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Meezan Women First Account

Banking For Women - The Right Way!

To facilitate women through access to financial services and products, Meezan Bank is pleased to offer Meezan Women First Account - a dedicated bank account exclusively offered to Resident Pakistani women. Designed to completely fulfil the banking needs of women, Meezan Women First Account enables fast and convenient day-to-day transactions directly from the account and comes with a customized vertical debit card, chequebook, free/discounted banking services and lucrative discounts on exclusively curated brands and products.

Meezan Women First Account is offered in savings category and can be opened in both PKR or foreign currencies (USD/GBP & EURO).

Key Features & Benefits

  • Customized Vertical Debit Card* - 1st issuance of debit card on discounted pricing.
  • Mudarabah-based Savings Account - A savings account with higher expected returns
  • Free Chequebook - No charges on issuance of chequebook
  • Free Pay Orders - Free issuance of pay orders
  • Free internet and mobile banking services - Avail free internet and mobile banking services
  • Free e-statement facility - Receive e-statement of all banking transactions on your registered email address
  • Minimum Investment - Minimum investment required for account opening is 100 PKR/USD/GBP/EURO
  • Online Branch Banking - Avail online branch banking facilities all across Pakistan
  • Monthly Profit Payment - Profit payment made in account on a monthly basis
  • Withdrawals - No restriction on withdrawals or number of transactions
  • Minimum Balance - No minimum balance requirement
  • No Deductions - No deduction of service charges if the balance maintained is low
  • Discount on Locker Fee - Fifty percent discount on first year locker fee (subject to availability)
  • No Processing Fee - Fully waived off processing charges of Housing Finance, Car & Bike Ijarah cases
  • Waiver of Early Termination Profit - Fully waived off early termination profit on Car Ijarah cases
    For Easy Home, fifty percent discount on profit due to early termination/early unit purchase (Musharakah buyout)
  • Discounted Monthly Payments/Rentals - Exclusive discounted profit rates on consumer financing
  • Attractive Saving Plans - Special high yielding savings/investment planning options

*Charges will be applicable as per the Bank’s Schedule of Charges (SOC), however, first year special pricing is applicable on Meezan Women First Visa Debit Card only.


Meezan Women First Debit Card

Customized Vertical Debit Card

Access your account anytime, anywhere conveniently with your Meezan Women First Debit Card! Your Meezan Women First Debit Card offers you unparalleled convenience. Unlock a suite of exclusive discounts, benefits and privileges designed specifically to complement your preferences.

Learn More

How Does Meezan Women First Account Work?

Download Fatwa

On agreeing to become a Meezan Women First 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.

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

Weightages
Weightages for the Month of April 2024
ProductsTier GroupsWeightage Assigned
Meezan Women First Account (PKR)Monthly0.59
Meezan Women First Account (USD)Monthly0.58
Meezan Women First Account (GBP)Monthly0.27
Meezan Women First Account (Euro)Monthly0.27
Consolidated Weightages
Profit Rates
Profit Rates for the Month of March 2024
ProductsTenureProfit Assigned
Meezan Women First Account PKRMonthly16.24%
Meezan Women First Account USDMonthly2.11%
Meezan Women First Account GBPMonthly1.25%
Meezan Women First Account EURMonthly1.20%
Profit Rates
Historical Profit Rates

Want to Open a Meezan Women First Account

Download, Print, Fill Form

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.

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Visit a Branch

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.

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Get Contacted

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