-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
1/23
Head Office of Meezan bank is located at,
3rd Floor PNSC Building,
Moulvi Taeezuddin !"an #oad !arac"i,
Sind", Pakistan$
Tel% &'()(*+ -*./(0-*.-1'$Fa2% &'()(*+ -*.31
$eezanbank$co
(401 Call Center ***)33*)33*
2302 Zabihullah Nasir
2396 Mehwish Jahan
BBA 6th Section-B (Eve
http://www.meezanbank.com/http://www.meezanbank.com/
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
2/23
!niversit" o# E$ucation %ahore& Multan 'a)us Bosan
*oa$ Multan
Mee+an Ban, is )ublicall" liste$ co)an"& rst incor)orate$ on
Januar" 2.& /99. 1t starte$ o)erations as an 1slaic investent
ban, in Auust o# the sae "ear& which has been license$ b" the
State Ban, o# 4a,istan5 to o)erate as an 1slaic coercial
ban, on 3/st Januar" 2002 State Ban, o# 4a,istan rante$ the
nations rst #ull-7ee$ coercial ban,in license o# 1slaic
Ban,in to Mee+an ban, lt$ 1t was a new era in ban,in sector
histor" in 4a,istan that Mee+an Ban, lt$ a$heres strictl" to the
)rinci)les o# 1slaic Shariah with absolutel" no co)roise& an$
is reconi+e$ as 4a,istans trul" )reier 1slaic Ban, Mee+an
Ban, is o)enin a))ro8iatel" ore than /66 branches in 0
$i:erent cities
1n a$$ition the State Ban, o# 4a,istan5 itsel# overns
the activities o# Mee+an Ban, an$ its Sharehol$ers Mee+an ban,lt$ has a stron Balance sheet with e8cellent o)eratin
)rotabilit"& inclu$in a ca)ital a$e;uac" ratio that has )lace$ the
Ban, at the to) o# in$ustr"& a lon-ter entit" ratin o# A
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
3/23
Shariah Boar$
>he ission o# Mee+an Ban, is
>o be a )reier 1slaic Ban,5
Mee+an Ban, has a ver" hih-caliber Shariah Su)ervisor"
Boar$5& co)rises o# internationall" renowne$ 1slaic scholars
>he Shariah Su)ervisor" Boar$5 reularl" reviews the ban,s
activities an$ a))roves all new )ro$ucts >he ban, also has aresi$ent Shariah a$visor ?octor Muhaa$ 1ran !sani& who
onitors $a"-to-$a" transactions o# the ban, >he Shariah Boar$
co)rises o# the #ollowin ebers@
Justice (*et$ Muhaa$ >a;i !sani (4a,istan chairan
?r Ab$ul Sattar Abu hu$$ah (Sau$i Arabia
Shei,h Essa M 1sha; (Bahrain
?r Muhaa$ 1ran Ashra# !sani (4a,istan
Shareholders in Meezan Bank
ur sharehol$ers are worl$-renowne$ nancial institution ie
4a,istan Cuwait investent co)an" (4vt %t$
Shail Ban, o# Bahrain E'
1slaic ?evelo)ent Ban,
Cuwait aw;a# 4ublic Doun$ation
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
4/23
Sau$i-4a, 1n$ustrial Ariculture 1nvestent 'o)an" (4vt
%t$
Mudarabah
>his is a ,in$ o# )artnershi) where one )artner ives one"
to another #or investin in a coercial enter)rise >he investent coes #ro the rst )artner who is calle$
*ab-ul-Mal5 (1nvestor >he anaer an$ wor, is an e8clusive res)onsibilit" o# the
other& who is calle$ Mu$arib5 (For,in )artner 4rot is share$ as )er aree$ ratio
1n case o# Mu$arabah all losses are borne b" *ab-ul-Mal
Key Features
>he structure is base$ on the )rinci)le o# Mu$arabah is
strictl" in con#orit" with the rules o# 1slaic Shariah 1t has been a))rove$ b" the Shariah Su)ervisor" Boar$ o#
Mee+an Ban, n areein to becoe an account hol$er& the custoer
enters into a relationshi) base$ on Mu$arabah with Mee+anBan,
!n$er this relationshi)
• >he Ban, is the Manaer (Mu$arib o# the #un$s
$e)osite$ b" the custoers
• >he custoer is an investor (*ab-ul-Mal
Accounts ofered by Meezan Bank Ltd on Mudarabah
Basis
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
5/23
• >he ban, allocates the #un$s receive$ #ro the
custoer to a $e)osit )ool
>hese #un$s #ro the )ool are utili+e$ to )rovi$e nancin to
custoers un$er 1slaic o$es that inclu$e& but are notrestricte$ to Mu$arabah an$ 1Garah
Prots
>he ross incoe will be share$ between the ban, (as Mu$arib
an$ $e)ositors (*ab-ul-Mal in a )re$eterine$ ratio (H o# the
actual )rot ea
Mee+an Ban, %t$ o:ers $i:erent t")es o# accounts on Mu$arabah
Basis >hese are as un$er@
*u)ee 'urrent Accounts
Mee+an Ban, is )lace$ to o:er *iba-Dree
current account& a 7e8ible ru)ee base$ account that is i$eal #or
in$ivi$uals an$ businesses loo,in #or Shariah co)liant ban,in
an$ )ro#essionalis both un$er one roo# >he Mee+an ban, current account& is a co)rehensive halal
etho$ o# ac;uirin a secure an$ easil" aintainable *iba #ree
ban, account
Bun$le$ with 2I. an$ s)ecial ban,in services& the Mee+an ban,
current account is an innovative value a$$e$ account which
)rovi$es custoers both case o# utilit" an$ unatche$ services
;ualit"
Key eatures o the Riba-Free urrent Account
• 1nstant access o# #un$s at an" online branch
• Dree *eal-tie online ban,in services across our branch
networ, nationwi$e
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
6/23
• isa ?ebit car$
• Dree 2I. internet ban,in
• No restriction on with$rawals or nuber o# transactions
• No $e$uction on low balance aintaine$
• Ban, balance certicates $u)licate stateents o# account• SMS alerts services
• Sto) )a"ent Kol$ Mail instructions
• 2I. 'all center with co)lete )hone-ban,in services
• 4ersonal nancial consultanc" services
• S)eciali+e$ L to L ban,in at selecte$ branches
Ru!ee sa"in# Accounts
A uni;ue ban, account that o:ers the o))ortunit" to earn Kalal)rots& while enGo"in a rane o# a$$e$ benets 1t can be
o)ene$ with a iniu aount o# onl" *s /0&000 >he )rot
on this account is calculate$ an$ )ai$ on a onthl" basis& an$
coes with a variet" o# #ree benets& no restrictions on
transactions& )riorit" ban,in an$ ore
Key eatures
A)art #ro rst class service an$ )ersonali+e$ attention thatour custoers et when the" ban, us& we o:er the #ollowin
a$$itional convenience@
• 4rot will be calculate$ on $ail" )ro$uct basis
• ?istribution o# )rots onthl" basis
• 1nstant access to #un$s at an" online branch
• Dree online ban,in services at all Mee+an ban, branches
nationwi$e
• No restriction on with$rawals or nuber o# transactions• Ban, Balance certicates an$ $u)licate stateent o#
account
• Sto) )a"ent an$ hol$ ail instructions
• isa $ebit car$
• 2I. call center with co)lete )hone-ban,in services
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
7/23
• 4ersonal nancial consultanc" services
• S)eciali+e$ L to L ban,in at selecte$ branches
KMA $Karobari Munaa Accounts%
Carobari Muna#a is a hih )rot savin accounts s)ecicall"
tailore$ #or lare cor)orate or o) controlle$ entities 1t allows
custoers to earn hiher returns on sur)lus cash balances 1t has
no )reset transactions liits an$ coes with a variet" o#
)ac,ae$ benets
Key eatures
• 4rot will be calculate$ on $ail" )ro$uct basis
• Miniu balance re;uireent #or account o)enin is *s
/ Million
• No restriction on with$rawals or nuber o# transactions
• Dree #acilities& che;ue boo,s an$ )a" or$ers
• ?e$icate$ accounts I relationshi) anaer
• >he Carobari Muna#a accounts wor,s un$er the )rinci)les
o# Mu$arabah an$ is strictl" in con#orit" with the rules o#
1slaic Shariah 4rot calculations an$ all ban,in
transactions are in strict a$herence to the 1slaic Shariah&onitore$ b" our Shariah a$visor an$ the Shariah
Su)ervisor" Boar$
MBA $Meezan Bachat Accounts%
Mee+an Bachat Accounts is a uni;ue savin account that )rovi$es
hih onthl" returns with the 7e8ibilit" to with$raw savins i#
nee$e$ >hus Mee+an Bachat Account o:ers a hiher e8)ecte$
rate o# return the conviences o# a savin account
Fith a Mee+an Bachat account& custoers are entitle$ #or a
hiher the )rot with a hiher account balance 'ustoers
receive )rot even i# "our balance #alls below *s 2&000I- in an"
onth 4rot is cre$ite$ to custoer account ever" onth an$ is
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
8/23
calculate$ with re#erence to the iniu balance aintaine$ in
the account $urin the )rece$in onth
Key Features
EnGo" a rane o# valuable #eatures inclu$in@
• Kalal Kih co)etitive returns
• 4rot )a"ent on onthl" basis o)en #or in$ivi$uals onl"
• Miniu balance #or account o)enin is Gust *s 2&000I-
• Ma8iu balance liit #or ettin hihest )rot rate is *s
/0&00&000I-
• Faiver o# a))lication #ee #or car 1Garah Eas" Koe #or
accounts with iniu balance o# *s 00&000
• Dree real-tie online Ban,in services at all Mee+an Ban,
branches nationwi$e
• Dree ban, balance certicates
• isa ?ebit 'ar$
• 2I. call center with co)lete )hone-ban,in services
• 2I. internet Ban,in #ree an$ instant access to "our
account(s an"tie an"where
• 4ersonal nancial consultanc" services
• S)eciali+e$ L to L Ban,in at selecte$ branches
&S 'ollar Sa"in# Account
Mee+an ban, is )lease$ to o:er riba-#ree $ollar savin account & a
#orein currenc" base$ investent o))ortunit" that is set u) on
the )rinci)al o# Shariah an$ as a result is #ree #ro the eleent o#
interestFith a iniu o# onl" O/00 "ou can o)en a $ollar savin
account with us a un$er a Mu$arabah arraneent that is strictl"
in con#orit" with the )rinci)les o# 1slaic Shariah >he return
earne$ on the Mu$arabah )ool is calculate$ ever" onth an$ the
)rot ratio #or all investors is $eclare$ at the beinnin aintain a
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
9/23
iniu averae onthl" balance o# O 00& custoer investor is
$eclare$ at the beinnin o# the onth 1# custoer aintains a
iniu averae onthl" balance o# O 00& custoer shall be
eliible to receive )rot that shall be cre$ite$ to custoers
account ever" onth
Key Features
A)art #ro rst class services an$ )ersonali+e$ attention that
Mee+an ban, custoers et when the" ban, us Mee+an Ban,
o:ers the #ollowin a$$itional conviences to their custoers@
• Mothl" )rot )a"ent• No restriction on with$rawals or nuber o# transactions
• 2I. call center with co)lete )hone-ban,in services
• >a,in sto) )a"ent instructions
• 1ssuance o# $u)licate stateent o# account
• 4ersonal nancial consultanc" services
Meezan Business Plus - MBP
Mee+an Business 4lus is a Mu$arabah-base$ account that allowscustoer to con$uct "our ban,in transactions while availin a
wi$e rane o# #ree services an$ there#ore )rovi$es "ou the i$eal
blen$ o# convenience 7e8ibilit" that "ou $eserve in 1slaic
ban,in
Mee+an business )lus account can be o)ene$ b"@
• 1n$ivi$uals
• Sole )ro)rietorshi)s• 4artnershi)s
• %iite$ co)anies
Key Features
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
10/23
• Miniu investent is re;uire$ to o)en an account is *s
/00&000I-
• >here is no $e$uction o# service chares i# the balance
aintaine$ is low
• >here is no restriction on with$rawals or nuber o# transactions
• Pou will have instant access to "our account both throuh
internet ban,in an$ throuh online ban,in at all branches
o# Mee+an ban, across 4a,istan
>he #ollowin #acilities will be )rovi$e$ #ree o# chareQ i# an
Averae Monthl" Balance o# *s /00&000I- is aintaine$ in the
account
• Dree che;ue boo,s
• Dree )a" or$ers
• Dree 1SA ?ebit 'ar$
• Dree account stateents
• Dree online Ban,in
• Dree internet Ban,in
• Dree hol$ ail #acilit"
•
Dree SMS Alert services• Dree intercit" clearin
Meezan (sla)ic (nstitution 'e!osit Account $M(('A%
>he Mee+an 1slaic institution ?e)osit account (M11?A is a
uni;ue )ro$uct& tailore$ e8clusivel" #or 1slaic Dinancial intuitions
(1D1s Fith M11?A& an" 1D1 now has the o))ortunit" to anae
e8cess li;ui$it" in an ie$iate an$ )rotable anner& b"
aintainin a chec,in account with Mee+an Ban,
Structure o M(('A
All eliible 1slaic ban,s can enter into a Mu$arabah relationshi)
with Mee+an ban, !n$er this relationshi)& the res)ective 1slaic
ban,s are the investors (*ab-ul-Mal an$ Mee+an ban, is the
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
11/23
Manaer (Mu$arib o# the #un$s $e)osits b" the Mee+an ban,
allocates the #un$s receive$ #ro the 1slaic ban,s to a $e)osit
)ool consistin o# nancin un$er 1slaic o$es that inclu$es&
but is not restricte$ to& Murabaha an$ 1Garah
>he ban,s )rot sharin ratio is 0H o# ross incoe an$
$e)ositors )rot sharin ratio is 0H o# ross 1ncoe& calculate$
a#ter $e$uctin costs an$ e8)enses $irectl" incurre$ in $rivin
that 1ncoe >he weihtaes are available on this website or can
also be obtaine$ u)on re;uest >he ban,& at the tie o# )rot
$eclaration& at its sole $iscretion a" ive a$$itional )rot to
$e)ositors #ro its own )rot share 1n the case o# a loss& an$ as
)er the rules o# Mu$arabah& the $e)osit )ool shall bear the loss on
a a))ro)riate basis
Key Features
>he #eatures an$ echanics o# the )ro$uct are $etaile$ below
)rovi$in a rea$"-a$e solution ensurin hih returns& eas"
accessibilit"& total stabilit"& an$ absolute Shariah co)liance
A chec,in account onl" available #or 1D1s
?e)osits investe$ un$er a Mu$arabah arraneent
Miniu investent aount 4C* /&00&00&000I- or ulti)les
thereo#
Ma8iu investent aount 4C* / billion
Fith$rawals o# #un$s
2 hrs notice #or 4C* 0-200M $e)osit
Labbaik Sa"in# Aasaan-LSA
Mee+an Ban, is a co)letel" Kalal *iba Dree KaGG !rah)ro$uct
Cee)in "our convenience in in$& Mee+an Ban, !rah Schee
has been launche$ in collaboration with renowne$ >ravel Aents
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
12/23
Mee+an ban, is actin as sales #un$s collectin aents o# the
>ravel Aents
Key Features
• *enowne$ >ravel Aents on Mee+an ban, )anel
• 4ac,aes #or $i:erent $urations Dacilities are available
• 'o)lete isa )rocessin b" selecte$ >ravel aent
• 'onre$ returne$ airline tic,ets on an" airline
• 'o)lete accoo$ation in Kotels in Kara
• S)ecial Meet Assist services at air)ort
• 1nstallent )lan available #ro Mee+an Ban,
*% 1n$ivi$ual Accounts+% Joint Accounts,%Minor Account%Sole )ro)rietorshi) Accounts.% 1lliterate 'ustoer Account/%4artnershi) Account0%%iite$ %iabilit" 'o)anies Accounts1%Associations& 'oittee& Societies or club Accounts2%Non-*esi$ent *u)ees Accounts*3% >rust Accounts (with )rior )erission #ro K4**% E8ecutors& A$inistrators Accounts (with )rior
)erission #ro K4*+% %ocal Bo$ies Accounts*,% S)ecial convertible *u)ees Account (S'*A
*% Sta: Accounts
(ndi"idual Accounts
Accounts o# in$ivi$ual& who are resi$ent or non-
resi$ent& are to be o)ene$ un$er this cateor"
4hese all current and sa"in# accounts can be o!ened in any
cate#ory o the ollo5in# ty!es o accounts
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
13/23
6oint Accounts
Joint account is an account in the naes o# two or
ore )ersons (other than )artners o# trustees 1n this rear$ it to
be ensure$ that@
• >he Survivorshi) Man$ate5 is sine$ b" all )arties to the
account an$ instructions #or the o)eration o# account are
clearl" state$ an$ lle$ in the Man$ate
• 1n case o# $eath& che;ues sine$ b" ?ecease$ Account
hol$er )resente$ #or )a"ent will not be entertaine$ an$
there#ore ust be returne$
• Fhen the balance o# Goint account is )a"able to either )art"
or survivor& the S)ecien sinature 'ar$ shoul$ be ar,e$to e:ect the arraneent
Minor Account
A )erson who has not attaine$ the ae o# /L "ears
is inor
Kowever& in case 'ourt has a))ointe$ a uar$ian #or the )ro)ert"
o# a inor& an$ then the )erio$ o# hisIher aturit" e8ten$s to the
ae o# 2/
Sole !ro!rietorshi! Accounts
A #orall" sta)e$ written re;uest on the o=cial %etter Kea$ o#
the Business I Dir o# the sole )ro)rietor in or$er to o)en a sole
)ro)rietor account ust be subitte$ alon with AD (Accounts
)enin Dor
>his re;uest #or o)enin o# a sole )ro)rietorshi) account shoul$
co)rise the #ollowin clause@
1 a a sole )ro)rietor o# this r an$ as such& 1 a entirel"
res)onsible #or all transactions carrie$ out in the nae o# r an$
1 a res)onsibl" liable #or an" over$ra#t or other obliations
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
14/23
arisin in or in connection with this account an$ the Ban, is herb"
authori+e$ to $ebit the account with coission an$ I or other5
Ban,in chares an$ e8)enses incurre$ in connection with this
accountA$$itional care ust be ta,en while o)enin o# sole )ro)rietor
account Besi$e other $ocuents the custoer shoul$ be as, to
)ro$uce the oriinal N>N (National >a8 Nuber certicate issue$
to his nae in the ca)acit" as sole )ro)rietor o# sai$ r
(lliterate usto)er Account
>hese t")es o# accounts ate o)ene$ onl" #or those )ersons who
are illiterate >his account is also ,nown as 7Photo Account89that $urin o)enin this account we )aste the current )ass)ort
si+e )hotora)hs with AD (Account )enin Dor 1lliterate
)erson coul$ onl" o)en Savin Accounts Durtherore& all
with$rawals un$erta,en b" illiterate custoers ust be witnesse$
b" two Ban, o=cials an$ countersine$ b" Manaer )eration
Partnershi! Accounts
4artnershi) is an association o# two or ore )ersons who havearee$ to share )rots o# a business carrie$ on b" all or b" an"
one o# the actin #or all >he ters an$ con$itions ust be
s)elle$ out in the 4artnershi) ?ee$5 #orall" aree$ u)on
aon )artners b" incor)oratin the sae in the ?ee$
1t shoul$ ensure that@
• Accounts o# onl" *eistere$ 4artnershi) concerns will be
o)ene$ an$ the )artnershi) ?ee$5 will be obtaine$ an$criticall" reviewe$
• >he AD ust be sine$ b" all )artners in their ca)acit" as
in$ivi$ual an$ not as eber o# the )artnershi)
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
15/23
• >he sinin an$ $eclaration o# )ower o# those authori+e$ to
o)erate the account shoul$ be clearl" state$ on the AD
$ocuentation in accor$ance with the )artnershi) ?ee$ Li)ited Liabilities co)!any Accounts
>here are two t")es o# liite$ co)anies ie 4ublic %iite$ an$
4rivate %iite$ >he )ublic an$ 4rivate %iite$ co)anies are
both incor)orate$ an$ overne$ un$er the )rovisions o#
co)an"s or$inance /9L
A liite$ liabilit" co)an" a" be o)en an account with the Ban,
onl" i# it is authori+e$ to $o so b" a resolution o# the Boar$ o#
?irectors o# the co)an"
Durtherore& such resolution ust s)eci#" the titles I $esination
o# the o=cials authori+e$ to o)en an$ o)erate the account& the
e8tent o# their authorit" an$ the anner in which the account will
be o)erate$
Association9 o))ittee9 Societies or lub Accounts etc
Association& 'oittee& Societies or 'lub a" o)en an account
with the ban, onl" i# authori+e$ to $o so b" the overnin Bo$" o#
the sai$ Association I coittee I Societ" or 'lub
Account o# the Association& 'oittee& Societies or 'lub shoul$
not be allowe$ to be over$rawn No che;ue $rawn on the
accounts o# the Association& 'oittee& Societies or 'lub shall be
collecte$ #or the cre$it o# )ersonal I )rivate accounts o# an" o# the
=ce-Bearers o# Association& 'oittee& an$ Societies or 'lub
:on-Residential Ru!ees Accounts
Accounts o# in$ivi$uals& Dirs or 'o)anies who are resi$ent in
countries outsi$e o# 4a,istan an$ all nationals o# 4a,istan an$
)ersons $oicile$ in 4a,istan& who visit abroa$ #or the )ur)ose o#
e)lo"ent& stu$" an$ business etc& are treate$ as Non-
resi$ents as lon as the" reain outsi$e 4a,istan Accounts o# all
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
16/23
#orein nationals who are resi$ent in 4a,istan a" be treate$ as
*esi$ent Accounts
4rust Accounts
A trust Account a" be o)ene$ e8ce)tionall" with the )rior
a))roval o# Kea$ o# )erations >rust Accounts a" onl" be o)en
#or )arties whose interit" an$ stan$in is be"on$ an" $oubt
Be#ore sen$in the K (Kea$ =ce BM (Branch Manaer an$
Mo (Manaer )eration will o throuh the >rust ?ee$5 to
ensure that no un$ue onus is )lace$ on the Ban,
;
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
17/23
As )er the Dorein E8chane Manual 'ha)ter 20& S'*A can be
o)en b" Nonresi$ents #or the )ur)ose to tra$e in the shares
;uote$ on the Stoc, E8chanes in 4a,istan Such accounts can be
#e$ b" reittances #ro abroa$ or b" trans#er #ro a #orein
currenc" account aintaine$ b" the non-resi$ent investor in4a,istan >he balance available there in can be use$ #or )urchase
o# an" share ;uote$ on the Stoc, E8chane Branches will be
re;uire$ to subit wee,l" stateent in the )rescribe$ 4er#ora
(-92 o# DE- Manual showin the )osition in res)ect o# S'*A
accounts as on each Satur$a"
Staf Accounts
Sta:s can o)en onl" one savin or current account sinl" or Gointl" with his I her s)ouse at the tie o# a))ointent in the
res)ective branch o# Mee+an Ban, %iite$ >he account will be
o)ene$ #or the )ur)ose o# salar" $isburseent (li,e salar"& bonus&
increents& allowance or an" #or o# reiburseent #ro
Mee+an Ban, %iite$ aainst services ren$ere$ b" e)lo"ee
*= (ndi"idual accounts>
• 'o)" o# 'N1'
• An" )roo# o# 1ncoe (salar" sli)I N>N
• An" !tilit" Bill (#or A$$ress erication
+= Pro!rietorshi! Account
• 'o)" o# 'N1'
'ocu)entation o ?!enin# an Account
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
18/23
• 4roo# o# )ro)rietorshi) (N>N 'erticate
• 3 Account )enin *e;uest 4ro)rietorshi) letter on Dirs
%etter Kea$
• An" !tilit" Bill (#or A$$ress erication
,= Minor Account
• 'o)" o# 'N1' o# uar$ian
• 'o)" o# Birth 'erticate
• 'N1' co)" o# uar$ian
= Partnershi! Accounts
• *eistere$ 4artnershi) ?ee$ ('ertie$ 'o)"
• %etter o# Authorit" Man$ate
• 'o)ies o# 'N1's o# all )artners
• Account o)enin *e;uest %etter on rs %etter Kea$
.= Li)ited o)!any>
• 'o)" o# 'erticate o# 1ncor)oration
•
%ist o# ?irectors• Meoran$u Articles o# Association
• Boar$ *esolution
• 'erticate o# 'oenceent o# Business (#or 4ublic %t$
'o
• 'o)ies o# 'N1's o# all ?irectorsISinatories
• %atest co)" o# certie$ Dor-29
/= lub@ Society@ Association>
• 'o)" o# *ulesIB"-%aws
• 'o)" o# *eistration (i# a))licable
• %ist o# e8ecutive MeberIManaeent
'oitteeIManaeent Boar$ etc
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
19/23
• 'ertie$ 'o)" o# *esolution
• 'N1's o# all Mebers o# Manaeent Bo$" Sinatories
• !n$erta,ins to ie$iate in#or the ban, in writin
about an" chanes in Manaeent 'oitteeI
Authori+e$ )ersons
:?4;
>hese all $ocuents are re;uire$ oriinal& ban, itsel#
et the )hotoco)" o# these $ocuents
KousewivesIStu$entsI*etire$ 4ersonal@ ?ocuents as re;ueste$
b" branch
Musharakah
Mushara,ah is the t")e o# 4artnershi) in which both the )artners
invest e;uall"& an$ share their )rot losses e;uall"
'(FF;R;:; B@ M&SARAKA C M&'ARABA
Musharakah
• 1n Mushara,ah both )arties invest
• Both )arties wor,
• 1n Mushara,ah the )rot an$ losses share$ e;uall"
Mudarabah
• 1n Mu$arabah one )art" invest (*ab-ul-Mal an$ other )art"
wor, (Mu$arib
• 4rot is share$ as )er aree$ ratio
'NS!ME* BANC1N 4*?!'>S DDE*S BP MEEZAN BANC
%>? N M!SKA*ACAK BAS1S
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
20/23
• 1n case o# Mu$arabah all losses are borne b" *ab-ul- Mal
?:S&M;R BA:K(:D PR?'&4S
'onsuer Ban,in 4ro$ucts are
/ Murabah2 'ar 1Garah3 Eas" Koe
Meezan Bank Murabah
Murabah is the t")e o# short ter nancin in which Ban, is the
owner o# )ro$uct an$ )urchases that #or the custoer %i,e other
ban,s Mee+an ban, is not )rovi$in the loan to the custoer& but
i# the" nee$ an" t")e o# )ro$uct li,e Machiner" etc #or his use
Ban, has no e8)ertise& so ban,s a,e the aent to that )erson&
he will bu" hisel# an$ then han$ it over to the ban, >hen ban,
will ive hi on cost )lus )rot 1# $urin bu"in an" t")e o#
su$$en acci$ent occurs& the whole loss will be borne b" the ban,because the ban, is owner o# that aterial
Meezan Bank ar (Earah
'ar 1Garah is 4a,istans rst 1nterest Dree5 car nancin base$ on
1slaic nancin o$e o# 1Garah or 1slaic leasin >his )ro$uct is
i$eal #or interest a$verse in$ivi$uals& loo,in #or a car nancin
that )rovi$es the convenience o# a well $esine$ )ro$uct whileavoi$in an interest base$ transaction
'ar 1Garah is si)l" a rental areeent un$er which the car will
be iven to the custoer on rent #or a )erio$& aree$ at the tie
o# the contract Mee+an Ban, )urchases the car an$ rents it out to
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
21/23
the custoer #or a )erio$ o# 3& or "ears !)on co)letion o#
the lease )erio$ he custoer ets ownershi) o# the car aainst
his initial securit" $e)osit
'ar 1Garah is uni;ue an$ is a))rove$ b" Mee+an Ban,s ShariahBoar$
'ar 1Garah& $esine$ un$er the su)ervision o# Mee+an Ban,s
Shariah Su)ervisor" Boar$& is uni;ue to car leasin #acilities
)rovi$e$ b" other ban,s *ihts liabilities o# wner vIs !ser
An 1slaic 1Garah is an asset-base$ contract& ie the lesser shoul$
have ownershi) o# the asset $urin the )erio$ o# the contract
!n$er 1slaic Shariah& all ownershi) relate$ rihts an$ liabilities
shoul$ lie with the owner while all usae-relate$ rihts an$
liabilities shoul$ lie with the user A conventional lease contract
$oes not $istinuish between the natures o# these liabilities an$
)laces all liabilities on the user o# the asset& contra$ictor" to
1slaic Shariah !n$er 1Garah& all ownershi)-relate$ ris,s lie with
the Ban, while all usae relate$ ris,s lie with the user& thus
a,in the %esser the true owner o# the asset an$ a,in the
incoe enerate$ throuh the contract )erissible (Kalal #or the
Ban,
'ar (Earah& 4a,istans Dirst 1slaic 'ar Dinancin
As a ste) towar$s Mee+an Ban,s ission to )rovi$e a one-sto)
sho) #or innovative value a$$e$ Shariah co)liant )ro$ucts&
Mee+an Ban,s 'ar 1Garah unit )rovi$es a car nancin& base$ on
the )rinci)les o# 1Garah an$ is #ree o# the eleent o# interest
'ar 1Garah is 4a,istans rst 1nterest Dree car nancin base$ on
the 1slaic nancin o$e o# 1Garah (1slaic leasin >his )ro$uct
is i$eal #or in$ivi$uals loo,in #or car nancin while avoi$in an
interest-base$ transaction
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
22/23
Mee+an Ban, 'ar 1Garah is a car rental areeent& un$er which
the Ban, )urchases the car an$ rents it out to the custoer #or a
)erio$ o# 3 to "ears& aree$ at the tie o# the contract !)on
co)letion o# the lease )erio$ the custoer ets ownershi) o#the car aainst his initial securit" $e)osit
Meezan Bank ;asy o)e $house nancin#%
Eas" Koe is 4a,istans rst totall" Shariah-co)liant Koe
Dinance #acilit"R ne that is co)rehensive& a:or$able& an$ totall"
hassle-#ree Dor at Mee+an Ban,& we are coitte$ to eetinour custoers nee$s& in a trul" Shariah-co)liant anner
cou)le$ with $e$icate$ service e8cellence
hy is alal ho)e nance so i)!ortant to you
wnin "our own hoe is one o# li#es ost i)ortant
achieveents 1t re)resents "our securit"& stabilit"& an$ is a reat
blessin in itsel# 1t )rovi$es that all-i)ortant sa#et" an$ co#ort
#or "ou an$ "our love$ ones
Kowever& in to$a"s o#ten un)re$ictable an$ costl" environent&
savin the re;uire$ one" can ta,e a li#etie in itsel# *isin
)ro)ert" )rices& ta8es& in7ation& currenc" $evaluationT its all a
ver" har$ barain n the other han$& ownin "our own hoe an$
)a"in an eas" installent& which ta,es "ou ste) b" ste) towar$s
co)lete ownershi)& is so uch better than )a"in rent which
ultiatel" onl" a$$s to "our e8)ensesA$$e$ to that is "our $esire to sta" awa" #ro interest base$
nancin an$ be totall" *iba-#ree& thus achievin that co)lete
inner satis#action an$ )eace o# in$ Fh" not have the best o#
both worl$sU 1snt that what "ou are wor,in so har$ #or an"wa"U
-
8/18/2019 Prodects and Documentation of Meezan Bank Ltd
23/23
(sla)ic Financin# on a 'i)inishin# Musharakah basis
Fith Eas" Koe "ou )artici)ate with Mee+an Ban, in a Goint
ownershi) o# "our )ro)ert"& where the Ban, will )rovi$e a certain
aount o# nancin (usuall" u) to L0H Pou aree to a onthl"
)a"ent to the ban, o# which a co)onent is #or the use o# the
hoe& an$ another #or "our e;uit" share 1n #act& the total
onthl" )a"ent is re$uce$ reularl" as "our share in the
)ro)ert" rows Fhen "ou have a$e the #ull investent& which
ha$ been aree$ u)on& "ou becoe the sole owner with a #ree
an$ clear title to the )ro)ert"