If you found this page informative, share it now!

Fastest Growing Bank of the Country

Meezan Bank, Pakistan’s first and largest Islamic bank, is a publicly listed company with a paid-up capital of Rs. 10 billion. It is one of the fastest growing financial institutions in the banking sector of the country. With its Vision of establishing ‘Islamic banking as banking of first choice ...’ – the Bank commenced operations in 2002, after being issued the first-ever Islamic commercial banking licence by the State Bank of Pakistan.

The Bank provides a comprehensive range of Islamic banking products and services through a retail banking network of more than 570 branches in more than 140 cities of the country. Backed by a state-of-the art T-24 core banking system, the branch network is supported by 24/7 banking services that include over 570 ATMs, VISA and MasterCard Debit cards, a Call Center, Internet Banking, Mobile Application and SMS Banking facility.

The Bank operates strictly under the principles of Islamic Shariah and is well-recognized for its product development capability, Islamic banking research and advisory services. In order to ensure strict Shariah-compliance in all its products and services, the Bank has established a dedicated Product Development and Shariah Compliance department that operates under the supervision of the Bank’s in-house Resident Shariah Board Member and a Shariah Supervisory Board comprising of internationally renowned Shariah scholars.

Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions, which is a testimony of the Bank’s commitment to excellence. These institutions include Islamic Finance News - Malaysia, Global Finance magazine - New York, Asset AAA - Hong Kong, Asiamoney – Hong Kong, The Banker – United Kingdom, South Asian Federation of Accountants, Islamic Finance Forum of South Asian Awards, Pakistan Banking Awards – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association - Pakistan.

Read More

Vision, Mission & Values


Establish Islamic banking as banking of first choice to facilitate the implementation of an equitable economic system, providing a strong foundation for establishing a fair and just society for mankind.


To be a premier Islamic bank, offering a one-stop shop for 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-compliance, Integrity, Professionalism, Innovation, Service Excellence, Social Responsibility. Staff that is committed, motivated and professionally trained and who are empathic to their customers’ needs.

Board of Directors

Mr. Riyadh S.A.A. Edrees has been a Director of Meezan Bank since October 2012. He is the Chairman of the Board and the Chairman of Human Resources and Remuneration Committee. He has also previously served as the Vice Chairman of Meezan Bank.

Mr. Riyadh S.A.A. Edrees holds a B.Sc. degree in Chemical Engineering from Newcastle Upon Tyne University, U.K. and M.Sc. in Chemical Engineering from Kuwait University.

His skills and experience encompass a wide range of industries and various roles including Executive Manager for Industrial Investments & Development Div. at National Industries Group Holding - (Kuwait), Assistant Lecturer at Kuwait University, Vice Chairman at Gas & Oil Fields Services Co. - (Kuwait), Board member at Kuwait Rock Company - (Kuwait),Vice Chairman at Eastern United Petroleum Services - (Kuwait), Kuwait Ceramic Company - (Kuwait), Director at Sajaa Gas Private Limited Co.(UAE), Board member at K-Electric Pakistan, United Gas Transmissions Company Limited Co. – (UAE).

Directorships and other recent offices held:

  • Deputy CEO Investment & Mega Projects, National Industries Group Holding – Kuwait
  • Chairman, Privatization Holding Co. – Kuwait
  • Board Member, Ikarus Petroleum Industries - Kuwait
  • Board Member, Noor Financial Investment Co. – Kuwait
  • Vice Chairman – Noor Telecommunication Co. – Kuwait
  • Chairman, IT Partners Information Technology Co. – Kuwait
  • Advisory Board Member, Markaz Energy Fund - Kuwait
  • Board Member, Saudi International Petrochemical Company (SIPCHEM) – KSA
  • Vice Chairman, Airport International Group – Jordan
  • Chairman, Middle East Complex for Engineering, Electronics and Heavy Industries Co. - Jordan
  • Board Member, Investment Committee of Bunyah Fund of the Kuwait Investment Co.- Bahrain
  • Advisory Board Member, Cleantech I & II Zouk Venture Limited - U.K.

Mr. Faisal A.A.A. Al-Nassar has been a Director of Meezan Bank since March 2015. He is Vice Chairman, Board member and also the Chairman of the Risk Management Committee of the Board.

Mr. Faisal A.A.A. Al-Nassar has a Bachelor’s degree in Accounting and Finance from Kuwait University and has held many senior management positions in the finance industry including Corporate Affairs Executive Manager at National Industries Group Holding Co., Auditor for government agencies in Kuwait Bureau of Accountancy and Head of Taxation Department, Ministry of Finance, Kuwait.

Directorships and other recent offices held:

  • Deputy Chief Executive Officer, Finance and Administration at National Industries Group Holding Co.
  • Chairman and CEO, Al Durra National Real Estate Company
  • Chairman, Noor Executive Committee
  • Chairman, Shorfat al Safwain KSA
  • Chairman, Durrat Alshameya Investment in KSA
  • Chairman, Director and Chairman Audit Committee, Abu Dhabi Marina Real Estate Investment Company
  • Chairman, Director, Noor Al Salehia Real Estate
  • Director, Noor Financial Investment Company
  • Director, Noor Audit Committee
  • Director, Noortel
  • Director, Investment Committee and Arabic Investment Group, Egypt
  • General Manager, Ikarus Real Estate - Dubai

Mr. Bader H.A.M.A. Al-Rabiah has been a Director of Meezan Bank since November 2015.

Mr. Bader H.A.M.A. Al-Rabiah has a strong academic background in accounting and a focused experience in investments honed over the past 14 years. He was involved in establishing the Real Estate Investment Department at Noor Financial Investment Company and served as the Chairman at Arab Investment, Real Estate and Agricultural Development Group, Egypt.

Directorships and other recent offices held:

  • Chairman & CEO Noor Salhia Real Estate Company
  • Chairman, Palms Agro Production
  • Director, Noor Financial Investment Co.
  • Director, International Hotels Group
  • Reserve Director, Kuwait Finance House
  • General Manager Tamouh National & General Trading & Contracting
  • Vice Chairman, Al-Durra National Real Estate Co.
  • Board member , International Hotel Group (Jordan)
  • Chairman, Arab Investment Real Estate and Agriculture (Egypt)
  • General Manager, Sidra Middle East for Electrical, Mechanical and Building Contracting Co.
  • General Manager, Ikarus Realestate (UAE)
  • General Manager, Noor Al-Salhiya Real Estate Company (KSA)

Mr. Mansur Khan is the Managing Director of Pak Kuwait Investment Co. Ltd. (PKIC) since February 2014. He has over 30 years of diversified experience, and a proven track record in Development/Commercial/Investment Banking. He has done Masters in Business Administration (with distinction) from Pace University, New York, USA; majoring in Financial Management.

Mr. Mansur Khan has served as a President/CEO of Zarai Taraqiati Bank Limited (ZTBL), SME (small and Medium Enterprises) Bank Limited, Managing Director of Punjab Small Industries Corporation (PSIC) and the Sudanese Microfinance Development facility (SMDF). He has international experience of working in Asia, Africa, USA, Europe and the Middle East. Prior to joining Pak Kuwait as Managing Director, he was associated with Weidemann Associates Inc, a Crown Agents USA company.

Mr. Mansur Khan was a fighter pilot in the Pakistan Air Force from 1970 to 1978.

He held Directorships in Engro Corporation, Sudanese Microfinance Development Facility, Zarai Taraqiati Bank Ltd., National Commodity Exchange Ltd, Saudi Pak Agricultural & Investment Company Ltd, National Database & Registration Authority, Kissan Support Services Ltd, SME Bank Ltd, SME Leasing Ltd, TMT venture Capital Fund, Small and Medium Enterprise Dev. Auth, Business Competitiveness/Support Funds, Punjab Small Industries Corporation, Pak-Kuwait Takaful Co Ltd and Pakistan Steel Mills Corp Ltd.

A Certified Director from Pakistan Institute of Corporate Governance (PICG), Mr. Khan currently serves on the boards of PKIC, The General Tyre and Rubber Co. of Pakistan Ltd, National Clearing Co. Pakistan Ltd and Meezan Bank Limited. He is also a member of Meezan Bank’s Board Information Technology Committee.

Mr. Alaa A. Al-Sarawi has been a Director of Meezan Bank since January 2009. He is also a member of the Audit Committee of the Board.

Mr. Alaa A. Al-Sarawi is a Senior Investment Manager at the Kuwait Investment Authority (KIA). After successfully completing KIA training program, he held various senior management positions in the investment space. He holds a Bachelors of Business Administration, Minor in Government from Eastern Washington University in 1995 and a Diploma in Accounting from Kuwait Business College in 1990. He has served as board member in several companies; also, he attended many courses, conferences and seminars, local and overseas.

Mrs. Syeda Azra Mujtaba has been a Director of Meezan Bank since January 2015. She is also a member of the Risk Management Committee of the Board.

Mrs. Syeda Azra Mujtaba holds an M.Sc. degree from Quaid-e-Azam University, Islamabad and a Bachelors degree from St. Joseph’s College, University of Karachi. She has served as Additional Finance Secretary, Ministry of Finance, Govt. of Pakistan. She has also held various senior management positions including Member (SP&S) at FBR (HQ) - Islamabad, Member Directing Staff at National Defence University - Islamabad, Chief (HRM Wing) Federal Board of Revenue - Islamabad, Commissioner (TFC/IP) in large Taxpayer Unit, FBR - Islamabad, Chief in Federal Board of Revenue (HQ), Commercial Counselor, Embassy of Pakistan - Italy, Deputy Secretary at Prime Minister’s Secretariat - Islamabad and Additional Director at Central Board of Revenue - Islamabad. Furthermore, she has served as Deputy Commissioner and Income Tax Officer in different regions and cities of Pakistan. Her extensive career also includes services as the Director of Sui Southern Gas Company Limited and Pakistan Steel Mills.

Mr. Muhammad Zarrug Rajab has been a Director of Meezan Bank since 2015.

Mr. Muhammad Zarrug Rajab holds a Bachelors degree in Commerce from Libyan University and is a Fellow Chartered Accountant (England & Wales). He has held various senior management positions including Director at Bahrain Islamic Bank (BISB), Board Member at BISB Bahrain and Al Meezan Investments Pakistan and at Islamic Development Bank Jeddah. He has also held the prestigious positions of Auditor General of Libya, Minister of Treasury Libya and Governor of Libyan Central Bank.

Mr. Mohammad Abdul Aleem is a Fellow member of ICAP and has the honour of achieving Gold Medal for standing first in Pakistan in 1970. He is also a Fellow member of the Institute of Cost and Management Accountant. He started his career with A. F. Ferguson and then worked for National Refinery Ltd., before moving on to a Senior Executive role in Exxon Chemicals Pakistan, which is now known as Engro Corporation. During his 16 years with Exxon/ Engro he served both in Pakistan and in Singapore.

Mr. Mohammad Abdul Aleem joined Pakistan Tobacco Co. in 1991 as its CFO before being elevated in 1995 as the CEO of British American Tobacco subsidiaries overseas based in Cambodia and subsequently in Mauritius looking after the Indian Ocean region. On return to Pakistan in 2004, He was inducted in leadership positions for leading GOP owned corporations, Pakistan Telecommunication Company and PIA before moving on in 2008 as Managing Director, Pakistan State Oil Company. Currently he is the CEO and Secretary General of Overseas Investors Chamber of Commerce and Industry.

Mr. Mohammad Abdul Aleem has been active also on the corporate governance front and has in the past been a board member of LUMS and Pakistan Refinery and Chairman of Telephone Industries of Pakistan and Faysal Asset Management Company. Currently, he is the Board member and Chairman Audit Committee of Engro Corporation, Meezan Bank and Dawood Hercules Corporation. He is also the Chairman of Meezan Bank’s Board Information Technology Committee. He also gives his time to non-profit organizations in the field of education and is currently the Vice Chairman of Professional Education Foundation and Chairman of Intellect School Board.

Mr. Noorur Rahman Abid has been a Director of Meezan Bank since January 2014. He is also a member of the Audit Committee and Human Resources and Remuneration Committee of the Board.

Mr. Noorur Rahman Abid is a Fellow Chartered Accountant from Institute of Chartered Accountants in England and Wales and has held several senior management positions including Assurance Leader for Ernst & Young Middle East and North Africa, Engagement Partner for audits of large wholesale bank based in Bahrain as well as the largest Investment bank based in Bahrain, Chairman of Auditing Standards Committee and Deputy Chairman of Accounting and Auditing Standards Board of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions). He played an instrumental role in promoting several successful initiatives, including the Islamic Banking Center of Excellence in Bahrain and was declared winner of the World Islamic Banking Conference 2012 Industry Leadership Award in recognition of his contribution to Islamic Banking.

Directorships and other recent offices held:

  • Kuwait Finance House, Kuwait
  • Kuwait Finance House, Bahrain
  • Kuwait Finance House, Malaysia
  • Arcapita Investment Management, Bahrain
  • Al Shaheer Corporation Ltd
  • Member of Board of Trustees, Accounting and Auditing Organization for Islamic Financial Institutions
  • Dr Solaiman Fakeeh Hospital, Saudi Arabia

Mr. Talal S. A. Al-Shehab has been a Director of Meezan Bank since November 2015. He is also a member of the Board Human Resources and Remuneration Committee of the Bank.

Mr. Talal S. A. Al-Shehab holds a Bachelors degree in Accounting and Auditing from Kuwait University, Certificate in Credit Management from Institute of Banking Studies and American Business Accounting Certificate from Kuwait Association for Accountants. He started his career in the Taxation Department in the Ministry of Finance, Kuwait and has held senior management positions including Manager of Corporate Banking Division at Ahli United Bank and Corporate Finance Manager at Warba Investment Company.

Directorships and other recent offices held:

  • CEO, Al-Masar Leasing and Investment Company
  • Chairman and Acting CEO, Priority Automobile Company
  • Chairman, National Information Technology Company
  • Chairman, Al-Reyada Finance & Investment Company
  • Director, Unicapta Consultant Company
  • Director, Marsa Abu Dhabi R/E Investment Company
  • Independent Board Member, Amar Finance & Investment Company

Mr. Irfan Siddiqui is the founding President and Chief Executive Officer of Meezan Bank. Having articled with Coopers & Lybrand, London from 1975-1979, Mr. Irfan Siddiqui qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales. He has held several senior management positions including Chief Executive Officer at Al-Meezan Investment Bank Limited, General Manager at Pakistan Kuwait Investment Company, Advisor to the Managing Director at Kuwait Investment Authority, Manager Finance and Operation at Abu Dhabi Investment Company and Senior Business Analyst at Exxon Chemical (Pakistan) Ltd.

Directorships and other recent offices held:

  • Member of Board of Trustees, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain
  • Member, IBA CEIF Board of Management, Centre for Excellence in Islamic Finance (CEIF), IBA
  • Member of Government of Pakistan Steering Committee for ‘Promotion of Islamic Banking in Pakistan’ (2013 – 2016)
  • Member of Government of Pakistan sub-committee on awareness, training and capacity building for ‘Promotion of Islamic Banking in Pakistan’
  • Member of the PBA Sub-Committee on Islamic Banking
  • President of the Islamic Finance Association of Pakistan

Mr. Ariful Islam joined the Bank as its first Chief Operating Officer in April 1999. He is presently the Bank’s Deputy CEO and an Executive Board member. He is also a member of the Board Risk Management Committee as well as a member of several management committees as well as Board Information Technology Committee of the Bank.

Mr. Ariful Islam qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales in 1982. He is also a Fellow Member of the Institute of Chartered Accountants in Pakistan. He worked with KPMG (formerly Peat Marwick Mitchell & Co., London Office) before moving back to Pakistan in 1985. He has over 30 years of banking experience and has held several senior management positions including Executive Vice President & Regional Manager South at Faysal Bank Limited and Senior Executive Vice President & Head of Investment Banking at MCB Bank Limited.

Directorships and other recent offices held:

  • Chairman of the Board, Al-Meezan Investment Management Limited
  • Chairman of the HR Committee, Al Meezan Investment Management Limited
  • Director, Atlas Battery Limited

Shariah Supervisory Board

Successful implementation of the Islamic Banking model rests upon absolute adherence to the principles of Islamic Shariah. The foundations of a strong Shariah underpinning at Meezan Bank were laid from the beginning. A world-renowned Shariah Supervisory Board and a highly qualified and experienced in house Shariah Advisor are fundamental aspects of the Bank's core USP. The primary role of this Board is to maintain and further strengthen this commitment and to ensure strict Shariah-compliance in all areas of the Bank's operations.Members of the Shariah Supervisory Board of Meezan Bank are Internationally-renowned scholars, serving on the boards of many Islamic banks operating in different countries.

Justice (Retd.) Muhammad Taqi Usmani is a renowned figure in the field of Shariah, particularly in Islamic Finance.
He currently holds advisory positions in a number of financial institutions practicing Islamic Banking and Finance.

Justice (Retd.) Muhammad Taqi Usmani has vast experience in Islamic Shariah, teaching various subjects on Islam for more than 50 years. He has served as a Judge in the Shariat Appellate Bench, Supreme Court of Pakistan from 1982 to 2002. He is also the Editor of the magazine Albalagh (a weekly publication of Jamia Darul Uloom, Karachi) as well as an active contributor of articles in leading Pakistani newspapers.

Justice (Retd.) Muhammad Taqi Usmani graduated from Punjab University, Pakistan in 1970 and also holds an LL.B. from Karachi University, Pakistan. Prior to these, he completed the Takhassus course, which is the specialization course of Islamic Fiqh and Fatwa (Islamic Jurisprudence) from Jamia Darul Uloom Karachi, Pakistan.

In March 2004, His Highness Sheikh Mohammad Bin Rashid Al Maktoum (Dubai Crown Prince and UAE Minister of Defense) presented a special award to Justice (Retd.) Muhammad Taqi Usmani in recognition of his lifetime service and achievement in Islamic Finance at the occasion of International Islamic Finance Forum, Dubai, which is one of the biggest events in the Islamic Finance Industry.

Current Board Memberships:

  • Vice President and Shaikul-Hadith, Jamia Darul Uloom, Karachi
  • Chairman, International Shariah Standard Council set up by the Accounting and Auditing Organization for Islamic Financial Institutions, Bahrain.
  • Member, Islamic Fiqh Academy of Rabita-al-‘Alam-e-Islami, Makkah
  • Permanent Member International Islamic Fiqh Academy, Jeddah, sponsored by OIC
  • Chairman Centre for Islamic Economics Pakistan since 1991
  • Chairman Shariah Board Central Bank of Bahrain
  • Chairman Shariah Board Abu Dhabi Islamic Bank, U.A.E.
  • Chairman Shariah Board Meezan Bank Ltd., Karachi, Pakistan
  • Chairman Shariah Board International Islamic Rating Agency, Bahrain
  • Chairman Shariah Board Pak-Kuwait Takaful, Karachi
  • Chairman Shariah Board Pak-Qatar Takaful, Karachi
  • Chairman Shariah Board Arif Habib Investments – Pakistan International Islamic Fund, Karachi
  • Member Shariah Board Arcapita Investment Fund, Bahrain
  • Member Unified Shariah Board Islamic Development Bank Jeddah
  • Member Shariah Board Guidance Financial Group, USA

Awards Received:

  • His Highness King Abdullah (of Jordan) Award 2011
  • Wisamul Istiqlal Award presented by His Highness King Abdullah of Jordan 2010
  • His Highness Prince Muhammad bin Raashid Aal Maktoom Award 2004
  • Lifetime Achievement Award presented by the Islamic Business and Finance Magazine 2011
  • IDB Prize in Islamic Banking and Finance 2014

Born in Bahrain, Sheikh Esam Mohamed Ishaq graduated from McGill University, Montreal, Canada and also studied Shariah with a number of Sheikhs in the traditional manner.

He is a member of the High Council of Islamic Affairs of the Government of Bahrain and holds various Shariah positions in many social, commercial and educational institutions. Currently he also teaches Fiqh, Aqeeda and Tafseer courses in various Centres of Islamic Studies, supervised by the Ministry of Islamic Affairs in Bahrain.

He holds memberships of the following institutions:

  • The Governance Board of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain
  • The Shariah Supervisory Committee of the Maldives Monetary Authority (MMA), Maldives
  • The Shariah Panel of International Islamic Financial Market (IIFM), Bahrain
  • The International Advisory Panel of Islamic Banking and Finance Institute Malaysia (IBFIM), Malaysia

In addition to membership of the Shariah Supervisory Boards of a number of local, regional and international Islamic Financial Institutions (IFIs), he is the Chairman of Shariah Supervisory Boards of the following IFIs:

  • The Family Bank for Microfinance, Bahrain
  • Seera Islamic Bank for Investments, Bahrain
  • Investment Dar Bank, Bahrain

Furthermore, Sheikh Esam is Chairman of the Muslim Educational Society, Vice Chair & Shariah Advisor for Discover Islam Centre & member of the Board of Trustees of Al- Iman Islamic Schools, Bahrain.

Dr. Mufti Muhammad Imran Ashraf Usmani, son of Justice (Retd.) Mufti Muhammad Taqi Usmani, graduated with specialization in Islamic Fiqh (Islamic jurisprudence) from Jamia Darul-Uloom, Karachi, where he has been teaching Fiqh since 1990. He also holds an LL.B and Ph.D. in Islamic finance. He is a member of the administration board of Jamia Darul-Uloom, Karachi. Presently Dr. Usmani is the Resident Shariah Board Member at Meezan Bank and is responsible for Research and Product Development of Islamic banking products, advisory for Shariah-compliant banking and supervision of Shariah Audit & Compliance.

Dr. Usmani has served as an advisor / member of Shariah Boards of several renowned institutions since 1997 including the State Bank of Pakistan, HSBC - Amanah Finance, UBS - Switzerland, Guidance Financial Group USA, Lloyds TSB Bank - UK, Japan Bank for International Cooperation (JABIC), Credit Suisse Switzerland, RBS Global, Old Mutual Albarakah Equity & Balanced Funds South Africa, AIG Takaful, ACR ReTakaful Malaysia, Capitas Group USA, Bank of London and Middle East Kuwait, BMI Bank Bahrain, Al Khaliji Bank Qatar, Sarasin Bank Switzerland, DCD Group Dubai, International Centre for Education in Islamic Finance (INCEIF) and other mutual and property funds, Takaful Companies and international Sukuk etc. He is also an Executive Committee Member of AAOIFI (Dubai), Shariah Supervisory Board of International Islamic Financial Market (IIFM) Bahrain and Chairman Academic Board at Institute of Business Administration (IBA)-Centre for Excellence in Islamic Finance (CEIF), Karachi and Member Executive Committee at Centre for Islamic Economics (CIE), Karachi.

Dr. Usmani is the author of numerous publications related to Islamic finance and other Shariah related subjects. He has presented papers in numerous national and international seminars and has delivered lectures at academic institutions including Harvard, LSE, LUMS and IBA.ANNUAL

Management Team

We are a team of professional bankers committed to the cause of Islamic Banking


Shareholding Structure

Branch Network

Alhamdulillah, with 601 branches in 159 cities across Pakistan, Meezan Bank is the largest Islamic Bank in Pakistan. This is a milestone that is not only the success story of Meezan Bank but also the continuing success story of Islamic banking in Pakistan. With this extensive network, our existing and potential customers are now closer than ever in benefiting from Islamic Banking at their doorstep. All branches provide real-time online banking facilities to customers.