Mashreq Profit Rate Guide
What Mashreq advertises on its Islamic savings and current accounts, and where to check the live, official rate sheet.
- Up to 11.5% Savings
- 5% on Current Profit A/C
- Islamic & Conventional
- Islamic Savings (up to)
- 11.5% p.a.
- Islamic Current Profit (up to)
- 5% p.a.
- Payout Frequency
- Monthly options
- Minimum Balance for Profit
- None stated
- Conventional Savings
- Available (NEO Savings)
- Rate Sheet — Islamic
- Published PDF, mashreq.com/pk
- Rate Sheet — Conventional
- Published PDF, mashreq.com/pk
- Rates Subject To
- Change without prior notice
Last verified: 3 Sep 2026 — figures on this page can change; re-check against mashreq.com/en/pk before relying on them.
Mashreq advertises up to 11.5% p.a. on its Islamic Savings Account and up to 5% p.a. on its Islamic Current Profit Account — both "up to" figures calculated on daily closing balance and paid out monthly, not a flat guaranteed rate. This page separates that marketing figure from what's actually guaranteed, sourced from Mashreq's own announcements and app-store listings.
Advertised Rates
Islamic Savings Account
Mashreq's official app-store listing states customers can earn up to 11.5% profit on the Islamic Savings Account.
Islamic Current Profit Account
At Mashreq NEO's Pakistan launch, the bank described a market-first profit rate of up to 5% per annum on this Shari'ah-compliant current account.
NEO Savings Account (Conventional)
A non-Islamic savings variant is also offered, with competitive rates on the conventional side, per Mashreq's own product description.
Rate figures confirmed from Mashreq Pakistan's official App Store/Google Play listings and Mashreq's official Pakistan-launch press release.
Where the Real Numbers Live
"Up to" rates are typically tiered — the top rate usually applies to a specific balance band, and can change without notice. Mashreq publishes separate, regularly updated rate sheets for Islamic Banking and for conventional NEO accounts as downloadable PDFs directly from its official Pakistan transparency section (mashreq.com/en/pk/help/customer-care and the NEO product page). Always check the current PDF rate sheet — not a marketing headline — before deciding where to park your savings, since the advertised "up to" figure won't apply to every balance tier.
Profit Calculator: What Would You Actually Earn?
"Up to 11.5%" is easy to state and hard to picture. Since Mashreq calculates profit on your daily closing balance and pays it out monthly, here's what that actually works out to for a real balance — enter your own numbers below. This is an independent estimate built by PakFinHub, not a Mashreq tool, and it uses the simplified formula the bank itself describes (daily balance × annual rate ÷ 365, summed over the month).
Illustrative estimate only — not a Mashreq quotation. Assumes your balance stays constant all month and the top advertised rate applies to your full balance, which may not be true at every balance tier. Profit rates are "up to" figures that change monthly — always confirm the current declared rate against Mashreq's official rate sheet before making a decision.
Islamic vs. Conventional Profit
Because Mashreq is Islamic-first, its Shari'ah-compliant accounts use profit-and-loss-sharing structures rather than fixed interest, meaning the payout is technically a profit share rather than guaranteed interest, even where the advertised rate looks similar in form to a conventional bank's savings rate. The conventional NEO Savings Account, by contrast, uses a standard interest-based structure. Both variants exist side by side so customers can choose based on their own preference.
How to Verify the Latest Information
Banking facts change — new fee schedules, updated rates, or a revised contact number can all go live between our reviews. Before relying on anything above for a real transaction, cross-check it against Mashreq's official rate sheet, the primary source this page draws from.
FAQs
What is Mashreq's highest advertised savings rate?
Mashreq's official app listings advertise up to 11.5% profit on its Islamic Savings Account, though the top rate typically applies to specific balance tiers.
Does Mashreq's current account pay profit?
Yes — the Islamic Current Profit Account was launched with a stated profit rate of up to 5% per annum, which Mashreq describes as market-first for a current account in Pakistan.
Where can I check Mashreq's current, exact rates?
Download the latest Islamic Banking or conventional NEO rate sheet PDF from Mashreq's official Pakistan website, since 'up to' figures are tiered and can change.
How much would I actually earn on a Mashreq Islamic Savings Account?
At the advertised 11.5% rate, a PKR 300,000 balance would earn roughly PKR 2,875 in a month (about PKR 34,500 a year), assuming the top rate applies to your full balance and it stays constant. Use the calculator on this page to estimate your own balance.
Good For
- Comparing Mashreq's advertised savings and current account rates
- Understanding the difference between Islamic profit-sharing and conventional interest
- Knowing where to find the live, official rate sheet rather than a marketing number
- Deciding between the Islamic and conventional NEO savings variants
Check today's exact rate
Download Mashreq's current rate sheet PDF before opening a savings account.
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More on Mashreq
Bank Overview
Ownership, licensing, and key facts.
Account Opening
Every NEO account type and how to open one.
Mashreq NEO App
Mobile app features and account opening.
Near Me (Locations)
Head office and partner cash points.
ATM Network
Free withdrawals and partner ATM access.
Cards & Discounts
Debit cards and cashback offers.
Careers
How Mashreq Pakistan hires.
Helpline & Complaints
Contact numbers and escalation path.
SWIFT Code & IBAN
MSHQPKKKXXX and IBAN generation.
Security & Fraud
How Mashreq protects deposits and accounts.
Support Hours
When Mashreq's app and support desk are available.
Bank Profile (Quick Reference)
One-page snapshot of key stats and contacts.
Financial Results
FY2025 audited results and Q1 2026 update.
Latest News
Partnerships, product launches, and announcements.
For independent verification, see State Bank of Pakistan, Mashreq Pakistan, Banking Mohtasib Pakistan.