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Extensive Experience and Expertise

In line with our vision of establishing Islamic Banking as banking of first choice, Meezan Bank believes in working for the larger benefit of the society. Meezan Bank has the unique combination of experts in areas like Islamic Law & Jurisprudence, Accounting, Auditing, Capital Markets, Corporate Finance and Islamic Finance. Our expertise, accumulated over the years, enables us to provide world class service and unmatched Shariah-compliant solutions to most sophisticated problems in a timely manner.

We’re working to expand the market, not merely our market share. The continuous interaction with the academia has enabled us to produce a stream of expert practitioners-cum-trainers. Our trainings are not only backed by solid theoretical foundations, they are continuously updated based on real life experiences. Our case studies help learners gain hands-on experience of various aspects of Islamic finance.

Objective and Strategy

Offer innovative value-added products and services to our customers within the bounds of Shariah, while optimizing the stakeholders’ value through an organizational culture based on learning, fairness, respect for individual enterprise and performance.

Shariah Advisory Services team assists in 6 ways

1. Islamic Banking Product Development

Islamic Finance, though working in the space provided by the Islamic principles, is very open to creativity and innovation. Financial Engineering to develop Shariah-compliant alternatives to conventional financial products is an important task undertaken by the Shariah Advisory function. Research and development of new Islamic financial instruments is also a vital and ongoing activity of the function. Product Development requirements and requests received from our client organizations are also provided with assistance and technical support.

2. Islamic Capital Market Services

Shariah Advisory Services (SAS) provides following services within Islamic Capital markets details for which are mentioned below:

Sukuk Structuring

As a leader in structured finance products, Meezan Bank has been involved in Sukuk Structuring, Shariah Advisory and Syndication/Consortium financing, lead-managing a number of new Shariah-compliant Sukuk issues and syndicated transactions with its corporate clients. SAS provides assistance in execution of Sukuk transactions and development of Sukuk structures based on client-specific requirements.

Our multi-layered approach enables both commercial and Shariah considerations to be incorporated into proposed structures. Emphasis is placed on developing structures to achieve wide Shariah acceptance and marketability of Sukuk.

Mutual Funds

Mutual Funds are an important financial intermediary in developing markets where capital markets are volatile and investors do not have the expertise, savings and time to devote themselves to making a well-diversified profitable and Shariah-compliant portfolio.

Islamic investment principles require persistent Shariah Compliance. Islamic Mutual Funds are therefore catering to this important need and we provide them with technical expertise in managing their portfolios in Shariah-compliant manner.

3. Shariah Compliant Corporate Restructuring

Interest is a common pain in the economy domestically and internationally. Interest based financial system necessitates the use of riskier instruments which being highly speculative can disrupt an economy in downturns. Islamic financial principles propose Shariah-compliant yet highly robust alternatives for the financial needs of the economy. Meezan Bank has had the unique experience of converting conventional banks into an Islamic Bank. The Bank also provides Shariah Technical and Support Services to corporate clients to convert all operations of the clients into making them Shariah-compliant.

4. Preparation of Shariah Governance and Regulatory Frameworks

Meezan Bank offers a great support to any institution interested in the formation of a reputable Shariah Board. This support includes the development of Shariah Governance Framework including the reference of world renowned Shariah Scholars, assistance in finalizing the Terms of Reference (TOR) of the Shariah Advisor / Shariah Board and assistance in holding the Shariah Supervisory Board Meetings.

5. Business Plan

MBL, being the premier Islamic Bank of Pakistan, provides state-of-the-art business plans to Islamic financial institutions including competitive landscape analysis, feasibility studies, financial projections, research, product line extensions, channel and marketing strategy.

6. Islamic Insurance (Takaful)

Meezan Bank provides Shariah-compliant services to insurance companies for introducing Takaful windows. MBL provides assistance in the areas of Shariah supervisory framework, product development and refinement, capacity building, investment guidelines, Shariah audit, Shariah compliance and internal controls.

Core Clients

Meezan Bank has extensive experience and expertise in Islamic Banking and Finance. The main objective of Meezan Bank’s Shariah Advisory function is to assist Institutions by sharing our expertise, researches and success stories which we gained over the years. This function works under the guidance of Shariah Board which comprises of renowned Islamic Scholars from both Pakistan and abroad.

Shariah Advisory division of Investment Banking & Shariah Advisory department provides Shariah Advisory and Shariah Technical services and support to fulfill the needs of industries who desire to convert or start Shariah-compliant business locally or internationally. To date, this division has provided Shariah related advisory services to various institutions locally and internationally including Mutual Funds, Hire Purchase Company, Conventional Banks, Islamic Banks, Cooperative Financial Institution, Microfinance Company and Insurance Companies.

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