MCB Islamic Bank LTD is a Pakistani private Islamic Bank formed in 2015, the bank is a subsidiary of Muslim Commercial Bank with its headquarters in Lahore. Currently, the bank has a total of 166 branches in Pakistan.
MCB Islamic Bank also provides internet banking services to its customers, some of which are mentioned below:
Let’s look at 3 different types of account you can open at MCB Islamic Bank LTD:
There are 2 types of people who can apply for a current account at MCB Islamic Bank LTD:
Salaried individual:
To apply for a current account at MCB Islamic Bank LTD, you need to collect the following documents:
Business owner:
Collect and submit the following documents to the bank if you want to open a current account at MCB Islamic Bank LTD:
After you’ve submitted these documents, you’d also need to pay a minimum fee of 1000 PKR for account opening while no minimum balance is required for account maintenance.
There are 2 types of people who can apply for a savings account at MCB Islamic Bank LTD:
Salaried individual:
To apply for a savings account at MCB Islamic Bank LTD, you need to collect the following documents:
Business owner:
Collect and submit the following documents to the bank if you want to open a savings account at MCB Islamic Bank LTD:
After submitting these documents you’d also need to pay a minimum fee of 1000 PKR for account opening while no minimum balance is required for account maintenance.
MCB Islamic Bank Barkat Saving Premium account has an interest rate (AER) of up to 6.48%.
This interest rate and account opening fee are for the MIB Barkat Saving Premium account, for other types of accounts visit this page.
Open an Asaan Account if you’re not the type of person to get indulged in the formalities of providing documents for account opening. With Asaan account, the only document required is the individual’s CNIC and 100 PKR as account opening fee.
In total these are the accounts you can open at MCB Islamic Bank Limited, so if you feel interested, visit your nearest MCB Islamic Bank LTD branch to apply.
Not convinced? Here is a complete list of all Pakistani banks where you can open your accounts:
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