Meezan Bank is a keen Socially Responsible Organization and realizing this responsibility, the Teens Club Account aims to provide a forum to teens where their maturing minds are groomed in a modern yet Islamic way. The Teens Club Account provides a blend of fun learning with special focus on character and value building.
Open your account with Rs. 1000/- only
Specially for teens of 12 to 18 years of age
Exciting gifts on account opening
Halal profit every month
Free personalized “Teens Club Certificate”
Personalized Cheque Book
Free first Visa Debit Card in different colors for boys and girls
Free Online Banking service and Internet Banking facility
SMS alerts on your transactions
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.
On agreeing to become a Meezan Teens Club 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 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
|Account Categories||Profit Distribution Period||Tier Groups||Weightage Assigned|
|Meezan Teens Club Account||Monthly||-||0.57|
|Daily Product Basis (PKR)||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
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