Meezan Bank hosted the Shariah Supervisory Council meeting of Amana Bank, Sri Lanka at Meezan House – Meezan Bank’s Head office at Karachi. Supported by Meezan Bank’s Product Development & Shariah Compliance team, the board meeting was preceded by meetings discussing Meezan Bank’s products and services offered in Pakistan. The eight day visit by the Amana Bank delegation was part of a recently signed agreement between the two Banks under which Meezan Bank is providing Shariah Advisory and Product Development Services to Amana Bank – Sri Lanka.
The Shariah Supervisory Council meeting of Amana Bank was attended by a high-level delegation from Amana Bank, various Islamic scholars from Sri Lanka and Malaysia and representatives from Meezan Bank. The delegation from Amana Bank included the Shariah Supervisory Council (SSC) members namely Ash-Sheikh M.M.A. Mubarak, Vice Chairman – SSC, As-Sheikh Mufti M.I.M. Rizvi, As-Sheikh Mufti Hassaan Kaleem, As-Sheikh Mohd Nazri Bin Chik along with representatives of the Bank – Moulavi N.M. Siraj, Head of Shariah Supervision and Mr. Fazly Marikar, Manager, Treasury. Mr. Ahmed Ali Siddiqui and Mr. Farhanul Haq Usmani of Meezan Bank were also present at the meeting. The Shariah Supervisory Council meeting proved effective with more than 20 products for Amana Bank being approved during the meeting.