MCB Islamic Juniors Club

MCB Islamic Juniors Club is an account to inculcate saving in kids and making it a happy experience for them to open their first banking account. Kids can open their MCB Islamic Juniors Club and enjoy the exciting features along with saving benefits.

Benefits/Features
  • A saving account for kids below the age of 18 years.
  • Available in Pak Rupees Only.
  • An exciting gift with first chequebook delivery.
  • Branded Cheque Book.
  • No Initial Deposit Requirement.
  • No minimum balance requirement
  • Unlimited Deposits & Withdrawals.
  • Monthly average balance based profit, paid on a monthly basis.
Other Facilities:
  • Banker’s Cheque
  • Debit Card (except Platinum)
  • SMS Alerts
  • Phone Banking (24/7 Call Centre)
Nature of Product

MCB Islamic Juniors Club is 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 MCB Islamic Juniors’ Club

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

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