MCB Islamic Niswaan Accounts

MCB Islamic Niswaan Accounts has been exclusively designed for women from all segments of the society who are seeking Shari’ah compliant chequing accounts.

Benefits / Features
  • Can be offered to Individual & Sole Proprietor Females
  • Available in Pak rupees only
  • Can be opened as Current OR Saving
  • No minimum balance requirement
  • Joint account allowed, provided that the primary account holder is a female
  • Profit is calculated on monthly average balance basis and paid monthly (for saving variant only)
  • Unlimited Deposits & withdrawals
Initial Deposit

Rs.1,000/-

Online Banking

FREE

Acceptable Currency

PKR

Transaction Limit

Unlimited Deposits & Withdrawals

Other Facilities
  • Cheque Books
  • Banker’s Cheque
  • SMS Alerts
  • Internet Banking
  • Mobile App
  • Phone Banking (24/7 Call Centre))
Nature of Product

MCB Islamic Niswaan Current Account is based on the concept of “Qard” where the Customer is “lender” and the Bank is “borrower”. The amount deposited by Customer in this account shall remain payable by the Bank to the customer until paid. Bank may at its discretion use or employ such funds as it deems fit in approved Shari’ah Compliant avenues. This is non-remunerative chequing account where the bank is liable to pay your money back on demand without any additional charges.

MCB Islamic Niswaan Saving Account 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 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 for which 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.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 are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing Schedule of Charges (SOC).

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 Niswaan Accounts

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 are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing Schedule of Charges (SOC).

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