Meezan Teens Club Account is a Mudarabah- based relationship where you will be the Investor (Rab-ul-Maal) and the Bank will be the Manager (Mudarib). Your funds will be utilized by the Bank to provide Islamic financing to customers.
Meezan Bank is a keen Socially Responsible Organization and realizing this responsibility, the Teens Club Account aims to provide a forum to teens where their maturing minds are groomed in a modern yet Islamic way. The Teens Club Account provides a blend of fun learning with special focus on character and value building.
No charges on issuance of chequebook
Free Pay Orders
Open your account with Rs. 1000/- only
Higher Expected Returns
Specially for teens of 12 to 18 years of age
Halal profit every month
Free* Visa** Debit Card in different colors for boys and girls
Free Online Banking service and Internet Banking facility
SMS alerts on your transactions
Exciting gifts on account opening
* FREE for first issuance only Annual fee for subsequent years will be applicable as per SOC
** Paypak Card also available on this account, however charges will be applicable as per SOC
On agreeing to become a Meezan Teens Club 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.
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
| September | Tier Groups | Weightage Assigned |
|---|---|---|
| Meezan Teens Club Account | Monthly | 0.56 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Meezan Teens Club Account | Monthly | 11.50% |
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.
Download FormYou 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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