Meezan Business Plus is a Mudaraba based banking account introduced by Meezan Bank, which is one of the biggest Islamic Shariah based banks in Pakistan. The Meezan Business Plus account enables the businessman to use it for daily transactions as well as availing all sorts of banking facilities, keeping in view the Shariah compliance necessary for Islamic banking. The account can be opened by sole proprietorship as well as partnership on the basis of Islamic banking principles. The Mudaraba model makes it very effective and trustworthy for customers seeking Islamic finance and banking services.
How it Works
When a customer opens a Meezan Business Plus account, he/she becomes the owner and the bank becomes the manager of the money. The money is then put into the capital pool from where it is invested in various Shariah compliant industries and even used to finance other Islamic banking customers.
Along with the main benefit of Shariah complaint banking principles the Meezan Business Plus account has the following features:
Minimum investment required to open an account is Rs. 100,000/-
There is no restriction on withdrawals or numbers of transactions
There is no deduction of service charges if the balance maintained is low
The following facilities will be provided free of charge* if an average monthly balance of Rs. 100,000/-is maintained in the account
The customers of Meezan Bank can also enjoy the benefits of the online banking offered by the bank, hence they can stay updated with all the latest news and banking solutions.
About Meezan Bank
Meezan Bank is one of the oldest Islamic Shariah compliant banks in Pakistan and a trusted name is local banking customers. As more and more people are switching towards Islamic banking, so Meezan Bank is becoming their 1st choice because of the trust being given to the existing clients as well as a number of opportunities for the new customers. The Meezan Bank has spread its branches all across Pakistan to facilitate the customers as well as branding itself as a bank trusted by everyone.
For further details about Meezan Business Plus please visit: http://www.meezanbank.com/BusinessPlus.aspx