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Convenient and Riba Free

Meezan Current Account is a Rupee-based current account that provides you the convenience of putting your money in a Riba-free account and accessing it without any restrictions on withdrawal while enjoying a host of professional conveniences from Meezan Bank.

Meezan Current Account can be opened by Individuals, Sole-Proprietorships, Partnerships and Limited Companies.

Freelancers can also open this account, subject to satisfactory proof of income document.

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 for Opening a Rupee Current Account is Rs. 1000/- *
  • No Maximum investment limits
  • No restriction on withdrawals or number of transactions
  • No deductions on low balance

* No initial deposit would be required for opening of accounts for:

  • Mustahkeen of Zakat
  • Students
  • Employees of Government or semi-Government institutions for salary and pension purposes (including widows/children of deceased employees eligible for family pension/benevolent fund grant, etc.)

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 Rupee Account Works

Download Fatwa

Meezan Current Account is based on Qard contract where the Bank is liable to pay your money 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 Rupee 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.

Locate a Branch

Get Contacted

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Fill out the form below and you'll be guided about how you can open your new account.

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