UAN: 111-331-331 23 February, 2012 | Rabi-ul-Awal 30, 1433

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Treasury

Foreign Exchange Services

Meezan Bank’s treasury is guided by Shariah with the objective of reviewing, streamlining, and controlling the bank’s domestic and international Treasury-frelated operations. Treasury caters to the branches and customers for their entire foreign exchange requirement with efficiency and professionalism. Ready/ spot as well as all forward cover services are provided to branches/customers within Shariah guidelines. Customers are also provided advice on a regular basis about the currency movement by the dealing room augmented by market outlook (without any commitment & obligation)

 

Treasury has enhanced its market activity with increased depth and enhanced volumes, making an impact in the inter-bank FX market. Due to its good relationship with other treasuries, the institution has the ability to generate sufficient amount of liquidity at any time through the inter-bank market on Shariah-approved Musharaka basis.

 

Meezan Bank conducts Commodity Murabaha transaction to optimize its returns on its Dollar portfolio, besides participating in local/ international Sukuk issues, e.g. WAPDA, Qatar, Dubai Sukuks, etc. This treasury is the only treasury in Pakistan with a mandate to provide Shariah-compliant investment opportunities in capital market that provides Halal income to the shareholders


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