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Cell # 03007331979
Operation Manager
Cell # 03006300197
Cell # 03040923293
Introduction
Meezan Bank is publically listed company, first incorporated on
January 27, 1997. It started operations as an Islamic investment
bank in August of the same year, which has been licensed by the
State Bank of Pakistan to operate as an Islamic commercial
bank on 31st January 2002. State Bank of Pakistan granted the
nations first full-fleged commercial banking license of Islamic
Banking to Meezan bank ltd. It was a new era in banking sector
history in Pakistan that Meezan Bank ltd adheres strictly to the
principles of Islamic Shariah with absolutely no compromise, and
is recognized as Pakistans truly premier Islamic Bank. Meezan
Bank is opening approximately more than 166 branches in 40
different cities.
In addition the State Bank of Pakistan itself governs
the activities of Meezan Bank and its Shareholders. Meezan bank
ltd has a strong Balance sheet with excellent operating
profitability, including a capital adequacy ratio that has placed the
Bank at the top of industry, a long-term entity rating of A+, and a
short-term entity rating of A1+.
Planning and managing the work efficiency is the key factor of the
Meezan banks Managers.
Key Features
Apart from first class services and personalized attention that
Meezan bank customers get when they bank us. Meezan Bank
offers the following additional conviences to their customers:
Individuals
Sole proprietorships
Partnerships
Limited companies
Key Features
Minimum investment is required to open an account is Rs.
100,000/ There is no deduction of service charges if the balance
maintained is low
Free
Free
Free
Free
Free
Free
Free
Free
Free
cheque books
pay orders
VISA Debit Card
account statements
online Banking
internet Banking
hold mail facility
SMS Alert services
intercity clearing
1) Individual Accounts
2) Joint Accounts
3) Minor Account
4) Sole proprietorship Accounts
5) Illiterate Customer Account
6) Partnership Account
7) Limited Liability Companies Accounts
8) Associations, Committee, Societies or club Accounts
9) Non-Resident Rupees Accounts
10)
Trust Accounts (with prior permission from HOP)
11)
Executors,
Administrators
Accounts
(with
permission from HOP)
12)
Local Bodies Accounts
13)
Special convertible Rupees Account (SCRA)
14)
Staff Accounts
prior
Individual Accounts
Accounts of individual, who are resident or nonresident, are to be opened under this category.
Joint Accounts
There are two types of limited companies i.e. Public Limited and
Private Limited. The public and Private Limited companies are
both incorporated and governed under the provisions of
companys ordinance 1984.
A limited liability company may be open an account with the Bank
only if it is authorized to do so by a resolution of the Board of
Directors of the company.
Furthermore, such resolution must specify the titles / designation
of the officials authorized to open and operate the account, the
extent of their authority and the manner in which the account will
be operated.
Association, Committee, Societies or Club Accounts etc
Association, Committee, Societies or Club may open an account
with the bank only if authorized to do so by the governing Body of
the said Association / committee / Society or Club.
Account of the Association, Committee, Societies or Club should
not be allowed to be overdrawn. No cheque drawn on the
accounts of the Association, Committee, Societies or Club shall be
collected for the credit of personal / private accounts of any of the
Office-Bearers of Association, Committee, and Societies or Club.
Non-Residential Rupees Accounts
Accounts of individuals, Firms or Companies who are resident in
countries outside of Pakistan and all nationals of Pakistan and
persons domiciled in Pakistan, who visit abroad for the purpose of
employment, study and business etc., are treated as Nonresidents as long as they remain outside Pakistan. Accounts of all
foreign nationals who are resident in Pakistan may be treated as
Resident Accounts.
Trust Accounts
A trust Account may be opened exceptionally with the prior
approval of Head of Operations. Trust Accounts may only be open
for parties whose integrity and standing is beyond any doubt.
Before sending the HO (Head Office) BM (Branch Manager) and
Mo (Manager Operation) will go through the Trust Deed to
ensure that no undue onus is placed on the Bank.
Executors and Administrators Accounts
Executors and Administrators Accounts shall be opened with the
prior permission from the HO. Moreover, whenever application for
the opening of Executors and Administrators Account is received,
the matter should be referred to the Regional Manager who will
forward the full detail of the matter to HO for guidance and
permission to open such account. No Executor and Administrator
will be allowed to transfer the fund from the account to their
personal accounts.
Local Bodies Accounts
City Governments, Municipalities, District Boards, Development
Bodies etc are included in Local bodies. Functions and powers of
these Local Bodies are governed by the relevant Local Acts and
Rules / Byelaws made in accordance with such Act. These Local
Bodies are regarded as desirable Customers because they have
substantial amount of funds at their disposal. However,
operations on these accounts must be conducted strictly in
accordance with the statutory rules and regulations.
Special Convertible Rupees Account (SCRA)
As per the Foreign Exchange Manual Chapter 20, SCRA can be
open by Nonresidents for the purpose to trade in the shares
quoted on the Stock Exchanges in Pakistan. Such accounts can be
fed by remittances from abroad or by transfer from a foreign
2. Proprietorship Account
Copy of CNIC
Proof of proprietorship (NTN Certificate)
3. Account Opening Request & Proprietorship letter on Firms
Letter Head
Any Utility Bill (for Address Verification)
3. Minor Account
Copy of CNIC of Guardian
Copy of Birth Certificate
CNIC copy of Guardian
4. Partnership Accounts
5. Limited Company:
Musharakah
Musharakah is the type of Partnership in which both the partners
invest equally, and share their profit & losses equally.
Mudarabah
In Mudarabah one party invest (Rab-ul-Mal) and other party
work (Mudarib)
Profit is shared as per agreed ratio
In case of Mudarabah all losses are borne by Rab-ul- Mal