outside Pakistan can be made to the extent of balances available in the account, without any prior approval.