A Mashreq NEO Islamic Current Account is a non-profit bearing account based on the Shari’ah principles of Qard. It is ideal for individuals who require frequent transactions without earning a profit on their balance.
Mashreq NEO Islamic Current Account is a Shari’ah compliant account that operates on the principles of Qard, meaning:
Your money is kept safe without earning or paying interest
You can deposit and withdraw funds anytime without restrictions
You get free withdrawals from any ATM across Pakistan
You receive free digital transfers and bill payments with access to debit card and Mashreq Mobile App
No, there is no monthly maintenance fee. However, standard charges may apply for specific services as outlined in our Schedule of Charges.
Debit cards can be requested via the Mashreq Mobile App. Cheque books are currently under development and will be available soon.