Question Summary:
I want to know about bank savings/investment, whether this profit is HALAL as Meezan bank claim.links are

Question Detail:

Asalam O Aliakum
I want to know about bank savings/investment, whether this profit is HALAL as Meezan bank claim.links are
http://www.meezanbank.com/pages.aspx?iPageId=91
http://www.meezanbank.com/pages.aspx?iPageID=50
 
Please confirm, is it Islamic way of investment or suggest any other way to invest money for halal profit.

Answer :

In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatuh
We cannot issue a ruling on the Shari'ah compliancy of savings/investment with Meezan Bank until studying the full details of their contracts and procedures. Unfortunately, their web site does not provide such details.
And Allah knows best
Wassalam
Ml. Asif Umar,
Student Darul Iftaa
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah