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Sep 2023 Profit Rates Overview

The document provides profit rates for various savings accounts and certificates offered by Meezan Bank for the month of September 2023. Profit rates range from 0.28% to 18.15% for different account types and tiers. The document also lists profit rates for various Mudarabah certificates with maturities ranging from 3 months to 5 years.

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Zunaira Safdar
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0% found this document useful (0 votes)
92 views1 page

Sep 2023 Profit Rates Overview

The document provides profit rates for various savings accounts and certificates offered by Meezan Bank for the month of September 2023. Profit rates range from 0.28% to 18.15% for different account types and tiers. The document also lists profit rates for various Mudarabah certificates with maturities ranging from 3 months to 5 years.

Uploaded by

Zunaira Safdar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Profit Rates for the month ended Sep 30, 2023

Updated on Rabi' Al-Awwal 15, 1445 | Monday, October 2, 2023

Profit Distribution Periods / Tier


PRODUCTS Profit Distribution Periods / Tier Groups Sep-23 PRODUCTS Sep-23
Groups

SA Rupee Saving Account (SA) Monthly 11.00% MMCT50 Monthly Mudarbah Certificate (MMC) 50K & Above 11.55%

MBA500K Re.1 - 499.99 K 14.03% COII3M50 COII 3 Months (Maturity) 50K & Above 11.83%
Meezan Bachat Account (MBA)
MBAABV500K 500 K & Above 11.55% COII6M50 COII 6 Months (Maturity) 50K & Above 12.10%
COII12MO50COII 1 Year (Monthly) 50K & Above 17.05%
MKCA Meezan Kids Club Account Monthly 15.95% COII12M50 COII 1 Year (Maturity) 50K & Above 18.15%
MTCA Meezan Teens Club Account Monthly 15.95%
COIISN COII 1 Year - Senior (Monthly) 50K & Above 18.98%
MAASA Meezan Asaan Saving Account Monthly 18.15% COIISNM COII 1 Year - Senior (Maturity) 50K & Above 20.08%
LSA Labbaik Saving Aasaan Monthly 18.15%
COI1.5YM COII 1.5 Years (Monthly) 50K & Above 16.50%
MCSA Meezan Senior Citizen Account Monthly 15.95%
MWFAP Meezan Women First Account Monthly 15.95% COI12MQTR1M 50K - 0.99M -
COI12MQTR10M 1M- 9.99M -
MKM Meezan Kafalah Monthly 14.58% COII 1 Year* (Quarterly)
COI12MQTR50M 10M - 49.99M -
MKAM Meezan Kafalah - Multiplier Monthly 15.13% (Discontinued)
COI12MQTR100M 50M - 99.99M -
COI12MQTR500M 100M - 499.99 -
MPP Meezan Payroll Partner (MPP) Monthly 0.28% COI12MQTR1B 500M - 999.99M -
COI12MQTRABV1B 1B & Above -
MRPAP Meezan Roshan Digital Account (PKR) Monthly 11.00%
MEX Meezan Express Saving Account (MEX) Monthly 15.13% COI2YM COII 2 Years* Monthly 15.40%
COI2YQ Quarterly -
(Discontinued)
MBP Meezan Business Plus Monthly 0.28% COI2YMM Maturity 15.40%
MG Margin Account Monthly 0.28%
COI3YM COII 3 Years* Monthly 15.40%
KMAT1 Re.1 - 499.99 M 11.00% COI3YQ Quarterly 15.40%
(Discontinued)
KMA1B Karobari Munafa Account (KMA) 500 M - 999.99 M 11.28% COI3YMM Maturity 15.40%
KMA2B 1 B - 4.99 B 11.83%
KMAABV5B 5B & Above 11.83% COI5YM COII 5 Years* Monthly 15.40%
COI5YQ Quarterly 15.40%
(Discontinued)
KMAC500M Re.1 - 499.99 M 11.00% COI5YMM Maturity 15.40%
KMAC1B 500 M - 999.99 M 11.28%
Karobari Munafa Account CLUBBED (KMA CLUBBED)
KMACT1000 1 B - 4.99 B 11.83% MAC5M 5.5 Yrs 15.40%
KMACABV5B 5 B & Above - MAC5MS Meezan Aamdan Certificate (MAC) 5.5 Yrs - Senior 16.78%
MAC7M 7 Yrs 15.68%
MIDA200M Meezan Islamic Institutions Deposit Account Re.1 - 499.99 M 11.00% MAC7MS 7 Yrs - Senior 17.33%
MIDA1B (MIIDA) 500 M & Above -
MBLAT1 Meezan Bank Limited Additional Tier I - Sukuk Monthly 25.03%
MIDANBFI200M Meezan Islamic Institutions Deposit Account Re.1 - 499.99 M 11.00% MBLTS2 Meezan Bank Limited Tier II - Sukuk (Second Tranche) Six Monthly 23.38%
MIDANBFI1B (MIIDA NBFI) 500 M & Above 11.00% MBLT2TT Meezan Bank Limited Tier II - Sukuk (Third Tranche) Six Monthly 22.55%

MIAA Meezan Digi Asaan Account (Digital Onboarding) Monthly 18.15% USDSA US Dollar Saving Account Monthly 2.00%
MDRA Meezan Digi Remittance Account (Digital Onboarding) Monthly 18.15% MRPAU Meezan Roshan Digital Account (US Dollar) Monthly 2.00%
MFFAP Meezan Digi Freelancer Account (Digital Onboarding) Monthly 18.15% MRRAU Meezan Roshan Resident Account (US Dollar) Monthly 2.00%
MGUSD Margin Account (US Dollar) Monthly 0.07%
BBHRA Smart Remittance Wallet Monthly 18.15% MWFAu Meezan Women First Account (US Dollar) Monthly 2.00%
MSW Meezan Smart Wallet Monthly 18.15%
SAMA Smart Asaan Mobile Account Monthly 18.15% GBPSA Pound Saving Account Monthly 1.25%
MRPAG Meezan Roshan Digital Account (GBP) Monthly 1.25%
MORA1 MORA (SA)-Category I - MRRAG Meezan Roshan Resident Account (GBP) Monthly 1.25%
MORA2 MORA (SA)-Category II - MWFAG Meezan Women First Account (GBP) Monthly 1.25%
MORA Saving Account (MORA-SA)
MORA3 MORA (SA)-Category III -
MORA4 MORA (SA)-Category IV - EUROSA Euro Saving Account Monthly 1.20%
MRPAE Meezan Roshan Digital Account (EURO) Monthly 1.20%
KMAPES Karobari Munafa Account- PES Monthly 15.95% MRRAE Meezan Roshan Resident Account (EURO) Monthly 1.20%
MWFAE Meezan Women First Account (EURO) Monthly 1.20%
ILTFFTEX3 3 Years (Quarterly) Textile Sector -
ILTFFNONTEX3 3 Years (Quarterly) Non-Textile Sector 5.50% MFFAU Meezan Digi Freelancer Account-USD (Digital Onboarding) Monthly -
ILTFFTEX5 Islamic Long Term Financing Facility (ILTFF) 5 Years (Quarterly) Textile Sector 3.30% MFFAG Meezan Digi Freelancer Account-GBP (Digital Onboarding) Monthly -
ILTFFNONTEX5 5 Years (Quarterly) Non-Textile Sector 3.30% MFFAE Meezan Digi Freelancer Account-EURO (Digital Onboarding) Monthly -
ILTFFTEX10 10 Years (Quarterly) Textile Sector 2.75%
ILTFFNONTEX10 10 Years (Quarterly) Non-Textile Sector 2.75%
IFRE1 IFRE-Category I 3.30% USDCOII3MMA50K COII 3 Months - Maturity 2.07%
IFRE2 Islamic Financing Facility for Renewable Energy (IFRE) IFRE-Category II 2.20% USDCOII6MA50K COII 6 Months - Maturity 2.24%
IFRE3 IFRE-Category III 3.30% USDCOII1YSM50K
US Dollar Mudarabah Certificate (DMC) $. 10 K & Above COII 1 Year - Six Monthly 2.76%
ITERF Islamic Temporary Economic Refinance Facility (ITERF) Quarterly 1.10% USDCOII1YMA50K COII 1 Year - Maturity 2.83%
IFRCC Islamic Refinance Facility for Combating COVID – 19 (IRFCC) Quarterly 0.28% USDCOII3YSM50K COII 3 Years - Six Monthly 2.89%
IRFMS Islamic Refinance Facility for Modernization of SMEs (IRFMS) Quarterly - USDCOII3YMA50K COII 3 Years - Maturity 2.93%
IFFSAP Islamic Financing Facility for Storage of Agricultural Produce (IFFSAP) Quarterly 2.20%
IRCGSWE Islamic Refinance & Credit Guarantee Scheme for Women Entrepreneurs (IRCGS-WE) Quarterly -
ISAFS Islamic SME Asaan Finance Scheme (I-SAAF) Quarterly 1.10%
IWCF Islamic Refinance Scheme for Working Capital Financing (IWCF) Quarterly 1.93%

*COII 1 Year (Quarterly) , COII 2, 3 & 5 Years (Monthly, Quarterly & Maturity) stand discontinued for fresh deposits

Profit Rates are per annum and declared on Monthly basis.


24/7 Call Centre 111-331-331 & 332
www.meezanbank.com

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