Meezan Islamic bank pakistan

2. MEEZAN BANK
ISLAMIC MODE OF FINANCE
PRESENTATION ON
PRESTENTED BY
MUHAMMAD MUNEEB 805
SHAHBAZ KHAN 831
AQSA MAQBOOL 822
ABDULLAH BAIG 813

4. INTRODUCTION
Meezan bank is publically listed company, first incorporated on January
27th, 1997. It started operations as an Islamic investment bank of the same
year , which has been licensed by the “State Bank Of Pakistan” to operate
as an Islamic commercial bank on 31st January 2002. State Bank Of
Pakistan granted the Nations first full-fleged commercial banking license
of Islamic Banking to Meezan Bank Ltd. It was the new era in banking
Sector history in Pakistan that Meezan Bank Ltd adheres strictly to the
principle of Islamic shariah with absolutely no compromise and is
recognized as Pakistan’s truly premier Islamic bank. Meezan Bank is
operating approximately more than 550 branches in 125 different cities.

5. VISION & MISSION
The Vision Is:
“Establish Islamic banking as banking of first
choice”
The Mission Is:
“To Be A Premier Islamic Bank”

6. Mode Of Financing
 MUSHARKAH
 DIMINISHING OF MUSHARKAH
 MUDARABAH
 MURABAHA
 SALAM
 ISTISNA
 IJARA
 MUSAWAMAH

9. DEPOSITS ACCOUTS
&
TERMS CERTIFICATE

10.  MEEZAN RUPEE CURRENT ACCOUNT
 MEEZAN RUPEE SAVING ACCOUNT
 LABBAIK SAVING AASAAN
 MEEZAN BACHAT ACCOUNT
 MEEZAN BUSINESS PLUS ACCOUNT
 DOLLAR SAVING ACCOUNT
 LABBAIK SAVING ACCOUNT
 KAROBARI MUNAFA ACCOUNT
 MEEZAN KIDS CLUB ACCOUNT
 MEEZAN TEEN CLUB ACCOUNT
 MEEZAN KAFALAH ACCOUNT

11.  Meezan Current Account Can Be Opened By Individuals,
Sole-proprietorships, Partnerships And Limited Companies.
Provides concenience of conducting day to day transactons.
 This account is type of QARZ.
 Minimum investment required to open an account is Rs.
1000/-
 No restriction on withdrawals or number of transactions
 No deduction on low balance maintained

12.  PLR 5.00%
 MUDARABAH is used.
 Minimum deposit is Rs.100/-
 Profit will be calculated on daily product basis and paid on
monthly basis.
 No restriction on withdrawals or number of transactions
 Free Online Banking services at our branch network
nationwide and free cheque book.

13. LABBAIK SAVING ASAAN
is an ideal deposit product,if you are an individual saver and wish to save for
your spouse,children,parents etc and for HAJ and UMRAH purpose as well.
 PLR OF 8.48%.
 MUDARABAH is used.
 Minimum deposit is Rs1000/-
 Labbaik Saving Plan is available for six (06) months to twenty (20) years
 Labbaik Saving Account is a non-chequing account, and no visa debit card
issued account
 No pre-mature withdrawal schedule will be applied

14.  Minimum investment required to open an account is Rs. 100,000/-
 PLR 0.07%.
 MUDAARABAH is used.
 There is no restriction on withdrawals or numbers of transactions
 no deduction of service charges if the balance maintained is low
 instant access to your account both through Internet Banking and
through Online Banking
 Free Hold Mail Facility/Free SMS Alert services

15. IF AN AVERAGE MONTHLY BALANCE OF RS. 100,000/-IS
MAINTAINED IN THE ACCOUNT
 Free Cheque books
 MUDARABAH is used.
 Free Pay Orders
 Free VISA Debit Card
 Free sms alerts
 Free Online Banking
 Free Internet Banking

16. Excellent business tool for both individuals and corporate clients for
meeting their business needs.
 PLR 1.07%.
 MUDARABAH is used.
 Minimum investment required to open an account is $100
 No deduction of service charges if the balance maintained is low
 You will have instant access to your account through free Internet
Banking
 Profit will be calculated on daily product basis,
 Profit will be paid a on monthly basis

17. LABBAIK SAVING ACCONT
 Minimum deposit is Rs. 1,000/-
 MUDARABAH is used.
 Available for six (06) months to twenty (20) years.
 Customers can deposit additional amounts in order to complete the
deposit amount.
 Customers may redeem 50% of the contribution as per defined
procedure, one-time in the entire deposit tenure.
 No pre-mature withdrawal schedule will be applied.
 LSA is a non-chequing account, where no cheque book or VISA
Debit Card will be issued.

18. KAROBARI MUNAFA ACCOUNT
 Minimum investment required to open an account is Rs.
10,00,000/-
 MUDARABAH is used.
 Profit will be calculated on daily product basis and will be paid on
monthly basis
 PLR 5-8% [ varies with the amount deposited]
 No restriction on withdrawals or number of transactions
 Free Cheque books & Pay-orders

19. KIDS CLUB ACCOUNT
 Mudarabah is used in this account.
 MUDARABAH & QARZ.
 Minimum investment is Rs 500/-
 Maximum age limit is 12 years.
 Exciting gifts on account opening.
 Halal profit every month.
 Free Cheque Book & Debit card
 Takaful cover of guardian for one year on opening & maintaining the account
with Rs.10,000/
 Upgrade to a Meezan Teens Club Account after your 12th birthday.

20. TEENS CLUB ACCOUNT
 Mudarabah- based relationship where you will be the Investor
(Rab-ul-Maal) and the Bank will be the Manager (Mudarib).
 MUDARABH & QARZ.
 Minimum Investment is Rs. 1000/- only.
 Age must be between 12 to 18 years.
 Halal profit every month.
 Free personalized Cheque Book & Debit card.
 Takaful cover of guardian for one year on opening & maintaining
the account with Rs.10,000/

21. KAFALAH ACCOUNT
 Profit calculates of the deposit pool every month.
 Gross income of the deposit pool is shared between the Bank (Mudarib) and
customers (Rab-ul-Maal) on the basis of a predetermined profit sharing ratio
announced at the beginning of the month.
 100% cash value from day one alongwith daily profit.*
 Flexible exit option. MUDARABAH is used.
 Instant availability of funds.
 In case the individual covered suffers from accidental death the Takaful
coverage amount of the Kafalah shall be double the coverage amount.
 Incase the customer's death is due to an accident then 100% of life Takaful
cover will be paid additionally as Accidentally Death Benefits (ADB).

22.  MONTHLY MUDARABAH CERTIFICATE
 DOLLOR MUDARABAH CERTIFICATE
 CERTIFICATE OF ISLAMIC INVESTMENT
 MEEZAN AMDAN CERTIFICATE

23. The riba-free monthly MUDARABAH certificate (mmc) is a short-
term deposit product.
 Minimum investment required is Rs. 100,000/-
 PLR 6.51%
 Investment period is one month with re-investment option
available on a continuous basis
 Monthly profit payment will be made to your meezan bank
account
 Pre-mature withdrawal can be made

24. Meezan Bank for periods ranging from 3 months to 3 years and earn
six-monthly or at maturity profit payments on your investment.
 Minimum Investment required is USD 10,000/-
 PLR 1.83-2.45%.
 Investment tenures are 3 months, 6 months, 1 year and 3 years
 Profit payment will be made either at maturity or on a six-monthly
basis to your Meezan Bank Dollar Saving Account
 Pre-mature withdrawal options available

25. The certificates of islamic investment is an ideal investment for
individuals, sole proprietorships, partnerships and limited companies
Minimum investment for quarterly and on-maturity payment is Rs.
50,000/. MUDARABAH is used.
Minimum investment for monthly profit payment is Rs. 200,000/
Investment can be made for 3 months, 6 months, 1 year, 2 years, 3
years and 5 years
Profit payment options are monthly, quarterly or at maturity
PLR 6.91-9.73%

26. AMDAN CERTIFICATE
Investment required is Rs. 100,000/
Minimum in Meezan amdan certificate is long-term
deposit product that offers a high expected return to
investors. MUDARABAH is used
Minimum vestment for widows and senior citizens
is Rs. 50,000/-
Investment can be made for 5 1/2 years and 7
years
PLR .10.72% to 12.10%
Profit payment is made to your meezan bank
account on a monthly basis
Pre mature withdrawl can be made

27. SERVICES OF MEEZAN BANK

28.  MEEZAN LABBAIK TRAVEL AASAAN
 ONLINE BANKING
 8 TO 8 BANKING
 LADIES BANKING
 MEEZAN ROSHNI
 WESTERN UNION
 CONSUMER FINANCE
 INTERNET BANKING
 VISA DEBIT CARD

29. LABBAIK TRAVEL ASAAN
 Labbaik travel aasaan is a completely halal & riba free travel
solution
 Ideal for you & your family .
 Perform umrah with the comfort and convenience.
 Confirmed return airline tickets
 Select umrah package of your selected travel agent and perform your
religious rituals with peace of mind.
 No withdrawls.

30. Facilitates all customers to access their account and conduct
banking transactions from any of Meezan bank's branches
nationwide.
 Real-time cash withdrawal up to Rs. 5 million.
 Transfer of funds between your Meezan Bank accounts.
 Deposit and collection of clearing Cheques drawn within the
same city.
 Issuance of Pay-order from any Meezan Bank branch.
 Free , reliable , continuous and real time online banking
through out the country.

31.  Meezan bank is proud to be the first bank in pakistan to
introduce the concept of eight-to-eight banking.
 From 8am till 5pm we offer the full range of our banking
services while from 5pm till 8pm our customers are able
to avail several commonly-used banking facilities at the
branch (value next day).

32.  Acceptance of cash
 Acceptance of cheques for collection and clearing
 Acceptance of transfer instructions
 Acceptance of cheque book, pay order and demand draft
requests.
 Accepting atm, telephone banking and internet banking
requests
 presently being offered at selected branches
 Karachi—(Clifton branch)
 Islamabad—(F-7 jinnah super branch F-10 markaz branch)

33. Meezan bank is the first bank in the country to introduce 'ladies banking. This new
service provides an exclusive banking area as per the set shariah principles for our
female customers in a comfortable environment.
 Special Baking Services: Dedicated Customer Services Officer in our ladies only
banking area who provide consultancy for all Halal banking needs.
 Consumer Financing: Car Ijarah and Easy Home
 Retail Banking: Current & Savings Accounts, Foreign Currency Accounts, Term
Deposits
 24/7 Banking Services: Presently being offered at our Barkat-e-Hyderi branch
in Karachi.

34. MEEZAN ROSHNI
 Pakistani, Adult, Permanent resident.
 MUSAWAMAH is used.
 20 - 65 years old (Businessmen & SEP) at maturity
20 – 60 years old (Salaried) at maturity
 Salaried Class : Rs 25,000
SEP : Rs 40,000
Businessmen : Rs 40,000
 Debt Burden Ratio: 35% for net monthly income /- (For
Salaried, SEP and Businessmen
 Processing Fee: Rs 1,000
 Payment Mode: Direct debit instruction (DDI)

35.  You can now transfer money conveniently and in real-
time to pakistan within minutes via the western union
 Money transfer service available at all meezan bank
branches in pakistan
 No charges to paid by the beneficiary
 Instant remittance of up to rs. 500,000 in cash without the
need of a bank account

36. CONSUMER FINANCE
 CAR IJARAH
 BIKE IJARAH
 EASY HOME
 LAPTOP EASE

37. CAR IJARAH
Car ijarah is Pakistan’s first interest free car financing based on the
Islamic financing mode of ijarah (Islamic leasing).This product is
ideal for individuals looking for car financing while avoiding an
interest-based transaction.
 Low monthly rental.
 Rental paid after delivery, not in advance
 Fastest processing and delivery
 Tracker option available
 Minimum security deposit as low as 10%
 All new, used, local, imported and luxury vehicles can be
financed

38. BIKE IJARAH
 Ijarah.
 The motorbike will be registered and insured in favor of Meezan
Bank before its physical possession is given to the customer
 All Suzuki Motorcycle variants
 The scheme is available for 1, 2 & 3 years
 Security Deposit : Minimum 10% of cost of the vehicle and
Maximum 50% of cost of the vehicle

39. BIKE IJARA
 Karachi, Hyderabad, Multan, Lahore, Faisalabad, Rawalpindi
& Islamabad
 Processing Charges : Rs. 1,000 + FED charges.
 Registration Charges : At actual and recovered in monthly
rentals.
 Mode of Payment :Through post dated cheques.
Direct debit instructions of Meezan Bank account.
Direct deduction from salary by employer (only in corporate
cases)
 Takaful : Takaful premium will be paid by the bank and will
be recovered through Ijarah rentals from the customer
 Maturity of Ijarah : At the end of lease period, the vehicle
will be gifted

40.  Pakistani national (Resident or Non Resident) as per policy
 DIMINISHING MUSHARAKAH.
 Primary applicant: Minimum 25 years & maximum 65* years at financing
maturity
 Co-applicant: Minimum 21 years & Maximum 70* years at financing maturity
 Minimum Gross Income of PKR 40,000 per month.
 100% Co-applicant income may be clubbed in case of spouse only.
 Minimum Gross Income of PKR 75,000 per month.
 Permanent job with a minimum 2 years continuous work history in the same
industry / field.
 Minimum 3 years in current business / industry.

41. LAPTOP EASE
 Monthly installment as low as Rs .2,514/
 MUSAWAMAH.
 Easy installment options for financing period for 3 to 24 months.
 2 years warranty with parts provided by vendor.
 Free carrying case will be provided by vendor.
 Absolutely free takaful coverage.
 Complete surety that purchased laptop is a genuine brand
 Laptop model offerings will vary from time to time.

43. Meezan internet banking is the smarter way to bank ,
providing you global access to your account 24 hours a
day, 7 days a week.
 Balance inquiry of multiple accounts
 View account statement
 Real time cheque status and stop payment request
 Cheque book and pay-order request
 Account activity alerts

44.  Visa debit card(your money any time every where)
the money is deducted from your balance straight away — there is
no interest to pay, no bills & no late fees!
 Each withdrawal taken directly from your meezan bank linked
account.
 A safe and convenient alternative to carrying cash.
 All shopping transactions on your card are signature based.
Simply swipe and sign!

45. You can use your meezan visa debit card for all your
purchases and to withdraw cash at atms, just as you do at
home wherever you see the visa symbol.
 Convenient - no need to buy foreign currency or travelers'
cheques in advance.
 Safe - no need to take large amounts of cash with you.
 Accepted all over the world - pay for hotels, sightseeing,
shopping and dining out.
 Use your own money at more than 30 million outlets and
160 countries worldwide.

46.  SILVER DEBIT CARD
 Upto 20 TO 50 thousands U can withdraw.
 GOLDEN DEBIT CARD
 Upto 40 to 100,000 thousands u can withdraw

47. Sign up for the meezan sms alert service, you will receive an
instant sms alert from meezan bank
On your mobile phone whenever any of the following
transactions occur on your current or savings account.
 Alert type
 Debit alert
 Credit alert:
 Cheque bounce

48.  Quick pay.Allows you to pay your Utility and Mobile Phone
Bills anytime,
 This service is available 24hours, 7days a week via
free InterneTBanking facility and via ATM Network
 Call center.With our call centre facility, you no longer have to
take time out to visit your branch for your everyday banking
needs

49. CONCLUSION
The products which are offered by
meezan bank for the convinence of its
customers, are favoured and that’s the
main reason that meezan bank is the
fastest growing Islamic bank in
Pakistan, with establishment of 270 plus
branches in all over Pakistan in just 10
years.