Meezan Bank Limited has been around since January 27, 1997, and is a publicly traded company. In August of that year, it opened for business as a financial bank. In January 2002, the State Bank of Pakistan made history by giving Meezan Bank the first full-fledged commercial banking licence in the country that was specifically for Islamic banking. Today, Meezan Bank is at an important point in the history of Islamic banking in Pakistan. Traditional ways of doing business are being thrown out the window by the banking sector, which is now catering to smarter, more demanding customers who are also becoming more aware of Islamic Banking. Meezan Bank has the very important job of showing the way to build a stable and growing Islamic banking system with a wide range of innovative goods and services. The Bank has made fundamental and significant progress forward. It has built a strong and trustworthy management team made up of experienced professionals. This has led to a strong balance sheet with excellent operating profitability, a capital adequacy ratio that puts the Bank at the top of its industry, an A+ long-term entity rating, and an A1 short-term entity rating. The Bank's major shareholders are well-known local and international banks, such as the "Islamic Development Bank of Jeddah," the "Shamil Bank of Bahrain," and the "Pak-Kuwait Investment Company," which is the only AAA-rated bank in the country. These institutions' long-standing status, reputation, strength, and stability add a lot of value to the Bank through their representation on the Board and the use of synergies. There is a very high-quality and busy Shariah Supervisory Board at the Bank. It is led by Justice (Retd.) Maulana Muhammad Taqi Usmani, who is a well-known figure in the field of Shariah and Islamic finance. He was a judge in the Shariat Appellate Bench of the Supreme Court of Pakistan and is now the Deputy Chairman of the Islamic Fiqh Academy in Jeddah. He has had a long and successful career. The Bank also has a Shariah advisor on staff named Dr. Imran Usmani. He closely watches over all of the Bank's routine business. Sheikh Essam M. Ishaq (Bahrain) and Dr. Abdul Sattar Abu Ghuddah (Saudi Arabia) are also on the board. When we work at Meezan Bank, we try to find ways to work with the regular banking system while still following Shariah law. The bank has great research and development skills because it has investment bankers, commercial bankers, Shariah scholars, and legal experts working together. They come up with new, innovative, and competitive value propositions that not only meet the needs of today's complex financial world but also give our customers the world-class service they expect, all while staying within the rules of Shariah. At Meezan Bank, they put a lot of effort into IT and getting to know their customers. They also use cutting edge technology and processes. As part of the Bank's Corporate and Investment Banking business unit, they work to build long-term relationships with clients by getting to know their specific financing needs and offering Shariah-compliant financing options through corporate banking and structured finance. By putting in place strong and aggressive strategic and tactical efforts for consumer banking, Meezan Bank hopes to reach its main goal of making services easy to access and offering a culture of dedicated service and understanding of customers' needs. As the bank grows quickly, it now has branches in all of the country's big cities. We at Meezan Bank want to improve our customers' lives and businesses by giving them innovative and cost-effective goods and services that meet their needs and follow all Shariah rules. At the same time, we work hard to give our clients competitive returns that take into account risk.
Email: info@meezanbank.com
Phone: +92 21 111 331 331