Meezan bank Islamic investment

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T

THE GAME

Intermediate
Aug 9, 2008
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Assalam o alikum

I heard about meezan bank islamic investment
Is halal ,does anyone have invested in meezan bank ,what are their thoughts, what is minimum investment required what profit rate they give annually ,are there any chances of loss is it risky
Please share your thoughts brothers,

Regards
 
Lord AvaLon

Lord AvaLon

Well-known member
Dec 31, 2010
1,106
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NeverLand
There are other banks as well, offering halal profit. You can inquire about the profit margins and products that the banks are offering via their numbers listed on websites.
There is a lot of literature about Islamic banking available, sift through to get an idea of what actually they are doing. In short, the conventional banking system in a country governed by state Bank leaves much to be desired but efforts are still underway to make it truly an interest free model. Even fatawa from well known scholars are available if you want to have peace of mind.
Having said that, I will advise against investing in the bank products. I find it unwise for anyone to open fixed term saving accounts rather than investing in property or business which always offer way higher profit margin.
All the best!
 
EternalBlizzard

EternalBlizzard

Lazy guy :s
Moderator
Oct 29, 2011
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Attractor Field Beta
Don't invest in banks as the other guy said. That said, imo, that islamic banking is just a label. My father has a saving account (Meezan) and invested in it told me they don't show all the losses and other things and it's just sometimes you get more, sometimes less. The profit rate is also very less, so it doesn't help you anyway. Anyway my advice would be to steer clear of these complex matters.

Better invest in a property or buy a small shop.
 
N

noodlelover

Talented
Apr 15, 2011
87
10
4
consider stock exchange investing also it is less painfull and quicker in generating profit or loss u can make a lots of money if u know how to do it.
 
T

THE GAME

Intermediate
Aug 9, 2008
122
0
21
karachi
Lord AvaLon said:
There are other banks as well, offering halal profit. You can inquire about the profit margins and products that the banks are offering via their numbers listed on websites.
There is a lot of literature about Islamic banking available, sift through to get an idea of what actually they are doing. In short, the conventional banking system in a country governed by state Bank leaves much to be desired but efforts are still underway to make it truly an interest free model. Even fatawa from well known scholars are available if you want to have peace of mind.
Having said that, I will advise against investing in the bank products. I find it unwise for anyone to open fixed term saving accounts rather than investing in property or business which always offer way higher profit margin.
All the best!
Click to expand...
I have little savings only less than half million so its not enough for any business or property so i thought of investing in meezan bank islamic investment
 
EternalBlizzard

EternalBlizzard

Lazy guy :s
Moderator
Oct 29, 2011
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Attractor Field Beta
THE GAME said:
I have little savings only less than half million so its not enough for any business or property so i thought of investing in meezan bank islamic investment
Click to expand...
You ain't gonna get much on that amount anyways. I remember my father getting a few thousand on amounts like 20 lac.

Even if you have around 3 lac, try saving a little more and getting a shop on rent and opening up a food shop or something like that. It's gonna work better Inshaa Allah.
 
T

THE GAME

Intermediate
Aug 9, 2008
122
0
21
karachi
EternalBlizzard said:
You ain't gonna get much on that amount anyways. I remember my father getting a few thousand on amounts like 20 lac.

Even if you have around 3 lac, try saving a little more and getting a shop on rent and opening up a food shop or something like that. It's gonna work better Inshaa Allah.
Click to expand...
Thanks bro i appreciate your advice
 
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