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Career Opportunities in Islamic Banking
This is a career-oriented permanent position in the branch operations team for fresh / experienced individuals with clearly defined learning and career paths...
List of Branches functional on Saturday
Meezan Bank Limited announces the list of branches available for customers on Saturday...
Meezan Bank records good growth in first quarter 2013Dubai, April 30, 2013
Meezan Bank recorded 9% growth in its Profit-after-tax which increased to Rs. 982 million compared to Rs. 903 million earned in the corresponding period of 2012. The Earnings per Share of the Bank increased to Rs. 0.98 (March 2012: Rs. 0.90) on the enhanced share capital of Rs. 10 billion. Deposits of the Bank grew to Rs. 235 billion as at March 31, 2013 (Dec 2012: Rs 230 billion)
Meezan Bank awarded ‘Best Islamic Bank in Pakistan’ by Asiamoney, Hong Kong
Meezan Bank, Pakistan’s first and largest Islamic Bank has been awarded ‘Best Islamic Bank in Pakistan’ for 2012 by Asiamoney magazine, Hong Kong. This is the third time Meezan Bank has been recognized by Asiamoney for its excellence in Islamic Banking, with previous awards received for 2009 and 2011....
Meezan Bank recognized for the 'Best Deals of the Year - 2012'
Meezan Bank has been awarded ' Pakistan Deal of the Year ' and 'Musharakah Deal of the Year' for 2012 by Islamic Finance News of REDmoney Group, Malaysia. The Islamic Finance News (IFN) Awards honor the best in the Islamic financial industry and is one of the most prestigious and recognized awards in the global Islamic financial markets...
Pakistan’s first Agent network sharing MOU signed between Meezan Bank, Monet and Warid TelecomMay 3, 2013
Karachi, Pakistan: Meezan Bank, Pakistan's leading Islamic Bank, announced plans to launch Branchless Banking services in Pakistan very soon. Towards this end Meezan has signed a Memorandum of Understanding with Monet and Warid Telecom as partners for the rollout ofthis exciting and important new initiative that will allow people who do not have access to financial services (85% of Pakistan’s population) to avail Islamic banking services.Through this memorandum, Meezan Bank has joined Bank Alflah and Warid Telecom as founding member to create Mobile Money Network which would be subject to SBP approvals under the branchless banking regulations...
Meezan Bank signs MoU with Journal of Islamic Banking and Finance for research on Islamic FinanceMarch 18, 2013
Meezan Bank has signed an MoU with the Journal of Islamic Banking and Finance (JIBF), one of the oldest Islamic finance research publications of Pakistan (1984), under which Meezan Bank will contribute its research and articles on Islamic Banking & Finance to JIBF for publication...
Attention: Core Banking System Upgrade
We are pleased to inform our customers that on 24th March 2013, we will Insha’Allah be switching over to the new hardware for our core banking system. During the hardware switching process, a service outage will be faced by all debit / ATM card and internet banking users from 9:00 pm, 22nd March, till 9:00 pm, 23rd March, 2013...
Meezan Bank selects PTCL for its Data Center Services!January 7, 2013
Meezan Bank Ltd. and Pakistan Telecommunication Company Ltd. (PTCL), Pakistan’s largest telecommunication service provider have signed an agreement under which PTCL will provide Data Center Services to Meezan Bank for its Disaster Recovery Data Center (DRDC). Meezan Bank's DRDC covers the Bank's branch banking operations of an extensive network of over 300 branches in 90 cities of the county. This service provided by PTCL, will be deployed within PTCL’s Data Center in Islamabad for ease of maintenance of the IT equipment racks...
Meezan Bank joins hands with PTCL to provide Internet connectivity packages for Laptop financing customersJanuary 08, 2013
Meezan Bank has joined hands with Pakistan Telecommunication Co. Ltd (PTCL) to provide Internet connectivity options to Meezan Bank’s customers as part of its Laptop Financing product - Laptop Ease...
All Meezan Bank branches will remain closed on Friday 09 November, 2012 on the occasion of Iqbal Day.5 November, 2012
As per State Bank of Pakistan's circular number 25 of 2012, dated 05 November 2012, all Meezan Bank branches will remain closed on Friday 09 November, 2012 on the occasion of Iqbal Day.
Notice of Extraordinary General Meeting
Notice is hereby given that an Extraordinary General Meeting of the Members of Meezan Bank Limited will be held Insha-Allah on Friday, November 16, 2012 at 9:30 a.m. at Meezan House...
Karachi, Pakistan –A delegation of officials from 22 countries recently visited Meezan House to gain an in-depth understanding of Islamic Banking and Meezan Bank’s products and services in Pakistan...the delegates appreciated the structure and effective operations which have brought Meezan Bank to the position of having the 9th largest branch network in Pakistan and the fastest growing Bank in the country.
We are pleased to inform our valued shareholders that 12.5% Bonus Shares in the proportion of 12.5% ordinary shares for every 100 ordinary shares held of Rs. 10/- each for the year ended December 31, 2011, approved at the 16th Annual General Meeting of the Bank held on March 29, 2012, have been credited directly into sub accounts of the shareholders maintaining their shareholding in book entry form in the Central Depository Company of Pakistan Ltd.
Meezan Bank awarded ‘Best Islamic Bank in Pakistan’ by ASiAMONEYMarch 22, 2012
Meezan Bank has been awarded ‘Best Islamic Bank in Pakistan’ for 2011 by ASiAMONEY magazine, Hong Kong.
This award was presented after conducting an extensive research and analysis over the past 12 months of Islamic financial institutions in the main markets of Asia and the Gulf States. Meezan Bank was awarded the 'Best Islamic Bank' in Pakistan for its commitment to quality, customer satisfaction, innovation and reliability...
Meezan Bank Limited holds its 15th Annual General Meeting of the ShareholdersMarch 28, 2011
The 15th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 28, 2011 at Beach Luxury Hotel, Karachi.
Mr. Irfan Siddiqui (President and CEO) chaired the meeting that was attended by Mr. Ariful Islam (Chief Operating Officer), Mr.Shabbir Hamza Khandwala (Chief Financial Officer), Mr. Tasnimul Haq Farooqui (Company Secretary), Syed Najmul Hussain (Partner, External Auditors – KPMG Taseer Hadi & Co.) and other Shareholders of Meezan Bank Limited...
The Board of Directors of Meezan Bank Limited declared the financial results of the Bank for the third quarter ended 30th September, 2008
Dr. Imran Usmani addresses Meezan Bank’s Lahore staff at University of Central Punjab
Dr. Muhammad Imran Ashraf Usmani, renowned Shariah scholar and Shariah Advisor of Meezan Bank addressed Meezan Bank’s employees and senior faculty members of University of Central Punjab (UCP) at UCP Auditorium, Lahore today. Dr. Imran Usmani is a highly respected figure in the Islamic banking circles and has served as Advisor / member of Shariah Boards of numerous leading local and international institutions.
Meezan Bank conducts a workshop on Islamic banking for JournalistsApril 23, 2013
Meezan Bank conducted a workshop on Islamic banking for journalists of various leading Business and Finance periodicals.
Held at Meezan House, the head office of Meezan Bank, the workshop was part of the Bank's strategy towards spreading knowledge and developing an understanding of Islamic banking and finance in Pakistan...
Agreement to standardize FX and interbank Musharakah agreements amongst Banks at the Meezan Bank forum of Shariah scholars
Meezan Bank took the initiative of inviting senior Shariah scholars to a meeting to discuss the challenges in Islamic Treasury Operations. The meeting was held on 18th April 2013 at Meezan House, Meezan Bank’s Head Office, and was attended by several prominent Shariah scholars including Dr. Muhammad Imran Ashraf Usmani (Meezan Bank), Mufti Irshad Ahmed Ijaz (Bank Islami), Mufti Khalil Aazmi (Bank Alfalah), Mufti Zahid Siraj (Burj Bank), Mufti Najeeb Khan, Mufti Hasaan Kaleem, Mufti Ebrahim Essaa and Mufti Bilal Qazi (Meezan Bank) along with Product Development and Treasury professionals of all major Islamic banks and Islamic banking windows of conventional banks...
Meezan Bank's, President & CEO, Mr. Irfan Siddiqui speaks at South Asia Strategic Leadership Summit
Mr. Irfan Siddiqui, President and CEO of Meezan Bank, addressed the audience in a panel discussion at the South Asia Strategic Leadership Summit held at Pearl Continental Hotel – Karachi. The two-day summit featured presentations, keynote addresses and panel discussions by leaders from the business, media and academia on the theme 'Collaborating for Change'.
Meezan Bank Limited holds its 17th Annual General Meeting of the ShareholdersKarachi, 28 March, 2013
The 17th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 28, 2013 at its Head Office – Meezan House, Karachi.
Mr. Irfan Siddiqui (President & CEO) chaired the meeting that was attended by Mr. Ahmed Abdul Rahim Mohammed (Chairman, Audit Committee), Mr. Azfar Qarni representing Islamic Development Bank, Jeddah, Mr. Ariful Islam (Chief Operating Officer & Executive Director), Mr. Shabbir Hamza Khandwala (Chief Financial Officer), Mr. Tasnim-ul-Haq Farooqui (Company Secretary), Mr. Salman Hussain (Partner, External Auditors – A. F. Ferguson & Co.) and Shareholders of Meezan Bank Limited...
Meezan Bank Limited announces excellent results for 2012February 20, 2013
The Board of Directors’ of Meezan Bank Limited in its meeting held at Karachi on February 19, 2013 approved the financial statements of the Bank for the year ended December 31, 2012. The meeting was presided by H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board. Vice Chairman of the Board Mr Abdullateef A. Al-Asfour also attended the meeting...
Attention: Meezan Bank's Call Center is now accessible at 111-331-331 and 111-331-332
Meezan Bank is pleased announce that our 24/7 Call Center is now accessible through both 111-331-331 and 111-331-332. Our additional UAN is in line with our efforts to ensure that we provide uninterrupted banking services to our customers 24 hours a day, 7 days a week!
Attention Meezan Bank Customers
We wish to inform you that our 'Al Azam Super Highway Branch' is relocated and will be operational from Thursday, January 31, 2013...
Meezan Bank conducts trainings on Islamic Banking products for Amana Bank, Sri Lanka
Colombo, Sri Lanka –Meezan Bank conducted a comprehensive 3 day training on Islamic Banking products for the management team of Amana Bank, Sri Lanka. The training session held at the Amana Bank head office in Colombo, covered 24 products for financing, liability, treasury, trade finance as well as other Shariah-compliant products.
Meezan Bank disburses the first ever Islamic Agricultural Finance
Meezan Bank has become the first Islamic bank in Pakistan to provide Shariah-compliant Agricultural financing by extending a Shariah-compliant financing facility in the agriculturally rich Central region of Pakistan...
Meezan Bank supports TCF in its cause
Meezan Bank recently sponsored the 9th Annual Golf Tournament held at Karachi Golf Club, Karsaz. The tournament was organized by The Citizens Foundation (TCF) with the objective of raising funds for education of the under privileged children in Pakistan and to spread awareness about TCF and its mission...
Seminars by Meezan Bank on Islamic Banking
Meezan Bank limited has recently conducted a series of Public Awareness seminars on Islamic Banking in Okara, Sahiwal, Gujrat, Kamoki, Lahore and Raiwind...
Justice (R) Mufti Muhammad Taqi Usmani addresses Meezan Bank's staff of the North RegionThursday 15th November –2012
Renowned Islamic scholar and Chairman of the Shariah Supervisory Board of Meezan Bank, Justice (R) Mufti Muhammad Taqi Usmani addressed the staff of Meezan Bank recently at a staff gathering at Islamabad, highlighting the important Islamic values and Shariah guidelines on which Islamic Banking has been developed and promoted in Pakistan...
First Ever Air-time Sukuk in Pakistan approved by the Shariah Board of Meezan BankNovember 27th 2012
The 19th meeting of the Shariah Supervisory Board (SSB) of Meezan Bank was held at Darul Uloom Korangi, Karachi. The meeting was chaired by world-renowned Islamic scholar and Chairman of Meezan Bank’s Shariah Supervisory Board, Justice (R) Mufti Muhammad Taqi Usmani. Other members of the Shariah Board including Sheikh Essam M. Ishaq, who specially came from Bahrain for this meeting and Dr. Muhammad Imran Usmani...
Meezan Bank’s Profit-after-tax grows by 16%October 11, 2012
The Board of Directors of Meezan Bank, in its meeting held in Dubai, U.A.E on October 11, 2012 approved the financial statements of the Bank for the nine months ended September 30, 2012. The meeting was presided by H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board. The Vice Chairman of the Board Mr. Abdullateef A. Al-Asfour also attended the meeting.
Meezan Bank to provide laptop financing to teachers & employees of Karachi University via Meezan Laptop EaseOctober 08, 2012
Meezan Bank and Karachi University (KU) have signed a MOU under which Meezan Bank will provide Meezan Laptop Ease, a Shariah-compliant Laptop Finance facility, on DELL laptops to the teachers and employees of KU...
Meezan Bank’s Annual Report 2011 rated amongst the top Corporate Annual Reports by joint committee of ICAP & ICMAP
The joint committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost & Management Accountants of Pakistan (ICMAP) has awarded Meezan Bank’s Annual Report 2011 the prize of being the fourth best Corporate Report in the Banking Sector. The award was received by Mr. Shabbir Hamza Khandwala, CFO, Meezan Bank, at a ceremony held at Marriott, Karachi on October 8, 2012...
Meezan Bank and Pak Gulf Construction (Pvt) Ltd (PGCL) sign an MoU under which Meezan Bank will provide Islamic Home Finance
Meezan Bank and Pak Gulf Construction (Pvt) Ltd (PGCL) promoter and developer of The Centaurus ,iconic mixed use real estate project in Islamabad signed an MoU under which Meezan Bank will provide Islamic Home Finance for existing and new buyers of The Centaurus Residential apartments...
Interim Cash Dividend Dispatch of Dividend Warrant
We are pleased to inform our valued shareholders that the Dividend Warrants (D-6) for 15% interim dividend of Meezan Bank Limited for the year ending December 31, 2012 have been dispatched on September 06, 2012.
Islamic Finance News – Pakistan, Roadshow 2012
Supported by the State Bank of Pakistan, the Islamic Finance news Pakistan Roadshow 2012 will be held on Tuesday 4th September and will feature prominent players from around the world to share their knowledge and expertise within the Pakistani market...
Meezan Bank branches will remain closed on Tuesday, 14th of August, 2012 on the occasion of Pakistan's Independence Day.
As per State Bank of Pakistan's circular no 19 of 2012 dated August 09, 2012, all Meezan Bank branches will remain closed on Tuesday, 14th of August, 2012 on the occasion of Pakistan's Independence Day...
Meezan Bank Profit after Tax grows by 34%; declares interim cash dividend of 15%Karachi, August 12, 2012
The Board of Directors of Meezan Bank Limited, in its meeting held at Karachi on August 12, 2012 approved the half yearly financial statements of the Bank for the six months ended June 30, 2012. The meeting was presided by H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board. Vice Chairman of the BoardMr. Abdullateef A. Al-Asfour also attended the meeting.
Meezan Bank awarded ‘Islamic Bank of the Year’ by CFA Association of PakistanJuly 26, 2012
Meezan Bank has been awarded ‘Islamic Bank of the Year’ for 2012 by CFA Association of Pakistan (CFAAP) at its 9th Annual Excellence Awards held in Karachi...
Career Opportunities in Meezan Bank
Meezan Bank Limited is looking for fresh, dynamic and career oriented youngsters with a passion to serve Riba free banking for its Branch Banking team as Trainee Officers for Lahore Region including Sahiwal Only...
Afghan Bankers’ delegation identifies Meezan Bank as the leading Islamic Bank in Pakistan
A 16 member delegation of Afghanistan International Bank along with officials of State Bank of Pakistan recently visited Meezan Bank’s Head Office - Meezan House, to gain an in-depth understanding of Islamic Banking and Meezan Bank’s products and services in Pakistan...
Pension Disbursement Through All Bank Branches Under Supreme Court Directives
Meezan Bank receives multiple international awards by Asset Triple A – Hong KongJune 06, 2012
Meezan Bank – the leading and largest Islamic Bank of Pakistan, has been awarded Pakistan’s 'Best Islamic Bank’, ‘Best Islamic Retail Bank’ and ‘Best Islamic Trade Finance Bank’ by Asset Triple A Awards, Hong Kong. The Bank has also been awarded, ‘Best Islamic Deal – Pakistan’ as a Joint arranger for Pakistan Mobile Communications syndicated Islamic finance facility, and ‘Highly Commended Deal - Pakistan’ as the Lead adviser and arranger for the Kot Addu Power Company short-term sukuk.
Meezan Bank hosts an award ceremony for World of Betters global contest winner in Pakistan
Meezan Bank – Pakistan’s first and largest Islamic commercial bank acknowledged Mr. Athar Ali Khan for his winning the World of Betters global contest by Western Union...
Meezan Bank Car Ijarah holds Prize Distribution ceremony of Car Ijarah Road CaravanApril 23, 2012
Meezan Bank held the Prize Distribution ceremony of “Car Ijarah Road Caravan” at Arena, Karachi. This ceremony was in continuation of “Road Show 2011” and was attended by a large number of participants including car dealers, manufactures and allied business companies...
Meezan Bank assets crosses Rs. 205 billion landmark and records profit after tax of Rs. 903 million with EPS of Re 1 for the first quarter ended March 31, 2012Dubai, April 16, 2012
The Board of Directors’ of Meezan Bank Limited in its meeting held in Dubai on April 16, 2012 approved the quarterly financial statements of the Bank for the quarter ended March 31, 2012. The meeting was presided by H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board. The Vice Chairman of the Board Mr. Abdullateef A. Al-Asfour also attended the meeting...
Meezan Bank hosts Shariah Supervisory Council meeting of Amana Bank, Sri Lanka at Meezan HouseKarachi, Pakistan
Meezan Bank hosted the Shariah Supervisory Council meeting of Amana Bank, Sri Lanka at Meezan House – Meezan Bank’s Head office at Karachi. Supported by Meezan Bank’s Product Development & Shariah Compliance team, the board meeting was preceded by meetings discussing Meezan Bank’s products and services offered in Pakistan...
Meezan Bank establishes 276 branches in 83 cities across Pakistan
Meezan Bank opens up Light House Branch, Karachi to extend the branch network to 276 branches in 83 cities of Pakistan. Meezan Bank is the largest Islamic Bank in Pakistan in terms of branch network...
Trainee Cash Officers - Countrywide and Business Development Officers Required at Karachi, Lahore and Rawalpindi / Islamabad...
Meezan Bank to provide financing for ’Dell’ brand of Laptop ComputersMarch 01, 2012
Meezan Bank has joined hands with M/s. Unique Technologies for financing of “Dell” brand of laptop computers through Meezan Bank’s Laptop financing product, Laptop Ease...
Meezan Bank’s Assets cross Rs 200 billion and profitability doubles to Rs 3.4 billion, announces 12.5% bonus sharesFebruary 20, 2012
The Board of Directors of Meezan Bank Limited in its meeting held at Karachi on February 19, 2012 approved the financial statements of the Bank for the year ended December 31, 2011.
In a press conference held on February 20, 2012 the Chairman of the Board, H. E. Sheikh Ebrahim Bin Khalifa Al Khalifa said that Meezan Bank will be completing ten years of Islamic commercial banking operations this year
Meezan Bank awarded ‘Best Islamic Bank in Pakistan’
Meezan Bank has been awarded 'Best Islamic Bank in Pakistan' for 2011 by Islamic Finance News of REDmoney Group, Malaysia. The Islamic Finance News (IFN) Awards honor the best in the Islamic financial industry and is one of the most prestigious and recognized awards in the global Islamic financial markets. This is Meezan Bank's 7th consecutive award in this category - having won the award of Best Islamic Bank in Pakistan every year since 2005...
Meezan Bank arranges PKR 4.8 billion Syndicated Islamic Financing for DH Fertilizers Ltd. Karachi, January 9, 2012
Meezan Bank Ltd. arranged a PKR 4.8 billion syndicated Islamic Finance Facility for DH Fertilizers Limited. DH Fertilizers is amongst Pakistan’s leading fertilizer manufacturers and a wholly owned subsidiary of the Dawood Hercules Corporation, (formerly Dawood Hercules Chemicals Limited) one of the largest groups and trusted business names in Pakistan...
Meezan Bank holds its 18th Shariah Supervisory Board Meeting chaired by Justice (Retd.) Muhammad Taqi UsmaniKarachi, January 5, 2012
The 18th Shariah Supervisory Board meeting of Meezan Bank Limited was recently held at the Darul Uloom Korangi, Karachi. The meeting was chaired by Justice (Retd.) Muhammad Taqi Usmani; other members of the Shariah Board include Sheikh Essam M. Ishaq (Bahrain) and Dr. Muhammad Imran Usmani...
Meezan Bank to provide Long-Term Financing to Linde PakistanKarachi, 27 December, 2011
Meezan Bank Ltd. and Linde Pakistan Ltd. (formerly known as BOC Pakistan Limited) have entered into a Diminishing Musharakah Agreement for the setup of a new state-of-the-art Air Separation Plant and related supply chain equipment in Lahore by Linde Pakistan...
Profit payments on COIIs & other Term Deposits
We are pleased to inform our customers that effective 1st January 2012, monthly Profit on all Mudarabah based Savings Accounts and COIIs* is expected to be credited to your account by the 7th working day of the month...
Blue Card Conversion to Visa Card with 1st Year Annual Fee Waiver
Meezan Old ATM / Debit Card operations will be discountinued from 31 January -2012 and during this period, if any Old ATM/Debit Cardholders convert to Meezan Visa Card, his/her annual Visa Card fee for the first year will be waived.
Meezan Bank hosts Real Estate Consultant Conferences at Karachi, Lahore and IslamabadNovember 28, 2011
Meezan Bank recently organized a Real Estate Consultant Conference at Karachi for selected Real Estate Agents and Builders of Karachi. The conference focused on enhancing relationships between the financial sector and the Real Estate Industry and on discussing ways to facilitate customers in availing financing opportunities and making better investment decisions. Similar conferences were also held in Islamabad and Lahore...
Meezan Bank records impressive growth in 3rd Quarter 2011
Meezan Bank Limited has announced impressive growth in profitability, deposits and total assets. The accounts were approved by the Board of Directors of Meezan Bank in its 54th meeting held on October 30, 2011 at the Bank’s new Head Office in Karachi, presided by H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board.
SBP Director visits Meezan BankOctober 20, 2011
Mr. Muhammad Ali Malik, Director-Domestic Markets & Monetary Management, State Bank of Pakistan visited Meezan Bank Head Office on 20th October, 2011 to inaugurate the new state-of-the-art treasury dealing room.
Meezan Bank Car Ijarah holds launch ceremony of Car Ijarah Road CaravanOctober 7, 2011
Meezan Bank held the launch ceremony of “Car Ijarah Road Caravan” at Meezan House. The Bank’s Auto Finance and allied teams will travel throughout Pakistan to visit dealerships and branches and meet customers. The event was attended by a large number of people including car dealers, manufactures, Takaful companies etc...
Meezan Bank enters into Home Remittance arrangement with Ria Financial Services
Meezan Bank has entered into a Money Remittance Agreement with Ria Financial services, a wholly owned subsidiary of Euronet Worldwide, Inc. Ria Financial Services was founded in 1987 and today is recognized as the third largest money transfer company in the world, with a global agent network of 100,000 locations in over 130 countries on five continents.
Meezan Bank advised the First Ever Islamic Short-term Sukuk
Meezan Bank added another “First” in Pakistan’s Islamic Banking Industry by becoming the Advisor and Lead Arranger for the first ever short-term Sukuk for Kot Addu Power Company Limited (KAPCO). The short term Sukuk which can be termed as an Islamic alternative to Commercial Paper was issued by KAPCO to meet its working capital requirements...
Meezan Bank’s Profit after Tax grows by 92%July 30, 2011
The Board of Directors’ of Meezan Bank Limited in its meeting held on July 30, 2011 approved the financial statements of the Bank for the half year ended June 30, 2011. The Board also appointed Mr Abdullateef A. Al-Asfour as the Vice Chairman of Bank...
Meezan Bank named ‘Best Islamic Financial Institution in Pakistan' by Global Finance magazineJuly 2011
Meezan Bank, has been awarded the Best Islamic Financial Institution in Pakistan by Global Finance magazine at its Annual Awards for the World's Best Islamic Financial Institutions 2011...
Meezan Bank awarded ‘Islamic Bank of the Year’ by CFA Association of PakistanJuly 1, 2011
Meezan Bank has been awarded ‘Islamic Bank of the Year’ for 2010 by CFA Association of Pakistan (CFAAP) at its 8th annual Excellence Awards held on July 1, 2011. CFA has recently introduced this award to recognize excellence in the commercial banking industry...
Change in address of Registered & Head Office
All respected Shareholders, Depositors, Financial Institutions, Organizations, Regulatory Authorities, Government Agencies and all those that have dealings with Meezan Bank Limited are hereby informed that Meezan Bank's Registered Office and Head Office address has been changed...
Meezan Bank and Al Meezan Investment Management launch Second Shariah Compliant Capital Protected Fund –MCPF-II
Meezan Bank and its subsidiary Al Meezan Investment Management Limited (Al Meezan) have announced the launch of Meezan Capital Protected Fund-II (MCPF-II), the only Shariah-compliant Capital Protected Fund of Pakistan. The Initial Public Offering (IPO) of Meezan Capital Protected Fund-II is from July 5 - 7, 2011. The subscription of the fund would remain open till August 15, 2011 (six weeks period)...
Meezan QuickPay 4th Draw winners announcedMonday, 27 June, 2011
4th Draw winners for Meezan QuickPay were declared on June 27, 2011. Both the winners belonged to Karachi and used Internet Banking to pay their KESC bills...
Meezan Bank participates in "Re-engineering Pakistan" organized by Academic and Social Circle
Meezan Bank sponsored and participated in ‘Re-engineering Pakistan’, a three day event organized by Academic and Social Circle. The three day event was held at the Karachi Expo Center...
Meezan Bank receives multiple international awards
Meezan Bank has been awarded 'Best Islamic Bank in Pakistan' and ‘Best Islamic Trade Finance Bank in Pakistan’ by Asset Triple A Awards, Hong Kong. The Triple A Awards - an integrated multi-media company serving the community of leading corporate and financial decision makers in Asia since 1999 - recognizes Asia’s top financial institutions for excellence in the industry...
JCR-VIS Upgrades Short-term rating of Meezan Bank Limited to A-1+Karachi, June 1, 2011
JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has maintained the medium to long term entity rating of Meezan Bank Limited (MBL) at ‘AA-’ (Double A Minus) with Stable Outlook. The short term rating of MBL has been upgraded from ‘A-1’ (A-One) to ‘A-1+’ (A-One Plus).
Alliance between Meezan Bank and Western Union for Home Remittance Payments in PakistanMay 2011
Meezan Bank, Pakistan’s first and largest Islamic commercial bank, and Western Union, a world leader in money transfer services have entered into a collaboration under which Meezan Bank will provide the Western Union® Money TransferSM Service through its network of 223 online branches in 63 cities across Pakistan...
Meezan Bank registers record growth in profit and deposits in first quarter ended 31st March 2011!
The Board of Directors’ of Meezan Bank Limited in its meeting held on April 30, 2011 approved the financial statements of the Bank for the quarter ended March 31, 2011.
Meezan Bank recorded 61% growth in its post-tax profit for the quarter ended March 31, 2011...
Meezan Bank launches ‘Laptop Financing’April 2011
Meezan Bank has launched a new consumer financing product that will allow customers to purchase laptops on easy installments. The new product called Laptop Ease is being offered for repayment periods ranging from 3 months to 24 months. The bank will not charge any profit or return for customers who opt for the 3 month or 6 month installment plan...
Meezan Bank holds 17th Shariah Supervisory Board MeetingApril 2011
The 17th Shariah Supervisory Board meeting of Meezan Bank Limited was held at the Darul Uloom Korangi, Karachi.
The meeting was chaired by Justice (Retd.) Muhammad Taqi Usmani; other members of the Shariah Board include Sheikh Essam M. Ishaq (Bahrain) and Dr. Muhammad Imran Usmani.
Meezan Bank has been awarded 'Best Islamic Bank in Pakistan' for 2010 by Islamic Finance News of REDmoney Group in a ceremony held in Kuala Lumpur Malaysia. The Islamic Finance News (IFN) Awards honor the best in the Islamic financial industry. It is one of the most prestigious and recognized awards in the global Islamic capital markets...
Meezan Bank announces 15% Bonus Shares, declares 61% growth in Profit after Tax for 2010Karachi, February 12, 2011
Meezan Bank recorded 61% growth in its after-tax profit for the year ended December 31, 2010. Profit after tax for 2010 was Rs. 1,650 million compared to Rs. 1,025 million in the previous year. Earnings per Share (EPS) for the year increased to Rs. 2.36 from Rs. 1.62 in the corresponding period last year...
Discontinuation of Meezan ATM/Debit Card after 31st July 2011
This is to inform all customers who are currently holding the Meezan Bank ATM/Debit Card that the operations of this card will be discontinued with effect from day-end 31st July 2011 . This means that the Meezan ATM/Debit Card cannot be used for any transaction on ATMs after 31st July 2011...
Meezan Bank establishes 222 branches in 63 cities across Pakistan
Meezan Bank Ltd. has achieved yet another milestone by establishing a branch network of 222 branches in 63 cities across Pakistan within a short span of 8 years. Meezan Bank now stands amongst the 10 largest banks in Pakistan in terms of branch network...
Meezan Bank participates in Dawn ‘All About Lifestyles’ - Winter 2010 event
Meezan Bank participated in the Dawn ‘All About Lifestyles’ Winter 2010 exhibition held on November 7, 8 & 9, 2010 at Karachi Expo Center. This exhibition which was open for families is the most widely attended exhibition with stalls of FMCG’s, Banks, etc. Approximately 300,000 people attended the event during the 3 days...
Meezan Bank records impressive growth!October 25, 2010
Meezan Bank Limited has recorded impressive growth in profitability, deposits and total assets. The bank has established a network of 204 branches in 54 cities within a short span of 8 years. The Bank plans to open 18 more branches in the last quarter of 2010. Meezan accounts for approximately 50% of the market share of Islamic banks in Pakistan - a sector that is growing very rapidly...
Meezan Bank Annual Report receives awardOctober 22, 2010
Meezan Bank was awarded the prize for the fifth best annual report in the Banking sector jointly organized by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). The prize is awarded on the basis of a very comprehensive marking scheme that takes into consideration the quality and transparency of disclosures and information provided to investors..
Meezan Bank and Indus Motors launch Toyota Cars Financing
Meezan Bank has taken another step towards providing Halal, innovative and value-added products and services to its customers by partnering with Indus Motor Company for providing specially designed car-financing options with special benefits on vehicles of Indus Motor Company...
Meezan Bank’s employees contribute towards rehabilitation of Flood affected peopleSeptember 2, 2010
In an effort to help the people affected by the devastating floods in the country, Meezan Bank’s employees have taken an initiative to contribute to the recovery and rehabilitation of the people affected by the floods by setting up a “Flood Victims Relief Account” where employees can deposit money for helping the people in the flood-hit areas...
Meezan Bank receives award at the Islamic Finance News RoadshowAugust 05, 2010
Meezan Bank received the award for the ‘Best Islamic Bank in Pakistan’ by Islamic Finance News of REDmoney Group, Malaysia in a ceremony held at the State Bank of Pakistan today as part of a workshop on Islamic Finance organized by Islamic Finance News. President & CEO of Meezan Bank, Mr. Irfan Siddiqui accepted the award for Meezan Bank...
Meezan Bank announces robust earnings growth of 41% !August 03, 2010
Meezan Bank has announced half-yearly results for 2010 after its Board of Directors meeting held on August 2, 2010 at Karachi...
Meezan Bank awarded ‘Best Islamic Financial Institution in Pakistan by Global Finance magazine' July 2010
Meezan Bank has been awarded the Best Islamic Financial Institution in Pakistan by Global Finance magazine at its Annual Awards for the World's Best Islamic Financial Institutions 2010...
Meezan Bank awarded ‘Islamic Bank of the Year’ by CFA Association of PakistanJuly 2010
Meezan Bank has been awarded ‘Islamic Bank of the Year’ for 2009 by CFA Association of Pakistan (CFAAP) at its 7th annual Excellence Awards held recently...
Meezan Bank extends cooperation and assistance to “Afzaal Memorial Thalassemia Foundation" on Thalassemia International DayMay 8, 2010
In support of the cause of creating awareness about the perils of halassemia disease, Meezan Bank has extended cooperation and assistance to “Afzaal Memorial Thalassemia Foundation”...
Meezan Bank Limited to facilitate Umrah Pilgrims with ‘Meezan Labbaik’
After the successful launch of Meezan Labbaik in 2009, Meezan Bank has signed an agreement for continuation of this facilitation service in 2010 with Universal Brothers (Pvt.) Ltd...
Meezan Bank launches "Meezan Business Plus", a Mudarabah based Business Account April 26, 2010
Meezan Bank is pleased to launch Meezan Business Plus, a Mudarabah based business account which allows customers to conduct their banking transactions while availing a wide range of free services and value added features....
Meezan Bank records 29% growth in profit in first quarter ended 31st March 2010April 23, 2010
Meezan Bank continued to demonstrate good business results during the quarter ended March 31, 2010 and remains the leading Islamic Bank in Pakistan. Gross core banking income before provisions and administrative expenses...
Meezan Bank awarded ‘Best Islamic Bank in Pakistan’ by ASiAMONEY
Meezan Bank has been awarded ‘Best Islamic Bank in Pakistan’ for 2009 by ASiAMONEY magazine, Hong Kong. This award was presented after conducting an extensive research and analysis over the past 12 months of Islamic financial institutions...
Meezan Bank Limited holds its 14th Annual General Meeting of the Shareholders
Meezan Bank Limited recently held the 14th Annual General Meeting of its Shareholders at Beach Luxury Hotel, Karachi.
Mr. Irfan Siddiqui (President and CEO) chaired the meeting that was attended by Mr. Naim Farooqui representing Pakistan Kuwait Investment Company (Pvt.) Ltd, Mr. Azfar Hussain Qarni representing...
Meezan Bank has been awarded ‘Best Islamic Bank in Pakistan’ for 2009 by Islamic Finance News of REDmoney group, Malaysia.
This award brings to light a highly successful and record-breaking year for Meezan Bank, crossing Rs. 100 billion in deposits, Rs. 100 billion in trade finance (import & export) business...
Meezan Bank declares record 2009 results
Meezan Bank announced record profit before tax of Rs. 1.7 billion – 75% higher than the previous year. Meezan was the first bank in Pakistan to declare the results in a meeting of the Board of Directors held on 5th February 2010. The Board noted with satisfaction the excellent performance of the Bank for the year 2009 wherein a number of records were set...
Meezan Bank distributes gift bags to Hajjis
Meezan Bank recently provided high-quality Hajj bags to Hajjis to carry the Holy Quran and other gifts at the Hajj Terminals on their arrival from Saudi Arabia after performing the holy journey of Hajj.
In order to maximise customer convenience, Meezan Bank is pleased to offer 150 ATMs across Pakistan for Meezan and non-Meezan customers. Account holders can use these ATMs to withdraw cash...
Meezan Bank holds Islamic Banking Seminars across PakistanJanuary 18, 2009
Meezan Bank conducted a series of seminars on Islamic Banking on 20 locations in various cities across Pakistan. These seminars are in line with its Vision of making Islamic Banking the Banking of first choice and the main objective is to increase the awareness amongst the general public about the importance and benefits of Islamic Banking...
Meezan Bank establishes network of 201 branches across Pakistan! Karachi: December 31, 2009
Meezan Bank has achieved yet another milestone by establishing a branch network of 201 branches in 54 cities across Pakistan within a short span of 7 years. ...
Meezan Bank offers Housing Finance facility to BASF EmployeesKarachi: December 21, 2009
Meezan Bank will provide Shariah compliant housing finance facility to the employees of BASF Pakistan. Meezan Bank’s Easy Home has successfully entering into its 7th year. The Easy Home product has been refined as such to enable all the segments of society to have easier access to the facility...
Meezan Bank holds seminar for businessmen in IslamabadDecember 17, 2009
A seminar on Islamic Banking was organized by Meezan Bank at the Islamabad Chamber of Commerce to create awareness of Islamic Banking and the business-friendly products offered. The event was attended by a large number of people from the business community and other stakeholders...
Meezan Bank’s branch network charted on Google MapsNovember 04, 2009
Meezan Bank is pleased to announce that it has charted its entire branch network of 168 branches in 42 cities of Pakistan on Google Maps; thus providing its customers and the general public the facility to easily locate any branch of Meezan Bank ...
Meezan Bank announces financial results for the third quarter ended September 30, 2009October 26 2009
In the face of challenging economic circumstances, Meezan Bank has by the Grace of Allah performed well during the period under review and total assets crossed the important milestone of Rs 100 billion...
ATTENTION: Existing 24/7 ATM Debit Card holders are requested to replace their cards with VISA Debit Cards before 7th March, 2010
With the launch of VISA Debit service, all Meezan Bank account holders will receive Meezan VISA Debit Card with their current/savings account (1st Year Free).
Meezan Bank – Pak Suzuki finance programOctober 15, 2009
Meezan Bank has taken another step towards providing world-class products and services to its customers by launching Meezan – Pak Suzuki Finance program (Suzuki Finance) in corroboration with Pak Suzuki Motor Company Limited.
Meezan Bank invites sealed tender offers for Supply, Installation, Commissioning and supporting of Network connectivity services at various locations spread all over the country
Meezan Bank is in the process of revamping its IT infrastructure including rolling out core banking solution (T24) that not only require superior infrastructure but also necessitate increased bandwidth requirements...
NOTICE: Utility Bills can be paid at all Meezan Bank branches
For customer convenience, Utility bill payment can be made at all branches of Meezan Bank across Pakistan.
Meezan Bank launches Meezan Visa Debit CardSeptember 7, 2009
Meezan Bank takes another step towards providing world-class products and services to its customers by launching the Meezan Visa Debit Card.
Meezan Bank announces robust earnings growth! Karachi: August 19, 2009
Meezan Bank Limited announced good half yearly results for the first half of 2009 showing an increase in net profit after tax of 15% over the corresponding period last year.
Meezan Bank Limited and Riphah International University sign a Memorandum of UnderstandingKarachi: August 11, 2009
Meezan Bank Limited and Riphah International University, Islamabad signed a Memorandum of Understanding for jointly launching a program on Islamic Business and Finance for students and finance professionals at Riphah University.
Meezan Bank restores Banking Operations in Mingora, Swat!Karachi: July 23, 2009
Meezan Bank Limited has resumed its banking operations in Swat by opening its Mingora Branch. Meezan Bank is the first bank to restore its operation in Swat with the improvement in law and order situation in the area.
SECP & SBP launch public awareness campaignKarachi: July 14, 2009
The SECP and SBP have launched a public awareness campaign, advising investors not to fall prey to the lucrative schemes of dubious, unscrupulous, unauthorized and illegal deposit takers.
Meezan Bank to Provide Utility Bills Payment Facility to Customers Through its ATMsKarachi
Meezan Bank customers will now be able to pay their utility bills through Meezan Bank’s Automatic Teller Machines (ATMs) 24 hours a day, 7 days a week. Additionally, payments for both post-paid & pre-paid mobile phone charges can now be made through Meezan Bank’s ATM's.
Meezan Bank and Takaful Pakistan sign agreement!Karachi: July 03, 2009
Meezan Bank Ltd and Takaful Pakistan have signed an agreement whereby all customers of Meezan Bank's Labbaik scheme will be provided with Shari'ah-compliant credit Takaful coverage. Mr. Irfan Siddiqui President & CEO Meezan Bank Ltd and Capt. Jameel CEO Pakistan Takaful Ltd. signed the Takaful Agreement at a ceremony in Karachi today.
Meezan Bank and Hamdard Laboratories Sign Cash Management Services AgreementKarachi: June 29, 2009
Meezan Bank Limited and Hamdard Laboratories (Waqf) Pakistan signed an agreement under which Meezan Bank will provide Cash Management Services to Hamdard Laboratories. Mr. Irfan Siddiqui, President & CEO Meezan Bank Limited and Ms. Sadia Rashid, Chairperson Hamdard Laboratories (Waqf) Pakistan signed the agreement...
Meezan Bank Limited launches Hajj and Umrah product ‘Meezan Labbaik’June 22, 2009Meezan Bank Limited has announced the launch of new product "Meezan Labbaik" to facilitate customers for performing Hajj and Umrah and Ziyarat of holy places of Makkah and Madinah with comfort and peace of mind...
Meezan Bank hosts meeting for Islamic Interbank placement productsKarachi, May 28, 2009 Meezan Bank recently hosted a meeting of Shariah Advisors and Product Development experts of all full fledge Islamic Banks to decide upon the mechanism for Inter-bank placement amongst Islamic banks and to move towards the development of an Islamic Inter-bank market.
The Karachi Stock Exchange (KSE) and Al Meezan Investment Management Limited (Al Meezan investments) signed a Memorandum of Understanding (MoU) to launch the Pakistan’s First Co-branded Islamic Index "KSE –Meezan Index (KMI)" to its family of indices.
Meezan Bank & Mashreq Bank sign AccordJanuary 14, 2013
Meezan Bank has entered into an agreement with Mashreq Bank PSC, UAE, under which Meezan Bank will earn Shariah-compliant profit on its US Dollar clearing account balance held with Mashreq Bank. The innovative arrangement utilises a Shariah-compliant principle of Wakala...
Meezan Bank completes 10 years of Islamic Banking in Pakistan!
Meezan Bank – Pakistan’s first and largest Islamic Commercial Bank has recently achieved the milestone of completing 10 years of Islamic Banking in Pakistan!
Over the past ten years, the Islamic banking industry in Pakistan has witnessed phenomenal growth through establishment of 5 dedicated Islamic Banks as well as several Islamic Banking windows of conventional banks. Now, with a branch network of 288 branches in 88 cities, Meezan Bank is Pakistan’s 9th largest Commercial Bank in terms of branch network with a very comprehensive portfolio of Islamic financial products and services for Consumer, Corporate and Investment Banking, thus catering to all categories of customers.
Meezan Bank expands branch network to over 285 branches in Pakistan!May 2, 2012
With the opening of its Sialkot Cantt. Branch, Meezan Bank has extended its branch network to 286 branches in 85 cities of Pakistan.
The members of the Bank are hereby notified that the Bank has received a notice under section 253 (1) of the Companies Ordinance, 1984 from a shareholder, proposing M/s A. F. Ferguson and Co., Chartered Accountants, to be considered for appointment as auditors of the Bank at the 16th Annual General Meeting, in place of MIs KPMG Taseer Hadi and Co., Chartered Accountants, the retiring auditors of the Bank.
Meezan Bank Limited holds its 16th Annual General Meeting of the Shareholders
The 16th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 29, 2012 at its Head Office – Meezan House, Karachi.
Mr. IrfanSiddiqui (President and CEO) chaired the meeting that was attended by Mr. AzfarQarni representing Islamic Development Bank, Jeddah, a representative of Pakistan Kuwait Investment Company (Pvt.) Ltd...
Meezan Bank participates in Islamic Banking seminarOctober 19, 2010
Meezan Bank participated in a seminar titled “Islamic Banking and Finance in Pakistan: Issues, Challenges and Way Forward” organized by Islamabad International Islamic University and Development Finance Support Unit (DFSU) of State Bank of Pakistan that took place at the Faisal Mosque Campus Auditorium...
Meezan Bank holds 14th Shariah Supervisory Board MeetingKarachi, March 25, 2009
The 14th Shariah Supervisory Board meeting of Meezan Bank Limited took place at the Darul Uloom Korangi, Karachi.
The meeting was chaired by Justice (Retd.) Muhammad Taqi Usmani and the other members of the Shariah Board including Sheikh Essam M. Ishaq (Bahrain) and Dr. Muhammad Imran Usmani. The senior management of Meezan Bank including Chief Operating Officer, Mr. Ariful Islam and President & CEO, Mr. Irfan Siddiqui and other team members were also present.
Meezan Bank launches Residual Value Car Ijarah for Pak Suzuki Automobiles
Meezan Bank will launch Residual Value Car Ijarah for Pak Suzuki Automobiles.
Mr. Ariful Islam, COO & Executive Director – Meezan Bank and Mr. Hirofumi Nagao – Chief Executive & Managing Director – Pak Suzuki signed the MoU at a ceremony held at Meezan House – Karachi. As part of the agreement both companies will run a joint campaign for the promotion of the both Normal & Residual Ijarah product
Meezan Bank and KCCI hold seminar on Islamic BankingAugust 10, 2010
Karachi Chamber of Commerce & Industry (KCCI) organized a seminar on ‘Islamic Banking - Clearing Doubts & Misconceptions’ at KCCI. Speaker and panelists at the seminar were from Meezan Bank.
A detailed presentation was delivered by Mr. Sohail Khan, (Head of Marketing & Training - Meezan Bank). Other panelists included Mr. Bilal Qazi, (Research Scholar) and Mr. Umer Ahmed, (Product Development and Shariah Compliance (PDSC), Meezan Bank)...
Meezan Bank records 75% growth in deposits for the nine month ended September 30, 2007
Schedule of Charges Foreign Exchange Rates NOSTROS Foreign Remittance Rates List of Unclaimed Deposits AML/KYC Questionnaire for Correspondent Banks Profit Rates Precautions in Handling of Cheques (SBP)
Financial Statements State Bank Pakistan (SBP) Al-Meezan Investments