ACE Money Transfer
ACE Money Transfer
13 Oct 2026
If you're a Pakistani living abroad and want Shariah-compliant banking, investment access, and a convenient way to manage money back home, the Meezan Roshan Digital Account deserves your attention. This guide covers everything from eligibility and account opening to investments and how to fund your account using services like ACE Money Transfer (This is not financial or legal advice. Please consult a qualified professional).
Meezan Roshan Digital Account is Meezan Bank's Shariah-compliant version of the Roshan Digital Account, launched under the State Bank of Pakistan's Roshan Digital initiative in 2020. It allows non-resident Pakistanis and certain eligible individuals to open and operate a bank account in Pakistan entirely from abroad. The Meezan Roshan Account is free to open, and there is no minimum balance requirement.
Here are the main features at a glance:
Account opening is designed to be completed digitally
Meezan Roshan Digital Account can be held in 4 currencies: Pakistani rupees, USD, GBP, and EUR.
All products are structured on Islamic finance principles - no interest (riba), only Shariah-compliant profit sharing.
Meezan Roshan Digital Account offers Shariah compliant investment options including Naya Pakistan Certificates, mutual funds, and equity investments.
Account holders receive a debit card and cheque book for domestic transactions in Pakistan.
Funds can be remitted back from Pakistan without approval. This may provide overseas Pakistani with flexibility in managing and transferring their funds.
Digital services include mobile banking and a dedicated relationship management team to support customers across time zones.
Overseas Pakistanis can send money using ACE Money Transfer for fast, low-cost bank deposits directly into their Meezan Roshan Digital Accounts. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Eligibility is governed by State Bank of Pakistan rules and Meezan Bank's internal policies. Here's who qualifies:
Only non resident Pakistanis (NRPs) can open the account. Eligible NRPs must provide CNIC, NICOP, or passport along with proof of overseas residency.
Foreigners with a Pakistan Origin Card (POC) can apply. A POC is issued to foreign nationals of Pakistani origin, granting them certain rights in Pakistan.
Government employees posted abroad can open the account under specific federal government provisions.
Residents of Pakistan are not eligible for the account, except in narrow SBP-defined cases (e.g., resident Pakistanis with declared assets abroad who may qualify for limited account types).
Joint accounts are available - both holders must normally satisfy the non resident Pakistanis criteria. Common use cases include spouses living abroad or siblings working in the GCC region.
Disqualifiers include incomplete KYC data, expired documents, sanctions or AML restrictions, and attempting to fund the account with local Pakistani sources.
Meezan Roshan Digital Accounts can be opened in Pakistani rupees and major foreign currencies under SBP's Roshan Digital framework. Individuals can operate accounts in Pakistani rupees or major foreign currencies based on what suits their needs.
PKR accounts come in current (non-profit-bearing) and savings (profit-sharing) variants. PKR savings accounts use the Mudarabah structure with a 50:50 profit share between depositor and bank. Common uses: supporting family, paying utility bills, and funding local investments.
Foreign currency accounts may be available in USD, GBP, and EUR, subject to the bank’s current offerings. Holding funds in the same currency may reduce the need for conversion when making payments in that currency, but it does not eliminate all exchange rate risk. Converting funds into another currency may result in gains or losses due to rate fluctuations. Profit-sharing ratios vary by currency and may change, so check Meezan Bank’s current terms before relying on specific figures. Transfer delays and recipient-bank charges may also apply.
Current accounts are non-profit-bearing (Qard), while savings accounts participate in profit sharing based on Meezan's declared weightages and profit sharing ratios.
Real-time conversion between PKR and foreign currency is available within Meezan's digital channels at prevailing exchange rates, subject to SBP rules.
Joint accounts work for both PKR and foreign currency - both holders must meet non resident Pakistanis eligibility.
The account supports making payments for utilities and local transfers in Pakistan directly from the PKR account.
The account opening process is completely online, paperless, and accessible worldwide through Meezan Bank's Roshan Digital portal. Account confirmation is provided within 48 hours for individuals after complete submission.
Prepare documents - gather scanned copies of your CNIC/NICOP or passport, a recent photograph, proof of NRP status (visa, residence permit, or work permit), proof of income (salary slip, tax return, or employment letter), and proof of address abroad (utility bill or tenancy contract).
Complete the account opening form - visit Meezan's digital portal, fill in personal details, tax residency information (FATCA/CRS declarations), and select your preferred account type (PKR, foreign currency, or both). You need to upload digital copies of required documents during this step.
Digital verification - Meezan Bank performs online KYC and due diligence checks under SBP regulations. This may include email or phone verification. Incomplete or unclear documents can delay approval.
Approval timeline - most applications are processed within 24–48 working hours. Confirmation and account details arrive via email.
Initial funding - the account requires funding via foreign remittances from abroad. Funds can only be deposited from outside Pakistan through bank wire transfers, approved remittance operators, or platforms like ACE Money Transfer. Local cash deposits are not permitted.
KYC and anti-money laundering compliance are mandatory for every Roshan Digital Account under SBP and Meezan Bank policies. Here's what you'll need:
Identification: CNIC, NICOP, or valid Pakistani passport for NRPs. POC and foreign passport for Pakistan-origin foreign nationals.
Residency proof: valid visa, residence permit, work permit, or entry/exit stamps to verify non resident status.
Income and employment: recent salary slips, employer letter, tax returns, or business registration documents for self-employed customers.
Address verification: recent utility bill, bank statement, tenancy agreement, or government-issued document showing your foreign residential address.
Language requirements: documents should ideally be in English, Urdu, or Arabic. If issued in other languages, include a notarized or certified translation.
Shariah compliance: Meezan Bank structures all Roshan Digital Accounts and linked investments on Islamic finance contracts. Savings accounts operate under Mudarabah, current accounts under Qard - ensuring interest (riba) is avoided typically.
Funds are credited into Meezan Roshan Digital Accounts from outside Pakistan, in line with SBP's goal of channeling remittances and investment from overseas Pakistanis.
Main deposit routes: SWIFT wire transfers from foreign banks, international money transfer operators, and licensed online remittance platforms.
Using ACE Money Transfer: you can transfer money to your Meezan Roshan Digital Account by registering or logging into your ACE Money Transfer account. Choose Pakistan as the destination country and select bank deposit as the payout method. Enter accurate Meezan Bank account details, then pay using a debit card, credit card, or online bank transfer. Confirm the payment and track your transaction in real time using the reference tracking number provided. 'Rates and fees may vary. Visit acemoneytransfer.com for current rates.'
Available payout methods via ACE: Bank deposit is the route for Roshan Digital Accounts. For standard remittances to Pakistan, ACE also supports cash pickup at authorized branch locations and mobile wallet crediting - though these don't apply directly to Roshan Digital Accounts.
Costs and FX: transfer charges range from $5 to $9 for remittances, depending on the provider and corridor. Exchange rate margins vary, so compare total cost and delivery speed across providers before choosing. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Restrictions: Roshan Digital Accounts do not accept local cash deposits in Pakistan. Most inflows must originate from abroad or from permissible investment proceeds.
One major benefit of this account is access to a range of Shariah-compliant investment products:
Mutual funds: investment in shares and mutual funds is available through the account. Account holders can invest in Al Meezan's Islamic mutual funds (equity, money market, income, and asset allocation) with fully digital subscription and redemption.
Naya Pakistan Certificates: investments can be made in Naya Pakistan Certificates (Islamic version) in PKR, USD, GBP, and EUR, with tenors from 3 months to 5 years. These are sovereign instruments issued by the Government of Pakistan; this describes the issuer and does not imply protection against every investment risk. Islamic certificates use a Mudarabah structure, with profit based on the performance of the relevant pool.
Property and lifestyle: funds can be invested in Pakistani property markets through the account via Roshan Apna Ghar. Roshan Apni Car (vehicle financing) and Roshan Samaaji Khidmat (charity) are also available.
Redemption: digital redemption and fund-switch instructions are processed through Meezan's online platform, with proceeds credited back to your Roshan Digital Account.
Risk awareness: the account allows investment in both conventional and Shariah compliant options. Mutual funds carry market risk - review historical profit rates and weightages before committing.
Investment products may have additional fees including management charges, early encashment penalties, or transaction costs outlined in their offering documents.
The Meezan Roshan Account is free to open, and there is no minimum balance requirement. Detailed charges and profit rates are published in Meezan's official Schedule of Charges and profit rate circulars.
Account maintenance: no account opening fee and no minimum balance. Certain value-added services may carry charges.
Profit sharing: savings account profits are distributed based on declared weightages and profit sharing ratios, updated periodically. Download the latest document from Meezan's website.
Debit card and cheque book: charges may apply for debit cards and cheque books - the first debit card year is typically free for funded PKR accounts, with annual fees applying afterwards.
Investment fees: mutual funds, Naya Pakistan Certificates, and financing products have their own fee schedules. Review offering documents before investing.
Profit rate updates: Meezan Bank and SBP periodically update declared profit rates. Serious investors should check these announcements regularly to manage returns.
Meezan Roshan Digital Account provides access to Meezan Bank's digital banking services, subject to the features available for the account.
Digital channels: account holders can use Meezan Internet Banking and the mobile app to view balances, download statements, pay utility bills, school fees, Zakat, and donations, and execute local fund transfers via IBFT and Raast in Pakistani rupees.
Debit card and cheque book: eligible account holders can request these for ATM withdrawals and POS transactions within Pakistan, subject to Meezan and SBP policies. International courier delivery is available for a fee.
Customer support: Meezan provides phone banking, dedicated Roshan Digital email support, online chat, and in-app assistance. Specialized teams support overseas Pakistanis across time zones.
Tax and repatriation: Profit on RDA deposits is tax-exempt for NRPs. A 10% withholding tax applies to Naya Pakistan Certificate profits as full and final tax. Funds can be fully repatriated without prior regulatory approval. Account holders are exempt from Zakat deductions on their balances.
Security: Meezan follows SBP cybersecurity standards with secure encryption, multi-factor authentication, and transaction alerts to protect account holders transacting across borders.
Overseas Pakistanis can explore the Meezan Roshan Digital Account for Shariah-compliant banking services, eligible investment options, and ways to manage financial activities in Pakistan. Visit Meezan Bank’s official Roshan Digital Account portal for details on eligibility and account opening. ACE Money Transfer may be an option for funding your account, subject to service availability and applicable requirements. Rates, fees, and transfer times may vary. Visit acemoneytransfer.com for current rates.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
