Bank Copy

Meezan Asaan Account

Account Opening Form

Effective: Dhu Al-Qi'dah 1443/June 2022 For Bank Use Only

Customer No.
Date:
Account No.
The Manager ______________________ Branch, __________________________, Pakistan
IBAN
I/ We request you to open an account with Meezan Bank Limited as specified hereunder.
Account Type Savings Current
Nature of Account Individual Joint Minor Photo
Title of Account (in BLOCK letters)
Mailing Address
City Postal Code Existing MBL Customer(s) Yes No
Purpose of Account

Personal Information Applicant 1 Applicant 2

Full Name (as per CNIC)

Gender Male Female Male Female

Permanent Address (as per CNIC)
Residence Telephone
Mobile Number
Marital Status
Father’s Name
Mother's Maiden Name
Spouse Name
Date of Birth
Place of Birth
Religion
CNIC/Passport/NICOP/POC/ARC/Pension
book/B-Form/Birth Certificate/ School Card No.
(Tick the applicable choice)
Expiry Date (if applicable)
Average Monthly Income
Occupation/Profession
Name of Employer/Business
Employer/Business Address
Office Telephone
E-mail Address
Expected amount of Debit (Amount in figure) Credit (Amount in figure)
monthly transactions

Expected number of E-mail address

monthly transactions E-Statement Yes No
I/We hereby authorize the Bank to send me/us account statement at above mentioned
email address instead of dispatching hard copy of account statement through courier/mail.

Name of Next of Kin Contact No. Address

VISA Debit Card Yes No Gold Silver (VISA Debit Card Conditions Apply)

Name to appear on VISA Debit Card (max 20)

Zakat Applicable Yes No SMS Service Yes No Mobile No.

Operating Instructions Single Joint Either or Survivor Other
I/We hereby certify that all information herein is true and correct, including the contact information.

I/We hereby solemnly declare that the information regarding my/our source of income is complete and true.

I/We understand that the Bank may at its option, participate as an investor by commingling its funds & the
funds of other customers as well as amount deposited in current account, as and when required.

I/We declare and confirm that I/we have received and read and understood the Bank's Account
Opening Form with Terms and Conditions governing this account which have been signed by me/us in
acceptance thereof. I/We agree to observe and remain bound by the said Terms and Conditions and
any changes supplements or modifications thereto that may be made by the Bank from time to time.
Furthermore, I/we acknowledge having received a copy of this APPLICATION Form including these
Terms and Conditions with salient features in Urdu.

Customer Signature 1. 2. Bank Officer Signature

Bank Copy

Terms & Conditions:

1) In Savings Account, the relationship between the Bank from the Customer, debit any account of the Customer
and the customer shall be based on Mudarabah, where the maintained with the Bank for all expenses, fees,
Customer is the Rab ul Maal and the Bank is the Mudarib. commissions payable by the customer, including charges
The Bank as the Mudarib may invest or disinvest, at its mentioned in Schedule of Charges, unless exempted by
sole discretion, monies/funds received by it from the Law, SBP/other regulatory bodies.
customers in any of the businesses of the Bank as it deems 12) Withdrawals shall only be made through cheque forms
fit with the approval of the Resident Shariah Board and debit cards supplied by the Bank. Cheques and other
Member (RSBM)/Shariah Supervisory Board (SSB) of payment instructions are to be signed as per specimen
Meezan Bank. Funds deposited by the customer with the signature supplied to the Bank and alterations therein are
Bank under Current Account of Meezan Asaan Account are to be authenticated by the Customer's signature.
to be on the basis of Qard and therefore shall be payable by 13) In case of joint account, the balance shall belong to the
the Bank upon demand. The Bank at its discretion may Customers jointly and they will jointly and severally be
utilize such funds as it deems fit. No profit shall be paid in liable for all liabilities incurred on the Account and the
Current Account. Services.
2) The Mudarib’s share in the profit shall be on the basis of a 14) In case of a Joint Account with ‘either or survivor
predetermined percentage of the distributable profit of operating instructions’ and in the event of the death of any
the Business, defined as Gross Income of the Pool minus of the Customers, the amount of deposit to the credit of
all direct cost/expenses incurred in deriving that income as such Account, at the time of the death in question shall
well as minus the Bank’s share as an investor. The belong to the survivors.
Mudarib Share may vary from time to time and can be 15) Any account remaining inoperative for one (1) year shall
obtained from the Bank upon request as well as available be designated as Dormant Account. Debit/Credit entry by
on the Bank’s website at www.meezanbank.com Bank generated transactions or by way of inward
3) The Bank may also participate in the Business at its option as remittances, clearing, cash deposits in such account shall
an investor sharing the profit in proportion to its equity not reactivate the Dormant Account. Withdrawals from
before distribution of profit between Rab-ul-Maal and such account shall be subject to the approval of the
Mudarib. All the Customers shall be assigned weightages relevant Branch Manager/Manager Operations or in
(profit distribution ratio for weighted average investment) accordance with the prevailing policies of the Bank. A
based on the features of the Account held by them, such as Customer can reactivate the Account by writing an
tenure, profit payment options and other applicable features application to the Bank as per the procedure/form
for the purposes of calculation of profit. The weightages provided by the Bank. In case an Account remains
applicable to the Account shall be announced three days inoperative for ten (10) years, the funds lying to the credit
before the beginning of every month and shall be available at of the Dormant Account shall be surrendered to the State
the Bank upon request and at the website of the Bank at Bank of Pakistan, in accordance with the applicable rules
www.meezanbank.com and shall not be changed during the and regulations.
month. All accounts are finalized at the end of the month by 16) If the Bank receives notice of demise of an individual
the Bank for calculation of profit or loss. Customer or becomes aware from any reliable source, the
4) Profit calculation shall be based on daily product basis Bank shall not be obliged to allow any operation or
(day end balance calculated with respective weightages withdrawal except on the production of evidence of title or
applicable). right to operate the Account, which the Bank considers
5) In the event of loss on either the capital or profit in respect sufficient.
of the business, all investor of the investment pool shall 17) The Bank may, at its sole discretion close the account
share in such loss on a pro rata basis. However, if loss has without disclosing the reason for closure. The credit
been incurred by the Business owing to gross negligence balance in the Customer Account will be sent through Pay
or willful default of the Bank, the Customers will not be Order on the last available customer’s address on the
liable to share in such loss. Bank’s records.
6) Redemption of any amount in the Savings Account by the 18) A customer can open only one Meezan Asaan Account
customer shall mean the transfer of its respective share in (Joint or Single).
the Business along with all related risks and rewards. 19) Cross border (outward) transactions are not allowed from
Upon receipt of the duly filled Account Opening Form Meezan Asaan Account, except permitted card based
and the requisite documentation and information international transactions.
required thereunder or otherwise by the Bank, the Bank 20) The Bank is also entitled to market its products and
may, at its sole discretion, open an account and/or agree to services to its existing Customers via the SMS, e-mails and
provide the Services to the Customer. other channels.
7) The Account can only be opened by the customer upon 21) The Customer acknowledges that SMS facility is
depositing the stipulated minimum initial deposit amount. dependent on the telecommunications infrastructure, the
8) The maximum monthly amount of debit and credit Customer accepts that timelines of Alerts sent by the Bank
balance limit in this account is Rs. 1,000,000 which is will depend on factors affecting the telecommunications.
subject to change as per SBP Regulations issued from Neither the Bank nor its Service Providers shall be liable
time to time and will be effective without any notice. Any for non-delivery or delayed delivery of alerts, error, loss,
transaction exceeding the monthly threshold of the distortion in transmission of and wrongful transmission of
maximum limit shall be refused. alerts to the Customer.
9) The Bank shall issue Account statements or make them 22) These terms and conditions may be revised or modified by
available through Internet Banking or Electronic Mail the Bank from time to time, subject to the laws of
(e-mail) to the Account holder semiannually or at such Pakistan, including all pertainent communication by the
other intervals as required by SBP. In case of any State Bank of Pakistan, provided that such laws do not
inconsistency/error in the statement the customer shall contradict the Islamic Shariah. In case of any
notify the Bank within 45 days, otherwise the same would contradiction, the rules of Islamic Shariah as per the
be considered correct and accepted by the Customer. directives of the RSBM/SSB of the Bank or the SSB of the
10) In case of an e-Statement, the Bank will not be held State Bank, in light of the IBD guidelines, will prevail. The
responsible for any misuse of the information so relayed, revised or modified terms will become effective upon 30
incomplete information, statement gets bounced back/ days of advance notice given to the customer. Such notice
could not be delivered due to any reason. shall be deemed to have been given if displayed at the
11) The Bank may, without any further express authorization counters of the Bank or posted on its website.

Customer Signature 1. 2.
Bank Copy

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.2 .1
Customer Copy

Meezan Asaan Account

Account Opening Form

Effective: Shawwal 1436/August 2015 For Bank Use Only

Customer No.
Date:
Account No.
The Manager ______________________ Branch, __________________________, Pakistan
IBAN
I/ We request you to open an account with Meezan Bank Limited as specified hereunder.
Account Type Savings Current
Nature of Account Individual Joint Minor Photo
Title of Account (in BLOCK letters)
Mailing Address
City Postal Code Existing MBL Customer(s) Yes No
Purpose of Account

Personal Information Applicant 1 Applicant 2

Full Name (as per CNIC)

Gender Male Female Male Female

Permanent Address (as per CNIC)
Residence Telephone
Mobile Number
Marital Status
Father’s Name
Mother's Maiden Name
Spouse Name
Date of Birth
Place of Birth
Religion
CNIC/Passport/NICOP/POC/ARC/Pension
book/B-Form/Birth Certificate/ School Card No.
(Tick the applicable choice)
Expiry Date (if applicable)
Average Monthly Income
Occupation/Profession
Name of Employer/Business
Employer/Business Address
Office Telephone
E-mail Address
Expected amount of Debit (Amount in figure) Credit (Amount in figure)
monthly transactions

Expected number of E-mail address

monthly transactions E-Statement Yes No
I/We hereby authorize the Bank to send me/us account statement at above mentioned
email address instead of dispatching hard copy of account statement through courier/mail.

Name of Next of Kin Contact No. Address

VISA Debit Card Yes No Gold Silver (VISA Debit Card Conditions Apply)

Name to appear on VISA Debit Card (max 20)

Zakat Applicable Yes No SMS Service Yes No Mobile No.

Operating Instructions Single Joint Either or Survivor Other
I/We hereby certify that all information herein is true and correct, including the contact information.

I/We hereby solemnly declare that the information regarding my/our source of income is complete and true.

I/We understand that the Bank may at its option, participate as an investor by commingling its funds & the
funds of other customers as well as amount deposited in current account, as and when required.

I/We declare and confirm that I/we have received and read and understood the Bank's Account
Opening Form with Terms and Conditions governing this account which have been signed by me/us in
acceptance thereof. I/We agree to observe and remain bound by the said Terms and Conditions and
any changes supplements or modifications thereto that may be made by the Bank from time to time.
Furthermore, I/we acknowledge having received a copy of this APPLICATION Form including these
Terms and Conditions with salient features in Urdu.

Customer Signature 1. 2. Bank Officer Signature

Customer Copy

Terms & Conditions:

1) In Savings Account, the relationship between the Bank from the Customer, debit any account of the Customer
and the customer shall be based on Mudarabah, where the maintained with the Bank for all expenses, fees,
Customer is the Rab ul Maal and the Bank is the Mudarib. commissions payable by the customer, including charges
The Bank as the Mudarib may invest or disinvest, at its mentioned in Schedule of Charges, unless exempted by
sole discretion, monies/funds received by it from the Law, SBP/other regulatory bodies.
customers in any of the businesses of the Bank as it deems 12) Withdrawals shall only be made through cheque forms
fit with the approval of the Resident Shariah Board and debit cards supplied by the Bank. Cheques and other
Member (RSBM)/Shariah Supervisory Board (SSB) of payment instructions are to be signed as per specimen
Meezan Bank. Funds deposited by the customer with the signature supplied to the Bank and alterations therein are
Bank under Current Account of Meezan Asaan Account are to be authenticated by the Customer's signature.
to be on the basis of Qard and therefore shall be payable by 13) In case of joint account, the balance shall belong to the
the Bank upon demand. The Bank at its discretion may Customers jointly and they will jointly and severally be
utilize such funds as it deems fit. No profit shall be paid in liable for all liabilities incurred on the Account and the
Current Account. Services.
2) The Mudarib’s share in the profit shall be on the basis of a 14) In case of a Joint Account with ‘either or survivor
predetermined percentage of the distributable profit of operating instructions’ and in the event of the death of any
the Business, defined as Gross Income of the Pool minus of the Customers, the amount of deposit to the credit of
all direct cost/expenses incurred in deriving that income as such Account, at the time of the death in question shall
well as minus the Bank’s share as an investor. The belong to the survivors.
Mudarib Share may vary from time to time and can be 15) Any account remaining inoperative for one (1) year shall
obtained from the Bank upon request as well as available be designated as Dormant Account. Debit/Credit entry by
on the Bank’s website at www.meezanbank.com Bank generated transactions or by way of inward
3) The Bank may also participate in the Business at its option as remittances, clearing, cash deposits in such account shall
an investor sharing the profit in proportion to its equity not reactivate the Dormant Account. Withdrawals from
before distribution of profit between Rab-ul-Maal and such account shall be subject to the approval of the
Mudarib. All the Customers shall be assigned weightages relevant Branch Manager/Manager Operations or in
(profit distribution ratio for weighted average investment) accordance with the prevailing policies of the Bank. A
based on the features of the Account held by them, such as Customer can reactivate the Account by writing an
tenure, profit payment options and other applicable features application to the Bank as per the procedure/form
for the purposes of calculation of profit. The weightages provided by the Bank. In case an Account remains
applicable to the Account shall be announced three days inoperative for ten (10) years, the funds lying to the credit
before the beginning of every month and shall be available at of the Dormant Account shall be surrendered to the State
the Bank upon request and at the website of the Bank at Bank of Pakistan, in accordance with the applicable rules
www.meezanbank.com and shall not be changed during the and regulations.
month. All accounts are finalized at the end of the month by 16) If the Bank receives notice of demise of an individual
the Bank for calculation of profit or loss. Customer or becomes aware from any reliable source, the
4) Profit calculation shall be based on daily product basis Bank shall not be obliged to allow any operation or
(day end balance calculated with respective weightages withdrawal except on the production of evidence of title or
applicable). right to operate the Account, which the Bank considers
5) In the event of loss on either the capital or profit in respect sufficient.
of the business, all investor of the investment pool shall 17) The Bank may, at its sole discretion close the account
share in such loss on a pro rata basis. However, if loss has without disclosing the reason for closure. The credit
been incurred by the Business owing to gross negligence balance in the Customer Account will be sent through Pay
or willful default of the Bank, the Customers will not be Order on the last available customer’s address on the
liable to share in such loss. Bank’s records.
6) Redemption of any amount in the Savings Account by the 18) A customer can open only one Meezan Asaan Account
customer shall mean the transfer of its respective share in (Joint or Single).
the Business along with all related risks and rewards. 19) Cross border (outward) transactions are not allowed from
Upon receipt of the duly filled Account Opening Form Meezan Asaan Account, except permitted card based
and the requisite documentation and information international transactions.
required thereunder or otherwise by the Bank, the Bank 20) The Bank is also entitled to market its products and
may, at its sole discretion, open an account and/or agree to services to its existing Customers via the SMS, e-mails and
provide the Services to the Customer. other channels.
7) The Account can only be opened by the customer upon 21) The Customer acknowledges that SMS facility is
depositing the stipulated minimum initial deposit amount. dependent on the telecommunications infrastructure, the
8) The maximum monthly amount of debit and credit Customer accepts that timelines of Alerts sent by the Bank
balance limit in this account is Rs. 1,000,000 which is will depend on factors affecting the telecommunications.
subject to change as per SBP Regulations issued from Neither the Bank nor its Service Providers shall be liable
time to time and will be effective without any notice. Any for non-delivery or delayed delivery of alerts, error, loss,
transaction exceeding the monthly threshold of the distortion in transmission of and wrongful transmission of
maximum limit shall be refused. alerts to the Customer.
9) The Bank shall issue Account statements or make them 22) These terms and conditions may be revised or modified by
available through Internet Banking or Electronic Mail the Bank from time to time, subject to the laws of
(e-mail) to the Account holder semiannually or at such Pakistan, including all pertainent communication by the
other intervals as required by SBP. In case of any State Bank of Pakistan, provided that such laws do not
inconsistency/error in the statement the customer shall contradict the Islamic Shariah. In case of any
notify the Bank within 45 days, otherwise the same would contradiction, the rules of Islamic Shariah as per the
be considered correct and accepted by the Customer. directives of the RSBM/SSB of the Bank or the SSB of the
10) In case of an e-Statement, the Bank will not be held State Bank, in light of the IBD guidelines, will prevail. The
responsible for any misuse of the information so relayed, revised or modified terms will become effective upon 30
incomplete information, statement gets bounced back/ days of advance notice given to the customer. Such notice
could not be delivered due to any reason. shall be deemed to have been given if displayed at the
11) The Bank may, without any further express authorization counters of the Bank or posted on its website.

Customer Signature 1. 2.
Customer Copy

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.2 .1
Please sign within the box provided.

Singly Jointly Other (Please specify)

FOR BANK USE ONLY

Initial Deposit Deposit Slip No./Detail of Cheque

Personal Banking Officer (Name & Signature) Date

Input by (Name & Signature) Date

Authorized by (Name & Signature) Date

Operations Manager (Name & Signature) Date

Branch Manager (Name & Signature) Date

It is confirmed that the name of applicant(s) / entity is searched and not found in SDN/OFAC/UNSCR / NAB / Banned list.
BM’s Signature

BM’s Remarks (if any)

Staff undertaking in case of Account Opening facilitation at customer premises

I, hereby undertake that I have fulfilled all Account Opening requirements of the Meezan Asaan Account
and have personally met the customer in person.

Name and Signature of Bank Officer