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Open Smart Wallet in no time and earn halal profit on your savings!

Smart Wallet is a digital wallet that enables banked and unbanked population of the country to open accounts without the hassle of paperwork. Open Smart Wallet through simple biometric verification and enhance your savings by earning Halal monthly returns on savings, with the flexibility to use the money at any time.

Requirements for Using Meezan Smart Wallet - Savings

Key Features

Account Opening

Instant account opening

Instant account opening


ATM access

Nationwide ATM access through PayPak Debit card (If applied for)


Biometric scanning

Cash withdrawal from any Meezan branch after biometric verification



No requirement of minimum deposit

Online Banking

Internet and Online Banking

Free internet and mobile banking services



Profit will be paid on monthly basis and calculated on daily basis

Terms & Conditions

How Smart Wallet - Savings Works?

On agreeing to become a Smart Wallet 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 for Shariah compliant investment or to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharkah

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 February 2023
Account Categories Profit Distribution Period Tier Groups Weightage Assigned
Smart Wallet Savings Monthly - 0.64
Consolidated Weightages
Profit Rates for the Month of December 2022
Daily Product Basis (PKR) Profit Rates (% per annum)
Smart Wallet Savings 11.55
Profit Rates
Historical Profit Rates

Want to Open a Smart Wallet - Savings

Visit a Branch

You may visit any branch of Meezan Bank and our staff will assist you in opening your account.

Locate a Branch