Meezan Bank launches Unique Islamic saving account Meezan Bachat Account

 

Meezan Bank the first and largest Islamic Bank of Pakistan has introduced a unique Islamic saving account Meezan Bachat Account designed exclusively for the middle-income class in Pakistan.
Mr. Ariful Islam, Chief Operating Officer of Meezan Bank announced the launch of Meezan Bachat Account at Meezan Bank’s Head office in Karachi. The new Account would provide high monthly returns with the flexibility to withdraw savings when required.
Mr. Ariful Islam said in response to a question that the new account was introduced at a time when the bank is celebrating 5 years of Riba Free banking in Pakistan. He said that the account was designed keeping in view the customers’ need in focus, since customers are at the focal point of product development efforts at the bank. Mr. Ariful Islam hoped that this account would cater to the needs of the savers of middle-income class of Pakistan who want to earn a healthy return on their hard-earned savings with easy access to funds any time.
Meezan Bachat Account holders can also avail the features such as, instant access to funds at all branches nationwide, free online Banking services at entire branch network nationwide, bank balance certificates & duplicate statements of account, 24/7 Call Center with complete Tele-banking services, 24/7 Internet Banking, free and instant access to account(s) anytime & anywhere, personal financial consultancy services, and dedicated Banking hours from 9am to 5pm. Customers can also enjoy 8am to 8 pm non-stop banking facilities at selected branches of Meezan Bank in Karachi, Lahore and Faisalabad..
The Riba-Free Meezan Bachat Account would work under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah.
On agreeing to become an account holder, the customer would enter 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 customer.

Meezan Bank, being Pakistan’s first and largest Islamic bank has the largest variety of Shariah compliant products and services under one roof. The Bank’s mission is to offer a one-stop shop for innovative value added financial products and services to our customers within the bounds of Islamic Shariah. Meezan Bank is committed to providing its customers dedicated and pure Islamic Banking facilities with the greatest of convenience and personalized service with over 60 real time online branches in all major cities of the country.

 

 

 
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