Meezan bank Islamic investment

[THE GAME]

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

 

[THE GAME]

Anyone

 

[Lord AvaLon]

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]

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.

 

[noodlelover]

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.

 

[THE GAME]

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!

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]

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

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.

 

[THE GAME]

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.

Thanks bro i appreciate your advice