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AlHuda CIBE

Meezan Bank Limited

 

Asset and Financing of Islamic Banking in Pakistan

 

Product Name

Mode

Type of Product

Basis for Pricing

Tenors

Target Customers

Car Ijara

Ijara

Consumer

Fixed rate for different tenures

3 to 5 years

Salaried Individuals, Self-employed Professionals

Easy Home

 

Diminishing Musharaka

Easy Buyer, Easy Builder, Easy Renovate, Easy Replace

KIBOR(90 days average of 12-month KIBOR)

In case of Buyer, Builder, Replacement 3-20 Years In case of Renovation 2-7 Years

Salaried Individuals, Self-employed Professionals, Business Individuals

Short Term Financing

Murabaha

Corporate/SME

KIBOR Based/Risk Rating/Bank's Liquidity Position

7 days to
1 Year

Corporate

Islamic Export Refinance Scheme (IERS)

Murabaha

Corporate/SME

SBP Rate

30 - 180 days

Corporate

Long Term Financing

Ijara / Diminishing Musharaka

Corporate/SME

KIBOR Based/Risk Rating/Bank's Liquidity Position

1 - 5 Years

Corporate

Bill Purchase (Usance)

Murabaha

Corporate/SME

Prevailing Market Rate

15 - 180 Days

 

Bill Purchase (Sight)

Salam

Corporate/SME

Prevailing Market Rate

2 - 30 Days

Corporate

Meezan Tijarah

Agency & Sale

Financing for Corporate/ SME/Commercial

Market driven and customer's credit profile

upto 1 year

Corporate /SME/Commercial

 
Liability Side Products
 

Product Name

Mode

Type of Product

Tenors

Profit Calculation

Target Customers

Current Account

Qard

Current(Checking)

Checking

No

businessmen, individuals

Saving Account

Mudaraba

Checking

Checking

Monthly

salaried persons, housewives and other individual customers

Karobari Munafa Account

Mudaraba

Saving

Checking

Monthly

High net worth individuals, business concerns

FCY Current Account

Qard

checking

NA

NA

All customers willing to open FCY current account

FCY Savings Account

Mudaraba

Checking

NA

monthly

Customers who prefer FCY checking Account

Dollars Mudaraba Certificate (FCY Term)

Mudaraba

Term Deposit

3 months - 3 years

Monthly

customers who prefer long term investment in USD with better returns

Certificate of Islamic Investment

Mudaraba

Term Deposit

3 months - 5 years

Monthly

Customers who wish to invest from short term to long term

Meezan Amdan Certificate

Mudaraba

Term Deposit

5 - 7 Years

Monthly

Customers who wish to invest for long term.

Meezan Providence Certificate

Mudaraba

Term Deposit

2 – 7 Years

6 monthly, maturity

Corporate / Pension funds

Monthly Mudarabah Certificate

Mudaraba

Term Deposit

1 Month

Monthly

Customers who have excess liquidity to invest for 1 month

Special Musharaka Certificate

Musharaka

Term Deposit

as per maturity

Maturity

Corporate /Financial Institutions.

Meezan Business Plus

Mudaraba

Current Account

N/A

Average Balance

Business Individuals & Corporate

 
 
Our Products

What we bring to you

Takaful Consultancy Wing

Takaful Consultancy Wing is a proactive service of AlHuda CIBE managed by a team of highly qualified and competent Takaful professionals.

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Sukuk Research Portal

Sukuk Research Portal is a unique platform, to access latest information on Sukuk. It provides the latest Sukuk news.

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CEIMF

Facilitates and strengthens the Islamic Microfinance Industry to create a sound economic and social growth.

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Halal Research Council

Halal Research Council (HRC) is working globally on Halal certification, Education, Trainings & publications.

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AlHuda Today

Towards the pursuance of our goal to promote Islamic banking and finance all over the globe, AlHuda CIBE is working diligently.

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True Banking Magazine

True Banking is a bi-monthly magazine, which mirrors the knowledge of Islamic finance & banking in all its activities.

Read more
our blog

Our latest news

testimonial

What our clients says?

Mr. Shafqaat AhmedCountry Head, AlBaraka Islamic Bank Limited - Pakistan

Alhuda CIBE offers trainings that are regular, and their quality is very good. There are only fewer organizations which are giving trainings of Islamic banking to young professionals that is much appreciable.

Abdul RaqibExecutive President, Bank Islami Bangladesh

I am really impressed and motivated to see AlHuda CIBE efforts towards development and promotion of Islamic Banking in Pakistan. It will be an honor for us if AlHuda organize such awareness activities in Bangladesh.

Governor.State Bank of Pakistan.

We hope that AlHuda CIBE effort for promotion of Islamic Banking through holding training programs and organizing seminars will continue for the benefit of Islamic the Banking Industry in Pakistan as well as aboard.

Pervaiz SaidPresident of Chief Executive Officer, Dawood Islamic Bank Ltd.

AlHuda has taken up the subject seriously and after due consideration, I feel that we should promote and encourage the people in his serious effort. In a way, AlHuda CIBE has shared our burden.

Prof. Dr. Khawaja Amjad SaeedPrincipal Hailey Collage of Banking and Finance, The Punjab University - Lahore

This is a great initiative to aware & educate the people and spread the message of Islam. ALHUDA is doing a very good job and we must be promote it.

Dr. Zubair UsmaniShariah Advisor, MCB Bank Limited

The achievements of Alhuda CIBE are wonderful. AlHuda should also introduce some courses to Islamic scholars so that they could have conventional banking trainings as well so that their knowledge of supervision should be two pronged in order to judge the both systems.

Mr. Muhammad Kamran ShahzadDeputy Governor, State Bank of Pakistan

I would once again applaud the efforts of Al Huda CIBE for arranging the Conference, Trainings and workshops and hope that Alhuda CIBE will be successful in meeting the objectives and contribute to further developments of Islamic banking in Pakistan and abroad.

Mr. Hasan Aziz BilgramiChief Executive Officer, BankIslami Pakistan Limited

I appreciated the effort of AlHuda CIBE to spread Islamic Banking Awareness and Education through Conferences, Magazines, Workshops and Trainings. I wish Alhuda CIBE may attain the sublime grandeur in fame and development.

Kazi Abdul MuktadirManaging Director, NIBAF-State Bank of Pakistan

Although AlHuda CIBE is our competitor but we love to support Alhuda CIBE as it facilitates people to learn various aspects of Islamic banking and finance. We will keep on helping each other for the promotion of banking and finance knowledge in Pakistan and all over the world.

Abdul Qadir FitratGovernor, Central Bank Afghanistan

I would like to thank AlHuda Centre of Islamic Banking and Economics to work for the first initiative towards spreding the knowledge of islamic banking and finance in Afghanistan.

Haji Abdul Malik KassimMinister for Religious Affairs Penag - Malaysia

Through signing MoU, with AlHuda CIBE & Halal Research Council (A subsidiary of AlHuda) we will work closely for the promotion on Halal industry in the world. It was a very significant moment.

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