Car Ijarah is Meezan Bank’s car financing product and is Pakistan’s first Interest / Riba free financing. It is based on the Islamic financing mode of leasing (Loan).
At Meezan Bank We Put Women’s Needs First! Car Ijarah is Meezan Bank’s car financing product and is Pakistan’s first Interest-free car financing. It is based on the Islamic financing mode of Ijarah (leasing). This product is ideal for individuals who want to get interest-free financing for acquiring locally manufactured /assembled vehicles.
Based on the principle of Diminishing Musharakah, Easy Home is a Shariah-compliant home financing facility, in which a customer can buy or build a house, renovate an existing house or replace the conventional house loan with Islamic house finance. With flexible financing tailored to support the customer’s need, Meezan Easy Home provides one of the best home financing solutions in the country with a hassle-free process and a quick turn-around time.
Meezan Bank realizes the need for management of funds in an efficient manner, and that of engaging customers through its fine pricing and wide array of products. To this end, the Treasury provides comprehensive solutions to cater to both, with its dedicated salesmanship, prudent trading and funds management all blended well to ensure Shariah compliance.
Awards Islamic Banking and other awards and recognition achieved by the Premier Islamic Bank ‘Meezan Bank Limited’.
The core business of the company should not violate any principle of Shariah. Therefore, it is not permissible to acquire the shares of the companies providing financial services on interest like conventional banks, insurance companies, leasing companies or the companies involved in some other business not approved by the Shariah e.g. Companies making or selling liquor, pork, Haram meat, or involved in gambling, operating night clubs, disseminating pornographic content, prostitution etc.
Knowledge Centre – Meanings of Islamic Terms generally used in Banking.
Islamic banks are playing an active role in this aspect by putting comprehensive Shariah controls and mechanisms in place. The Pakistani Islamic Banking industry, particularly, Meezan Bank has made notable efforts and progress in this area. In the year 2013, Meezan Bank was recognized as the ‘Best Research & Development’ institution by the Global Islamic Finance Awards. This achievement goes onto show the support of the central bank which has led Meezan Bank as being referred to, a benchmark of Shariah Compliance in both local & global Islamic Finance industry.
Media Centre: Corporate News, Notice and Announcements, Financial Results, Awards and Recognition, Events
July 27, 2015 - In order to support Pakistan’s economy, Meezan Bank has formally launched a set of financing schemes to provide Shariah-compliant financing under the Prime Minister’s Youth Business Loan (PYMBL) program. PMYBL is a program of the Government of Pakistan aimed at socio-economic development of the country’s youth. The program will provide a broad canvas of schemes […]
April 30, 2015 - A prestigious launch ceremony of Prime Minister’s Youth Business Loans (PMYBL) was held at Meezan Bank’s Jinnah Super Branch, Islamabad on April 28, 2015. PMYBL is a program of the Government of Pakistan aimed at socio-economic development of the country’s youth. The program will provide a broad canvas of schemes for enabling youth to get […]
November 21, 2024 - Meezan Bank, Pakistan’s first and largest Islamic bank, in collaboration with BenchMatrix, has successfully launched the RiskNucleus® GRC Platform for Enterprise Technology Governance & Risk Management (ETGRM). This advanced solution enhances Meezan Bank’s adherence to the State Bank of Pakistan’s regulatory guidelines, reinforcing its technology governance and risk management framework to achieve optimal compliance standards. […]
August 8, 2024 - The Board of Directors of Meezan Bank, in its meeting held in Islamabad on August 8, 2024 approved the financial statements of the Bank and its consolidated financial statements for the half year ended June 30, 2024. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board, Mr. Faisal A. A. […]
July 9, 2024 - VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank Limited (‘MEBL’ or the ‘Bank’) at ‘AAA/A-1+’ (Triple A/A-One Plus). Medium to long term rating of ‘AAA’ indicates highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt. Short-term rating of ‘A-1+’ indicates strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors. Outlook on the assigned ratings is ‘Stable.’ The rating of MBL’s Basel 3 compliant Additional Tier-1 Instrument (Sukuk 2) and Tier-II Instruments (Sukuk 3 and Sukuk 4) have been reaffirmed at ‘AA+’ (Double A Plus) and ‘AAA’ (Triple A) respectively. Previous rating action was announced on June 27, 2023.
August 17, 2023 - Privacy Policy This Privacy Policy explains how we may collect information from you when you visit our web site or when you use our online financial services. We recognize the importance our customers place on the privacy and security of their personal information. Our goal is to protect your personal information in every way that […]
July 3, 2023 - VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank Limited (‘MEBL’ or ‘the Bank’) at ‘AAA/A-1+’ (Triple A/ A-One Plus). The medium to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan (GoP). The short-term rating […]
February 26, 2021 - Meezan Bank’s asset quality, profitability and liquidity withstood impacts of pandemic Meezan Bank tops the Strongest Banks by Balance Sheet in Pakistan ranking The bank ranks 5th in Strongest Islamic Banks by Balance Sheet in the World The bank achieved higher profit and maintained healthy asset quality 26 February 2021, Singapore – Meezan Bank topped […]
September 1, 2020 - Meezan Bank, Pakistan’s first and largest Islamic bank, recently announced a ground breaking partnership with Finja, the country’s first dual-regulated fintech (regulated by SBP and SECP), to support MSMEs (Micro, Small and Medium Enterprises) through Shariah-compliant digital financing. Local small businesses play a major role in the country’s economy but unfortunately this sector has had […]
September 10, 2016 - Meezan Bank, Pakistan’s first and largest Islamic bank has recently opened its branch in Gilgit Baltistan, Pakistan. His Excellency, Mr. Hafiz Hafeez Ur Rehman, the Chief Minister of Gilgit Baltistan inaugurated the branch and welcomed the launch of Islamic banking in the province. Meezan Bank’s senior management including Mr. Ariful Islam- Deputy CEO, Mr. Ijaz […]