Are you looking for the Meezan bank investment monthly profit scheme. Today we will discuss about the everything regarding this inveastment opportunity.
One of the leading Islamic banks in Pakistan is Meezan bank which provides various Shariah-compliant investment products. These are some of the products that enable people and companies to get profits halaally. Examples of such investments include Meezan Bank’s Investment Monthly Profit Account, abbreviated as IMP.
Investment Monthly Profit is an investment product low risk and provides fixed monthly return of invested money for investor. Such an account suits people with an idea of continuous revenues from saving funds with capital having minimum risks. This is an account with competitive yields compared to other saving accounts.
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Meezan bank investment monthly profit
Investment Monthly Profit account conforms with Shari’ah regulations which are the basis of Islamic finance. It is based on Mudaraba, which is the profit sharing arrangement between the bank and the investor. It assumes the role of the Mudarib (the manager) with the investor being Rab ul Maal (capital provider). In addition, the profit from an investment is allocated between the bank and the shareholder according to a prearranged percentage figure.
There is no upper ceiling for investment in the Investment Monthly Profit Account but its minimum investment threshold is PKR 25,000. A fixed monthly profit rate accrues in the account, which adjusts depending on the state of business at any given time. At the start of every month, a fixed rate of profits are announced and stay constant through out the entire month.
The investors can opt for paying back profit monthly or quarterly. Profit is transferred onto the investor’s Meezan bank account and it could also be paid by a post-dated cheque. The tenor is flexible in this account and investors have the opportunity to invest for between one month up to five years.
The Investment Monthly Profit account has a very small risk which is one of the critical features. This is a guaranteed return account where investors are assured of at least a fixed profit on an investment. The account also enjoys the state owned deposit protection scheme offered by StateBank of Pakistan for depositor’s safety in cases of a failed bank.
The Investment Monthly Proft account is flexible; this is yet another advantage. However, investors decide the interval between profits as well as the duration of the investment they are involved with. This means that the account is good for you if wishing to budget your cash flow and get interest on your reserves steadily.
Another tax efficient investment is the Investment Monthly profit account. Profits in that account are not subject to pay as with holding tax, nor to Zakah. As a result, investors tend to make more profits than they would have by investing in another taxable business.
For one to be able to open an investment monthly profit account with Meezan bank, investors require their CNIC, recent passport size photograph and they also have to deposit at least twenty five thousand Pakistani rupees. To open the account, one has access to every Meezan Bank outlet or may also do so online via the banks’ website.
Conclusion
Investment Monthly Profit account of Meezan bank is an Islamic investment that offers low risk of earning consistent returns on saving. It allows a high degree of flexibility, is effectively taxable, and carries state guaranteed deposit insurance offered by the State Bank of Pakistan. It suits investors who would like to receive constant monthly gains on their investments but do not intend to play with big risk.
What is the profit rate of Meezan Bank?
Well, Meezan bank is offering around 7.51% profit rate to its investers.
What is the monthly profit in Meezan Bank?
Yes, Meezan bank is offers to its investers smart profit on their smart profit.
