MCB Islamic Asaan Saving Account

MCB Islamic Asaan Saving Account is for Individuals with limited source of income who want to conveniently open and maintain Shari’ah Compliant saving account with almost no documentation requirements. Click Here to open account now.

Benefits/Features
  • MCB Islamic Asaan Saving Account can be offered to Individuals.
  • No minimum balance requirement
  • Profit is calculated on monthly average balance basis
Other Facilities
  • Cheque Books
  • Banker’s Cheque
  • ATM/Debit Card
  • SMS Alerts
  • Internet Banking
  • Mobile App
  • Phone Banking (24/7 Call Centre)
Initial Deposit

Rs. 100/-

Transaction Limit

Total Debit Rs. 1,000,000/- (per month)
Total Credit balance limit Rs. 1,000,000/-

Online Banking

Free

Acceptable Currency

PKR

Profit Payment Frequency

Six-Monthly

Profit Payment Frequency

Six-Monthly

Nature of Product

MCB Islamic Asaan Saving Account a profit bearing account based on the principles of Mudarabah, where Customer is “Rabb-ul-Maal” and Bank is “Mudarib”. Bank may, at its discretion, use or employ such funds as it deems fit under the products and avenues approved by Shari’ah Board of the Bank. Bank shall share the profit on the basis of predetermined profit sharing ratio. Return on deposits will be based on predetermined weightages for each month or any interval decided by the bank and announced as per SBP’s instructions. A sheet containing this information shall be available on Customer’s demand and also be placed at the public notice board of branches and on the website of the bank.

Key Fact Sheet

MCB Islamic has taken a proactive approach to promote responsible and transparent banking practices. To help customers make informed decisions about our products, we have created Key Fact Statements (KFS) that provide a comprehensive overview of the affordability, features, pricing, and other important factors of our banking services. We encourage you to review the below KFS sheet carefully to make informed decision.

KFS For Asaan Saving Account

In the event of loss to the pool, all the investors of the pool shall share such loss proportionate to their investment.

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 and Zakat are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing Schedule of Charges (SOC).

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