Meezan Digital Freelancer Account is being offered to Resident individual Pakistanis, who are engaged in provision of any digital/online services, including IT and IT related services. The account can be opened digitally without physically visiting the branch, and completely fulfils the banking needs of freelancers, enabling them to easily receive their work-related local and international payments directly into their accounts.
NOTE: This account is offered only to New to Bank customers. Only one Digital Freelancer Account will be offered per customer.
Freelancer account in PKR is connected to FCY retention account* where you can retain your exports’ earning in USD to make foreign business payments in future.
*(This is an Exporters’ Special Foreign Currency Retention Account (ESFCA), which is linked to your existing Meezan Freelancer Digital Account (PKR) at Meezan. Export’s proceeds will be credited into the special foreign currency account for FCY retention as per provided percentage. The funds available in the ESFCA can be converted into PKR at any time upon the request of the customer.
Meezan Digital Freelancer Account is offered in both current & savings accounts under the Islamic concept of Qard & Mudarabah.
PKR Savings Account
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
| Products | Tier Groups | Weightage Assigned |
|---|---|---|
| Meezan Digi Freelancer Account - PKR | Monthly | 0.65 |
| Meezan Digi Freelancer Account - USD | Monthly | 0.58 |
| Meezan Digi Freelancer Account - GBP | Monthly | 0.27 |
| Meezan Digi Freelancer Account - EUR | Monthly | 0.27 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Meezan Digi Remittance Account | Monthly | 13.09% |
On agreeing to become a Pak Rupee 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 Musharakah.
Current Account (Pak Rupee) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.
