Meezan Bank, Pakistan’s first and largest Islamic Bank, and IME Remit, a leader in money transfer business in Malaysia have entered into an agreement under which Meezan Bank will provide remittance payments through its network across Pakistan. This arrangement will enable Meezan Bank to take advantage of IME Remit’s significant presence in Malaysia and other countries.
The arrangement will facilitate Pakistanis living in Malaysia, Nepal and UK for sending money to their families and enable resident Pakistanis to receive inbound remittances via IME Remit at any branch of Meezan Bank, in cash as well as remittance transfer in any Bank Account in Pakistan.
Mr. Irfan Siddiqui, President and CEO of Meezan Bank stated, “Meezan Bank recognizes the potential in home remittance business and aims to facilitate resident Pakistanis to conveniently receive money sent from other countries as well as inbound remittances. This initiative will also encourage the increase of home remittances through Islamic banking systems, promising timely and prompt delivery to the beneficiaries through highly secure channels, thus contributing towards our Vision of establishing ‘Islamic banking as banking of first choice’.”