ISLAMIC

BANKING AND
FINANCE

Presented by

Talha Ahmed (1765-2020)

Talha Ahmed Siddiqui (1149-2020)

Muneeba (280-2020)
 Agenda

• Business Overview

• Introduction

• Islamic Home-Financing Products

• Key Principles Associated with Home Financing Products

• Eligibility Criteria

• FAQ's

Meezan Bank Limited 2

Business Overview

At FinTech Solution Hub, we are more than just a 1. Website Development

software house; we are architects of 2. Lead Generation
transformation, designing and implementing
3. Graphics Designing
solutions that empower businesses to thrive in the
digital era. Our commitment to excellence is 4. Accountancy Service
refl ected in the diverse range of services we off er:

3
Mission
“At FinTech Solution Hub, our mission is to be your
trusted par tner in the digital world,
delivering creative, effi cient, and eff ective solutions
that set your business on the path to
prosperity. We strive to redefi ne success by
providing top-tier digital ser vices, empowering your
online presence, and fostering growth through
innovation, effi ciency, and excellence.”
Financial Overview
F i n Te c h S o l u t i o n H u b b o a s t s a
r o b u s t fi n a n c i a l f o u n d a t i o n , w i t h
a consistent monthly turnover of
R s 1 m i l l i o n . O u r fi n a n c i a l
stability is a testament to our
c o m m i t m e n t t o d e l i v e r i n g va l u e
to our clients and sustaining
long-term partnerships.
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Introduction
• Meezan Bank, Pakistan's largest Islamic bank, was
established in 2002 and is publicly listed with a paid-up
capital of Rs17.91 billion.

• It operates under strict Shariah principles and has a vast

network of over 900 branches across 300 cities in Pakistan.

• The bank offers a comprehensive range of Islamic banking

products and services, supported by a modern banking system
and 24/7 services, including ATMs, debit cards, and online
banking.

• Meezan Bank is also consistently awarded as the 'Best

Islamic Bank in Pakistan' by various local and international
institutions.
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Meezan Bank Limited
Islamic Home
Financing Products
• Meezan Bank offers Islamic Home
Financing products based on the
principles of Musharakah.

• The primary product involves a

partnership between the bank and the
customer, where the customer provides
30% of the payment, and the bank
contributes the remaining 70%.

• Unlike conventional house loans, it

involves joint ownership, not a loan.
Home Financing Products

• Easy buyer
• Easy build
• Easy Renovate
• Easy Replace
• Easy Enhancement

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Key Principles of Islamic Finance That Apply to Home Financing

The key principles applied by Meezan Bank in Islamic Home Financing include
Musharaka, a form of partnership where both the bank and the customer contribute to
the purchase of the property. This aligns with Islamic finance principles, ensuring
shared risk and reward.

• Highest financing amounts.

• Maximum finance against property value.
• Flexible to make Partial Pre-payments.
• Shariah complaint Life Takaful facility.
• Affordable Installments and regular reducing monthly rental.

Meezan Bank Limited 8

Documents Required To Apply For Financing
Personal Information
• Copy of Applicant's CNIC
• 2 latest passport-sized colored Photographs of Applicant
• Copy of last paid Utility Bills
• Copy of CNICs of legal heirs
• Copy of professional Degree

Income Information
For Salaried Individuals:
• Employment Certificate including salary
• Date of joining & present designation
• Salary A/c Bank statement of salary account for the - last 12 months
• Previous employment proof

Meezan Bank Limited 9

Documents Required To Apply For Financing​
For Businessman and / Self Employed / Professionals:
• 3 years proof of business (e.g. Tax Return / Bank Certificate)
• Copy of NTN Certificate & last three years tax returns
• Copy of Partnership deed (In-case of Partnership)
• Professional Association Membership Certificate / Practice License

Meezan Bank Limited 10

 Eligibility Criteria for Home Financing

Citizenship
• Pakistani national (Resident or Non Resident) according to policy.

Age:
• Minimum 25 years & maximum 65* years at financing maturity

Customer/Applicant
• Primary (or Single) & Co-applicant allowed.
• Co-applicant must be an immediate family member.

Income
Salaried:
• Minimum Gross Income of PKR 40,000 per month.
• 100% Co-applicant income may be clubbed in case of spouse only

Meezan Bank Limited 11

 Eligibility Criteria for Home Financing

Self-Employed / Business Person:

• Minimum Gross Income of PKR 75,000 per month.

Employment Tenure
Salaried:
• Permanent job with a minimum 2 years continuous work history in the same industry /
field.

Self-Employed / Business Person

• Minimum 3 years in current business / industry.

Meezan Bank Limited 12

 FAQ's
• What will happen to the property if the customer
dies within the financing period?

• Can you clarify any potential hidden costs or

additional charges?

• Are there any penalties for late payments or

defaults?

• What is the process for property valuation and

legal documentation?

Presentation Title 13
THANK YOU

Submitted To
Miss Ashma Nisar

Presentation Title 14