MCB Islamic Aasoodgi Saving Account

A Shariah compliant chequing saving account for individuals who are 60 years and above, widows (irrespective of age), and differently abled persons (irrespective of age) with below described features.

Benefits / Features
  • Free Issuance of First Debit Card (any variant except UPI Platinum).
  • Free Issuance of First Cheque Book (maximum 100 leaves).
  • Higher profit for higher deposits.
  • Profit is calculated on daily end balances and paid monthly.
  • Unlimited Deposits & withdrawals.
  • Free e-statements, Internet Banking & Mobile App.
  • No Initial Deposit Requirement
  • No Minimum Balance Requirement.
Other Facilities:
  • Banker’s Cheque
  • SMS Alerts
  • Phone Banking (24/7 Call Centre)
Nature of Product

MCB Islamic Aasoodgi Saving Account is a 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 products and 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. 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.

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 Aasoodgi Saving Account

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 and Zakat are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing.

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