Are you still not 12 years old? Then Meezan Bank has something very special for you; a chance of having your own Mudarabah-based Meezan Kids Club Account. You can now put all your pocket money, Eidi and all your other cash in this account, where it will be safe and invested in line with Islamic principles.When you get this account opened, you will get to learn a lot more about managing your savings. We will also make sure you have fun while learning to save the right way.
Issuance of chequebook in accordance with the Schedule of Charges (SOCs)
Free Pay Orders
Open your account with Rs 500/- only
Higher Expected Returns
Specifically for kids under the age of 12 years
Exciting gifts*** on account opening
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
Upgrade to a Meezan Teens Club Account after your 12th birthday
* 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
*** Gifts on account opening are subject to availability. Meezan Bank doesn't have any binding obligation to provide the gifts in case of unavailability.
On agreeing to become a Meezan Kids 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
| Products | Tier Groups | Weightage Assigned |
|---|---|---|
| Meezan Kids Club Account | Monthly | 0.45 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Meezan Kids Club Account | Monthly | 7.00% |
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.
Locate a BranchFill out the form below to be contacted by a Meezan Bank representative.
Get ContactedFill out the form below and you'll be guided about how you can open your new account.
