MEEZAN BANK

ISLAMIC MODE OF FINANCEPRESENTATIO

N ON

PRESTENTED BY

MUHAMMAD MUNEEB 805SHAHBAZ KHAN 831AQSA MAQBOOL 822ABDULLAH BAIG 813

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.

VISION & MISSION

The Vision Is: “Establish Islamic banking as banking of

first choice”

The Mission Is: “To Be A Premier Islamic Bank”

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

DEPOSITS ACCOUTS & TERMS CERTIFICATE

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

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

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.

LABBAIK SAVING ASAANis 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

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

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

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

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.

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

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.

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/

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).

MONTHLY MUDARABAH CERTIFICATE DOLLOR MUDARABAH CERTIFICATE CERTIFICATE OF ISLAMIC

INVESTMENT MEEZAN AMDAN CERTIFICATE

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

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

The certificates of islamic investment is an ideal investment for individuals, sole proprietorships, partnerships and limited companiesMinimum 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 yearsProfit payment options are monthly, quarterly or at maturityPLR 6.91-9.73%

AMDAN CERTIFICATEInvestment 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 usedMinimum vestment for widows and senior citizens is Rs. 50,000/-Investment can be made for 5 1/2 years and 7 yearsPLR .10.72% to 12.10%Profit payment is made to your meezan bank account on a monthly basisPre mature withdrawl can be made

SERVICES OF MEEZAN BANK

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

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.

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.

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).

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) 

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.

MEEZAN ROSHNI Pakistani, Adult, Permanent resident. MUSAWAMAH is used. 20 - 65 years old (Businessmen & SEP) at

maturity20 – 60 years old (Salaried) at maturity

Salaried Class : Rs 25,000SEP : Rs 40,000Businessmen : 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)

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

CONSUMER FINANCE CAR IJARAH BIKE IJARAH EASY HOME LAPTOP EASE

CAR IJARAHCar 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

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

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

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.

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.

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

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!

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.

SILVER DEBIT CARD Upto 20 TO 50 thousands U can withdraw.

GOLDEN DEBIT CARD Upto 40 to 100,000 thousands u can withdraw

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

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

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.