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For Customers with Limited Proof of Source of Income

The Riba-free Meezan Asaan Current Account is another addition to the offerings of Meezan bank. Meezan Asaan Account opens the doors of banking products and services to those customers who have limited proof of source of income. The account can be opened with just Rs. 100/- and a valid CNIC/ SNIC / Passport / National Identity Card for Overseas Pakistanis (NICOP) / Pakistan Origin Card (POC) / Alien Registration Card (ARC) issued by National Aliens Registration Authority (NARA) / Pension Book.

(Meezan Asaan Current Account is meant for resident individuals having Pakistani nationality only)

Key Features


  • No charges on Debit Card issuance: Customer can select any one card from VISA Classic, VISA Gold, Mastercard Classic, or PayPak Card (One free primary card per account)
  • No charges on SMS Alerts subscription (1st time only)
  • No charges on Cheque Book issuance
  • Free Payorders, Free Online Banking, Free Internet Banking, Free E-Statements Facility, Free Digital Transaction Alert Facility (These services are also free on Meezan Bank Savings accounts).
  • Minimum investment required to open an account is Rs. 100/-
  • Maximum credit balance limit is Rs. 1,000,000/-
  • Monthly debit limit of Rs. 1,000,000/-

Disclaimer:

  • Debit Card annual charges, replacement charges, Supplementary card charges will be as per prevailing Schedule of Charges
  • After 1st time free SMS subscription, subsequent charges will be as per prevailing Schedule of Charges

Why Are These Services* Not Charged?

*(Debit Card, Sms Alerts & Cheque Book)

Current Accounts operate on the principle of Qarz, with customers acting as lenders to the Bank.

The above-mentioned services assist our customers in withdrawal of funds, essentially aiding the Bank in repaying its Qarz obligations, so they can be offered with or without any charges.

Note: For further clarification, please refer to clause 10/1/3 of AAOIFI Shari’ah Standard No. 19 on Loan (Qard), adopted by SBP via IBD Circular No. 01 of 2020.

How the Meezan Asaan Current Account Works

Download Fatwa

Meezan Asaan Current Account is based on Qard contract where the Bank is liable to pay the deposited funds back on demand. 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.

Want to Open a Asaan Current Account?

Download, Print, Fill Form

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 Form

Visit a Branch

You 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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