Experience seamless banking with our Mudarabah-based Muntazim savings account. Enjoy the comfort of Halal returns while managing your day-to-day transactions with ease, all in accordance with Islamic principles.
If you’re seeking higher halal returns, the “Muntazim Plus” savings account is the perfect choice for you.
Account can be opened with as low as Rs.100/-
Attractive Halal returns
No minimum balance required
Unlimited transaction facility
Profit calculated on the average monthly balance with monthly/semi-annually payout options
On maintaining average balance of PKR 50,000 & above you can avail:
Free Cheque book
Free Pay Order
Free Duplicate Statement of accounts
Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges apply as per Faysal Islamic Banking Schedule of Charges (SOC).
Eligible Customers
Muntazim Savings Account: Low to Medium Net Worth Individuals
Muntazim Plus Savings Account: Medium to High-Net-Worth Individuals
Mudarabah:
Means a kind of partnership, where Faysal Islamic Banking is the “Mubarib” (manager of the funds) and the customer is the “Rabb-ul-Maal” (owner of funds). The bank as the Mudarib may invest or disinvest, at its sole discretion the customer’s deposits in Shariah complaint modes such as Ijarah, Murabaha, Musharakah, etc. The rate of profit on the deposit will be determined through a Shariah approved mechanism for calculation of weightages which will be announced at the beginning of each calendar month and shall be applicable for that month only. The depositors will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor.
Document Required
Individual Account
Salaried Person
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Attested copy of Certificate from the employer OR
Service Card OR
Recent Salary Slip
Self Employed
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Proof of earning OR
Source of income establishing business existence
Minor Account
Legible copy of form "B" OR
Birth Certificate OR
Student ID Card
Valid attested copy of Guardian Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
If the "Major" is not a legal guardian of "Minor", court order would be required
Business Account
Proprietorship
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Account opening requisition on business letter head along with stamp.
Copy of Sales Tax registration or NTN Certificate.
Certificate or proof of membership of trade bodies (where applicable) Registration certificate for registered concerns.
Any other documents (if required).
Partnership
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Account opening requisition on business letter head along with stamp.
Declaration of proprietorship on business letter head with stamp.
Copy of Sales Tax registration or NTN Certificate.
Certificate or proof of membership of trade bodies (where applicable) Registration certificate for registered concerns.
Partnership deed
Partnership resolution
Any other documents (if required).
Companies
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Account opening requisition on business letter head along with stamp.
Copy of Sales Tax registration or NTN Certificate.
Certificate or proof of membership of trade bodies (where applicable) Registration certificate for registered concerns.
