Meezan Bank has been awarded ‘Best Islamic Bank in Pakistan’ for 2010 by Islamic Finance News of REDmoney Group in a ceremony held in Kuala Lumpur Malaysia. The Islamic Finance News (IFN) Awards honor the best in the Islamic financial industry. It is one of the most prestigious and recognized awards in the global Islamic capital markets.
The award brings to light a highly successful and record-breaking year for Meezan Bank, the only AA rated Islamic Bank in Pakistan. With a branch network of 222 branches in 63 cities across Pakistan, Meezan Bank continues to be the largest Islamic bank in Pakistan. The Bank demonstrated robust business growth in 2010, closing the year with a deposit figure of Rs. 131 billion, Import/Export business of Rs. 143 billion and a 61% growth in Net Income over the previous year.