Meezan Bank offers a fully Shariah-compliant personal financing option known as “Meezan Bank Personal Finance”. It is based on Musawamah / Murabaha Islamic principles, making it a halal alternative for people who want financing without interest-based loans.
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What is Meezan Bank Islamic Personal Finance?
Meezan Bank Personal Finance allows customers to purchase goods, services, or meet personal needs in a halal way. Instead of giving cash directly, the bank purchases an item for you and sells it to you on easy monthly installments.
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Key Features
- 100% interest-free (Riba-free) financing
- Based on Islamic modes like Musawamah & Murabaha
- Financing limit: Up to PKR 3 million (depending on income & profile)
- Tenure: 1 to 5 years
- Easy monthly installments
- Salary transfer not compulsory
- Quick approval process
- Minimum documentation
- Available for both salaried and self-employed individuals
Eligibility Criteria for the Meezan Bank Islamic Loan Pakistan
You can apply if you meet the following conditions:
For Salaried Individuals
- Pakistani citizen
- Minimum age: 21 years
- Maximum age at maturity: 60 years
- Minimum monthly salary: PKR 40,000
- Permanent job or 2-year employment history
For Self-Employed Individuals
- Age limit: 21 to 65 years
- Minimum business experience: 2 years
- Stable and verifiable income source.
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Required Documents
- CNIC
- Two passport-size photographs
- Salary slip or business proof
- Bank statement (last 6 months)
- Proof of residence
- Employer’s letter (for salaried applicants)
How to Apply for Meezan Bank Islamic Personal Loan?
You can apply directly through Meezan Bank’s personal finance page:
Meezan Bank Personal Finance Apply Page:
https://www.meezanbank.com/personal-finance/
After submitting the form, the bank will contact you for verification and guide you through the process.
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Final Thoughts
Meezan Bank’s Islamic Personal Finance is one of Pakistan’s most popular halal financing solutions. It is ideal for people who want flexible installment plans without engaging in interest-based loans. With fast processing, easy requirements, and Shariah compliance, it’s a reliable choice for personal financing needs.
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