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Meezan Bank holds 14th Shariah Supervisory Board Meeting

May 8th, 2009

The 14th Shariah Supervisory Board meeting of Meezan Bank Limited took place at the Darul Uloom Korangi, Karachi.

The meeting was chaired by Justice (Retd.) Muhammad Taqi Usmani and the other members of the Shariah Board including Sheikh Essam M. Ishaq (Bahrain) and Dr. Muhammad Imran Usmani. The senior management of Meezan Bank including Chief Operating Officer, Mr. Ariful Islam and President & CEO, Mr. Irfan Siddiqui and other team members were also present.

Several important matters were discussed in the meeting including introduction of new Shariah-compliant products and services. The Shariah Board praised the performance of the Bank and showed overall satisfaction on the Shariah-Conformity of the products and overall business and transactions of Meezan Bank Limited.

Later, Sheikh Essam addressed the Senior Management of Meezan Bank and discussed with them various issues regarding Islamic Banking and Finance.