In a special report on “Top Islamic Financial Institutions” published by renowned international magazine The Banker, being published from the UK. Meezan Bank is ranked as the Top Islamic Bank in Pakistan. This ranking was given to Meezan in recognition of impressive growth of its branch networks to becoming the largest Islamic Bank in Pakistan and its contribution to developing world-class Shariah-compliant financial products for Pakistan’s Islamic Banking market.
Meezan Bank has been on a very fast growth trajectory since its inception in 1997 and has not only grown to be the largest Islamic Bank in Pakistan but is also ranked 8th amongst all banking institutions in the country. The year 2014 was an eventful year, where Meezan crossed the landmark of increasing their branch network to more than 400 branches in 115 cities across Pakistan and additionally took over the Pakistan’s operations of HSBC.
“Meezan is already one of Pakistan’s top 10 banks by deposits. If it continues its growth rate, it will be in the top five in a few years.” says Omar Mustafa Ansari, Islamic Financial Services partner in Ernst & Young – Karachi.