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The Term Deposit with the comfort of high expected Monthly Returns

Meezan Bank aims to provide best-suited products and services to meet the financial needs for different segments of society. Senior citizens/widows/disabled personnel are an important and priority segment of our society deserving our special attention.

By placing funds in Mudarabah-based Meezan Amdan Certificate (MAC); the senior citizens, widows and disabled persons can now enjoy higher returns on monthly basis for a period of five and a half years and seven years respectively.

Key Features

Investment Periods

Investment Periods

Investment can be made for 5.5 years and 7 years

Profit Payments

Profit Payments

Profit payment is made in the account on monthly basis.

Minimum Investment


Minimum investment is Rs. 50,000/- (Per Applicant)

Maximum investment is Rs. 6 million/- (For 5.5 & 7 Years separately Per Applicant)

Premature Withdrawal

Pre Mature Withdrawal

Pre-mature withdrawal can be made as per approved schedule

*Senior Citizens are considered to be of age 60 years and above.

How the MAC-Senior Citizens Works

Profit Sharing and Distribution Method

The Distributable income of the deposit pool is distributed among the bank (Mudarib) and customers (Rab ul Maal) on the basis of a pre-determined profit sharing ratio and weightages which shall be announced 3 days before beginning of every month and shall not be changed during the month. According to the sprit of Mudarbah, the profit rates are calculated and announced up to seven days of the subsequent month from the monthly income of the trade activities of the pool. Conversely, in case of the loss as per the rule of Mudarbah, the Rab ul Maal shall bear the loss in the ratio of their investment.

Profit Sharing Ratio

Bank will share 50% of Gross Income as Mudarib

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

Weightages for the Month of December 2022
Account Categories Profit Distribution Periods/Tier groups Weightage Assigned
MAC-Senior Citizens 5.5 years Monthly 0.65
MAC-Senior Citizens 7 years Monthly 0.68
Profit Rates for the Month of November 2022
Period Monthly Profit Rates (% per annum)
5.5 years 11.37
7 years 11.89
Profit Rates
Historical Profit Rates

Zakat Clause : In MAC, Zakat is deducted as per the directives of Zakat and Ushr Ordinance, 1980. Therefore, customers are advised to calculate their Zakat as per the guidelines of their respective school of thought (Makatib e fikr).

Fatwa on Deposit Products

Download Fatwa