Corporate Social Responsibility

Being Islamic Banking Institution, MCB Islamic Bank (the Bank) has a well-defined charity policy in place. This policy makes sure that charity (as Nazar Allah) collected from the customers against their over dues is disbursed to the charitable institutions under Shari’ah Board supervision. There is a systematic method followed by the bank to enlist charitable institutions in whose favor charity is disbursed.

Under this policy Bank also makes sure that income from any unintentional or inadvertent non-Shari’ah compliant transactions is also transferred to charity fund. Besides, Bank strongly believes to be a socially responsible organization and makes charity out of its own income as well for various charitable purposes as and when deemed necessary. This is also done by following a transparent method.