MCB Islamic Hidayat Foreign Currency Current Account

Individual & entities having different entity status seeking maintenance of Shariah compliant chequing foreign current account.

Benefits/Features

MCB Islamic Hidayat Foreign Currency Current Account can be offered to:

  • Individuals
  • All Forms of Association of Persons (AOPs) such as:
    1. Firms (Sole Proprietor, Partnership)s.
    2. Companies (Public and Private Limited)
    3. Trust/Clubs/Societies & Associations
  • No minimum balance requirement
Initial Deposit

USD 500/- or its equivalent in GBP, EURO & JPY

Transaction Limit

Unlimited Deposits & Withdrawals

Online Banking

Free

Acceptable Currency

USD, GBP, EURO & JPY

Other Facilitiies
  • Cheque Books
  • Banker’s Cheque
Nature of Product

MCB Islamic Hidayat Foreign Currency Current Account is based on the concept of “Qard” where the Customer is “lender” and the Bank is “borrower”. The amount deposited by Customer in this account shall remain payable by the Bank to the customer until paid. Bank may at its discretion use or employ such funds as it deems fit in approved Shari’ah Compliant products/avenues. This is non-remunerative chequing account where the bank is liable to pay your money back on demand without any additional charges.

For more information, please call our Contact Centre at 042-111-222-642, or visit your nearest MCB Islamic Bank Branch.

Note: Terms and Conditions apply. All taxes are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing Schedule of Charges (SOC).

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